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Fraud Texts Security Alert
Please be aware that APGFCU will never send you text messages containing links to our website or instructing you to log into online banking. If you receive a text message with a link to APGFCU's website, do not click on it. Instead, visit apgfcu.com or use the mobile app to access your online banking account.
Melissa Parlett
Meet Melissa Parlett, your APGFCU Mortgage Loan Officer:
1204 East Pulaski Highway
Elkton, MD 21921
Cell: 410-937-0514
Fax: 410-612-2477
NMLS#: 804652
Apply Now Mortgage Calculators Search Mortgage Rates
Melissa Parlett
Mortgage Loan Officer
Melissa joined APGFCU's mortgage lending team in October 2016 and provides expert mortgage lending advice to community members looking to purchase a home or refinance an existing loan. With over 20 years of financial service experience, Melissa excels at helping members find the best mortgage product to fit their needs.
"It's really important for me to provide members with the guidance they need to make one of the biggest financial decisions of their life," said Parlett.
Melissa lives with her husband, three children and two dogs in Cecil County and is currently pursuing a bachelor’s in Finance from the University of Maryland Global Campus.
Contact Melissa at 410-937-0514 for dedicated help finding your dream home.
Loan Options To Fit Your Home Financing Needs
Down Payment Loan Options
Zero Down Payment Options
- 80/20 Program
- Conventional first mortgage for 80% of purchase price plus a second mortgage for the remaining 20%
- $0 down, no mortgage insurance required
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Learn More About the
80/20 Program
- USDA (Rural Housing)
- Affordable options for up-front costs
- For a primary residence in an eligible rural area
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Learn More About
USDA (Rural Housing) Loans
- VA Loans
- 100% financing with $0 down
- No mortgage insurance required
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Learn More About VA Loans
Low Down Payment Options
- FHA Loan
- 3.5% down payment
- MI premium can be financed into a loan
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Learn More About FHA Loans
- Conventional 97% and 95% Loans
- 5% down payment (95%)
- Homeready with 3% down and reduced PMI
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Learn More About Conventional 97% and 95% Loans
- HomeReady 97%
- 3% down payment
- 1-unit primary residence, including condominiums, are eligible
- Reduced mortgage insurance (MI) rates
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Learn More About
HomeReady 97% Loans
Mortgage Options and Programs
Mortgage Loan Options
- Adjustable-Rate Mortgages (ARMs)
- Pay lower interest for the first few years of the loan
- Various term lengths
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Learn More About
Adjustable-Rate Mortgages
- Residential/Agricultural Loans
- Up to 85% CLTV
- Primary residence
- Fixed and ARMs allowed
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Learn More About
Residential/Agricultural Loans
- Jumbo Mortgage
- Loan amounts up to $1,000,000
- Fixed and adjustable rates are available
- Higher amounts may be considered
- Our jumbo mortgages are for borrowers whose desired loan amount exceeds area conforming limits:
- $726,200 - Cecil County, Harford County, Baltimore County and Baltimore City
Learn More About
Jumbo Mortgage Loans
- Lot Loans
For purchasing an improved, residential-zoned lot for the building of a primary or secondary residence.
- $200,000 maximum loan amount
- Construction must be completed within five years
- Up to 75% of purchase price or appraised value, whichever is lower
- Road access, electricity, water and sewer must be in place
- Not available for spec development or long-term investment
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Learn More About Lot Loans
Mortgage Programs and U Educate Rebate
- Down Payment/Closing Cost Assistance Programs
- U Educate Mortgage Rebate
If you're employed and paid by early childhood, primary and secondary schools and colleges, you may be eligible to receive a $500 rebate when you choose APGFCU to finance your home. To learn more about the rebate, click here.