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MECU’s mortgage experts unlock the possibilities of homeownership.

Our home loan experts will guide you through the homebuying process. Our special offers, historically low mortgage rates, and low-money-down mortgages can get you in your first home for less.
Take advantage of interest rates as low as 3.125% APR*
Buy Into Baltimore and get a 0.25% rate** discount
Let us help you take advantage of applicable homebuying incentives and grants

Which mortgage option is right for you?

FHA Loans Fixed-Rate Mortgages Adjusted-Rate Mortgages (ARMs)
More lenient income and credit requirements Choose a term that works for you Choose from 3/1, 5/1, 7/1 or 10/1 ARMs
Put as little as 3.5% down Down payments of 5% to 20%1 Down payments of 5% to 20%1
Up to 100% of your down payment can be a gift from a family member or friend 0.25% rate discount for all first-time homebuyers or Baltimore City home purchases2 0.25% rate discount for all first-time homebuyers or Baltimore City home purchases2
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HomeReady® Mortgage Loan

Fannie Mae’s HomeReady Program is a government backed loan designed for creditworthy borrowers with low to moderate incomes.

  • Down payments as low as 3% for home purchases
  • Can be used for the down payment and closing costs with no minimum contribution required from the borrower's own funds (1-unit)
  • The online Framework® course prepares borrowers for homeownership
​Ready to take the next step? Let's talk. Get in touch with a loan expert.
1 / * Rate current as of 3/2/2021 and subject to change. Stated rate is available for a 30-year, fixed-rate mortgage with a maximum loan-to-value ratio of 80%. Your actual rate may be higher based on your credit score and other factors. Subject to verification of collateral. Adequate property and flood insurance is required. MECU membership is required. The estimated monthly principal and interest payment (excluding taxes and insurance, which will increase your monthly payment) on a $150,000 30-year, fixed-rate mortgage at 3.125% (3.198% Annual Percentage Rate) would be $642.56. Check rates at

2/ ** Buying Into Baltimore and First-Time Home Buyer rate discounts not available on all loan types. Discounts cannot be combined.