mortgage loans

make your dream home a reality

Mortgage Loans   

Ranked #1 by Forbes

Best Credit Union in Oklahoma

A Mortgage Lender You Can Trust

If you are ready to make the move to your dream house, CFCU is here to help. Our home loan experts can guide you through the mortgage process and find you a great rate so you can shop for your dream home with confidence.

   Fast and Easy Application Process

   Low Closing Costs

   Friendly, Personalized Service

   In-House Processing and Funding

Get Pre-Approved Online & Save Time

Getting pre-approved for a home loan helps you plan your budget and puts you in a better position to make an offer. Visit our online mortgage center to get started or learn more about the pre-approval and home buying process.

Conventional Fixed-Rate Mortgages

A conventional fixed-rate mortgage has a fixed interest rate that will remain the same for the life of the loan. While most homebuyers purchasing with a conventional mortgage make larger down payments, it’s not necessary to make a 20% down payment.

   Enjoy a Fixed Interest Rate for the Life of the Loan

   30-Year, 20-Year and 15-Year Terms

   Low Down Payment Options Available

   Private Mortgage Insurance not Required with 20% Equity

Mortgage Refinancing

Refinancing your current mortgage can provide better rates, lower payments or shorter terms. You can also get cash out of your home to consolidate debt or pay off bills. Let Communication Federal Credit Union help you trade in your current home loan to one that best suits your needs.

   Take Advantage of Low Interest Rates

   Refinance from a 30-Year Term to a 15-Year Term

   Cash-Out Refinancing Available

FHA Loans

FHA loans are insured by the Federal Housing Administration and especially popular with first-time home buyers because they allow down payments of as little as 3.5% and can be more forgiving for borrowers with below-average credit scores.

   Down Payment as Low as 3.5%

   May Allow for Lower Credit Scores than Conventional Loans

   Popular with First Time Homebuyers

Apply today or speak to a CFCU Mortgage Loan Officer to see if an FHA loan is the right choice for you.

VA Loans

Communication Federal Credit Union takes pride in helping active military, veterans and eligible spouses who have served our country purchase or refinance homes. Our VA loan program offers up to 100% financing**. These loans are also guaranteed by the Veteran’s Administration and don’t require mortgage insurance, which can save a substantial amount for those who qualify.

Qualification is often more flexible than with a traditional mortgage. VA loans have competitive rates and high limits on borrowing amount, so they are attractive to anyone who qualifies, not just first-time buyers.

   Up to 100% Financing

   No Private Mortgage Insurance Requirement

   Better Interest Rates

   No Prepayment Penalties

Section 184 Native American Loans

Section 184 HUD Mortgage Loans can help members of Native American tribes get into a home with a low down payment and flexible underwriting. Section 184 loans can be used both on and off native lands for the purchase or refinance of a home.

   Down Payment as Low as 2.25%

   No Private Mortgage Insurance Requirement

   May Allow for Lower Credit Scores than Conventional Loans

   Gift Funds from Tribe or Family Member Allowed

Apply today or speak to a CFCU Mortgage Loan Officer to see if a Section 184 HUD loan is the right choice for you.

Applying Online is as Easy as 1-2-3


Fill Out Your Application

We’ll ask you questions about your personal finances and the home. You’ll probably know all the answers off the top of your head.

The application is broken down into sections and you can track your progress through each section at the top of each screen. It should take less than 20 minutes to complete the application.

If you don’t have time to complete the application right now or if you need to gather information before you finish, we’ll save the information you have completed. When you’re ready to finish, return to the site and enter your User ID and password to continue.


Online Pre-Approval

When you have completed the application, click submit and your information will be reviewed for approval. We’ll be in touch with you as soon as possible.

In addition to the information you entered, we will review your credit report and credit score to determine your eligibility.

Using credit scores to evaluate your credit history allows us to quickly and objectively evaluate your credit history when reviewing your loan application. However, there are many other factors when making a loan decision and we never evaluate an application without looking at the total financial picture of a customer.


Personal Service

Once your application has been processed, a Communication Federal Credit Union Mortgage Loan Officer will follow up to answer your questions and provide assistance throughout the closing process.

Our goal is to provide the highest level of service at competitive rates. Our Mortgage Loan Officers are only a phone call away if you need help. Contact us at 405.879.5654 or 800.522.3535.

Mortgage Payment Calculator

Need to calculate how much house you can afford or what your monthly mortgage payment would be? Use this simple calculator to get a quick estimate.

When using this calculator, please keep in mind the amounts displayed aren’t guaranteed. The estimates generated are for illustrative purposes only. The actual rates, terms, and payment amounts may vary. Monthly payments shown do not include tax, homeowners insurance, private mortgage insurance (PMI), or any closing costs.

* Rates posted are indications only and are subject to change at any time without notice. Example rate is for a 15-year fixed rate mortgage and assumes a borrower with excellent credit with a credit score of 750 or higher. All offers subject to credit union approval.

** With the exception of cash-out refinances, the VA Funding Fee can be financed beyond 100% loan-to-value.