Buying a Home
Whether you’re buying your first or latest home or refinancing your forever home, we have a loan for that. We also finance residential vacation and investment properties for up to 15 years.
Fixed-Rate Loans
If you want the security of knowing your rate won’t change with the market and plan to stay in the home for at least 10 years, consider a fixed-rate loan.
- 10, 15, 20 and 30-year terms
- Higher loan amounts and increased buying power
Adjustable Rate Loans
You’ll start with a lower initial interest rate, but the rate will change periodically, and your monthly principal and interest payment will change. A great option if you plan to be in the home for less than the initial term or will refinance before the rate adjusts.
- 3, 5, 7, 10 and 15 year initial terms
- Lower principal and interest payment during the initial term
15/15 Adjustable-Rate Mortgage – the Best of Both Worlds
The 15/15 combines the benefits of fixed and adjustable-rate mortgages. A low interest rate applies for the first 15 years. The rate adjusts once at the 16-year mark and remains fixed for the remaining 15 years.
- Low initial payments
- Payments amortized over 30 years
- 0% down for qualified borrowers*
- Free 120-day rate lock*
*From the date of loan application, restrictions and limitations apply.
Ready to apply?
Applying online is easy. Start by gathering the documents you need to purchase or refinance a property.
Purchase Pre-Approval
- Most recent pay stubs for the last 30 days.
- Proof of funds for closing: two months’ bank statements and/or other asset accounts.
- Last two years’ personal and business tax returns (all schedules) and a year-to-date profit & loss statement along with W-2 and 1099 forms.
- Additional information may be requested if needed.
Nationwide Mortgage Licensing System: NMLS # 410315
Refinance Pre-Approval
- Most recent pay stubs for the last 30 days.
- Proof of funds for closing: two months’ bank statements and/or other asset accounts.
- Last two years’ personal and business tax returns (all schedules) and a year-to-date profit & loss statement along with W-2 and 1099 forms.
- Most recent property tax bill
- Insurance policy on property
- Current Mortgage statement(s)
- Additional information may be requested if needed
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Questions?
410-828-4730 | 800-234-4730
[email protected]
Equal housing lender. Mortgage financing is limited to properties located in Maryland, Delaware, and Pennsylvania. Borrower must be a BCEFCU member or qualify for membership and have an open share savings account with a minimum $5 deposit. All loans are subject to credit approval. Rates, terms, and conditions subject to change without notice. Private Mortgage Insurance (PMI) may be required. Baltimore County Employees Federal Credit Union NMLS #410315. Data about our residential mortgage lending is available through the Home Mortgage Disclosure Act.
