Community Heroes Mortgage Program

We are proud to serve those who serve us through their dedication to our community and country. Our Community Heroes Mortgage Program is designed to assist everyday heroes achieve their homeownership goals.

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Serving those who serve us.

We’re here to help you find a mortgage that meets your budget. With options that offer no closing costs and lower down payments, we have solutions to help you save more.

Lower monthly payments with discounted PMI premiums.

PMI or Private Mortgage Insurance is typically required when you make a down payment of less than 20% on the home’s purchase price. A PMI premium is added to your monthly mortgage payment based on your loan amount, down payment, and credit score.

Purchase your home with as little as 3% down.

For veterans, there may be no down payment required. Talk to one of our mortgage experts at 888.413.0672 for more details.

Purchase your home with as little as 3% down.

For veterans, there may be no down payment required. Talk to one of our mortgage experts at 888.413.0672 for more details.

Additional Highlights and Savings

Fixed-rate home loans with terms of up to 30 years.
No closing cost options.¹
Save money with no application fee and biweekly payments.
On-time closing guarantee²
If rates go down, you may be able to re-lock at a lower rate with our Rate Re-Lock Program³
No pre-payment penalties.

Who is Eligible?

First Responders

Paramedics, EMTs, Firefighters, Police Officers, Emergency Dispatchers, Search and Rescue Teams, Emergency Management Personnel, Emergency Medical Service (EMS) Personnel

Medical Professionals

Physicians (Doctors), Surgeons, Nurses, Dentists, Pharmacists, Physical Therapists, Occupational Therapists, Radiologists, Lab Technicians, Psychiatrists and Psychologists, Optometrists and Ophthalmologists, Chiropractors, Naturopathic Doctors, and Administrative Support.

Military Personnel

Military, Reserves, National Guard, or Veteran (as evidenced by dd-214)

Government Employees

An individual employed by a government agency or entity at the local, state, or federal level.

Educators

Teachers, Professors, Instructors, and Administrative Support.

Our mortgage experts are here for you.

Have questions or need help along the way? We are here to serve you! Call 888.413.0672 to talk with one of our mortgage lending experts.

FAIRWINDS NMLS #715408

Loans are subject to credit union membership eligibility, credit approval, and verification of information provided on the application. Other terms and conditions may apply. Terms and conditions subject to change at any time without prior notice.

¹ All normal closing costs are paid by FAIRWINDS. This includes the application fee, origination charge, appraisal, title insurance, settlement and search fees, recording fees, and mortgage document stamps. This does not include the prepaid escrow, first year’s homeowner’s insurance, property taxes, interim interest, and, in the case of a purchase, owner’s title insurance or deed document stamps, which are normally paid by the seller. If the loan is paid off within 3 years, you will be required to repay the closing costs paid by FAIRWINDS. This No closing costs offer is not available in Massachusetts.

² Payment made in the form of credit applied to closing costs. The delay must be caused by FAIRWINDS Credit Union in order to be eligible for the $5,000 credit towards your closing costs, $3,000 towards the buyer’s Closing Costs, and $2,000 towards the seller’s Closing Costs.

The closing date must be at least 30 days from the later of the loan application date and the purchase contract date.
All documents must be submitted to FAIRWINDS within 2 business days of a request: full income verification, complete asset statements, credit reporting documents, and any other documentation requested.
There are 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 FAIRWINDS Credit Union.
Promotion is available for loan-to-values 97% or less.
You may not change the loan program or down-payment amount during the loan process.
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 FAIRWINDS' control, etc.

You must close and fund the loan with FAIRWINDS Credit Union to receive the $5,000 credit toward your closing costs, $3,000 towards the buyer, and $2,000 towards the seller.

Offer applies only to loans to finance the purchase of a home. Offer not available on Construction-permanent financing, jumbo loan financing (loan amounts in excess of $726,200), 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.

³ Rate re-lock is available for mortgage purchase and mortgage refinance. After the first relock, there is a charge of $250.00 for each relock of the interest rate. The final interest rate must be locked in at least seven days prior to the closing of your loan. If you choose to relock more than once, the fee is due at the time of the rate relock and is charged for each relock. This offer is subject to change at any time. Certain terms and restrictions apply. Applicants choosing to participate in the Fannie Mae HomeReady®, FHA, or VA programs are not eligible for the FAIRWINDS relock program.