Whether you’re buying, selling, remodeling or refinancing, LAPFCU can assist. We offer fixed and adjustable1 rates, flexible terms and an easy application process. Our free Home Advantage program helps simplify the home buying or selling process – plus you can receive 20% back on your agent’s commission.2

Mortgages: Fixed LAPFCU has outstanding mortgage rates and none of the “filler” fees added on by other lenders—and we offer a variety of terms to suit your needs. Our conventional loans are available for purchasing a new home or refinancing a current home. Second mortgages are also offered. Loan amounts range from $25,000 to $1,500,000. Private Mortgage Insurance (PMI) is required for purchase with a down payment of less than 20%, and there are no prepayment penalties.

Mortgages: Variable1 Lower interest rates (and lower payments) for an initial period so that you may enjoy greater liquidity and/or cash flow and still benefit from home ownership; often practical for those who do not plan to own their home for a long time.

Home Equity Line of Credit3 Our variable1 rate Home Equity Line of Credit (HELOC) provides you an open-ended line of credit that is secured by your property. Only available in California.

Home Equity Loan3 LAPFCU can help you use your home’s equity to get the cash you need, for whatever expenses you face. Fixed rate loans are available for properties located in Arizona, California, Colorado, Idaho, Montana, Nevada, Oregon and Utah.

FHA Loans4 With a down payment as low as 3.5%, this government-backed loan is ideal for members who may not want to, or be able to, put 20% down on a home.

VA Loans4 Veterans Administration (VA) Loans feature offer up to 100% financing with no private mortgage insurance requirement for veterans and surviving spouses of veterans.

Jumbo Loans4 LAPFCU is ready to accommodate your jumbo lending needs, with loan amounts from $729,750 up to $1.5 million.

Reverse Mortgages4 A reverse mortgage allows seniors age 62 or older to tap into the equity in their home to help pay for any need, including medical expenses, home repairs, trips, bills, taxes, etc.

To apply for an FHA, VA, Jumbo, or Reverse mortgage complete the following forms:

Universal Loan Application
Documentation Checklist
Correspondent Lender Disclosure

Fax your completed forms to (818) 782-0175 or mail them to:

Attention: Mortgage Department
Los Angeles Police Federal Credit Union
16150 Sherman Way
Van Nuys, CA 91406

We want you to turn to us first to provide the highest level of service at competitive rates. And, because our Home Loan Center is supported by the mortgage experts at Los Angeles Police Federal Credit Union, we’re only a phone call away if you need help: toll-free at 877-MY-LAPFCU (877-695-2732.)

1The variable percentage rate (APR) may increase or decrease during the term of the agreement. 2Program rebates are awarded to buyers and sellers who select and use an Agent in the CU Realty Approved network. Members are not eligible for the rebate if they select an agent outside the CU Realty network. Using your Credit Union for a mortgage loan is not a requirement to earn your rebate, although LAPFCU is often your best choice for mortgage options. Rebates/incentives are available in most states; however, are void where prohibited by law or by the lender. Visit lapfcu.org for complete details. 3Property insurance is required. The rate cap is 15.99%. $75 fee if no outstanding balance for 12 consecutive months. $500 in waived closing costs will be charged if member closes home equity line of credit or pays off home equity loan within first 24 months of opening it. 4FHA, VA, Jumbo, and Reverse Mortgages provided by CU Partners, a correspondent lender.