Apply NowOpens in New Window
Stop dreaming about the perfect house. It can be yours with affordable mortgage options from Chesterfield Federal Credit Union!

We have the perfect mortgage for you.

In this rising rate environment, now is the right time to buy or refinance a home so you can lock in your rate. At Chesterfield Federal Credit Union, getting a home loan has never been easier. With plenty of financing options available, there has never been a better time to purchase and with our low rates you could save thousands by refinancing. Ask us today how we can help you realize your dream of home ownership!

Want more information?  Download our Homebuyer's HandbookOpens in New Window today!

We lend 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 Real Estate Specialist 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 you?

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. 


  • Low closing costs, flexible payment options
  • 5% down usually required and it can’t come as a gift
  • Used to buy & refinance a variety of home types
  • Fixed & adjustable rates available

FHA (Federal Housing Administration)

  • 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

VA (Veterans Administration)

  • For members & veterans of the Armed Services
  • No down payment or mortgage insurance required
  • Rates are usually better than conventional loan rates
  • Can be used to buy & refinance a variety of home types
  • Fixed & adjustable rates available

USDA (United States Dept. of Agriculture)

  • Used for buying homes in rural areas,
  • 30-year fixed rate
  • No down payment required
  • Rates are comparable to conventional loan rates
  • USDA Direct loan available for low income buyers

VHDA (Virginia Housing Development Authority)

  • For first-time homebuyers in Virginia
  • Conventional, FHA, VA and USDA loans available
  • VHDA/FHA Plus requires no downpayment


  • Usually for loans above $417,000
  • Slightly higher interest rate than other loans
  • Larger downpayment usually required
  • Fixed & adjustable rates available

EEM (Energy Efficient Mortgage)

  • For ‘green’ upgrades to current or new home
  • Rolled into primary mortgage payment
  • FHA and VA EEMs available

Reverse (Home Equity Conversion Mortgage)

  • For homeowners 62+ with ample home equity
  • Uses equity for many purposes, like purchasing a new home, repairing your current home or generating tax-free* income for any use
  • No credit or income requirements to qualify
  • No monthly mortgage payment
  • Fixed & adjustable rates available
* Consult your tax adviser for details

What type of rate is best for you? 

We can help you decide which rate and mortgage types will benefit you most, but here are some basics:

Fixed rate

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.

  • Typically available in 15 and 30 year terms
  • The longer the term the smaller the monthly payment — but you’ll pay out more over the life of the loan, because of interest.
  • The shorter term loans have better interest rates, are paid off quicker & and cost less over time.

Adjustable rate

If 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.

  • Apply
  • Request Info
  • FAQ

Applying for a loan online is easy! Just follow these simple steps:

Auto Loans, Personal Loans, Credit Cards

  1. Log in to your Net24 Home Banking account
  2. Select "Apply For A Loan" from the left column navigation menu
  3. Complete the appropriate application
  4. A Financial Services Representative will contact you within one business day with more information.

Home Equity Loans & Lines of Credit

  1. Complete a Request for Information and select Home Equity Loans and Lines
  2. A Financial Services Representative will contact you within one business day with more information.

First Mortgages

  1. Complete an Mortgage ApplicationOpens in New Window through our dedicated mortgage loan site.
  2. A Financial Services Representative will contact you to get more information about your mortgage needs.
Request Info
We have the perfect mortgage product waiting for you!