Mortgages

Fixed-rate and adjustable-rate loans

Competitive rates and lower fees

Local, personalized service every step of the way
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Find the Right Home Loan for You

Buying a home can be overwhelming, but LAPFCU’s lending team will guide you through the process, answer your questions, and offer personalized solutions.

Use our Mortgage Calculator to find the right home loan. 

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ADJUSTABLE-RATE MORTGAGE (ARM)5

Ideal if you only plan to live in your home for a few years or you're buying and selling homes at the same time.

  • Lower initial rate means smaller payments for the first 5 years
  • Lower initial payments may help you qualify for a larger loan
  • After 5 years, your rate may adjust periodically, so payments may fluctuate
  • Loan caps limit rate increases over the life of the loan
  • Put as little as 10% down, or refinance up to 80% of your home’s value
  • Pay more toward your principal to build equity faster 
  • No pre-payment penalty, allowing refinancing into a fixed-rate loan later if rates drop
     

FIXED-RATE MORTGAGES4

Great for long-term homeowners who want stable payments and predictability.

  • Competitive rates and low closing costs
  • Steady monthly payments make budgeting easier
  • Put as little as 10% down, or refinance up to 80% of your home’s value.
  • Qualify for a larger loan with lower monthly payments
  • Payoff your loan faster and build equity 
  • Set up automatic payments via digital banking
  • No pre-payment penalty
  • In-house mortgage servicing for the life of the loan
  • Available in all 50 states

WELCOME HOME FIRST-TIME HOMEBUYER LOAN3

First-time homebuyers, this program can help you purchase a home with a lower down payment. Your dream home is closer than ever!

  • Put only 3% down!
  • Stable 30-year fixed rate.
  • Lower private mortgage insurance cost than comparable programs, which helps reduce monthly mortgage payment.
  • No pre-payment penalty, so you can refinance when you have enough equity.
  • Use gift funds toward your down payment and closing costs.
  • Special feature: Rental income from an accessory dwelling unit (ADU) or boarder (room rental) can help you qualify for the loan.
    -ADU rental income must be verified during underwriting.
    -Boarder income can count for up to 30% of your qualifying income, with a 12-month history required.
    -Contact a Loan Officer for specific requirements.

WE’RE HERE TO HELP

Get free pre-approval, so you can shop for your home knowing that you can afford the mortgage. For assistance, email us.

Sign up for Rate Watch to monitor our mortgage rates. 

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This has by far been the smoothest transaction I have had when buying or refinancing a home. I can’t thank you enough! You took the time to listen and help me consider my best options, so now I have a new home! Another bank may not have done all this. The entire team was extremely responsive and helpful. This is the type of customer service that will keep me coming back to do business with your credit union.

Letsia R.

I was starting to wonder if I’d ever be able to buy a home. An LAPFCU mortgage associate sat with me and helped me find the best loan for me, and I was able to get a better house than I thought!

Jim P.
The entire process was so easy! Everyone was very friendly and professional. From my first contact with Angela and Jorge to Van to the actual signing at your location. The process was fast. Within a couple of weeks we were approved and funded. Every time I spoke with someone, they were kind and helpful. I never felt like I was asking too many questions. Great experience with all of your staff.
Patricia L.

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LAPFCU is a full service financial services provider for sworn and civilian law enforcement professionals of federal, state, county, and city agencies and their family members in Southern California.