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Your Dream Home is Waiting

March 1 - May 31, 2022

Recieve a $1,000 Closing Cost Credit!+ | 4 Month Rate Lock1 | One-Time Rate Adjustment During Lock!

USSFCU Mortgage Lunch & Learn Register Now

USSFCU offers purchase and refinancing options for primary and secondary residences, vacation homes, and investment properties.

  • Repayment options including 30, 25, 20, 15, and 10-year terms
  • A variety of mortgage loan types including Conventional, FHA, and VA
  • As low as 3% down payment options for qualifying applicants2
  • Complimentary pre-approval for qualifying applicants
  • Applications accepted for ALL 50 STATES*

USSFCU's in-house mortgage team is here to assist you through the entire mortgage purchase or refinancing process.

Start Application  Contact our Dream Team

Need to make a mortgage payment or more information about your mortgage loan? 

Midwest Loan Services

(mortgages serviced since January 2017)


CUMA Loan Services

(mortgages serviced in 2016 and prior


COVID-19 is still having an impact on daily business operations. We appreciate your patience.

  • Application responses may be delayed 48-72 hours
  • Refinancing could take approximately 65 days, Purchases could take approximately 45 days
  • We are experiencing longer than usual turn-around time when working with government offices. This is affecting the ability to process titles, recording, payoffs, etc. in a timely manner. If you have specific questions regarding a payoff, please email [email protected]
  • 1st Mortgage Payoff Request (Serviced by Midwest), please email [email protected]


Not all home loans are the same. The loan type you choose will affect how much you will need for a down payment, the total cost of your loan, and the house price range you can consider. Each loan is designed for different situations. Sometimes, only one loan type will fit your situation. If multiple options fit your situation, let’s talk through different scenarios so you can see which type is the best offer for you.

Conventional Loan an option for buyers with good credit

A majority of mortgages are conventional loans. Conventional means that the loan is not part of a specific government program. Conventional loans can cost less than FHA loans but can be more difficult to get.

  • Lower closing costs
  • No private MI for 20% or more down payment
  • 5% down payment option (can be gifted funds if credit score is 660 or higher)
  • 6% seller contribution maximum allowed with 90% loan-to-value (LTV) maximum
  • 3% seller contribution allowed with LTV of 90% or higher

FHA Loan an option for buyers with limited funds

An FHA Loan is a mortgage that's insured by the Federal Housing Administration. For borrowers with lower credit scores or a smaller down payment, FHA loans can be a practical option. With down payment requirements as low as 3.5%, FHA loans are especially popular with first-time home buyers.

  • Only a 3.5% down payment is required
  • Non-occupying co-borrowers allowed
  • Down payment can be a gift or loan to the borrower from an eligible source, such as a family member or a state housing agency program.

HomeReady® by Fannie Mae an option for modern buyers.

With HomeReady, cash for down-payment and closing costs can come from multiple sources, including gifts and grants—with no minimum personal funds required.

  • Non-traditional credit allowed1
  • Down payment options as low as 3%2
  • Reduced mortgage insurance with the opportunity to cancel3
  • Various forms of income accepted for down payments and closing costs—including gifts and grants4

VA Loan an option for active and retired military and their spouses.

To be eligible for a VA loan, you must have sufficient entitlement available and be a(n): veteran (single or married), active duty service member, National Guard member, reserve member, or surviving spouse of an eligible veteran (certain restrictions apply).

  • 100% financing
  • Seller of a home can pay closing costs: up to 2 discount points, the prepaids, and an additional 4% (toward the buyers discretion)
  • No monthly mortgage insurance required
  • Buyers can add up to $6,000 to their VA loan to have energy-efficient improvements installed

All loan programs, rates, terms, and conditions are subject to change at any time without notice. Restrictions apply. All loans subject to income verification, credit approval and property appraisal. Not a commitment to lend.

1 A minimum of three sources of nontraditional credit are required for HomeReady loans. If a borrower does not have a housing-related source of credit, a minimum 12 months’ of reserves may be required. Restrictions apply.  Financing up to 97% loan-to-value (LTV) can use any fixed-rate term (10-, 15-, 20-, 30-year). Other loan program restrictions may apply. 3 A minimum of 20% established home equity required before borrower is eligible to terminate MI. Other restrictions apply. Standard MI coverage is required on HomeReady® loans with LTV ratios at or below 90 percent, and 25 percent coverage is required for LTV ratios exceeding 90 percent. 4 Restrictions apply. HomeReady® loans are serviced under the requirements for all other Fannie Mae non-government conventional mortgage loans. All eligibility criteria and requirements are subject to the formal terms and conditions of the Fannie Mae Selling Guide, located at

The more you know about the home buying and mortgage process, the more confident you'll feel about making these important decisions that will shape your future. 

First Time Home Buyer Buying your first home is a big step, but it doesn't have to be a scary one. The first-time homebuyer guide will give you an overview of the home buying process as well as access to various prequalification and payment calculators.

Buying Already own a home but looking for a bigger space? Take the time to choose wisely. Here are some ideas to think about as you begin your search.

Refinancing Wondering if refinancing is right for you?  Here you'll find the information and tools you need to make the choice that's right for you. 

Loan Programs Overwhelmed by your options? You don't have to be. This will give you an overview of fixed-rate vs. adjustable rate and the different types of mortgages available within each category (15 yr., 30 yr., 5/1 ARM, 7/1 ARM, etc.).

Interest Rate Income Qualifier View your potential mortgage interest rate based on your yearly income.

Mortgage Glossary View a listing of commonly used mortgage terms.

Credit Union Mortgage Association Mortgage Calculators 

+Offer valid March 1 though May 31, 2022. USSFCU will issue a lender's credit of up to $1,000 towards the closing cost assoicated with refinanced mortgages applied for and approved during March 1 - May 31, 2022. The credit of $1,000 must be applied to a USSFCU mortgage within 90 days of approval date. Void where prohibited. USSFCU reserves the right to modify, update or discotinue this promotion at any time and without advance notice. 

Only available on conventional fixed-rate mortgage loans with a minimum 10% down.

2 Only available to qualifyung applicants through Fannie Mae's HomeReady Mortgage program. Financing up to 97% loan-to-value (LTV) for purchase of one-unit principal residence (Desktop Underwriter® (DU®) is required for LTV ratios >95%); up to 95% LTV for limited cash-out refi (LCOR) and up to 97% LTV for LCOR transactions in DU when the mortgage being refinanced is owned or guaranteed by Fannie Mae.

*Only conventional loans are available in all 50 states. Other mortgage loan types have limited availability state to state. Contact 1-800-231-8855 to find out if the mortgage loan type you are looking for is available in your state. Mortgage refinancing is not available in the state of Texas, purchase only. We do not offer CEMA transactions in the state of New York.

All loans subject to credit approval. For more information on loan programs, rates, terms and conditions visit All loan programs, rates, terms and conditions are subject to change at any time without notice. Not all members who apply for a USSFCU Mortgage Loan will be accepted.

The United States Senate Federal Credit Union complies with the Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (S.A.F.E. Act). A list of our registered originators can be found by searching for the United States Senate Federal Credit Union here.

As a member of the MBa, we join the leading advocate for the real estate finance industry. The MBA provides USSFCU a comprehensive array of capabilities and tools that enable us to successfully deliver fair, sustainable and responsible real estate financing to our members and businesses.

The HMDA data about our residential mortgage lending are available online for review. The data shows the geographic distribution of loans and applications; ethnicity, race, sex, age, and income of applicants and borrowers; and information about loan approvals and denials. These data are available online at the Consumer Financial Protection Bureau's Web site ( HMDA data for many other financial institutions are also available on the previously referenced website.

Members' Voice Testimonials

I feel my money is safe, the service has always been top-notch and we've found it easy to use even though I probably haven't set foot in one of the branches in five years. Joining the credit union is one of the smartest things I've done.

USSFCU has been my first banking option for over 40 years - no fee atms - my grands are now members of the credit union and value their credit union membership also.

USSFCU staff continues to be the best and always has my best interest.

The USSFCU has been an important part of my financial situation and has provided outstanding service.

Every experience with USSFCU has been extremely good right from the start. Our main account with USSFCU is a HELOC with zero over prime rate, which is almost unheard of. The customer service has always been excellent. And when we asked for a temporary payment break to navigate and reorient professionally due to the sudden and temporary financial im...

I've always been treated very professionally and the person caring for my financial needs always listened to me and helped me in a way that was not stressful and beneficial to me.

USSFCU has never failed us in its' role of being the best bank ever. All the personnel are professional, friendly, efficient and have more than earned our trust, appreciation and admiration. We admire the way they are constantly evaluating, adapting and growing their services for the benefit of its' members. We are very grateful to have had this im...

Magnificent people, great help during the hard times.

I've been banking here for over 20 years it's the best customer service. Credit card interest rates don't gouge at USSFCU. It's a wonderful place to bank.

Very personable, solution based and takes an interest in your situation.

Provides excellent customer service and this is demonstrated by their great attention to detail. USSFCU provides excellent financial products and professional communication.

I joined in 1975 when I began my 41 year career in the U.S. Senate. It was a family and still is - one to be depended on in times of need and for advice.

The credit union provides relatively good services and the security updates to the system are noticeable.

All of my children and grandchildren have USSFCU accounts now. I really admire USSFCU and its staff completely, they have always looked out for my interests.

Outstanding online and mobile banking services. Professional, Courteous, knowledgeable responsive staff!

I am very satisfied to belong to this institution and whenever I need support it is good to know that I count on you.

This credit union is the best, I love the customer service and you can't beat the interest rates. I'm happy to be a member of this great credit union.

Great staff helping all the time. Just a very well run company always good service.

Always good service, especially when I telephone in. I have another credit union where, every time I call in, I have to wait a considerable amount of time before reaching a representative. When I worked on the Hill, it always was a pleasurable experience coming to the credit union office, whether to make a deposit or apply for a loan.

Customer service via the phone is very helpful and easy to accomplish requests.

Care about their clients and concerned about making sure they have the best rates and packages.

USSFCU has always been accommodating, easy to work with, and staff are always kind. I have every intention of keeping my account with this bank for a long, long time.

The branch manager introduced herself and was extremely helpful. She stated that if there is anything we ever need to please let her know. Very positive experience!

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