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Homeownership Made Easy

Embarking on your home journey? Whether you’re getting preapproved to purchase as a first-time homebuyer, upgrading to accommodate a growing family, or exploring the excitement of building from the ground up, we’ll be here every step of the way.

As your local trusted lender, you can expect an easy online mortgage application process paired with competitive low-interest rates to help give you a monthly mortgage payment that fits your budget.

Our in-house underwriting and servicing sets us apart from the rest. Not only do we service your mortgage through the entire life of the loan, but we also offer homeowners ways to keep tabs on their credit score, educational seminars, closing cost discounts throughout the year, and online modules to help explore the different benefits and costs that come with homeownership.

We make the mortgage loan borrowing process simple and give you the resources you need to prepare and budget for your next move. With our calculators, you can compare different terms, find out how much home you can actually afford, how much of a down payment you can make, and if you’re in a stable financial position to make extra monthly payments.

ProFed Credit Union makes the homebuying process easy for first-time buyers! Apply for a home loan online with ProFed or stop into one of our thirteen branches. You can apply in less than 20 minutes! After you are pre-approved for your home loan, you can shop for and purchase your home at that great, low rate. 

Your home journey is unique, and our mortgage team is ready to help you choose the best type of mortgage for you. 

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Conventional Mortgage Benefits & Requirements

Benefits

Competitive fixed rate

10, 15, 20, 30-year terms

Zero down payment option for qualified applicants

ProFed underwriting and servicing
Requirements

Varying down payments are required

Subject to credit, income, and asset review

Owning A Home

Explore our online playlist of modules that cover a variety of topics like different types of loans, what costs to consider, how mortgage lenders play a pivotal role in the mortgage process and more. 

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What You Need To Know About Mortgages

Read our blog article that covers key things you need to know about a mortgage. 

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The Process Of Buying A Home

Explore our online module that goes through the process, resources, and strategies to help you buy a home while sticking to a budget.

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Home Loan Rates

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Loan Product Maximum Loan to Value (LTV) Minimum Loan Term Rate as low as APR* as low as
Conventional Mortgage Up to 100% LTV No Minimum 10, 15, 20, 30 Year - Fixed Rate Click here for current rates
First-Time Homebuyer Up to 97% LTV No Minimum Up to 30 years - Fixed Rate Click here for current rates
USDA Loan Up to 100% LTV, 101% with Guarantee USDA Fee No Minimum 30-year Fixed Term Contact us for current rates
ARM Loan Up to 100% LTV No Minimum 5/1 & 7/1 - Variable Rate Click here for current rates
Construction Loan Up to 95% LTV No Minimum Flexible Terms - Fixed Rate Click here for current rates
Land Loan Up to 75% LTV No Minimum 15-year Fixed Contact us for current rates
$475 Refi Up to 80% LTV No Minimum Up to 180 Months - Fixed Rate Click here for current rates
Renovation Loan Up to 97% LTV No Minimum Up to 30-year Fixed Rate Contact us for current rates
Home Equity Loan Up to 80% LTV $10,000 12 - 120 Months - Fixed Rate 7.490% 7.490%**
Home Equity Loan Up to 81 - 90% LTV $25,000 121 - 180 Months - Fixed Rate 7.740% 7.740%***
Home Equity Line of Credit Up to 80% LTV $10,000 120 Months - Variable Rate 6.750% 6.750%****

Membership at ProFed is required. *The annual percentage rate (APR) listed are our best rates. Home Equity Rates were last updated on 2/11/26. Your rate may vary depending on your credit score. **Annual Percentage Rate is based on a loan amount of $10,000 and a term of 120 months. ***Annual Percentage Rate is based on a loan amount of $25,000 and a term of 180 months. ****The Rate for the Home Equity Line of Credit is based on prime (index), as published in the Wall Street Journal on the last day of the month, plus a margin. The Annual Percentage Rate is based on a $10,000 line of credit.

Establish A Home's Price You Can Afford

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Compare Fixed-Rate Mortgages

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Budget For A Monthly Mortgage Payment

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Budget For A Down Payment

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Frequently Asked Questions

ProFed's mortgage preapprovals are valid for 90 days after the initial approval. Click or tap here to start your application.

There are several ways mortgage payments can be set up, so the process for making changes depends on your current payment method.

  • If your payment is set up as an automatic transfer from your ProFed savings or checking account to your loan, we require a written request to stop or modify the transfer.
  • If you use a scheduled recurring transfer, you can typically update or edit the payment online.
  • If your payment is made through an ACH transfer from an external financial institution, changes may be completed online or at a branch, depending on how the ACH was originally established.

If you are unsure of which payment method you currently have set up, we recommend contacting us first. A team member can review your account and guide you through the appropriate next steps to update your mortgage payment method.

Mortgage qualification requirements vary by lender and loan type, but generally you'll need to meet certain financial and documentation requirements to be approved.

At ProFed, mortgage eligibility typically includes:

  • A debt-to-income (DTI) ratio of 45% or less
  • Documentation of income and earnings
  • A credit score of 620 or higher
  • A required down payment, which varies by loan* 

*ProFed offers some conventional mortgage options with down payments as low as 0% for qualified borrowers.

Additional requirements may apply depending on the specific mortgage. Contact us or schedule an appointment with a mortgage loan officer to get the process started.