Mortgage Options

Open the door to Home Ownership with one of FRFCU’s mortgage solutions or simply lock in a great rate on a refinance!

Whether you are buying a first home, dream home or refinancing your current home, we offer exceptional service, a wide range of flexible options and great rates. If you are thinking about financing a home, talk to us. We will take the time to understand your situation and help you make the best choices.


What makes Financial Resources different?

We offer all the products and services that you'd expect from a Mortgage Lender...but we're your Credit Union. We work with you from start to finish to find the best mortgage FOR YOU. Whether you want to be guided through the entire process or you just want get through quickly and easily, our seasoned Mortgage Professionals have done it before and can do it for you. And, we've been around for over 100 years, so we're not going anywhere.

Conventional Fixed-Rate and Jumbo Mortgages

Finance your home with your financial partner, Financial Resources. Select from 10, 15, 20 and 30-year terms with a fixed rate for the length of the loan.

Adjustable-Rate Mortgage

Secure your home loan at a lower rate for the first 3 to 10 years. Adjustable-Rate Mortgages are perfect for short-term home ownership, large payments towards the loan in the first few years, or for members simply looking to save money with a lower fixed rate. Select from 3/1 (Fixed rate for the first 3 years, then variable adjustment annually thereafter), 5/1, 7/1 or 10/1 ARMs for 15, 20 or 30-year terms.

Today's Rates*

Program Rate APR
5/5 ARM 3.625% 3.659%
30 Year Fixed Rate (up to 100% Financing Purchase) 3.250% 3.283%
5/1 ARM 3.375% 3.408%

Apply Today  View More Rates and Information



FHA & VA Loans

Federal Housing Administration (FHA) loans and Veterans Affairs (VA) loans provide new opportunities to potential home-owners with greater flexibility than ever before. Financial Resources can now assist members seeking the affordable terms of these government-insured mortgages. These loans can be used for the purchase or refinance of an existing loan on a member's primary residence. They offer many benefits including low down payments, low closing costs and flexible credit requirements.

FHA Loans

FHA loans are available to all members who meet the program qualifications. A variety of loan options are available and an FHA loan can help make buying your own home possible with:

  • A manageable 3% down payment for some programs
  • The use of gifts toward 100% of closing costs and down payment
  • Flexible income limits
  • No prepayment penalties
VA Loans

Flexible, government backed VA loans are offered to military personnel or veterans to help with the purchase of a home at a competitive interest rate often without requiring a down payment or private mortgage insurance.

  • Funding for active duty service members, veterans, and National Guard and Reserve members
  • The ability to consolidate more debt at a low rate
  • NO monthly mortgage insurance requirement
  • The option to borrow 100% of your home's purchase price OR 100% of its value when you refinance
  • The option for the seller to pay 4% of loan amount towards prepaid interest/escrow and funding fee
  • Financing options for those with low credit scores

Click the Apply Today button or speak with one of our Mortgage Loan Officers for more information.

A few special features of our Mortgage Program:

  • 100% financing available – not something you'll find everywhere
  • Excellent service - everyone says it, but we've spent the last year streamlining our processes, adding professional staff and rededicating ourselves to helping our members

Nationwide lending* - if you are buying a vacation home or relocating across the country, we can help!

Pre-qualify - even if you are just thinking about your next move, we can help you understand your buying power and what you can afford.

1-4 Family Investment Properties - if you are looking to purchase a 1-4 family non-owner occupied investment property, talk with one of our Mortgage Loan Officers.

Our Mortgage Loan Originators (MLOs) are some of the best in the business. Don’t take our word for it…read what some of our members have said (pulled from an independent website):


Excellent Service
Jason from Watchung, NJ
I am very pleased with Bill and the entire team at Financial Resources Federal Credit Union! They made the home buying process so easy for me and that took a lot of pressure off of me. What I really liked about the process is the fact that everyone at Financial Resources was always ready and able to answer any questions I had and walk me through the process. I would highly recommend them!


Maria Detomasis
The best way to describe my experience with Maria Detomasis can all be summed up in one word (AMAZING) She was extremely easy to work with and was on the ball with every hiccup. I would definitely recommend her to everyone i know.


*excluding Texas, Hawaii, and Alaska

Getting started

Apply Today  View Rates and Information


*Rates are based on evaluation of credit history, loan-to-value, and loan term, so your rate may differ. Rates subject to change at any time. For primary residences and second homes only.

**Payment made in the form of credit applied to closing costs. The delay must be caused solely by Financial Resources Federal Credit Union in order to be eligible for the $1,000 credit towards your closing costs.
- The closing date must be at least 30 days from the later of the loan application date or the purchase contract date.
- All documents must be submitted to Financial Resources Federal Credit Union within 2 business days of a request from the Credit Union: full income verification, complete asset statements, credit reporting documents, any other documentation requested.
- There must be no credit related disputes, such as credit reporting errors which must be rectified prior to loan closing.
- If Federal law requires a 3 day delay when providing updated disclosures, this duration shall not be included in a delay.
- The appraisal report on the home must assign a value to the home equal to or greater than the purchase price of the home. The appraisal report must be acceptable to Financial Resources Federal Credit Union.
- Promotion available for loan-to-values 97% or less.
- You may not change the loan program or down-payment amount during the 30 day period.
- All information listed on your loan application must be accurate and free of errors or omissions.
- The closing may not be delayed by the seller or a third party, such as a real estate attorney or title company, failure to obtain a homeowner's insurance policy, flood zone determinations, inclement weather, a natural disaster, or other emergency outside of Financial Resources Federal Credit Union's control, etc.
- You must close and fund the loan with Financial Resources Federal Credit Union to receive the $1,000 credit toward your closing costs.
- Loan applications may be approved or rejected by the Credit Union in its sole discretion. Loan applications rejected by the Credit Union are not eligible for this program.

Offer applies only to loans to finance the purchase of a single family, owner occupied residences only. Offer not available on: Construction-permanent financing, jumbo loan financing (loan amounts in excess of $484,350), home equity loans, home equity lines of credit, non-owner occupied residences, short-sale purchases, bank owned/investor owned properties, refinance transactions, condominiums, land, mobile home properties, or government loan programs. This program is subject to change and may be discontinued at any time.

Other terms and conditions may apply. Terms and conditions subject to change at any time without prior notice.

Rates quoted are for a single-family, owner-occupied residence located in New Jersey. Rates quoted assume a loan to value ratio of 80% and a credit score of 740. Your actual rate will depend upon several factors including, but not limited to, the loan type, loan size, property type, your credit score and property value. Your actual rate, payment and costs could be higher. Private mortgage insurance ("PMI") may be required depending upon FRFCU’s lending policy. If PMI is required, the mortgage insurance premium may increase the APR and monthly mortgage payment. All loans are subject to approval in accordance with FRFCU’s lending policies. Please contact one of our Mortgage Loan Officers for further details.

APR calculation is based upon a loan amount of $275,000, and includes fee estimates for origination, flood certification, real estate tax service, settlement / closing, lender attorney review, and points, if applicable.


*NMLS#401965. Loans are subject to credit approval. 

Federally Insured by NCUA. Equal Opportunity and Equal Housing Lender.