Finance Your Dream 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.
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.
Get in Touch About Mortgages
Adjustable Rate Mortgages
Adjustable-Rate Mortgages are perfect for short-term homeownership, large payments towards the loan in the first few years, or for members simply looking to save money with a lower fixed rate.
Refi Advantage Program
Lower your monthly payment, consolidate debt, or pay off your mortgage sooner with a mortgage refinance.
Conventional Fixed-Rate and Jumbo Mortgages
Select from 10, 15, 20 and 30-year terms with a fixed rate for the length of the Conventional Fixed Rate or Jumbo Mortgage Loan.
The FRFCU VA Mortgage Difference
Save money with a zero down payment VA home loan!
| Program | Rate | APR | Points | Price per Thousand |
|---|---|---|---|---|
| 30 Year Fixed Rate (up to 100% Financing Purchase) | 7.25% | 7.450% | 1 | $6.82 |
| 5/6 ARM | 7.00% | 7.050% | 0 | $6.65 |
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Meet Our Loan Officers
Bill Panayote
Bill has been a mortgage loan originator for over 12 years. He has gained a great deal of experience structuring various types of purchase and refinance loans to best suit his customers’ needs.
Over the years, many of his clients have been first time home-buyers and through Bill’s guidance they have a clear understanding of the mortgage process. Also, his dedication to his clients and his high level of service has earned him consistent customer service awards.
Financial Resources Federal Credit Union will lend in all United States except Hawaii, Alaska and Texas. Please contact me today to explore how we can help you finance your dream!
Nationally registered
Phone: (908) 210-6503
Email: bpanayote@finresc.org
NMLS# 413752
David Clark
Dave has been helping home owners with their mortgage needs for 35 years. He has gained a great deal of experience structuring various types of purchase and refinance loans to best suit his customers’ needs to ensure each client gets the right mortgage for their personal needs.
Dave is highly regarded for his high level of service which is why the majority of his clients are from personal and business referrals. Dave knows how to simplify what can be a complicated process and assist you from application through to your closing.
If you are thinking about purchasing a new home, refinancing your current home or just need assistance with the mortgage process, Dave is always willing to help.
Financial Resources may lend in 47 out of 50 states, excluding Alaska, Hawaii and Texas. Please contact Dave today to explore how he can help you finance your dream!
Phone: (908) 331-9573
Email: dclark@finresc.org
NMLS# 699087
Amy Sodowich, CFP®
Amy has over 25 years of experience in the financial industry and has spent the last 12 years in residential lending. A licensed CFP® practitioner since 2003, Amy’s financial planning background is a complement to her work as a loan officer. Her primary focus is to ensure she is doing the best job possible for her clients and putting their needs and goals first.
Buying or refinancing a home is one of the biggest financial decisions you will ever make. Amy will help you to understand the process and is there to answer questions every step of the way. Her personable approach and professional guidance are why so many clients have returned over the years, and why they have referred family and friends to her.
Financial Resources will lend in 47 out of 50 states, excluding Alaska, Hawaii and Texas. Please contact Amy today and let her help you achieve your goals!
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.”
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?
The right Mortgage depends on your financial situation, homeownership goals, and how long you plan to stay in your home. Fixed-rate mortgages offer predictable monthly principal and interest payments, while adjustable-rate mortgages may provide a lower initial rate that can change over time. A FRFCU mortgage specialist can help you compare your options and choose the loan that best fits your needs.
How much do I need for a down payment?
The amount you need for a down payment varies by loan program and your financial qualifications. While some loans require a larger down payment, others allow qualified borrowers to purchase a home with much less. Your lender can help you understand the options available based on your goals and eligibility.
Should I get pre-approved before shopping for a home?
Yes. A Mortgage pre-approval gives you a better understanding of how much home you may be able to afford and shows sellers that you’re a serious buyer. It can also help streamline the home-buying process once you find the right property.
Can I refinance my existing Mortgage?
Yes. Refinancing may allow you to potentially lower your interest rate, reduce your monthly payment, change your loan term, or access your home’s equity, depending on your financial situation and current market conditions. A FRFCU mortgage professional can help determine whether refinancing makes sense for your goals.
What documents do I need to apply for a Mortgage?
Most mortgage applications require proof of income, recent tax returns or W-2s, bank statements, identification, and information about your assets and debts. Additional documentation may be requested based on the loan program and your financial circumstances. Having these documents ready can help make the application process smoother.
APR = Annual Percentage Rate.
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.