Black Friday Closure - Air Force Academy Branch Only

The Air Force Academy Branch will be closed on Friday, November 27, 2020. All other AAFCU locations and the contact center will be open.

Routing Number: 307070021

Mortgage Application

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Our talented mortgage team is ready to listen to your needs and find a customized mortgage solution just for you. We are a full-service mortgage provider with the benefit of offering personalized solutions. Before you start looking for a home, get pre-qualified to make the process as seamless as possible.

First-Time Homebuyer Programs

  • CHFA- Colorado Finance and Housing Authority*
    • Down payment assistance for qualifying residents of Colorado

    • Grant and Second mortgage down payment assistance program may be available

    • Generous income guidelines

    • Some programs don't have a first-time homebuyer requirement

    • Conventional, VA and FHA programs available

    • The property must be located in the state of Colorado

       

  • El Paso County Turnkey Program*

    Down-payment Assistance Program for El Paso County

    • Up to 5% down-payment assistance
    • Generous income guidelines

    • No First-time Homebuyer requirement

    • FHA, VA and Conventional Freddie Mac programs available

    • 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

    • Up to 5% down-payment assistance
    • Generous income guidelines

    • No first-time homebuyer requirement

    • FHA, VA and Conventional Freddie Mac programs available

     

Loan Types

  • Conventional Loans*
    • First-time home buyers 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)

    • Loan amounts less than 80% of the appraised value of the home do not require mortgage insurance

    • AAFCU offers competitive mortgage insurance rates

    • We offer both fixed and adjustable rate loans

    • 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*
    • FHA (Federal Housing Administration) loans may not require as much down payment, and may have less restrictive credit, asset and employment requirements

    • The down payment may be a gift from a family member

    • FHA mortgages allow the use of down-payment programs to provide extra assistance to homebuyers

    • FHA loans may allow non-occupying co-signers

  • VA Loans*
    • VA loans typically have lower interest rates than Conventional loans

    • We offer VA (Cashout) Refinances and VA (IRRRL) Streamline Refinances

    • Purchase loans may not require money out-of-pocket (ask about closing cost options)

    • VA loans are available up to $1 million in some cases. Most loans over conforming limit may require a down-payment

    • Credit guidelines may be less restrictive than Conventional loans

  • Jumbo Loans*
    • Any mortgage loan over the conforming limit is considered a Jumbo Loan

    • Credit guidelines may be a more restrictive than conforming loans

       

*These programs are not controlled by AAFCU. Program requirements subject to change.