Law Enforcement Program
Heroes Home Loan
For first-time homebuyers
No down payment
No private mortgage insurance
Every hero deserves a home
Saving up for a large down payment can be a huge challenge for first-time homebuyers. That's why we offer first-time homebuyers - or those who haven't owned a home for at least two years - 100% financing and other financial advantages that make homeownership attainable now.*
- For active-duty sworn and civilian law enforcement personnel
- Low financing rates
- No down payment
- No private mortgage insurance
- Fixed-rate loans of 30 or 40 years
- Personal assistance from our experienced mortgage lending team
REQUIREMENTS
- Cannot be a homeowner within the past 24 months
- 700 FICO® Score minimum
- Property must be in California
- Three months of payment reserves in savings
- Maximum 45% debt-to-income ratio
- Complete first-time buyer online class
- $250 application fee*
GET STARTED
- Complete the homebuyer education course at fanniemae.com/education.
- Email mortgageloanofficers@lapfcu.org your certificate of completion and request an appointment to apply for the loan.
- Pay a $250 application fee that will be credited back to you when the loan closes.
- A Mortgage Loan Officer will take the application over the phone, and you’ll receive a pre-approval letter within two business days.
Making things as easy as possible
An LAPFCU Mortgage Loan Officer will take your Heroes Home Loan application over the phone and send you a pre-approval letter within two business days.
RESOURCES TO SUPPORT A STRONG FINANCIAL FUTURE.
Free Shred Days
Drive-Thru Shred/E-Waste Disposal events 5/4 and 5/18.
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Credit Cards
From your first card to earning rewards and everything in between - we have a credit card that will fit your needs.
LAPFCU is a full-service credit union for sworn, civilian, and professional employees of police and sheriff's departments and their family members in Los Angeles, Orange, Riverside, San Bernardino and Ventura counties.