Aerospace Federal Credit Union (AFCU) has supported an in-house first mortgage program since 2008, and at its peak, helped many members with their home financing needs. However, due to changes in the market and economies of scale, we have made the decision to discontinue the program. This change in service takes effect immediately. For members with existing first mortgages, this change in service will not have any impact on your account. You will continue to receive your monthly statement and make payments as usual.

AFCU remains committed to meeting your needs for home equity loans. Our home equity product line features a home equity line of credit (HELOC) as well as a fixed closed-end second mortgage should that type of home financing better fit your unique situation. Our HELOC product is available for your primary home as well as any investment properties in your portfolio and feature competitive rates, low origination fees, and attractive repayment terms. 

While we regret having to move out of the first mortgage financing arena, we believe this provides us with an opportunity to improve our service and enhance the value of AFCU membership.

We appreciate your patronage of AFCU and strive to be your preferred financial institution when you are in the market for financial services.

Sincerely,

Marvin L. Thomas
President/CEO
Aerospace Federal Credit Union