Home Mortgage Loans

Purchasing a home is among the biggest decisions we’ll make in our lives, and the right mortgage is just as important as the right house. Ocean Communities is a community institution first and foremost. We take great care to inform and assist you through every step of the home buying process.

Our home mortgage loans feature competitive rates and we offer several types of loans. From VA loans for veterans to first-time homebuyer specials, we have the right mortgage to meet your needs. 

  • Competitively low rates for home purchase, refinance, or construction
  • Available for second homes, mobile homes, condos, land, and more
  • A wide range of terms customized to your unique situation
  • A wide range of financing programs available:
    • Fixed rate mortgages
    • Adjustable rate mortgages (ARMs)
    • USDA Rural Housing Loans
    • FHA Loans
    • VA Loans
    • First-Time Homebuyer specials
  • Helpful loan advisors with working knowledge of the local real estate market
  • Free pre-approval for extra confidence when it comes to securing financing
  • Refinance your current home to potentially lower your rate
  • Local decision-making and processing in Southern Maine

Learn More

Visit the HomeAdvantage Program powered by CU Realty Services to learn more!

Check out the mortgage center to view rates and more!

Have a question? The Consumer Financial Protection Bureau is a great resource with information ranging from understanding your loan options to what to bring to your closing.


While selecting the flooring options and paint colors may be more exciting, understanding your mortgage options could benefit you tremendously. At Ocean Communities, we're committed to being your neighbor, not just your lender.

fixed-rate mortgage is just as the name implies; the interest rate on your mortgage is fixed for the duration of the term. The most common term is 30 years, but 10-year, and 15-year mortgages are also available. With a fixed-rate mortgage, you know what your monthly payments will be with no surprises.

An adjustable rate mortgage (ARM) can provide increased buying power up front, but the rate will change in time. An ARM typically has a lower initial rate that lasts for a pre-determined period. After this initial period, the rate will be adjusted every year thereafter. This option is often utilized if an increase in income is expected or if the home is purchased with the expectation to resell in 5-7 years.

A note about rates:

Comparing rates can be a potential money-saver, but when comparing rates keep a few things in mind. Since rates can change daily, it is important to call all the lenders on the same day for a true comparison. Also, be certain you identify the same parameters (loan type, length of term, lock-in rate, points) to be certain your quotes are for the same loan.

S.A.F.E. Act

Secure and Fair Enforcement for Mortgage Licensing Act (S.A.F.E. Act)

In order to comply with the National Credit Union Administration's adoption of the S.A.F.E. Act, Ocean Communities Federal Credit Union presents the following mortgage loan originator information for CU staff who are registered with the National Mortgage Licensing System (NMLS):







531679 SICO, RUTH E


In order to provide home buyers and the general public with greater information concerning the companies and professionals in the mortgage industry and in fulfillment of the federal S.A.F.E. Mortgage Licensing Act, the Nationwide Mortgage Licensing System and Registry (NMLS) has launched a website called NMLS Consumer Access. NMLS Consumer Access is a fully searchable website that allows the public to view information concerning Ocean Communities Federal Credit Union's Mortgage Loan Originators registered through NMLS. To visit the Consumer Site, please go to http://www.nmlsconsumeraccess.org/. The NMLS ID # for Ocean Communities Federal Credit Union is 494745.


Mortgage Life Insurance

This buys you peace of mind as it helps cover your home loan. It pays off or reduces your mortgage balance if you die, relieving your family of a major, long-term debt — and helping them keep the home they love. All mortgage customers under age 70 are eligible to apply for it. 

Mortgage Disability Insurance

No matter what other disability income you may receive, having your monthly mortgage payment taken care of would relieve you and your family of a major financial concern at a very difficult time. Disability coverage makes your monthly mortgage payment up to $1,500 per month for up to 24 months.

Both of the above insurances are offered by CUSO Mortgage Corporation and are optional to you.

Home Mortgage Loans

Get the process started — online.