List of mortgage products

It is so exciting to buy a new home, but we know it can also be stressful. SECU's team of local, dedicated mortgage professionals are here to help you through every step of the home buying process.

We offer different mortgage solutions based on your unique needs. Learn more about our mortgage programs below. You can also contact a SECU Mortgage Loan Officer to discuss your options and get pre-approved.

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100% Financing – No down payment

Large down payments can be a significant obstacle to homeownership. SECU offers a 100% financing solution to responsible borrowers who are ready to buy their dream home, but don’t have the down payment.


  • Good credit
  • Purchasing primary residence
  • No other real estate owned
  • Contribute $1000 or 1% of the sale price (whichever is less)


FHA - Low down payment

FHA (Federal Housing Authority) loans are insured by the federal government and have more flexible requirements for down payments, income qualifications and closing cost contributions.


  • Low down payment requirement of 3.5%
  • Available in 15- or 30-year fixed rate mortgages
  • For purchase or refinance of primary residence only


HomeReady® - Low to moderate income

Fannie Mae’s HomeReady program is a government backed loan designed for creditworthy borrowers with low to moderate incomes.


  • Down payments as low as 3%
  • Roommates and relatives may help you qualify


Fixed Rate Mortgage - Predictable monthly payments

Fixed rate mortgages are one of the most popular mortgage options, and offer predictable monthly payments for the life of your loan. We offer fixed rate loans from $10,000 up to $453,100.


  • Can qualify for up to 95% of purchase price on single family homes
  • Varying loan-to-value options for 2nd homes and investment properties


Adjustable Rate Mortgage - Low interest rate

An Adjustable Rate Mortgage (ARM) is best for borrowers who plan to be in their homes for a relatively short time and who want to take advantage of current interest rates.


  • Lock-in rate for 3, 5, 7 or 10 year terms
  • Typically offers lower interest rates than other mortgages


Jumbo Mortgage – Large loan amount

Jumbo mortgages are designed for loans from $453,100 to $2 million.


  • For refinance of primary residence only


MD Loan – For medical professionals

SECU's MD Loan is specifically designed to provide favorable terms to members of the medical community.  We’ll work around your busy schedule to make the process convenient.


  • Down payment as low as 5%
  • No Private Mortgage Insurance required


Click the Get Started button to contact a SECU mortgage professional to learn more and to get pre-approved for financing.

You can also start your application online.

Get Started




Error Resolution and Information Requests:

You have certain rights under Federal law related to resolving errors and requesting information about your loan account. In order to provide us with notice of an error on your loan account, or to request information about your loan account, please send us a written notice that contains (i) your name, (ii) your loan account number, and (iii) information concerning the error you believe has occurred or the information you are requesting about your loan. This written notice must be sent to the following address: SECU P.O. Box 2092, Glen Burnie, MD 21060.