First Mortgages

Buying a home? Building a Home? Refinancing?

No matter what your mortgage needs, we are there for you. We have more than 200 programs to help you finance your home. We offer a comprehensive and competitively priced product menu to meet the needs of each individual member. Our experienced mortgage support team of professionals will recommend the best option for you and even pre-qualify you faster than you thought possible.

You can save approximately $1,500 on average for a $100,000 loan by financing through Wawa Employees’ Credit Union. We do not charge many of the fees other mortgage companies do at closing, such as a broker fee, mortgage consultation fee, loan origination fee and more.

CLICK HERE to Apply For Your Mortgage Online Today!

Wawa Employees’ Credit Union offers a variety of mortgage solutions including:

  • Fixed Rate Mortgages
  • Adjustable Rate Mortgages
  • FHA Mortgages
  • Construction/Permanent Mortgages
  • Remodeling Mortgages
  • Refinancing Mortgages

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Fixed Rate Mortgages

With a fixed rate mortgage your interest rate remains the same for the length of your loan. Wawa Employees’ Credit Union offers various fixed rate term loans including conventional and jumbo, as well as FHA, VA and State Bond Programs which require little or no down payment. 

Adjustable Rate Mortgages (ARM)

An adjustable rate mortgage (ARM) usually offers an initial lower interest rate and initial lower monthly payments than a fixed rate mortgage. However, the interest rate with an ARM may increase or decrease over the term of the mortgage. To protect you against rapid rate increases, most ARMs have an interest rate "cap" or "ceiling". Some ARMs have a convertible feature that allows you to convert an ARM into a fixed rate mortgage at specific time periods. Applying online for your Adjustable Rate Mortgage is simple and easy.

FHA Mortgages

The FHA mortgage is a great way to obtain financing, particularly if you are purchasing your first home. This type of mortgage helps you get started because it requires a low down payment (as low as 3.50%), minimal credit history and allows flexible underwriting guidelines. FHA mortgages are available in both fixed and adjustable rate programs.

Construction/Permanent Mortgage

Now you can build your dream home and obtain permanent mortgage financing with a construction to permanent loan. A construction to permanent loan can make your home building process simple because Wawa Employees’ Credit Union has flexible guidelines and there is only one closing. Plus, extended options are available just in case problems or inclement weather prolong the time it takes to build your home. Upon completion, the mortgage becomes a permanent 15 or 30 year fixed rate mortgage with no additional costs or closing documents. You can choose a construction term of up to 12 months and a customized draw system to fit your individual needs.

Remodeling Mortgages

Does your current home or the new one you're buying need improvement or repairs? Or, are you interested in adding an addition to your existing property? If so, a remodeling mortgage can assist you. A remodeling mortgage enables you to finance both the purchase (or refinance) and repairs for the property. Remodeling mortgages can include repairs, as well as updates and eligible improvements. Most importantly, there is only one mortgage. Remodeling mortgages are available in conventional and FHA mortgages with fixed and adjustable rates.

Refinancing Mortgage

If you have a fixed-rate mortgage at a higher interest rate, refinancing could reduce your monthly payments or the number of years to pay off your loan. If your current mortgage is at an adjustable rate, we can help you lock in a low interest fixed rate mortgage. Most refinancing fees can be included in the new mortgage (if you have enough equity in the home present value), so you will have very little out-of-pocket closing costs.

Mortgage Pre-Approval

Our program provides you with the opportunity to be pre-approved for a mortgage up to the maximum loan amount and interest rate, before signing a contract on a specific property. You then have the assurance that you will qualify for a mortgage before shopping for a home.