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Find a Mortgage that's Right for You


Mortgages are not one-size-fits-all. To find a loan that’s best for you, it’s important to know all your options.

Each of our mortgage purchase products come with a fast closing guarantee - If you don't close your new purchase by the contract date, NASA Federal will apply a $1,000 lender credit toward your closing costs!^


$0 Down, No PMI Fixed Rate or Adjustable Mortgage

Take advantage of this exclusive offer from NASA Federal!
This mortgage option is a good fit for you if:

  • You have little or no down payment
  • You want to avoid the normally required PMI
  • You want up to 100% financing for primary residence purchase*
  • You want up to 95% cash out refinancing on primary residence*
  • You are a first-time homebuyer


Apply Now $0 Down, No PMI Fixed Rate or Adjustable Mortgage.


*Membership and eligibility required. Special loan programs offered to well-qualified applicants. Some restrictions may apply. Offers valid for primary residences only. Special Loan Programs are limited time offers and can end at any time without advance notice. Zero Down Programs for new primary residence purchases or refinances in the following designated areas only: CO, CT, DC, DE, FL, GA, MA, MD, ME, MN, NC, NH, OR, PA, RI, TX (new purchases only), VA, VT, WA & WV. Other home loan programs available nationally. Speak with a NASA Federal First Mortgage Loan Specialist for loan details and rates.

Fixed-Rate Mortgage

Available in both conventional and jumbo options, a fixed-rate mortgage offers a set monthly payment through the life of your loan. This mortgage option is a good fit for you if:

  • You want the stability of a fixed principal/interest payment
  • You plan to stay in your house for many years

Apply Now for a Fixed-Rate Mortgage.

Adjustable Rate Mortgage (ARM)

Adjustable rate mortgages start out with an initial rate that is typically lower than a comparable fixed-rate mortgage, and have monthly payments that can move up and down as interest rates fluctuate. ARMs have different options for how long the initial interest rate will be in effect before it adjusts to market conditions. This mortgage option is a good fit for you if:

  • You’re planning on moving before the end of the initial rate period
  • You expect your income to rise enough to cover any increase in interest rate
  • You need a lower initial monthly payment than available through fixed-rate mortgages
  • You think interest rates may fall in the future

Apply Now for an Adjustable Rate Mortgage.

FHA Loans

FHA loans are mortgages insured by the Federal Housing Administration (FHA). They offer more lenient underwriting standards and rates along with lower minimum down payments – but they do require mortgage insurance.** This mortgage option is a good fit for you if:

  • You are a first-time homebuyer
  • You have less-than-perfect credit

Apply for a FHA Loan

**You must meet certain FHA guidelines to qualify for an FHA loan. FHA loans through NASA Federal Credit Union are currently available for properties located in all states with the exception of Alaska, Hawaii, and New Jersey.

VA Mortgage

VA loans are available to military veterans and active military members. (View eligibility requirements.) These loans are guaranteed by the Department of Veterans Affairs and do not require mortgage insurance. This mortgage option is a good fit for you if:

  • You have veteran eligibility
  • You have little or no down payment
  • You have low-to-moderate income
  • You have less-than-perfect credit
  • You need to finance closing costs (refinance only)

Apply Now for a VA Mortgage

First-Time Home Buyer

One of the most challenging obstacles to buying your first home is saving enough money for the down payment and closing costs. Our First-Time Homebuyer Program is the perfect fit, with:

  • As little as 3.5% down payment required
  • Up to 96.5% financing of the purchase price
  • More flexible qualifying guidelines than conventional mortgage loan plans

Apply Now as a First Time Home Buyer

Reverse Mortgage

A Reverse Mortgage provides homeowners (age 62 and above) with the ability to convert the equity in their homes into tax-free income or extra cash without having to sell the home, give up the title, or take on new monthly mortgage payments. With a Reverse Mortgage the payment stream is actually reversed: instead of making monthly payments to a lender (like a regular mortgage) a lender makes payments to the homeowner. Reverse Mortgages are offered through our affiliated mortgage partner, Credit Union Mortgage Association.

This is a great option for you if you:

  • Are at least 62 years old
  • Want to reduce your monthly financial burdens
  • Need to supplement your income to offset medical expenses, pay for home repairs/improvements, etc.
  • Need to pay down existing debt
  • Want to use the equity in your home now to help grandchildren or loved ones

Apply Now for a Reverse Mortgage

Membership and eligibility required. Some restrictions may apply. We do business in accordance with the Federal Fair Housing Law and the Equal Credit Opportunity Act. NMLS #486583.


Payment Example: A $250,000 30-year fixed rate with zero points and an interest rate of 3.625% (3.750% APR) would have a monthly principal and interest payment equal to $1,140.13. The monthly payment shown does not include PMI, taxes, insurance or other applicable escrows. The actual payment obligation will be greater when these are applied.


^Guarantee Conditions: All circumstances resulting in a missed closing date must have been under the control of NASA Federal and not processing delays associated with third party approvals and/or service providers or applicant time delays in providing prompt and complete information and documents as requested. If subordinate financing (a second mortgage or HELOC in conjunction with a first mortgage) is needed / being utilized, only subordinate financing with NASA Federal will continue eligibility under this Guaranteed Closing Date program. Contract closing date must be at least forty (40) days from the date NASA Federal receives both a complete application and a copy of a fully executed contract to purchase. Borrowers must supply all information and documentation within two business days (Monday – Friday) of the request by a NASA Federal representative. Appraisal appointments must be accepted by the sellers or their representative for the earliest available scheduled day and time from the assigned appraiser. Any cancellation or no-show by the sellers at the agreed upon day and time will void the NASA Federal guarantee. NASA Federal must be in receipt of the non-refundable appraisal fee within three business days (Monday – Friday) of either the borrower’s acceptance of the Loan Estimate (LE) or after three business days from the date of the Loan Estimate being sent to the borrowers. If a closing date is missed by NASA Federal, a lender credit of $1,000 will be applied toward usual and customary closing costs and prepaids only. If seller paid (per the contract) closing costs and prepaids result in less than $1,000 remaining in borrower costs, NASA Federal will only provide a lender credit for the amount remaining. Cash back to borrowers is not allowed. To ensure we provide the service level expected by all parties and depending on the application volume at any given time, NASA Federal may end this promotion for new applications without notice and then reinstate the promotion at a later date. All purchase money applications received while this promotion is in effect will qualify for the Closing Date Guarantee.

Confidential information such as account numbers and social security numbers should not be sent by email for security reasons. Instead, please contact us directly at 1-888-NASA-FCU, send us a secure message through eBranch Online Banking or Mobile Banking, or visit your nearest branch.

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