Oxford Federal Credit Union - Mortgage Programs

Mortgage Programs

Mortgage Financing That You Can Trust!

Oxford Federal Credit Union is your local mortgage provider - with loan officers that live and work in your community and mortgages that are serviced locally. Our knowledgeable and friendly loan staff is committed to providing quality home mortgage loans at competitive rates.

We have financing options to suit your needs. Whether you are looking to purchase a new home, refinancing an existing mortgage to take advantage of lower rates, or refinancing to take cash-out for home improvements, Oxford Federal has the products to meet your financing needs:

Conventional Fixed-Rate Mortgages
Adjustable-Rate Mortgages
Rural Development Guaranteed, VA, FHA, and Maine State Housing Authority (MSHA) loans also available

For mortgages worth your interest, contact one of our experienced loan officers today! 1-800-991-9219

Sign-up for Free Rate Watch CLICK HERE

To apply for a Mortgage CLICK HERE

Disclaimer: Third-party website links are provided by Oxford Federal Credit Union as a courtesy to our members. These websites are neither owned, operated, nor endorsed by Oxford Federal Credit union and we are not responsible for the content of these sites, nor do we control their availability. You will be leaving the credit union's website. Oxford Federal does not represent either the third party nor the member if the two enter into any transaction. Privacy and security policies may differ from those practiced by Oxford Federal Credit Union. Oxford Federal is a partner of CUSO Mortgage Corporation. CUSO Mortgage is a local Maine company (headquartered in Hampden) that works with Oxford Federal to complete the mortgage loan process. With their partnership, we are able to efficiently streamline the transaction process. While CUSO Mortgage will service your mortgage, you will continue to utilize our loan officers for questions and concerns. We can even set-up automatic payments directly from your Oxford Federal account. This partnership creates efficiencies that allow your Credit Union to provide the best products and service available in the mortgage market.

Home Advantage Line of Credit

Our Home Advantage Line of Credit allows you to borrow up to 90% of the appraised value of your home minus your first mortgage balance, and there are no closing costs*! (Property Insurance Required)

* Line of Credit must remain open for three years. Estimated Closing Costs $400. Membership eligibility required, including $5 minimum share account balance. Your payment will vary due to amount, interest rate and term. Additional disclosures will be sent to you upon application submission.

*Introductory rate. Fixed for 6 months, then Prime - .25% adjusted monthly. (Prime is at 3.25%, as of 12/17/2008, as published in the Wall Street Journal). Annual Percentage Rate may vary. Maximum APR is 18%. Minimum APR is 4%.Free closing costs (some restrictions may apply). Membership eligibility required, including $5 minimum share account balance. Property insurance required. Flood insurance required when applicable.

Home Equity Loans

Our Home Equity Loans offer a fixed payment for the term of the loan. The loan is funded as one lump sum and there are no closing costs*!

* Loan must remain open for three years. Estimated Closing Costs $400. Membership eligibility required, including $5 minimum share account balance. Your payment will vary due to amount, interest rate and term. Additional disclosures will be sent to you upon application submission.

Applying for a Real Estate loan is easy, and interest you have paid is tax deductible in most cases (consult your tax advisor)

Federal Housing Association (FHA)

A government mortgage loan which requires a lower down payment and higher qualifying ratios.

Veterans Administration (VA)

A mortgage loan for eligible veterans with lower down payment requirements and higher qualifying ratios.

Click here for a listing of local Realtors.

Mexico Office:
225 River Road
PO BOX 252
Mexico, Maine 04257
Phone: 207.369.9976
Fax: 207.364.8962

Norway Office:
54 Fair Street
Norway, Maine 04268
Phone: 207.743.2638
Fax: 207.743.7138

Email: oxford@ofcu.org
Toll-free: 800.991.9219