We have the perfect mortgage for you
rates have reached their lowest levels in six decades, making this the best
time to buy or refinance a home. Chesterfield Federal Credit Union makes
getting a home loan has never been easier. With plenty of
financing options available, it’s never been a better time to purchase and with
rates this low you could save thousands by refinancing . Ask us today how
we can help you take advantage of this once in a lifetime opportunity.
peace of mind
At Chesterfield Federal Credit Union, you’ll find more than the perfect customized loan for your unique
situation. You’ll find peace of mind, knowing that your best interests are what
guide your loan application through the entire mortgage process. Your
Mortgage Banker acts as your personal liaison, keeping you informed of your
loan’s status, and joins you at closing to ensure your peace of mind.
What’s the best type of mortgage for
There are many types of mortgages, so the best mortgage for you depends on your situation.
Our mortgage experts can help you obtain the best possible mortgage at excellent rates.
Mortgage types to consider:
States Dept. of Agriculture)VHDA (Virginia
Housing Development Authority)JumboEEM (Energy
Efficient Mortgage)Reverse (Home
Equity Conversion Mortgage)
- Typically, this has the best interest & mortgage insurance rates
- 3.5% down usually required, and it can come as a gift
- FHA 203(K) loan available, for fixer-upper properties
- Can be used to buy & refinance a variety of home types
- Fixed & adjustable rates available
* Consult your tax adviser for details
Rate types to consider
We can help you decide which rate &
mortgage types will benefit you most, but here are some basics:
Fixed rate Adjustable
Because they have predictable payments
with unchanging interest rates, fixed rate loans work well for those who
anticipate being in the home for a long time.
you know you’ll be moving in 3 to 10 years, the new, improved adjustable rate
mortgage (ARM) can be a good choice. ARMs
offer initially low interest rates, which helps keep your monthly payment low.
Years later (you choose how many years) the rate adjusts up or down to whatever
the current interest rate is.
We have the perfect mortgage product waiting for you!