Mortgages

Unlock the door to your dream home

Mortgage Loans is rated 4.6 out of 5 by 76.
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Buying a home is about so much more than a mortgage. Of course, we’d love to help match you with the best home loan for your needs, but did you know we can guide you through the entire buying process from pre-approval to closing?  We’ll help you find an agent, search for homes online and so much more.

When you’re ready to buy, because we offer local underwriting, you’ll receive an approval quickly. We can help you finance properties within Virginia, Maryland, West Virginia, North Carolina and the District of Columbia.

HomeAdvantage


If you’re in the market to buy or sell a home, it’s time to take advantage of our no cost, no obligation HomeAdvantage program. This comprehensive real estate resource is designed to make your home buying experience more rewarding. From finding a home to financing one, we can help you from start to finish.

Loan Options

First Time Buyer

If you dream of owning a home, but you can’t afford a large down payment, you’ll benefit from our affordable 5/5 Adjustable Rate Mortgage.

  • Low or no down payment (up to 100% Combined Loan-to-Value (CLTV))
  • Rate can adjust once every 5 years
  • Reduced Private Mortgage Insurance (PMI)
  • No prepayment penalties
To qualify as a first-time buyer, you can’t have owned a home in the past three (3) years.
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Fixed-Rate
Check Rates

If you want the security of knowing that the market rates will not change your monthly payment and you plan to stay in this home for at least 10 years, consider our Fixed-Rate Loan.

  • Available in 10, 15, 20, and 30-year terms
  • Borrow from $50,000 to $453,100*
  • Jumbo mortgages up to $1,000,000 are available
  • No origination fees or points
Apply Now
Adjustable-Rate
Check Rates

Choose our Adjustable-Rate Mortgage (ARM) and you’ll start out with a lower initial interest rate than most fixed-rate loans. The trade-off is that the interest rate can change periodically and the monthly payment may go up or down accordingly.

  • 5/1, 7/1, and 10/1 ARM with 30-year repayment terms available
  • Borrow from $50,000 to $453,100*
  • Jumbo mortgages up to $1,000,000 are available
  • No origination fees or points
Apply Now

Educator and First Responder Mortgage Program 

Designed for those who help the community most, we’re here to help you save even more on your new home. Whether you’re buying for the first time, refinancing a current home or hoping to tap into your home’s equity, we have loan options for you.

  • Low or no down payment (up to 100% Combined Loan-to-Value (CLTV))
  • Rate can adjust once every 5 years
  • Reduced Private Mortgage Insurance (PMI)
  • No prepayment penalties
Apply Now
Refinance
Check Rates

Are you looking to lower your monthly mortgage payment or improve the terms of your current loan? Contact us to discuss ways we can help.

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Reverse Mortgage

Designed for homeowners ages 62 and older, a Reverse Mortgage allows you to convert part of the equity in your home into monthly income or cash without having to sell the home, give up title or take on additional monthly mortgage payments. 


Apply Now

Select “Apple Federal Credit Union” as your institution.

 

Ask a Question about our Home Loans

*Conforming loan limits may vary depending on property location. Property values are based on the lesser of the current appraisal value or the current tax assessment. Independent appraisals are not accepted.

The HMDA data about our residential mortgage lending are available for review. The data show geographic distribution of loans and applications; ethnicity, race, sex, and income of applicants and borrowers; and information about loan approvals and denials. Inquire at 703-788-4800 or 800-666-7996 regarding the locations where HMDA data may be inspected.

More Helpful Resources

Rated 3 out of 5 by from Great ReFi Rate; took six months to close. ReFi process came to a standstill once appraisal came back lower than anticipated. Only after I escalated did I get the pretty straightforward answer to my simple question: Can we move forward (and, if so, how?) or not? Staff were apologetic, repeatedly explaining that they were very busy and understaffed. I would gladly sign up for auto-pay except I cannot choose when the money is withdrawn (2 weeks before the payment due date). The notary at closing was very knowledgeable and pleasant, and the closing was scheduled at a conveniently-located office space. Given the great interest rate, I would recommend, but with reservations.
Date published: 2015-08-13
Rated 1 out of 5 by from Apple Mortgage Loan I recently refinanced my mortgage to Apple FCU. We received a favorable fixed 30-year rate, and that was our main motivation to switch to Apple. However, I did not realize until after we closed and were making our first payment that Apple has no online billing capability. I found this very surprising and frustrating. I haven't paid my mortgage via snail mail for over 5 years! Also, the mailed statement arrives only a few days before the monthly mortgage is due. I received my last statement on May 26 for the payment that was due June 1. When will Apple FCU have an online payment solution for mortgage customers?
Date published: 2015-06-04
Rated 5 out of 5 by from Excellent Mortgage Loans Apple has the best mortgage loans with low interest rates. Despite being a member only for a few months, I was approved for an ARM loan with a very low interest rate. My lender was very acknowledgeable and explaining everything to me very clearly. He discussed the calculable risks, pros and cons of each loan before I made my decision to choose the ARM. The process was quick and easy. Please don't hesitate to contact Apple to meet with a loan officer if you consider getting a mortgage loan. Apple's customer service is excellent and very helpful. It's an honor to write this review. Thank you Apple.
Date published: 2015-05-08
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I am a member and just starting to think about home. We have perfect credit(840) scores. We do lack the 20 down. I am a teacher. Can you send me information about the teacher loans with little or no down? Are there income limits etc. Thanks

Asked by: kmamka12
Thanks for your interest in the Apple FCU Educator Loan Program! Because many of the details are very specific to your situation, the amount you think you'll finance, etc., it's best to speak with one of our mortgage originators. They're best suited to assist: https://www.applefcu.org/personal-banking/loans/home-loan/frequently-asked-questions#team. And remember, we're here throughout the whole process, so register for our FREE HomeAdvantage program. We can refer you to trusted, local real estate agents and provide you access to the MLS database, the same system agents use to search for properties. You can save searches, research neighborhoods and much more! Advisors are available 7 days-a-week for guidance as well. Plus, you'll earn a 20% cash reward of your agent's commission at closing. To get started, visit: https://applefcu.mycuhomeadvantage.com/. We look forward to serving you!
Answered by: AppleFCU
Date published: 2018-05-14

Does AppleFed offer any bridge loans?

Asked by: topherrobin
We do not have a Bridge Loan, but our mortgage originators may be able to suggest an alternative provided you have equity in your current home. To learn more, give any of them a call: https://www.applefcu.org/personal-banking/loans/home-loan/frequently-asked-questions#team
Answered by: AppleFCU
Date published: 2018-05-14

Hi does apple offer low down payment mortgage products?

Asked by: Marcus
Yes, we do! It's best to reach out to one of our licensed Mortgage Originators for complete details. They'll be able to help with what's best for your particular situation: https://www.applefcu.org/personal-banking/loans/home-loan/frequently-asked-questions#team. They're available by phone, email or to meet at any Apple branch. We look forward to serving you!
Answered by: AppleFCU
Date published: 2018-04-26

My wife and I are members of Apple Federal. I have two questions. First, do you do cash out refinance mortgages with a loan to value of 80%? Secondly, if you do, what is the minimum credit score needed to qualify?

Asked by: DSHTRH
Thanks for considering a Home Equity Loan with Apple FCU! Qualified applicants may borrow up to 100% LTV with an approved Home Equity Loan and a 770+ credit score. If you’ve been in your home less than 6 months the LTV will be based on the purchase price. If you’ve been in your home more than 6 months, a new appraisal will be ordered to determine the value. We recommend that you speak with a loan officer directly to discuss your specific lending needs. However, if you're ready to apply now, we invite you to open your account at AppleFCU.org/Join. Once you've got your member number, you can apply for your loan. Feel free to give us a call at 703-788-4800 (800-666-7996 toll-free). You may also apply online by visiting https://www.applefcu.org/Loans/MortgageBot.
Answered by: Apple FCU
Date published: 2018-04-09

Hello! Please let me know, can I apply for morgage in your bank if I am considering Affordable Dwelling Unit (ADU). Thank you!

Asked by: Ekaterina
Absolutely! Affordable Dwelling Unit programs are not loan programs, rather housing programs typically offered through the county/city the property is located in. As such, its mortgage loan is not any different than a purchase for any other type of property, so you could use whichever Apple FCU Mortgage fits your needs best. For complete details, including rate/fee quotes, visit https://www.applefcu.org/personal-banking/loans/home-loan/mortgage-center-2col. You can also call one of our Licensed Mortgage Loan Originators directly with any questions: https://www.applefcu.org/personal-banking/loans/home-loan/frequently-asked-questions#team. If you're not yet a member, join easily online at https://www.applefcu.org/join-apple. Membership is required to obtain an Apple FCU Mortgage.
Answered by: AppleFCU
Date published: 2018-04-04

I wanted to know if you can provide me some advice about refinancing my condominium. I purchased it in 2016 with the FHA mortgage program, and I would like to know if you can tell me what would it take for me to get rid of the PMI that I pay monthly.

Asked by: Anonymous
We're happy to help! We'll need to know a bit more about the property and your loan to be able to adequately advise you. Please feel free to email/call the Licensed Mortgage Loan Originator in your area for assistance; you can find them here: https://www.applefcu.org/personal-banking/loans/home-loan/frequently-asked-questions#team.
Answered by: AppleFCU
Date published: 2018-03-15

Hi, my husband and I are interested in the first-time home buyers program you offer. I currently work with FCPS. Eager to speak/meet with a representative who could provide us with advice moving forward.

Asked by: Family
We're excited to serve you! Please call 703-788-4800, option 5, to be connected directly with a mortgage specialist. Also, check out our FREE, no obligation HomeAdvantage program. We can refer you to trusted real estate agents and provide you access to the MLS database, the same one agents use to search properties. Service Advisors are available 7 days-a-week for guidance as well. Plus, you'll earn a 20% cash reward of your agent's commission at closing. To get started, visit: https://applefcu.mycuhomeadvantage.com/.
Answered by: AppleFCU
Date published: 2017-08-04

Does Apple finane mobile homes that are in a mobile home park

Asked by: Cj49
Apple FCU can finance mobile homes provided that it's on a permanent foundation, was built after 1976, and the house and land are deeded together as real estate in the County records. Should you have further questions, please call 703-788-4800, option 5, to speak with a mortgage specialist.
Answered by: AppleFCU
Date published: 2017-07-13
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