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 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 $766,550*
Which Mortgage 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 $766,550*
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 $766,550*
Purchase Plus Program
We’re helping home buyers in low-income communities achieve homeownership! First-time home buyers can get $5,250 in lender credits to use for down payment and closing costs.**
This assistance is in the form of a grant, meaning no monthly payments or repayments required.
- Minimum credit score of 620 required
- Available for first-time home buyers with as little as 3% to 5% down payment options
- Applicable to 1-4 unit properties
Apply Today
To apply for a conventional mortgage in-person, schedule an appointment at an Orlando Credit Union branch location near you or you can apply online.
Apply Now Schedule Appointment Contact Us for Rates
Already Applied? Check Status
Government Backed Loans
Get Your Dream Home with Less Money Up-Front
Government-backed mortgage loans feature lower payments and more flexible qualification standards.
U.S. Department of Agriculture (USDA) Loans
The USDA backs loans for properties in eligible rural areas.
- Fixed, 30-year term
- No minimum down payment requirement
- Unlimited maximum purchase price
- Borrow up to 100% of the home’s value
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 $766,550*
- Borrow up to 100% of the home’s value
- No mortgage insurance requirement
Apply Today
To apply for a government-backed loan in-person, schedule an appointment at an Orlando Credit Union branch location near you or you can apply online.
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.
Earn a $500 Closing Credit
on your first mortgage loan with Orlando Credit Union.
* Loans are subject to membership and credit approval. Purchase prices vary for multi-family homes.
** 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 closing cost grant of $5,250 toward their closing cost or downpayment. 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.
^ Not available on current Orlando Credit Union mortgages. Applicable to owner-occupied properties only. Credit may be applied to standard loan costs that are charged at closing and may include customary third-party and government closing costs. All home lending products are subject to credit and property approval. Rates, program terms and conditions are subject to change without notice. Property must be located in Florida. Not all property types are eligible. Other restrictions and limitations apply. Offer may be altered or discontinued at any time without notice. Offer may not be combined with other mortgage offers. Must be a member or qualify for membership with Orlando Credit Union. As a condition of membership, you must maintain an ownership share account with $5 and also a share savings account to be eligible for any other products and services.
NMLS #569755