Mortgages
Explore mortgage loan options in Richmond, VA with great rates and an easy online application.
Finance Wisely. Live Confidently.
Call Federal Credit Union helps Richmond-area buyers explore mortgage loan options that fit their goals. Compare rates, estimate monthly payments, and start your online mortgage prequalification or request online mortgage pre-approval before beginning your home search.
Whether you’re purchasing your first home or your next property, our local lending team can help you apply online and get started.
EXPLORE YOUR MORTGAGE OPTIONS
Which of the following benefits do you want out of your mortgage?
Save On Upfront Costs At Closing
For a limited time, qualifying mortgages may receive waivers on select lender fees, helping you keep more cash on hand for moving, settling in, and everything that comes next. See which fees, including appraisal and other common costs, may be covered.
Ask About Our Rate Match Guarantee
Found a better mortgage rate elsewhere? Call Federal will match a competitor’s interest rate with a valid Loan Estimate dated within 48 hours of your request. It’s just one more way we help you make your best call.
Benefits
Call Federal supports your homebuying journey with expert guidance and practical tools, helping you avoid unnecessary fees, penalties, and stress.
The Right Mortgage
Explore a variety of mortgage options, including traditional, FHA, VA, and more, to find the perfect fit for your needs.
No Application Fees
Take another expense off your list when you finance your home purchase with Call Federal.
No Prepayment Penalties
Enjoy the freedom to pay off your mortgage early with no penalties.
Rate Match Program
Call Federal will match a competitor’s interest rate with a valid Loan Estimate dated within 48 hours of requested match date.3
Grant Programs
We partner with the Federal Home Loan Bank of Atlanta to offer First Time Home Buyer Grants (up to $17,500) and Community Partner Grants (up to $20,000) to help qualified buyers with down payment and closing costs. (Ask us for details)
100% Financing
Qualified members have an opportunity to purchase a primary residence with no down payment required. This program has no income limitations or restrictions based on prior homeownership status, making it an accessible and flexible path to homeownership.4
Mortgage Rates
|
Term |
Rate1 |
APR2 |
Points |
|---|---|---|---|
|
1Rates posted are indications only and are subject to change without notice. If you wish to lock in your rate, please consult with your mortgage officer. 2APR=Annual Percentage Rate. All rates, terms, and conditions are subject to change and may vary based on creditworthiness, qualifications, and collateral conditions. Rates advertised are our lowest offered rates at the time of submission. Your rate may be higher. Loans are subject to approval. Certain restrictions may apply. Rates Effective Date: April 24, 2026. |
|||
|
Term 30 Year |
Rate1 6.625% |
APR2 6.741% |
Points 0 Points |
|
Term 30 Year (+ Points) |
Rate1 5.875% |
APR2 6.173% |
Points 2 Points |
|
Term 20 Year |
Rate1 5.875% |
APR2 6.224% |
Points 1.625 Points |
|
Term 15 Year |
Rate1 5.250% |
APR2 5.735% |
Points 2 Points |
|
Term 10 Year |
Rate1 4.875% |
APR2 5.556% |
Points 2 Points |
USE THE MORTGAGE CALCULATOR TO ESTIMATE YOUR MONTHLY MORTGAGE LOAN PAYMENT
Enter the amount you wish to borrow to purchase your home, then calculate your estimated monthly payment.
Calculated payments shown are for estimation purposes only; not a guarantee. Rates above may include points. Payment examples only reflect principal and interest payment and excludes escrow (real estate property tax and homeowners’ insurance), which would cause the actual payment to be higher. Actual loan payment amount will be disclosed at loan closing and may differ.
YOUR PATH TO HOME FINANCING
At Call Federal, we make buying a home in Richmond, VA easier with helpful tools, competitive local rates, and guidance from experienced lenders. Our streamlined process helps you move from application to closing.
- Online pre-approval: Start your home search with a clear budget in mind by requesting online mortgage pre-approval or mortgage prequalification through our secure application.
- Choice of loan terms: Choose from several fixed-rate options, including 10, 15, 20, and 30-year mortgages, designed to fit your budget and long-term plans.
- Loan programs: Eligible buyers may qualify for First Time Home Buyer Grants (up to $17,500) or Community Partner Grants (up to $20,000) to help with down payments or closing costs.
- Local loan servicing: Our Richmond-area lending team understands the local housing market and is always ready to help you navigate the home financing process.
Looking to put down roots in the Richmond area? Apply online today to get started.
PREQUALIFICATION VS. PREAPPROVAL: WHAT’S THE DIFFERENCE?
Mortgage prequalification online gives you an estimate of how much you may be able to borrow based on basic financial details you provide. It’s a quick way to start planning your home search.
Online mortgage pre-approval, however, involves a more detailed review of your income, credit, and financial documentation. After this review, the lender can provide a specific loan amount you may qualify for. A pre-approval letter can strengthen your offer when buying a home in the competitive Richmond, VA housing market.
At Call Federal, a mortgage pre-approval is typically valid for 90 days, giving you time to search for the right property. If your approval expires, you can request a renewal.
Fast, Flexible Applications for Your Busy Life
Quick, seamless, and designed to keep up with your busy lifestyle—apply today and get moving faster.
Apply Online
Start your application in minutes using our secure online form.
Get Pre-Approved
We review your information and provide a pre-approval amount for your home search.
Close Your Loan
Finalize your rate, sign your closing documents, and get the keys to your new home.
Robbye R. Richmond, VAAlways very polite and helpful. They’re always willing to go the extra mile to help you!
HOME MORTGAGE FAQs
Mortgage rates vary based on market conditions, credit profile, loan type, and term. Many mortgage lenders in Richmond, VA, currently offer 30-year fixed rates around the mid-6% range, though your exact rate may differ.
Call Federal provides some of the best credit union mortgage rates in Richmond, along with tools that help you compare loan options and estimate monthly payments before applying. Click here to learn more.
Your required income depends on your interest rate, down payment, debts, and loan type. For example, purchasing a $400,000 home with a 30-year fixed mortgage at around 6.25% could require an income near $80,000 annually if your debt-to-income ratio is close to 43%.
Every borrower’s situation is different, so many buyers compare lenders to determine the best place to get a mortgage based on rates, loan programs, and qualification requirements.
Yes. Many of the best credit unions for mortgage loans now offer digital applications that allow you to submit financial information securely online. After reviewing your documentation, such as income, employment, and existing debts, lenders can issue a pre-approval letter that helps strengthen your home offer.
Yes. Many lenders offer online mortgage prequalification, which provides an estimate of how much you may be able to borrow. This process typically involves sharing basic financial information and can often be completed in just a few minutes.
Yes, in some cases, you can get a home mortgage with no down payment. Certain loan programs, including USDA loans for qualifying properties and specific credit union programs, offer 100% financing to eligible borrowers. Requirements vary based on credit history, property type, and location.
When comparing a credit union vs. bank mortgage, the main difference is how the institutions operate. Credit unions are member-owned, not-for-profit financial cooperatives, while banks are for-profit corporations. Because of this structure, credit unions may sometimes offer lower rates, fewer fees, and more personalized service for borrowers.
The 3-7-3 rule is a federal law that gives homebuyers time to review their mortgage before closing. It sets clear waiting periods so you’re not rushed into signing. The rule requires that:
- The lender must send your Loan Estimate within three (3) days of your application.
- At least seven (7) business days must pass before you can close on your loan.
- You must receive your Closing Disclosure at least three (3) days before closing (and if major terms change, the three-day wait starts again).
Yes. Many lenders—including credit unions—allow you to apply for a mortgage online, submit documents securely, and track your application before closing.
Yes, you do need to become a Call Federal member to apply for a home mortgage. You’re eligible for membership if you live, work, worship, volunteer in the community, or attend school in the Richmond, Virginia Metropolitan Statistical Area. The Statistical Area includes Amelia, Caroline, Charles City, Chesterfield, Cumberland, Dinwiddie, Goochland, Hanover, Henrico, King and Queen, King William, Louisa, New Kent, Powhatan, Prince George, and Sussex counties, and the cities of Colonial Heights, Hopewell, Petersburg, and Richmond.
Have questions?
Call Federal is here to help. Reach out to us today for more information and assistance.
Disclosures
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¹Rates posted are indications only and are subject to change without notice. If you wish to lock in your rate, please consult with your mortgage officer. ²APR=Annual Percentage Rate. All rates, terms, and conditions are subject to change and may vary based on creditworthiness, qualifications, and collateral conditions. Rates advertised are our lowest offered rates at the time of submission. Your rate may be higher. Loans are subject to approval. Certain restrictions may apply.³Rate Match Program is only available on conventional Call Federal loan products and must be for a primary residence. 100% financing loans are not eligible for the Rate Match Program. A completed Loan Estimate required within 48 hours for Rate Match to be considered. Terms and conditions apply. Not all will qualify. ⁴ 100% financing available for qualified borrowers, subject to credit approval and private mortgage insurance. Closing costs still apply. Offer only for the purchase of a primary residence in the state of Virginia. Maximum loan amount is $500,000. Additional restrictions may apply. This offer is subject to change or termination at any time without notice.
We do business in accordance with the federal fair housing lending laws.