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Down Payment Assistance for First-Time Buyers

3%Down Payment for First Time Homebuyers

• 97% Mortgage Financing*
• 30-Year Term
• Flexible Debt-to-Income

• Down Payment Gift Accepted
• 1% Origination Fee Waived


APPLY NOW

Plus, get Cash Rewards with HomeAdvantage®

Simply buy or sell using a HomeAdvantage Agent and earn on average $2,200 in Cash Rewards at closing.***



We're here to help you every step of the way.

Whether you’re a first time buyer or a seasoned homeowner looking to purchase a new home, we have a wide variety of real estate loans to fit your needs— from flexible financing to specialized programs. We look forward to welcoming you home.

Buying a Home

From the moment you start dreaming of a new house, to the day that house becomes your home, Justice Federal is right by your side. Whether you're an experienced home buyer, or looking to buy your first home, we offer loans to meet your every need.


Shopping for a home shouldn’t be complicated. We make it EASY!

HomeAdvantage Realty Services is rewarding

It’s absolutely free to use, and can help you:


  • chevron_right Search for a Home
    Search through the most current online MLS listings to find the home of your dreams.
  • chevron_right Find a Realtor®
    Make a connection with a top local Realtor from our network of hand-picked agents.
  • chevron_right Earn HomeAdvantage Cash Rewards***
    Use one of our agents to buy or sell a home, and earn Cash Rewards – the average is near $2,200!***
  • chevron_right Get Listing Alerts
    Save your favorite searches and get email updates when new listings become available.
  • chevron_right Do Your Research
    Research neighborhoods, crime rates, schools, and comparable properties easily!
  • chevron_right Get Your Questions Answered
    The HomeAdvantage Member Services team is available seven days a week to answer your questions, simply call 800.203.9014.
GET STARTED
Home Advantage
HOME SALE PRICE MEMBER CASH REWARDS***
$100,000 $600
$200,000 $1,200
$300,000 $1,800
$400,000 $2,400
$500,000 $3,000
$600,000 $3,600
$700,000 $4,200
$800,000 $4,800
$900,000 $5,400
$1,000,000 $6,000


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Start Your Online Application

Get pre-approved in minutes. See how much home you can afford before you begin shopping.

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Finish Saved Application

Need more time? Save your application anytime and finish it when you're ready.

FINISH APPLICATION


First Time Home Buyer

Step into the housing market with confidence.

Get excited, because the next stage of your life begins now!
Leaving your rental to buy a home is a big step.

Your landlord is responsible for repairs and upkeep. In addition, depending on your lease, you may not even be paying for electricity or water. On the other hand, if your current residence is growing in value, then your landlord is building equity through your monthly payments – not you.

Homeownership offers financial benefits that renting does not. While you’ll want to consult a tax advisor, you’ll learn that the interest you pay on your mortgage is tax deductible, as are some closing and moving costs. If you pay points on your loan to reduce the interest rate on your mortgage, that amount is also tax deductible for that year. When you decide to buy a home, you’re making a decision to invest in your future.


new house
You Can Count on Justice Federal

Your Justice Federal Mortgage Representative is not only here to help you manage your home financing today, but will also help you to achieve your long-term goals. After all, life changes, and your mortgage should change with it.
Any time you have questions regarding home financing, we encourage you to contact your Mortgage Representative. Justice Federal will continue to provide you with the service you deserve for the life of your loan.




Additional Mortgage Programs

No matter the size, or your budget, we will help you match your dream home to one of our mortgage programs.

For first-time homebuyers, breaking into the housing market can be daunting. The median sales price has risen to $498,700 as of February 2023 — a 5% increase, according to US Census Bureau. And in some communities, price increases were much higher.

If you’re planning to buy a home, you may be waiting to save enough for a down payment. We realize it can be challenging to save a 20% down payment, especially as sales prices rise.

Fortunately, the Down Payment Assistance Program from Justice Federal provides opportunity for first-time homebuyers to purchase a home with as little as 3-5% down. And the down payment may be money gifted!

LEARN MORE

*Home loans subject to credit and property approval. Rate is based on an evaluation of creditworthiness. Primary residences only. The closing costs are to be paid by the borrowers. PMI may be applicable. Payment example: $400,000 mortgage at a rate of 5.875% (6.282% Annual Percentage Rate) for 30 years, equals monthly payment of $2,366.15. Taxes, Homeowner Insurance and Private Mortgage Insurance not included in payment example. Loan Level Price Adjustment (LLPA) may apply to the interest rate based on loan to value, property type and credit score.

Looking to Refinance? We are here to help. Refinancing your mortgage is a way to potentially lower your interest rate and monthly mortgage payment.

Types of Mortgage Refinance Loans:

Fixed-Rate Mortgage Refinance Loan

• Interest rate is set
• Your monthly payments of principal and interest remain the same for the life of the loan

Adjustable-Rate Mortgage Refinance Loan

• Interest rate may change periodically during the loan term
• Your monthly payment may increase or decrease based on interest rate changes

Cash-out Mortgage Refinance Loan

• If you have available home equity, you could get cash upfront when you close your mortgage refinance loan


How much will it cost me to refinance my first mortgage?

To calculate the cost of refinancing your first mortgage, use one of our Financial Calculators or contact us for professional assistance.


Find your path towards financial freedom.

Justice Federal’s partner, GreenPath Financial Wellness, provides you with access to debt management services, free one-on-one financial counseling, and financial education tools. Together, they will work with you to make a personalized plan to build a foundation for financial wellness.

Call Now: 877.337.3399

LEARN MORE

With a Fixed Rate Mortgage your monthly principal and interest payment is locked-in for the life of the loan. Choose a fixed rate mortgage with terms to fit your budget.

An Adjustable Rate Mortgage (ARM) offers a lower initial interest rate than most fixed rate loans. The interest rate on ARM can change periodically, usually in relation to an index, resulting in a change in your monthly payment. Of course you should weigh the risk of an increase in interest rates.

A Jumbo Loan (Non-Conforming Loan) exceeds the maximum loan amount allowed by most mortgage investors. The cost of obtaining a jumbo loan as well as the interest rate is generally higher than that of a conventional loan.

Federal Housing Administration (FHA) Loans

FHA loans are federal assistance mortgage loans insured by the Federal Housing Administration (FHA). FHA mortgage loans are offered by Justice Federal Credit Union to residents of VA, MD and DC.

Veterans Administration (VA) Loans

VA Loans are mortgage loans guaranteed by the U.S. Department of the Veteran's Affairs, issued by qualified lenders that enable Veterans and eligible active duty/reservists, retired veterans "and" their un-married surviving spouses to purchase a home with no down payment and less closing costs than traditional loans.

VA Loans are offered by Justice Federal Credit Union to residents of VA, MD and DC.

For additional information, please contact Justice Federal Credit Union at 800.550.5328, select option 3.

A Reverse Mortgage is a unique loan that allows homeowners age 62 years and older to convert part of the equity in their home into monthly income or cash without having to sell the home, give up title, or take on additional monthly mortgage payments.

• No monthly mortgage payments
• No loan repayment until the member moves out permanently (sells home, passes away, etc.)
• Member will never have to leave their home
• Must be a homeowner (single family residence, condo, townhouse, manufactured housing built after June 1976)
• No income or medical requirements to qualify
• No credit or credit score requirements

To speak to a Mortgage Counselor, call us today at 800.550.5328, select option 3.

Justice Federal is pleased to accept the Government Travel Card (GTC) for approved reimbursable mortgage costs for DEA members with Permanent Change of Station (PCS) travel orders.

Our Mortgage Representatives are ready to assist you with choosing the mortgage loan plan that is right for you. To speak to a Mortgage Counselor, call us today at 800.550.5328.

 

Government Loans

house
Federal Housing Administration (FHA) Loans

FHA loans are federal assistance mortgage loans insured by the Federal Housing Administration (FHA). FHA mortgage loans are offered by Justice Federal Credit Union to residents of VA, MD and DC.

Veterans Administration (VA) Loans

VA Loans are mortgage loans guaranteed by the U.S. Department of the Veteran's Affairs, issued by qualified lenders that enable Veterans and eligible active duty/reservists, retired veterans "and" their un-married surviving spouses to purchase a home with no down payment and less closing costs than traditional loans.

VA Loans are offered by Justice Federal Credit Union to residents of VA, MD and DC.

For additional information, please contact Justice Federal Credit Union at 800.550.5328, select option 3.


Reverse Mortgages

A Reverse Mortgage is a unique loan that allows homeowners age 62 years and older to convert part of the equity in their home into monthly income or cash without having to sell the home, give up title, or take on additional monthly mortgage payments.

- No monthly mortgage payments
- No loan repayment until the member moves out permanently (sells home, passes away, etc.)
- Member will never have to leave their home
- Must be a homeowner (single family residence, condo, townhouse, manufactured housing built after June 1976)
- No income or medical requirements to qualify
- No credit or credit score requirements

For additional information, please contact Justice Federal Credit Union at 800.550.5328, select option 3.


DEA Relocation Program


Justice Federal is pleased to accept the Government Travel Card (GTC) for approved reimbursable mortgage costs for DEA members with Permanent Change of Station (PCS) travel orders.

Our Mortgage Representatives are ready to assist you with choosing the mortgage loan plan that is right for you. To speak to a Mortgage Counselor, call us today at 800.550.5328.

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TruStage

TruStage Insurance Services

Insurance protection is part of a solid financial plan. That’s because dependable coverage helps ensure financial relief when you need it most. And along the way, that coverage means you’ll take comfort in knowing you’re protected.

Government Loans

DEA Relocation Program

Legal Disclaimers & Information

*Home loans subject to credit and property approval. Rate is based on an evaluation of creditworthiness. Primary residences only. The closing costs are to be paid by the borrowers. PMI may be applicable. Payment example: $400,000 mortgage at a rate of 5.875% (6.282% Annual Percentage Rate) for 30 years, equals monthly payment of $2,366.15. Taxes, Homeowner Insurance and Private Mortgage Insurance not included in payment example. Loan Level Price Adjustment (LLPA) may apply to the interest rate based on loan to value, property type and credit score.

**APR = Annual Percentage Rate. Rates assume credit score of 740 and Loan to Value of 60%.

***HomeAdvantage® is available to you through your credit union membership. Cash Rewards are available to members who register to use HomeAdvantage and who use a real estate agent in the HomeAdvantage network to buy or sell their home. Using the credit union for a mortgage is not a requirement to earn Cash Rewards. Cash Rewards amounts are dependent on the commissions paid to the agent. The credit union may have specific rules on how Cash Rewards will be paid. Cash Rewards are void where prohibited by law or the lender. Please consult with your credit union for details that may affect you. Justice Federal reserves the right to withdrawal this offer at any time.