Home Financing
  • Mortgages
  • Home Equity Loans
  • Real Estate Center
  • Properties for Sale
  • Home Financing Overview
  • Fixed Rate Mortgages
  • Adjustable Rate Mortgages
  • Fast Track Refinance Mortgage
  • Investment Property Loan
  • Lot Loan

Home Financing Overview

It's easy to finance your home with us, whether it's your first home, an upgrade to a dream home, downsizing for empty nest, or remodeling. Contact us when you're ready to find the perfect home at a great rate. We'll help you determine the right mortgage for you.

Apply online by clicking the "Apply Online" button on any of the mortgage pages. The process generally takes 30 days from application to closing. A home loan specialist will guide you through the entire process.

Remember, buying a home is an important financial decision that should be considered carefully. The Shopping for Your Home Loan booklet will help you become familiar with the various stages of the home-buying process, including deciding whether you are ready to buy a home, and providing factors to consider in determining how much you can afford to spend.

CFE Federal Credit Union is an Equal Housing Lender and adheres to the Home Mortgage Disclosure Act.

Fixed Rate Mortgages

Fixed rate mortgages are the most popular and low risk loan option available today. It can be used to purchase a home or to refinance an existing mortgage. The interest rate remains the same through the term of the loan. Monthly payments generally stay the same year to year, giving members the ability to plan out their long-term housing costs. Like all of the loan programs we offer, there is no prepayment penalty, so you can make extra payments monthly or pay off the loan early without penalties or fees.

Features and Benefits:

  • A conventional fixed-rate fully amortized loan
  • Mortgage terms available for 10, 15, 20 and 30 years
  • Minimum loan amount $25,000; maximum loan amount varies
  • Points can be purchased to reduce the interest rate. We offer options of 0, 1% and 2%
  • Up to 95% financing available1
  • No prepayment penalties
  • Refinancing available
  • Reduced Closing Cost Option
  • Earn rebates when you use HomeAdvantage Program to buy or sell a home

Call Member Services at (407) 896-9411 or (800) 771-9411 outside Orlando, option 3, if you have any questions.

1Only applies to purchase transaction and no cash out refinances.




Adjustable Rate Mortgages

First Mortgage — 3/1, 5/1, 7/1 and 10/1 Adjustable Rate Mortgage

This is a conventional adjustable rate loan. The rate and payment are fixed for the first 3, 5, 7 or 10 years adjusting annually thereafter for the remaining term. If you plan to sell or refinance your home within 3 to 10 years, this could be the ideal mortgage for you.

Features and Benefits:

  • 30-year term
  • Minimum loan amount $25,000; maximum loan amount varies
  • Point options include 0, 1% and 2%
  • Initial interest rate is usually lower than a fixed rate mortgage
  • Security of a 2% annual cap and a 6% lifetime cap
  • No prepayment penalties
  • Refinancing available
  • Earn rebates when you use HomeAdvantage Program to buy or sell a home

Call Member Services at (407) 896-9411 or (800) 771-9411 outside Orlando, option 3, if you have any questions.







Fast Track Refinance Mortgage

Fast track your mortgage by paying off your mortgage in 5 or 10 years at a low fixed APR1. This unique loan will help you to retire without a mortgage or payoff your mortgage and retire early! Start paying off your mortgage today, save money, and enjoy life without a mortgage with our flexible refinance options.

  • 5 year term at 2.990% fixed APR
  • 10 year term at 3.990% fixed APR
  • $250 off closing costs
  • Minimum loan amount $7,500; maximum loan amount $400,000
  • Financing available for up to 80% loan to value
  • Only primary residence; no condos or investment properties
  • Loans will never be sold and do not have to be escrowed
  • Quick closing and low closing costs

Payment Examples:
$80,000 at 2.990% APR for 5 years, payment of $1,437.14 (Principal & Interest) monthly. $80,000 at 3.990% APR for 10 years, payment of $809.58 (Principal & Interest) monthly.

Call Member Services at (407) 896-9411 or (800) 771-9411 outside Orlando, option 3, if you have any questions.

1 Annual Percentage Rate





Investment Property Loan

A loan that is designed to help you invest in a property to help build your financial future through purchasing a non-owner occupied property to generate additional income. Like all of the loan programs we offer, there is no prepayment penalty. So you can make extra payments monthly or pay off the loan early without penalties or fees.

  • 15-year term
  • Minimum loan amount $25,000; maximum loan amount $417,000
  • Available for purchase or refinance
  • Competitive rates
  • No pre-payment penalties
  • Earn rebates when you use HomeAdvantage Program to buy or sell a home

Call Member Services at (407) 896-9411 or (800) 771-9411 outside Orlando, option 3, if you have any questions.

1 Annual Percentage Rate











Lot Loan (Undeveloped Land)

You have found the perfect piece of land and now you want to plan for future construction of your primary residence. Our Lot Loan will give you the purchase power to buy the land for your family's dream home. Lot loans are intended only for land to be used for your primary residence and not speculation financing. Like all of the loan programs we offer, there is no prepayment penalty. So you can make extra payments monthly or pay off the loan early without penalties or fees.

  • 5-year fixed rate term or 5-year balloon with a 15-year amortization
  • Maximum loan amount $300,000
  • Financing available up to 70% of purchase price or appraised value, whichever is less
  • No prepayment penalties
  • Refinancing available
  • Earn rebates when you use HomeAdvantage Program to buy or sell a home

Payment Example:

     
Loan Amount:   $25,000
Sample Interest Rate:   8.250%
APR1:   8.396%
Term:   5 Years
Monthly Payment2:   $509.91
Total Finance Charges:   $5,594.33
     

Call Member Services at (407) 896-9411 or (800) 771-9411 outside Orlando, option 3, if you have any questions.

1 Annual Percentage Rate
2 Principal + Interest

  • Home Equity Line of Credit
  • Second Mortgage
  • First Lien HELOC

Home Equity Line of Credit (HELOC)

This is an open-end revolving line of credit secured by the equity in your home. If you're planning a home improvement project or want to consolidate bills, this is the perfect loan to help you get the extra funds you need for whatever you're planning.

  • 35-year term (20-year "draw period" with a final 15-year repayment period)
  • Minimum loan amount $7,500; maximum loan amount $400,000
  • Financing available up to 80% of your home's appraised value minus your first mortgage balance
  • Rate based on Wall Street Journal prime + a margin
  • Interest paid may be tax deductible (consult your tax advisor for details)
  • Accessible by check, MATT Web, MATT Phone and in-person

Call Member Services at (407) 896-9411 or (800) 771-9411 outside Orlando, option 3, if you have any questions.

Second Mortgage

A fixed-rate fully amortized second mortgage is perfect for additions or renovations on your home.

  • Terms up to 15 years
  • Minimum loan amount $7,500; maximum loan amount $400,000
  • Financing available up to 80% of your home's appraised value minus your first mortgage balance
  • Rate based on loan-to-value ratio and term financed
  • No prepayment penalties

Payment Example:

     
Loan Amount:   $25,000
Sample Interest Rate:   8.000%
APR1:   8.000%
Term:   15 Years
Monthly Payment 2:   $232.10
Total Finance Charges:   $18,127.66
     

Call Member Services at (407) 896-9411 or (800) 771-9411 outside Orlando, option 3, if you have any questions.

1 Annual Percentage Rate
2 Principal + Interest

First Lien Home Equity Line of Credit (HELOC)

Planning a home improvement project or wanting to consolidate your bills? If you have a low mortgage balance or own your home outright, this is the perfect loan for you. Use the extra cash to tackle a home improvement project, consolidate bills, travel or use the extra cash for whatever you'd like! This First Lien HELOC provides flexible options to fit your unique borrowing needs.

  • 35 year term (20 year "draw period" with a final 15 year repayment period)
  • Financing available for up to 80% of your home's appraised value
  • Minimum loan amount $7,500; maximum loan amount $400,000
  • Rate based on Wall Street Journal prime + 0
  • Interest paid may be tax deductible (consult your tax advisor for details)
  • Accessible by check, MATT Web, MATT Phone and in-person

Call Member Services at (407) 896-9411 or (800) 771-9411 outside Orlando, option 3, if you have any questions.

  • Homeownership Tools
  • Preparing for Homeownership
  • Reviewing Your Credit Report
  • Understanding Mortgages
  • Buying and Selling
  • HomeAdvantage Program
  • Other Resources

Preparing for Homeownership

If you dream of owning your own home someday, it's never too early to start planning. When you will be able to purchase the home, where it will be located, and what it will look like, will depend largely on your financial readiness. We want to help prepare you for homeownership.

Explore these courses and articles to transform dream of homeownership into a plan of action.



Reviewing Your Credit Report

Your credit report can affect your ability to purchase a home and the mortgage interest rate. Understanding what factors influence your credit score, and monitoring your credit report, is crucial in protecting and maintaining healthy credit. Our financial fitness partner, BALANCE, provides free and confidential credit report review counseling. They will explain the content of your report, how to handle inaccuracies, and how to protect yourself from identity theft. To schedule a counseling session or to obtain a low cost copy of your report and score call (888) 456-2227.

Review these materials for ways to protect and boost your credit standing.

Understanding Mortgages

Finding a home to buy is exciting, and if you are like the vast majority of people, you will need to take out a mortgage to purchase it. Securing the best mortgage to fit your lifestyle can be complicated.

Improve your knowledge of home mortgages BEFORE you start your home buying with these helpful tools.

Call Member Services at (407) 896-9411 or (800) 771-9411 outside Orlando, option 3, if you have any questions.

Buying and Selling

Buying and selling a home is a significant financial and emotional decision. The process is detailed and complex, and some housing markets can add to the challenge. Use these home buying and selling tips, articles and resources to pave the way for a smoother experience.

Don’t miss a single step when buying or selling your home with these helpful checklists and reports.

Get Rebates with HomeAdvantage

CFE has a real estate service designed to assist you step by step with buying or selling a home. With our HomeAdvantage Program1, you can earn money when you need it most and enjoy the convenience of one-stop shopping.

When you register, you’ll be able to:

  • Research tips and tools for buying or selling your home
  • Search MLS listings, schools, neighborhoods, and home values
  • Save with our HomeAdvantage Program
  • Select an experienced, licensed Realtor

How it Works:

Register: Register with HomeAdvantage, powered by CU Realty Services.
Select a Realtor: Use our approved network to select a Realtor.
Close & Save: You’re automatically eligible to receive a cash rebate based on the home sale or purchase. Use your rebate at closing or to furnish your new home.

Rebate Savings2
Purchase Price Rebate
$80,000 $480
$100,000 $600
$150,000 $900
$200,000 $1,200
$250,000 $1,500
$300,000 $1,800

It's easy, register today!

1A HomeAdvantage approved Realtor must be used in order to receive a rebate. Program rules can be found at curealty.com. 2The chart illustrates the approximate rebate calculation a buyer or seller would receive based upon an estimated commission rate of 3%. The rebate will be adjusted accordingly if the commission is higher or lower than 3%.

Other Resources

Our members get discounts on moving vans, home improvement stores, and more.

Property Inventory Checklist — If you needed to submit an insurance claim, would you be able to remember all of your possessions and their cost? Use this checklist to make an inventory of your belongings and keep it in a safe place where it will not be destroyed if a fire or other disaster occurs.

Thinking about remodeling? These articles offer great tips.

Whether you’re already in foreclosure or facing foreclosure, these web courses and publications will inform you about the available options.

Web Courses:

  • Life After Foreclosure — Going through a foreclosure can be difficult, but you can make a fresh start with your personal finances.
  • Early Delinquency Intervention — There are many reasons homeowners face difficulty in making mortgage payments. Whatever the reason, it is important to act quickly.

Publications:

If you’re a member experiencing financial hardship, we would like to help.

  • Properties for Sale

Properties for Sale


$87,000 - Poinciana

  • 1277 Sq. Ft.
  • 3 Bed, 2 Bath

$225,000 - Winter Springs

  • 2452 Sq. Ft.
  • 4 Bed, 2.1 Bath

$168,000 - Apopka

  • 1749 Sq. Ft.
  • 3 Bed, 2 Bath

$31,500 - Titusville

  • 1122 Sq. Ft.
  • 2 Bed, 1.1 Bath

$185,000 - Narcoosse

  • 1750 Sq. Ft.
  • 3 Bed, 2 Bath


$195,300 - Orlando

  • 1650 Sq. Ft.
  • 3 Bed, 2 Bath

$90,000 - Ocoee

  • 1066 Sq. Ft.
  • 3 Bed, 2 Bath

$100,000 - Poinciana

  • 1716 Sq. Ft.
  • 4 Bed, 2 Bath

$150,000 - Clermont

  • 1364 Sq. Ft.
  • 3 Bed, 2 Bath