We'll Help You Get Your Best Home Loan Option
Whether you’re ready to buy your first home, build a new home, or refinance your home mortgage, Orlando Credit Union’s team of mortgage experts is ready to help you get it done right.
When You Buy a Home or Refinance Through Orlando Credit Union You Get...
- Competitive fixed and adjustable rates
- Low closing costs
- Borrow up to 97% for purchases
- Borrow up to 95% for term/rate refinances
- Borrow up to 80% for cash out refinance
- No mortgage insurance with down payment of 20% or more
- Maximum loan amount is $806,500*
Orlando Credit Union only finances properties in the state of Florida.
Which Florida Mortgage Loan Option is Best for You?
Conventional Mortgages
Ideal for Buyers with Good or Excellent Credit
A conventional mortgage loan often requires less paperwork and receives approval more quickly than a government-backed loan.
- Purchase or refinance
- Fixed and adjustable rates
- Borrow up to 97% for purchases
- Borrow up to 95% for term/rate refinances
- Borrow up to 80% for cash out refinance
- No mortgage insurance with down payment of 20% or more
- Low closing costs
- Maximum loan amount is $806,500*
First-Time Homebuyer Program
Buying your first home comes with many big decisions, and it can be as scary as it is exciting. If you’re purchasing your very first home, you can take advantage of one of our best mortgage programs.
- Fixed rate
- Borrow up to 97% of the home’s value
- Maximum loan amount is $806,500*
Apply Today
To apply for a conventional mortgage loan in-person, schedule an appointment at an Orlando Credit Union branch location near you or you can apply online.
Orlando Credit Union only finances properties in the state of Florida.
Apply Now Schedule Appointment
Already Applied? Check Status
Government Backed Home Loans
Get Your Dream Home with Less Money Up-Front
Government-backed mortgage loans feature lower payments and more flexible qualification standards.
Federal Housing Administration (FHA) Mortgage
FHA loans are ideal for homebuyers who have a limited down payment. These loans are insured by the Federal Housing Administration.
- Fixed rate
- Requires 3.5% minimum down payment
- Maximum loan amount for a single-family home ranges from $524,225 to $764,750 (Varies based on location in Florida)
- Borrow up to 96.5% of the home’s value
- Requires payment of mortgage insurance premiums
Veterans Affairs (VA) Mortgage
Orlando Credit Union is pleased to support our veterans. A VA Mortgage requires less money up-front and is guaranteed by the Department of Veterans Affairs.
- Fixed rate
- No minimum down payment requirement
- Maximum loan amount is $806,500*
- Borrow up to 100% of the home’s value
- No mortgage insurance requirement
Apply Today
To apply for a government-backed home loan in-person, schedule an appointment at an Orlando Credit Union branch location near you or you can apply online.
Orlando Credit Union only finances properties in the state of Florida.
Apply Now Schedule Appointment Contact Us for Rates
Already Applied? Check Status
Need Help with the Home-Buying Process?
Check Out Our Simple Home-Buying Guide
Orlando Credit Union is with you, every step of the way.
A home purchase represents one of life’s biggest investments—but don’t let that intimidate you. To help simplify the process for our members, Orlando Credit Union has created an easy 8-step guide to buying a home. It covers everything from gathering documents and making an offer to getting a home inspection and closing the deal.
* Loans are subject to membership and credit approval. Maximum loans and purchase prices may vary for multi-family homes or in different geographical areas.
** Eligibility and Membership required. As a condition of membership, you must maintain an Ownership Savings Account with a $5 minimum balance. Member will receive a grant toward their upfront
mortgage costs. The amount of the grant is based on the borrower’s Area Median Income (AMI) of the subject property’s location. Specifically, $4,500 is available for AMIs of 100% and below, while $1,500
is available for AMIs above 100% Offer is valid for only first-time home purchasers with primary residence properties in specific metropolitan areas and census tracks. Approval contingent on eligible
property locations: Orlando-Kissimmee-Sanford, FL; Tampa-St. Petersburg-Clearwater, FL; Miami-Fort Lauderdale-Pompano Beach, FL. Offer is nontransferable. Offer cannot be applied retroactively to
closed loans. Offer may not be redeemed for cash, and no change will be given if the discount amount exceeds costs otherwise due. Orlando Credit Union reserves the right to cancel this offer at any time.
Other discounts may be ineligible with this offer. Orlando Credit Union is an Equal Housing Lender.
*** APR = Annual Percentage Rate based on the following assumptions. Loan amount of $304,000 and 1 point. Your rate, points and closing costs may vary based upon loan features, geography and/or other terms and conditions. Additional adjustments may be applicable based upon credit history, property value, mortgage product, property type or other factors. The interest rate and fees shown here are available to borrowers with an excellent credit history. The interest rates, APRs, closing costs and discount points shown are subject to change without notice. Your APR will vary based on your final loan amount and finance charges.
NMLS #569755