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Mortgages to Make Dreams Come True


Mortgages are not one-size-fits-all. To find a loan that’s best for you, it’s important to know all your options. That's where NASA Federal can help.


Whether you’re buying your first home, making your next move or simply refinancing, NASA Federal has the flexibility, options and features that will make getting a mortgage easier than ever.


I'm purchasing a new home.


I want to refinance my mortgage.

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Looking to purchase a home?

We’ll walk you through the process step-by-step and make sure you’re getting the mortgage that’s right for you – and your budget.

We have a variety of mortgages to fit your unique situation. Below are just a few of our most popular options.

$0 Down, No PMI Mortgage Purchase

Available in both fixed-rate and in jumbo loans. This 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*
  • You are a first-time homebuyer

Apply Now $0 Down, No PMI Mortgage.


Fixed-Rate Mortgage

Available in a conventional option, 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.

FHA Loans

FHA loans are mortgages insured by the Federal Housing Administration (FHA) which is part of the Department of Housing and Urban Development (HUD). 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
  • More flexible qualifying guidelines than conventional mortgage loan plans

Apply Now as a First Time Home Buyer

HomeReady Mortgage

A HomeReady Mortgage, backed by Fannie Mae, is an affordable fixed-rate mortgage option for both first-time homebuyers and repeat homebuyers alike that are looking to purchase a primary residence. If your savings is limited, you may be eligible for a down payment as low as 3% and reduced mortgage insurance. This loan option also allows co-borrowers to assist without the requirement of living in the same home. This is also an option for homeowners that would like to refinance their current mortgage to potentially save on their monthly mortgage payment.

This is a great option for you if:

  • You have a small down payment - as low as 3% needed
  • You are a first-time or experienced homebuyer looking to purchase a primary residence
  • You own your home and want to refinance

Apply Now for a HomeReady Mortgage.

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


Looking to refinance your home?

Refinancing your mortgage could lower your monthly payments and put a little extra cash in your pocket.

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95% Cash-Out Refinance

Homeowners can use their home's equity as they wish. Available on jumbo loans. This option is a good fit for you if:

  • You have built up equity in your primary residence
  • You want up to 95% cash out refinancing on your primary residence*
  • You want to avoid PMI

Apply Now Cash-Out Refinance.


What if I still have more questions?

We're here to help. Contact one of our Mortgage Specialists at 1-888-NASA-FCU (627-2328) or fill out this form and we'll be happy to answer all your questions - no obligation and no commitment necessary.


I would like to learn more about:

*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 up to 95% on 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 (except AK, HI, and NJ). Speak with a NASA Federal First Mortgage Loan Specialist for loan details and rates.


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 7.000% (7.148% APR) would have a monthly principal and interest payment equal to $1,663.26. 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.

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 Online Banking or Mobile Banking, or visit your nearest branch.

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