NASA Federal Mortgages — $0 Down, No PMI
NASA Federal Mortgages cover home purchase, refinance and home equity for members nationwide, headlined by a $0 down, no PMI program and 30-year fixed rates as low as 6.536% APR. NASA Federal Credit Union (NASA FCU) is a not-for-profit cooperative chartered in 1949, based in Upper Marlboro, Maryland, and lends under NMLS #486583. This is an independent member guide, not the official site.
Because it is member-owned, NASA Federal returns value through pricing rather than shareholder profit. The headline products are a fixed-rate purchase mortgage, a low-down-payment program that waives private mortgage insurance, refinance options and home equity lending. Sign-in and applications are always completed on the official NASA Federal site — this page explains the programs and links you to the right places.
NASA Federal mortgage rates at a glance
View all rates & feesHome loan programs
30-Year Fixed
A predictable payment for the life of the loan, as low as 6.536% APR. Best for buyers who want long-term payment stability.
$0 Down, No PMI
Up to 100% financing with no private mortgage insurance, cutting the monthly cost that usually comes with a low down payment.
15-Year Fixed
A shorter term with a lower rate, from 6.133% APR, to build equity faster and pay far less total interest.
Refinance
Rate-and-term or cash-out refinance to lower a payment, shorten a term or tap equity for major expenses.
Home Equity
Home equity loans and lines of credit that let members borrow against the value they have already built in their home.
First-Time Buyer
Low-down-payment structures and guidance built for members buying their first home, with no PMI to keep payments manageable.
Why the $0 down, no PMI program matters
On a conventional loan, putting down less than 20% usually means paying private mortgage insurance, which can add roughly 0.3% to 1.5% of the loan amount every year with no benefit to the borrower. NASA Federal Credit Union structures its low-down-payment mortgage to avoid PMI entirely, so a qualified buyer keeps that cost in their pocket. According to the National Credit Union Administration, deposits and the cooperative are federally supervised; you can review credit union background on the official NCUA site.
NASA Federal by the numbers
NASA FCU has served members since 1949 and now reports roughly $5.8 billion in assets across more than 238,000 members and 13 branches — scale that supports competitive mortgage pricing nationwide.
Fixed-rate stability for the long haul
A fixed-rate NASA Federal mortgage locks your principal-and-interest payment for the entire term, so a rise in market rates never changes what you owe each month. That predictability is the reason most buyers still choose the 30-year fixed, while the 15-year fixed trades a higher payment for a lower rate and far less lifetime interest. Pairing either term with the $0 down, no PMI program keeps the up-front and monthly cost as low as the credit union can price it, and refinance stays open later if rates fall.
Talk to NASA Federal
Compare mortgage options, get pre-qualified and apply — all on the official credit union site.
Member support: 1-888-627-2328
How to apply for a NASA Federal mortgage
- Confirm eligibility — membership is open nationwide, so almost anyone can join and then borrow.
- Gather income, employment and asset documentation for the underwriter.
- Compare the 30-year fixed, 15-year fixed and $0 down, no PMI options against your budget.
- Get pre-qualified so you know your price range before you shop for a home.
- Complete the application and sign-in only on the official NASA Federal website.
Ready to move forward? Apply on the official NASA Federal site, or review the routing number 255077833 if you are setting up automatic mortgage payments. New to the credit union? Start with membership, then manage everything through online banking. You can also compare auto and RV loans if you are financing more than a home.
NASA Federal mortgages — FAQ
- What are current NASA Federal mortgage rates?
- NASA Federal Credit Union advertises 30-year fixed mortgages as low as 6.536% APR (a 6.375% note rate) and 15-year fixed as low as 6.133% APR. Verify current rates on the official site.
- Does NASA Federal offer a $0 down mortgage with no PMI?
- Yes. NASA FCU offers a home loan program with up to 100% financing and no private mortgage insurance, which can lower the monthly payment for qualified buyers.
- What is the NASA Federal mortgage NMLS number?
- NASA Federal Credit Union operates under NMLS #486583. You can confirm any loan officer or the institution through the NMLS Consumer Access registry.
- Can I refinance my mortgage with NASA Federal?
- Yes. NASA Federal offers rate-and-term refinance, cash-out refinance and home equity options for members nationwide. Membership is open to almost anyone.
- Do I have to work for NASA to get a NASA Federal mortgage?
- No. Membership is open nationwide through partner associations, employer groups and family relationships, so you do not need to work for NASA to apply.