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Low cost mortgage that can turn a house into your dream home.

Our home loan experts will guide you through the homebuying process. Our special offers, low mortgage rates, and low-money-down mortgages can get you in your first home for less.

Competitive mortgage interest rates that save you more
Buy Into Baltimore, Maryland and receive a 0.25% rate discount1
First-time homebuyer program with incentives and grants

Which mortgage option is right for you?

Federal Housing Administration (FHA) Loans Fixed-Rate Mortgages Adjustable-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% down2 Down payments of 5% to 20%2 Down payments of 5% to 20%2
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 purchases1 0.25% rate discount for all first-time homebuyers or Baltimore City home purchases1
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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.

  • 3% down payments for home purchases2
  • 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 home loan expert.

Banking with MECU Credit Union in Maryland means belonging to a local financial institution that invests in the Baltimore community and offers competitive rates on mortgage loans and other home lending products.
1 Buying Into Baltimore and First-Time Home Buyer rate discounts not available on all loan types. Discounts cannot be combined.

2 Rate current as of 4/01/2022 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 4.750% (4.921% Annual Percentage Rate) would be $748.93. Check rates at https://mecu1.mortgagewebcenter.com/CheckRates.