We offer competitive mortgage loans for purchasing or refinancing your primary residence. Turn to us for help when buying locally or across the nation.
Interior FCU has developed it’s own mortgage product that we feel gives you, our members, the financial flexibility you desire to help make your home purchase or refinance goals become a reality.
This is a first trust, five-year balloon mortgage loan on which the principal and interest payment is amortized over 30 years and the Maturity Date is five years. Many other 5/30 products adjust every year after the fifth anniversary, ours is re-fixed every five years. Any single adjustment is limited to three percent.
- The interest rate is adjusted every five years and is determined by the Board of Directors.
- The credit union will loan you up to 80% of your home's appraised value at preferred interest rates or 90% at slightly higher rates and both products are with no points. For condominiums, we will loan up to 80% of the value and still no points are charged.
- You may renew the loan at the end of each Maturity Date and every five years thereafter for a period not to exceed thirty (30) years from the date of the Note.
We are providing this mortgage for purchases or refinances if you live in a single family home or townhouse in Maryland, Washington D.C., Virginia and West Virginia. Simply call 202-208-6605 or 703-648-7610 to speak directly with our Mortgage loan officer to find out more information about our 5/30 Mortgage products. If you live outside these areas, check with our partner, PHH, below for other great offers.
Department of the Interior Federal Credit Union has partnered with PHH Credit Union Services (PHH), one of the nations largest mortgage lenders, to bring you the most technologically advanced method available of obtaining a first mortgage. PHH is dedicated to meeting your mortgage needs with ease, speed and flexibility.
PHH's innovative program offers the industry's strongest service guarantees:
- Guarantees to beat any lender’s price or pay you $500.*
- Guaranteed to give you a same-day loan decision when you apply by phone or they will pay you $250.
- Guaranteed to meet your agreed-upon closing date or reduce your interest rate by 1/8 of one percent for the life of your loan.**
For your convenience, PHH Mortgage Services is available six days a week:
- Monday through Friday — 8:30 a.m. to 8:00 p.m. EST
- Saturday — 9:30 a.m. to 6:00 p.m. EST
Simply call toll-free at 1-877-651-4334 to speak directly with a mortgage loan consultant. Or visit PHH online. A representative will gather all of the necessary information to provide a same-day loan decision.
PHH Mortgage Services, 3000 Leadenhall Road, Mt. Laurel, NJ 08054. Arizona Residential Mortgage Licensee #BK 00010039; Licensed by the Department of Corporations under the California Residential Mortgage Lending Act, Georgia Residential Mortgage Licensee #6266; Illinois Residential Mortgage Licensee; Massachusetts Licensed Lender #ML1653; Licensed by the New Hampshire banking department; Licensed by the N.J. Department of Banking and Insurance; Licensed Mortgage Banker - NYS Banking Department; Rhode Island Licensed Lender; Minnesota - This is not an offer to enter an interest rate lock-in agreement. Licensed First Mortgage Banker and Secondary Mortgage Lender by Pennsylvania Department of Banking. In Massachusetts and Virginia, financing provided by PHH Mortgage Services, Inc. *A customer must provide a complete, system generated Good Faith Estimate, listing a specific lender's name, that is dated the same day as the rate quoted by us. If such Good Faith Estimate indicates an equivalent or lower interest rate and closing costs package, for the same loan program that is offered by us and we have verified the accuracy of the rate and fees listed then we will have the option of beating that lender's total loan costs by $100 or paying the customer $500 ($750 for properties located in California) when they close with that lender and provide us with a copy of the signed Note and Final HUD-1 Settlement Statement. **Approved, conventional, purchase loans only. Prices and programs are subject to change without notice.
The Interior Federal Credit Union has teamed up with SMARTMOVE® to offer you a special rebate program. As a SMARTMOVE® participant, you'll receive professional real estate assistance-plus a cash rebate, when you buy or sell real estate in the United States.
SMARTMOVE® service and rebates are available free of charge to any member who buys or sells a home and meets program guidelines. For more information, and to see available rebates, click here.
