Home Loans
Easy To Apply
Get pre-qualified before you start shopping! Apply online or call a Mortgage Loan Officer to get started!
Loan Options
From first-time homebuyer programs to a wide-variety of loan types, we have options to meet your home loan needs!
Paperless Mortgage
With our secure eSign solution you can complete much of the loan process in the comfort of your home!
A home loan that's truly on your terms!
With a My Way Mortgage, you'll create a custom home loan to help you reach your financial goals faster. Use the calculators below to find the loan term and monthly payment that works best for you!
Customize Your Mortgage
Getting started is easy! Use the My Way Mortgage calculators below to explore loan term and monthly payment options. You can even compare two different terms side-by-side. Reducing your loan term by just one year could mean significant savings over the life of your loan!
Loan Amount
Calculator
Use this calculator to enter your desired monthly payment and term and it will display your maximum loan amount.
Payment Amount Calculator
Use this calculator to select the loan amount and term you would like to pay off your mortgage. The calculated results will show your estimated payment amount.
Term Comparison Calculator
Use this calculator to select the loan amount and compare two different terms. The calculated results will show you two different payment amounts as well as the estimated savings.
Mortgage Optimizer Calculator
Use this calculator to determine the most efficient term for your desired monthly payment.
Equal Opportunity Lender. Membership Requirements Apply. Restrictions and requirements apply. Subject to approval. Rates and terms are subject to change without notice. Refinancing fees may apply to all existing loans with AAFCU. Some loan types may require a down payment. My Way Mortgage is a registered trademark of Air Academy Federal Credit Union.
Purchase or Refinance
Whether you’re looking to purchase a new home, refinance your current home, or access the equity in your house, we have a variety of products and programs to get you there.
Purchase A New Home
We are a full-service mortgage lender with the benefit of offering personalized solutions. Our experienced mortgage lending team is ready to listen to your needs and find a customized mortgage solution just for you. Before you start looking for a home, get pre-qualified to make the homebuying process as seamless as possible.
Refinance Your Current Mortgage
By refinancing your existing home loan you could benefit by getting a lower interest rate and reducing your monthly payments, moving from an adjustable-rate to a fixed-rate mortgage, or use the equity you've build up for home improvements.
Plus, if you currently have an FHA or VA loan, you may qualify for a “streamline” refinance, which typically requires less documentation.
Available Loan Products
Conventional Loans*
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First-time homebuyers may qualify for a Conventional loan with as little as 3% down (some Conventional loans allow the down payment to be a gift from a family member)
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Loan amounts less than 80% of the appraised value of the home do not require mortgage insurance
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AAFCU offers competitive mortgage insurance rates
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We offer both fixed and adjustable rate loans
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If you are wanting to refinance or purchase a new home, contact an AAFCU Mortgage Professional to determine which of our many options are best for you
FHA Loans*
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FHA (Federal Housing Administration) loans may not require as much down payment, and may have less restrictive credit, asset and employment requirements
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The down payment may be a gift from a family member
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FHA mortgages allow the use of down payment programs to provide extra assistance to homebuyers
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FHA loans may allow non-occupying co-signers
VA Loans*
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VA loans typically have lower interest rates than Conventional loans
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We offer VA (Cashout) Refinances and VA (IRRRL) Streamline Refinances
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Purchase loans may not require money out-of-pocket (ask about closing cost options)
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VA loans are available up to $1 million in some cases. Most loans over conforming limit may require a down payment
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Credit guidelines may be less restrictive than Conventional loans
Jumbo Loans*
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Any mortgage loan over the conforming limit is considered a Jumbo Loan
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Credit guidelines may be a more restrictive than conforming loans
*These programs are not controlled by AAFCU. Program requirements subject to change.
First-Time Homebuyer Programs
Buying a house one of biggest investments you will ever make. Getting started may seem intimidating, but first-time homebuyer programs with down payment assistance can help you make the dream of homeownership a reality!
CHFA - Colorado Housing and Finance Authority*
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Down payment assistance for qualifying residents of Colorado
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Grant and second mortgage down payment assistance program may be available
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Generous income guidelines
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Some programs don't have a first-time homebuyer requirement
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Conventional, VA and FHA programs available
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The property must be located in the state of Colorado
El Paso County Turnkey Program*
Down payment assistance program for El Paso County
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Up to 5% down payment assistance
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Generous income guidelines
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No first-time homebuyer requirement
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FHA, VA and Conventional Freddie Mac programs available
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Property must be located within El Paso County, Colorado
Denver Metro Down Payment Assistance*
Down payment assistance for Denver and participating cities and counties in and around the Denver area
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Up to 5% down payment assistance
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Generous income guidelines
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No first-time homebuyer requirement
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FHA, VA and Conventional Freddie Mac programs available
*These programs are not controlled by AAFCU. Program requirements subject to change.
ValueCheck®
Contact our Mortgage Lending Team today!
Call Us
719.264.1207 or 800.223.1983
Frequently Asked Questions
Ask A Member Service Representative
Become A Member Today!
Become a member today and start enjoying the great benefits of being a member of AAFCU!
Air Academy Federal Credit Union: NMLS# 454287