HOME LOANS
We’re more than lenders—we’re your neighbors, here to make buying a home simple and stress-free. From application to closing, we’ll guide you every step of the way. Through our partner CUSO Home Lending, you’ll enjoy low down payment options, fast processing, and expert support throughout the journey.
Discover the Benefits of a Home Loan with OFCU
Low Rates
Competitive rates designed to keep your monthly payments affordable and help you save over the life of your loan.
Flexible Terms
Choose from a variety of repayment options to find a mortgage that fits your budget and long-term goals.
Local Service
Work with a trusted local credit union that understands your community and is committed to personalized service.
Refinancing Options
Lower your rate, adjust your term, or tap into your home’s equity with refinancing solutions tailored to your needs.
One-on-One Assistance
Receive personalized guidance from our friendly lending team every step of the way—from application to closing.
First-Time Homebuyers Program
Access special programs and support designed to make buying your first home simple, affordable, and stress-free.
LOW TODAY. FLEXIBLE TOMORROW.
Adjustable-Rate Mortgage
An adjustable-rate mortgage (ARM) starts with a fixed rate (3, or 5 years) that then adjusts annually based on a market index, potentially changing your monthly payment. ARMs are smart if you expect income growth or plan to sell/refinance before significant adjustments.
Our adjustable-rate mortgage offers a fixed intro rate, annual adjustments with interest-rate caps, are available for purchases and have no prepayment penalties.
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FIXED RATE. FIXED PEACE OF MIND.
Fixed-Rate Mortgage
Enjoy long-term stability and plan for the future with confidence, knowing exactly what to expect from your mortgage payment each month, with a fixed-rate mortgage. With repayment terms ranging from 10 to 30 years, options for both purchase and refinancing, special programs for first-time homebuyers, and application assistance from our friendly lending team, you’ll have the support you need every step of the way.
Make unforgettable memories while building long-term financial security with a credit union fixed-rate mortgage from OFCU.
HOME FINANCING FOR THOSE WHO SERVED
VA Loans
VA Home Loans provide eligible veterans, active-duty service members, and reservists with a powerful path to homeownership. Backed by the U.S. Department of Veterans Affairs, VA loans offer 100% financing with no down payment required, along with competitive rates and valuable financial advantages. It’s our way of honoring your service—by helping you secure a home with confidence and affordability.
HOMEOWNERSHIP MADE EASY
FHA Loans
FHA Loans are designed to make homeownership more accessible for borrowers with modest incomes. Backed by the Federal Housing Administration, these loans feature lower down payment requirements and flexible credit guidelines, making it easier to qualify.
It’s a practical, affordable option to help you take the next step toward owning your home.
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OPEN SPACES. SMART FINANCING.
USDA Rural Home Loans
USDA Rural Housing Loans make homeownership more accessible for those looking to live in eligible rural areas or certain suburban communities. Backed by the U.S. Department of Agriculture, these loans offer 100% financing with no down payment required for eligible buyers, along with competitive rates and flexible qualification guidelines.
It’s an affordable way to put down roots and enjoy the space and lifestyle you’re looking for.
LOWER COSTS. BIGGER POSSIBILITIES.
Maine State Housing Authority (MSHA) Loans
Maine State Housing Authority (MSHA) loans make homeownership more affordable with low interest rates, reduced down payment requirements, and assistance with closing costs.
Designed to support eligible homebuyers across Maine, MSHA programs provide valuable financial help to make purchasing a home easier and more attainable.
Get a Home Loan in 3 Easy Steps!
Step
1 |
Apply for a Home Loan
Conveniently apply for a home loan online by clicking the button below, giving us a call or visiting a branch. |
Step
2 |
Loan Approval
We’ll review your application and reach out to you with a fast loan decision. |
Step
3 |
Finalize the Loan
Sign loan documents electronically or drop by a branch. |
★★★★★
“The customer service is top tier here. Everyone was so helpful and kind to me. I am so happy I opened an account here. If you're looking for an amazing bank to do business with definitely come here.”
- Emily J., Norway, ME
Home Loan Loan FAQ
What types of mortgage loans does OFCU offer?
We offer a range of home loan options including fixed-rate and adjustable-rate mortgages, VA loans, FHA loans, USDA Rural Housing loans, and specialty programs to fit different needs and financial profiles.
How do I know which mortgage is right for me?
The best loan depends on your financial goals, how long you plan to stay in your home, and your eligibility. Fixed-rate loans offer stability, ARMs may benefit those planning a short-term stay, and government-backed options like FHA, VA, and USDA loans offer flexible qualification and lower down payment options for eligible borrowers.
Can I refinance my existing mortgage through OFCU?
Yes! We offer refinancing options to help you lower your rate, adjust your loan term, or access equity.
What credit and down payment requirements are needed?
Requirements vary by loan program. Government-insured loans like FHA and USDA often have more flexible credit guidelines and lower down payment needs, while conventional loans may require stronger credit and higher down payments. Your mortgage specialist can walk you through the details based on your situation.
Is there assistance available for first-time homebuyers?
Yes! We offer special programs designed specifically to support first-time buyers, including tailored guidance and flexible options.
How do I estimate how much I can afford?
Yes! Use our financial calculators to estimate how much you can borrow and what your monthly payment might look like before applying.
More Ways to Borrow
Auto Loans
Get a great deal! Our competitive rates, flexible terms, and fast decisions make auto financing easy and affordable. Apply today for hassle-free financing that fits your budget and puts you in the driver’s seat faster.
Personal Loans
Whether you need to consolidate debt, cover unexpected expenses, or make a major purchase, our personal loans can help you quickly get the funds you need.
Home Equity Loans
Our home equity loan offers a single lump-sum payout with a low, fixed rate. This predictable structure allows you to plan your finances with confidence and repay the loan comfortably over time.