Oxford Federal Credit Union offers a variety of mortgage programs designed to serve the needs of first time home buyers, families with moderate income—any members seeking to refinance or buy a home--including first mortgages, second mortgages, Government mortgages, and Home Equity lines of credit. Our Home AdvantageLine of Credit allows you to borrow up to 95% of the appraised value of your home minus your first mortgage balance, and there are no closing costs! (Property Insurance Required) Applying for a Real Estate loan is easy, and interest you have paid is tax deductible in most cases (consult your tax advisor).