Finance Your Home With Us
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. We’re also proud to serve Active U.S. Military and U.S. Military Veterans with our VA Mortgage benefits.
$1,000 Mortgage
Lender Credit
We work with you from start to finish to find the best mortgage for YOU — not just what’s easiest for us. Our seasoned mortgage professionals have helped thousands of members navigate the mortgage process with confidence, whether it’s your first home, your dream home, or a smart refinance.
And here’s what really sets us apart:
- 100% no-money-down financing options to help you buy your home with $0 out of pocket on the purchase price and keep your savings for moving, furnishings, or whatever matters most to you.
- Competitive fixed-rate and adjustable-rate mortgages (ARMs) to match your goals, whether you want payment stability or lower initial rates.
- Greater guideline flexibility with no rate add-ons and no LLPAs (Loan-Level Price Adjustments) that many other lenders tack on. What you see is what you get, with transparent pricing without hidden surprises.
A Credit Union You Can Trust
We’ve proudly served our members for over 100 years as a member-owned credit union. That means our focus is, and always will be, on helping you succeed, not maximizing profits.
Ready to Get Started?
Make home ownership more accessible, more affordable, and a lot less stressful. Connect with our mortgage team today and explore your options.
Conventional Fixed-Rate and Jumbo Mortgages
Adjustable Rate Mortgages
Refi Advantage Program
The FRFCU VA Mortgage Difference
| Program | Rate | APR | Points | Price per Thousand |
|---|---|---|---|---|
| 30 Year Fixed Rate (up to 100% Financing Purchase) | 7.00% | 7.190% | 1 | $6.65 |
| 5/6 ARM | 7.00% | 7.050% | 0 | $6.65 |
Click here for additional Mortgage rates and information.
Payment example does not include amounts for taxes and insurance premiums, if applicable. The actual payment obligation will be greater.
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Meet Our Loan Officers
Bill Panayote
Buying a home is one of life’s most important milestones, and Bill Panayote is committed to making the mortgage process as smooth, straightforward, and stress-free as possible. With 24 years of experience in the mortgage industry, Bill combines extensive industry knowledge with a personalized approach to help clients achieve their homeownership goals.
Bill understands that every borrower’s financial situation and homeownership journey is unique. Whether you’re purchasing your first home, moving into your next one, or refinancing an existing mortgage, he takes the time to understand your needs, explain your options, and guide you toward a mortgage solution that aligns with your goals. He has a particular passion for working with first-time homebuyers, helping them navigate the process with confidence and clarity from application through closing.
For Bill, mortgage lending is about more than rates, terms, and approvals. It’s about building lasting relationships, earning trust, and delivering an exceptional experience at every step. His commitment to personalized service has earned him consistent customer service awards and, most importantly, the trust and appreciation of the clients he serves.
Phone: (908) 210-6503
Email: bpanayote@finresc.org
NMLS# 413752
David Clark
With 35 years of experience in mortgage lending, David “Dave” Clark brings extensive industry knowledge and a personalized approach to helping clients achieve their homeownership and financing goals. He specializes in structuring purchase and refinance solutions tailored to each client’s unique financial circumstances, ensuring they have the information and guidance needed to make confident, informed decisions.
Dave is known for his commitment to exceptional service, strong client relationships, and ability to simplify the mortgage process. Much of his business comes from repeat clients and personal and professional referrals—a testament to the trust he has built throughout his career. From the initial application through closing, Dave works closely with clients to make the mortgage experience as smooth and straightforward as possible.
Phone: (908) 331-9573
Email: dclark@finresc.org
NMLS# 699087
Amy Sodowich, CFP®
With almost 30 years of experience in the financial services industry, including well over a decade specializing in residential mortgage lending, Amy brings a unique combination of financial planning expertise and mortgage knowledge to every client relationship. A CFP® practitioner since 2003, she understands that a mortgage is more than just a loan—it is an important part of a client’s overall financial picture.
Amy is committed to helping clients make informed, confident decisions when purchasing or refinancing a home. Through personalized guidance and clear communication, she strives to make the mortgage process as seamless as possible while keeping each client’s individual needs and goals at the forefront.
Her approachable style, professionalism, and dedication to exceptional service have earned her lasting client relationships, repeat business, and referrals from family and friends.
Phone: (908) 524-6181
Fax: (908) 253-6406
Email: asodowich@finresc.org
NMLS#: 1021068
Our Members Say it Best!
“We had our closing today and everything went smoothly. I can’t believe that you and I first connected just over 30 days ago, and got all of our mortgage paperwork and approvals completed.
Thank you for making this mortgage process an overall Great Experience!”
“The FRFCU loan officer was amazing in answering the zillion questions I had. She was always reachable and was expeditious in responding to emails from me/my agent/attorney throughout the entire process.
We had considered Chase as our mortgage lender but I’m so glad that we decided to go with FRFCU. It was a great experience all around, thanks again for such great service.”
“Thank you for all your support during my entire Mortgage process. Starting from application submission, till the end of the process you were there for me for all my questions and clarifications.
Thank you SO much, it was a pleasure working with FRFCU on my mortgage. You were all on point and on time making the process a cake walk.”
Get in Touch About Mortgages
Do not include sensitive personal information when submitting an inquiry using this form.
About Financial Resources Federal Credit Union
At Financial Resources Federal Credit Union (FRFCU), we’re more than a place to borrow. We’re a financial partner dedicated to helping you make confident decisions about your money and your future. As a member-owned, not-for-profit credit union, we put people first, offering personalized service, competitive financial solutions, and guidance designed around your goals, not outside shareholders.
For more than 100 years, FRFCU has been serving individuals, families, and businesses throughout New Jersey. Our commitment is simple: provide the trusted advice, personal attention, and financial resources our members need. When you choose FRFCU for your home equity needs, you’re choosing a partner who understands that your home is one of your most important financial assets, and who is invested in helping you make the most of it
Frequently Asked Questions
What type of Mortgage is right for me?
How much do I need for a down payment?
Should I get pre-approved before shopping for a home?
Can I refinance my existing Mortgage?
What documents do I need to apply for a Mortgage?
Rates are based on evaluation of credit history, loan-to-value, and loan term, so your rate may differ. For primary residences, second homes, or investment property. Loans are subject to credit approval.
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 680. 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.
Annual Percentage Rate (APR) calculation is based upon a loan amount of $300,000, and includes fee estimates for origination, flood certification, real estate tax service, settlement / closing, lender attorney review, and points, if applicable.
All loans are subject to approval in accordance with FRFCU’s lending policies. Other terms and conditions may apply. Terms and conditions subject to change at any time without prior notice. Please contact one of our Mortgage Loan Officers for further details.
NMLS #401965. Federally Insured by NCUA. Equal Opportunity and Equal Housing Lender.
All rates are subject to change without notice.
Loans are not available in Texas, Alaska, Hawaii, or Puerto Rico.