Mortgage
Proposed Odùduwà FCU offers you a loan against your property at a fixed and low rate. We also provide for first-time homebuyers, second homes, investment properties and more. We also cater to our members living overseas by providing multiple options. Our free online application helps you prequalify for home purchase.
Fixed-Rate Mortgages
- Payment terms of 30, 20, 15, or 10-years.
- Up to 95% Loan-to-Value (LTV)
- affordable rates
- 60-day rate lock for free
- Monthly payments over the life of the loan
- No penalty for prepayment
- Assistance for Down Payment
- Home insurance and home buying
- Options of finance for members living overseas.
Adjustable-Rate Mortgages (ARMs)
- Choose your term from options like 3/1, 5/1, 7/1, 10/1 and 5/5
- Low down payment up to 95% Loan-to-Value (LTV)
- No PMI required
- Affordable rates
- 60-day rate lock for free
- Rate caps applied at rate adjustment and on lifetime rate adjustments
- Assistance Programs for Down Payment
- No penalty for prepayment
- Home insurance and home buying
- Members living overseas get the option to finance.
First-Time Homebuyer Mortgage
- Only 3% down payment
- Fixed-rate mortgage
- Affordable rates
- 60-day rate lock for free
- No penalty for prepayment
- Monthly payment
- Homebuying resources
- Assistance program for Down Payment
Conforming and Huge Mortgages
- Covers loan amounts over the conventional loan limit
- Huge loans at the same rate
- Huge loans up to 90% Loan-To-Value (LTV). For conforming loans get Up to 95% LTV.
- No penalty for prepayment.
- Assistance program Down Payment
- Members living overseas get the option to finance.
Second Homes, Vacation Homes and Investment Properties
- Payment term up to 30 years
- Fixed or Adjustable-Rate Mortgages (ARMs).
- Fixed rate for investment properties with terms upto 15 years.
- Get Up to 85% Loan-to-Value (LTV)
- affordable rates
- No penalty for prepaymen
Mortgage Rates
| Products | 0 Point APR* | 1 Point APR* |
|---|---|---|
| Fixed Rate Conforming (Up to $548,250) |
||
| 30-Year | 3.250% | 2.750% |
| 20-Year | 3.125% | 2.625% |
| 15-Year | 2.750% | 2.250% |
| Fixed Rate Super Conforming** ($548,251 - $822,375) |
||
| 30-Year | 3.250% | 2.750% |
| 15-Year | 2.750% | 2.250% |
| Fixed Rate Jumbo (Over $822,375) |
||
| 30-Year | 3.375% | 2.875% |
| 15-Year | 2.875% |
2.375% |
| Adjustable Rate Conforming (Up to $548,250) |
||
| 3/1 ARM | 2.750% | N/A |
| 5/1 ARM | 2.875% | N/A |
| Adjustable Rate ** |
||
| 5/1 ARM(Super-Conforming $548,251 to $822,375) | 2.875% | N/A |
| 5/5 ARM (Conforming to $729,750) | 3.000% | 2.500% |
| Adjustable Rate Jumbo ($729,751 - $1,000,000) |
||
| 5/5 ARM | 3.125% | 2.625% |
Services & Resources
Customized Quotes and Closing Costs
Find about mortgage terms, calculators, and read FAQs.
View resourcesMortgage Holder Services
Using online banking, make payments, retrieve payment history and find important mortgage documents online.
Account Access Available 24-7
Use your account from anywhere anytime with our 24-hour banking service facility. Bank work is not a hassle anymore. Our Online Banking, Proposed Odùduwà FCU Mobile App, text banking, and our phone banking service brings banking to you
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Home Insurance
Odùduwà FCU helps you to get a property in your budget and casualty coverage solution. Consult today.
Mortgage Options
Contact us to know our daily rates and find about home loans applicable for you. We also provide pre approved loans.
Disclosures
The interest on the portion of the credit extension that is greater than the fair market value of the dwelling is not tax deductible for Federal income tax purposes; the consumer should consult a tax adviser for further information regarding the deductibility of interest and charges. Call 800-296-8882 or 703-706-5000 to speak with an Proposed Odùduwà FCU member service representative. We do business in accordance with the Federal Fair Housing Law and the Equal Credit Opportunity Act.
Proposed Odùduwà Federal Credit Union is the stop for all your banking and financial needs. We provide you all types of financial services under one roof.
