Start by having a loan pre-approval in place before you search. With a pre-approval letter in hand, you stand a much better chance of beating the competition because it assures sellers you already qualify for a loan and can move quickly to settlement. Baltimore County Employees Federal Credit Union can help you get pre-approved for a mortgage. Request an appointment.
Available loan options
With all the different loan options available, mortgage shopping can be overwhelming, especially for first-time home buyers. The team at BCEFCU is ready to help and features two of the best players in the game. Check out our stats:
- The 15/15 Adjustable-Rate Mortgage is a superstar on and off the field. It’s a 30-year home loan that bursts out of the tunnel with a great low introductory rate for the first 15 years, adjusting only once in year 16. Payments are amortized over 30 years keeping them affordable.
- The 30-year fixed mortgage is the reliable veteran performer year after year. The interest rate is fixed for the full life of the loan. In addition, the 30-year term keeps your payments as low as possible. Consistency equals money in the bank!
FHA and VA loans
We also offer FHA and VA loans, conforming and non-conforming primary residence residential loans, and adjustable-rate loans with 3, 5, 7, or 10-year terms.