Buy Your New Home

With a fast application and closing process
It’s your Advantage

Advantages of a Home Loan with 1st Advantage

Our fast, convenient application and quick closing process make getting in the door of your new home easy.

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Award-Winning Mortgage Process

We’re seasoned pros in the industry, which means we know how to get you from pre-approval to picking up your keys.

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Conventional, FHA, VA, VHDA, and USDA Financing

We offer a variety of mortgage options which means you choose what works best for you.

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Expert and Friendly Staff

Whether it’s guiding you through the application or discussing closing costs, we welcome the opportunity to connect with you.

Mortgage Options to Meet Your Needs

Purchasing or refinancing a home is a major decision and we want to be there for you, whether you’re buying your first home or making the next move, our award-winning mortgage professionals will help find the right mortgage option to best meet your financial goals. We will help you find which of these mortgage options are the best fit for you:

Federal Home Loan Banks Grant* (FHLB)

FHLB Grants are available to first-time homebuyers, community partners, veterans, and returning veterans.

  • $7,500 is available for first-time homebuyers
  • $10,000 is available for community partners (first responders, educators, health care workers, veterans, and active-duty military members or surviving spouses)

The Home Buying Process

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Prequalify For Your Loan

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Start Shopping

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Choose Your Mortgage

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Close The Sale & Move In

Estimate your monthly mortgage payment

Enter a total loan amount and planned down payment into this calculator to estimate your monthly mortgage payment.

Calculated payments shown are for estimation purposes only. Actual loan payment amount will be disclosed at loan closing and may differ slightly.

Request More Information About Mortgages

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Rates

We’ll help you get the best rate for your new home.

Fixed Rate Mortgages

Loan Type

Minimum Interest Rate

APR

*APR: Annual Percentage Rate. This interest rate is current as of 6/17/2024. Rates and terms based on credit criteria. Credit restrictions apply. The interest rate charged and the annual percentage rate are constant for the life of the loan. Assuming a $200,000 loan amount, a 15-year term, and a 6.568% APR, you would make monthly payments of $1,728.50. Payments are estimates only and only include principal and interest. Minimum/Maximum: The minimum refinance loan amount is $50,000. Interest rates are subject to change and are based on credit score, loan product, loan term, and loan value.

**APR: Annual Percentage Rate. This interest rate is current as of 6/17/2024. Rates and terms based on credit criteria. Credit restrictions apply. the interest rate charged and the annual percentage rate are constant for the life of the loan. Assuming a $200,000 loan amount, a 20-year term, and a 6.529% APR, you would make monthly payments of $1,476.46. Payments are estimates only and only include principal and interest. Minimum/Maximum: The minimum refinance loan amount is $50,000. Interest rates are subject to change and are based on credit score, loan product, loan term, and loan value.

***APR: Annual Percentage Rate. The interest rate is current as of 6/17/2024. Rates and terms based on credit criteria. Credit restrictions apply. The interest rate charged and the annual percentage rate are constant for the life of the loan. Assuming a $200,000 loan amount, a 30-year term, and a 6.744% APR, you would make monthly payments of $1,297.20. Payments are estimates only and only include principal and interest. Minimum/Maximum: The minimum refinance loan amount is $50,000. Interest rates are subject to change and are based on credit score, loan product, loan term, and loan value. Private Mortgage Insurance (PMI) may not be required for purchases of up to 95% LTV.

Loan Type

15-Year Fixed

Minimum Interest Rate

6.375%

APR

6.568%*

Loan Type

20-Year Fixed

Minimum Interest Rate

6.375%

APR

6.529%**

Loan Type

30-Year Fixed

Minimum Interest Rate

6.625%

APR

6.744%***

Adjustable Rate Mortgages

Loan Type

Minimum Interest Rate

APR*

*APR: Annual Percentage Rate. Fixed 6.250% / 6.323% APR for the first five years. The interest rate is current as of 6/17/2024. No Private Mortgage Insurance. Up to 80% LTV for purchases. Maximum loan amount is $510,400. After the five-year fixed-rate period, your interest rate is subject to change- up or down according to market rates at the time of reset and each five years thereafter. Offer applies to borrowers with a credit score of 720 or better depending on credit qualifications. All Credit Union loan programs, rates, terms, and conditions are subject to credit approval and may change at any time without notice. The payment on a 30-year, $200,000, 5-year Adjustable-Rate Loan at 6.250% / 6.323% APR and 80% loan-to-value (LTV) is $1,231.43. Rate is variable and can increase by no more than 2% every 5 years with a lifetime maximum adjustment of 5%. Since the index in the future is unknown, the First Adjustment Payment is based on the current index plus a margin (fully indexed rate) as of the date above. After 5 years, the maximum payment is $1,502.53. Property insurance and, if applicable, flood insurance is required. These payments do not include taxes and insurance premiums. The actual payments will be greater and rates provided are based on current market rates, and are informational only. Payments are estimates and include only principal and interest. Some restrictions may apply. This rate is applicable for owner-occupied purchase of a single-family dwelling.

**APR: Annual Percentage Rate. Fixed 6.750% / 6.461% APR for the first five years. The interest rate is current as of 6/17/2024. No Private Mortgage Insurance. Up to 80% LTV for purchases. Minimum loan amount is $510,400. After the five-year fixed-rate period, your interest rate is subject to change- up or down according to market rates at the time of reset and each five years thereafter. Offer applies to borrowers with a credit score of 720 or better depending on credit qualifications. All Credit Union loan programs, rates, terms, and conditions are subject to credit approval and may change at any time without notice. The payment on a 30-year, $510,000, 5-year Adjustable-Rate Loan at 6.750% / 6.461% APR and 80% loan-to-value (LTV) is $4,710.44. Rate is variable and can increase by no more than 2% every 5 years with a lifetime maximum adjustment of 5%. Since the index in the future is unknown, the First Adjustment Payment is based on the current index plus a margin (fully indexed rate) as of the date above. After 5 years, the maximum payment is $5,5713.41. Property insurance and, if applicable, flood insurance is required. These payments do not include taxes and insurance premiums. The actual payments will be greater and rates provided are based on current market rates and are informational only. Payments are estimates and include only principal and interest. Some restrictions may apply. This rate is applicable for owner-occupied purchase of a single-family dwelling.

Loan Type

5/5 ARM

Minimum Interest Rate

6.250%

APR*

6.323%*

Loan Type

5/5 Jumbo ARM

Minimum Interest Rate

6.750%

APR*

6.461%**

Mortgages for Professionals

Term

Rate (as low as)

Annual Percentage Rate (APY)*

6. APR: Annual Percentage Rate. Rates and terms based on credit criteria. Credit restrictions apply. Fixed 6.250% rate/ 6.323% APR for the first five years. The interest rate is current as of 6/17/2024. No Private Mortgage Insurance. Up to 100% LTV for purchases. Minimum loan amount is $100,000 and maximum loan amount is $1,500,000. After the five year fixed-rate period, your interest rate is subject to change- up or down according to market rates at the time of reset and each five years thereafter. Offer applies to medical professionals (licensed residents/interns/fellows in MD, DO, DPM, DDS, DVM, NP, PA and other practicing medical professionals with master’s level education and above. Borrower must have a credit score of 670 or better depending on credit qualifications. All Credit Union loan programs, rates, terms, and conditions are subject to credit approval and may change at any time without notice. The payment on a 30-year, $200,000, 5-year Adjustable-Rate Loan at 6.250% rate/ 6.323% APR and 80% loan-to-value (LTV) is $1,231.43. Payments are estimates and include only principal and interest. Rate is variable and can increase by no more than 2% every 5 years with a lifetime maximum adjustment of 5%. Since the index in the future is unknown, the First Adjustment Payment is based on the current index plus a margin (fully indexed rate) as of the date above. After 15 years, the maximum possible payment is $1,502.53. Property insurance and, if applicable, flood insurance is required. These payments do not include taxes and insurance premiums. The actual payments will be greater, and rates provided are based on current market rates, and are informational only. Some restrictions may apply. This rate is applicable for owner-occupied purchase of a single-family dwelling. All Credit Union loan programs, rates, terms, and conditions are subject to credit approval and may change at any time without notice. Interest rates are subject to change and are based on credit score, loan product, loan term, loan value, and reserves.

7. APR: Annual Percentage Rate. Rates and terms based on credit criteria. Credit restrictions apply. The interest rate is current as of 6/17/2024. No Private Mortgage Insurance. Up to 100% LTV for purchases. Minimum loan amount is $100,000 and maximum loan amount is $1,500,000. Offer applies to medical professionals (licensed residents/interns/fellows in MD, DO, DPM, DDS, DVM, NP, PA and other practicing medical professionals with master’s level education and above. Borrower must have a credit score of 670 or better depending on credit qualifications. All Credit Union loan programs, rates, terms, and conditions are subject to credit approval and may change at any time without notice. The payment on a 25 year, $200,000 fixed rate loan at 6.875% / 7.012% APR and 80% loan to value (LTV) is $1,397.65. Payments are estimates and include only principal and interest. Property insurance and, if applicable, flood insurance is required. These payments do not include taxes and insurance premiums. The actual payments will be greater, and rates provided are based on current market rates, and are informational only. Some restrictions apply. This rate is applicable for owner-occupied purchase of a single-family dwelling. The interest rate charged, and the annual percentage rate are constant for the life of the loan. All Credit Union loan programs, rates, terms, and conditions are subject to credit approval and may change at any time without notice. Interest rates are subject to change and are based on credit score, loan product, loan term, loan value, and reserves.

8. APR: Annual Percentage Rate. Rates and terms based on credit criteria. Credit restrictions apply. The interest rate is current as of 6/17/2024. No Private Mortgage Insurance. Up to 100% LTV for purchases. Minimum loan amount is $100,000 and maximum loan amount is $1,500,000. Offer applies to medical professionals (licensed residents/interns/fellows in MD, DO, DPM, DDS, DVM, NP, PA and other practicing medical professionals with master’s level education and above. Borrower must have a credit score of 670 or better depending on credit qualifications. All Credit Union loan programs, rates, terms, and conditions are subject to credit approval and may change at any time without notice. The payment on a 30 year, $200,000 fixed rate loan at 7.125% / 7.250% APR and 80% loan to value (LTV) is $1,347.44. Payments are estimates and include only principal and interest. Property insurance and, if applicable, flood insurance is required. These payments do not include taxes and insurance premiums. The actual payments will be greater, and rates provided are based on current market rates, and are informational only. Some restrictions apply. This rate is applicable for owner-occupied purchase of a single-family dwelling. The interest rate charged, and the annual percentage rate are constant for the life of the loan. All Credit Union loan programs, rates, terms, and conditions are subject to credit approval and may change at any time without notice. Interest rates are subject to change and are based on credit score, loan product, loan term, loan value, and reserves.

Term

5/5 ARM

Rate (as low as)

6.250%

Annual Percentage Rate (APY)*

6.323%6

Term

25-Year Fixed

Rate (as low as)

6.875%

Annual Percentage Rate (APY)*

7.012%7

Term

30-Year Fixed

Rate (as low as)

7.125%

Annual Percentage Rate (APY)*

7.250%8

First-Time Homebuyer Mortgage

Term

Rate (as low as)

Annual Percentage Rate (APY)*

9. APR: Annual Percentage Rate. Rates and terms based on credit criteria. Credit restrictions apply. Fixed 6.750% rate/ 6.507% APR for the first five years. The interest rate is current as of 6/17/2024. No Private Mortgage Insurance. Up to 100% LTV for purchases. Minimum loan amount is $50,000 and maximum loan amount is $726,200. After the five year fixed-rate period, your interest rate is subject to change- up or down according to market rates at the time of reset and each five years thereafter. Offer applies to first time home buyers only. Loan must be for borrowers’ first home purchase or they have not owned a home in the last three years. Borrower must have a credit score of 640 or better depending on credit qualifications. All Credit Union loan programs, rates, terms, and conditions are subject to credit approval and may change at any time without notice. The payment on a 30-year, $200,000, 5-year Adjustable-Rate Loan at 6.750% rate/ 6.507% APR and 100% loan-to-value (LTV) is $1,621.50. Payments are estimates and include only principal and interest. Rate is variable and can increase by no more than 2% every 5 years with a lifetime maximum adjustment of 5%. Since the index in the future is unknown, the First Adjustment Payment is based on the current index plus a margin (fully indexed rate) as of the date above. After 15 years, the maximum possible payment is $1,966.75. Property insurance and, if applicable, flood insurance is required. These payments do not include taxes and insurance premiums. The actual payments will be greater, and rates provided are based on current market rates, and are informational only. Some restrictions may apply. This rate is applicable for owner-occupied primary residence purchase of a single-family dwelling. Must be the borrower’s first home purchase or have not owned a home in the last three years. Automatic payment set-up is required. Borrowers must attend a virtual or in person first-time home buyer course. All Credit Union loan programs, rates, terms, and conditions are subject to credit approval and may change at any time without notice. Interest rates are subject to change and are based on credit score, loan product, loan term, loan value, and reserves.

Term

5/5 ARM

Rate (as low as)

6.750%

Annual Percentage Rate (APY)*

6.5079

Our Members Love Us…

Ms. Bowen does a spectacular job! She is very professional, knowledgeable, and communicated well through the entire process. Yes! Can’t say enough – thank you, thank  you, thank you!

Kae & Greg

Our Award-Winning Mortgage Team

Our friendly mortgage professionals are here to help. Contact us to get started today.

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Alicia Bowen

Mortgage Sales Manager

NMLS #305735

757-715-2412

abowen@1stadvantage.org

 

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Tamala Olszewski

Mortgage Loan Officer

NMLS #1581742

757-886-3356

tolszewski@1stadvantage.org

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Susan Ward

Mortgage Sales Coordinator

NMLS #1816060

757-968-5805

sward@1stadvantage.org

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Disclosures

*Income restrictions apply. Contact our mortgage team to see if you are eligible.