Second Home Morgages

Make lasting memories with a Second Home Mortgage from Langley


A Second Home Mortgage is perfect for borrowers looking to extend their stay and enjoy extra time in a home away from home. With a Second Home, our borrowers get the flexibility of travel, and feel confident knowing that they have another place to call their own. Langley offers a fixed and adjustable term, low closing cost, and no PMI. We will fund up to 90% of the value of your home!

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Current Second Home Mortgage Rates

Term Rate APR[1]
Second Home 30 Year Fixed[3] 6.250% 6.331%
Second Home 5/5 ARM Balloon[4] 4.750% 3.730%


Frequently Asked Questions About Langley Mortgages

How long does the mortgage process take?

30 days for a purchase. 45-60 for a refinance. Exceptions can be made.

Can I talk with someone at Langley before I apply for a mortgage?

Yes, we have loan officers in several of our branches and two located in the mortgage department. Please call and ask to speak to a mortgage loan officer.

What do I need to apply for a mortgage?
  1. W-2 forms for the last two years
  2. Current paystubs covering most recent 30 days
  3. If self- employed or if you own rental property, the last two years' tax returns are required.
Do I need a realtor before I apply for a mortgage?

No, you can be preapproved before you start your new home search.

Is this mortgage only for primary residences?

The 30 Year Fixed Rate option does require an attestation that the property will be occupied as the primary residence at some point during the life of the loan.

The Adjustable Rate does not require the borrower to occupy the property as a primary residence during the life of the loan.

Calculate Your Payment

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Already have a mortgage application in process?

Visit the Langley Mortgage Center where you can complete an unfinished application or see the status of your submitted application.

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[1]APR=Annual Percentage Rate. 30-Year Fixed 6.250% (6.331% APR) - up to 75% LTV. The interest rate is current as of June 13, 2022. Offer applies to borrowers with a credit score of 740 or better depending on credit qualifications. All Credit Union loan programs, rates, terms, and conditions are subject to credit approval and may change at any time without notice. The payment on a $200,000, 30-year Fixed-Rate Loan at 6.250% (6.331% APR) is $1231. Lending available on properties located in MD, VA and NC. Property insurance and, if applicable, flood insurance is required. Payment does not include taxes and insurance premiums. The actual payment amount will be greater. Some restrictions may apply.

[2]Offer only available in Hampton Roads. This rebate is for those who are not yet working with a realtor within the limited service area of Hampton Roads MSA. You must register here, prior to engaging a realtor, to receive the rebate. Conditions apply. The Rebate Offer is only open to new clients of our Realty Partners without a current or pre-existing relationship with the brokerage or agents of the brokerage. You must register to qualify. Once you register you will be contacted by our Realty Partner to confirm you qualify for the Rebate offer. The Rebate Offer may not be combined with other offers or incentives. The Rebate Offer is subject to change without notice.

[3]The 30 Year Fixed Rate option requires an attestation that the property will be occupied as the primary residence at some point during the life of the loan.

[4] Fixed 4.750% / 3.730% Annual Percentage Rate for the first five years. The interest rate is current as of June 13, 2022. No Private Mortgage Insurance. Up to 95% LTV for purchases. Maximum loan amount is $750,000. After the five year fixed-rate period, your interest rate is subject to change- up or down according to market rates at the time of reset and each five years thereafter. The payment terms are based on a 30-year mortgage, with a 15 year term. At the end of the 15-year term, there will be a balloon payment required to payoff off the remaining principle balance, as well as any unpaid interest due. Offer applies to borrowers with a credit score of 710 or better depending on credit qualifications. All Credit Union loan programs, rates, terms, and conditions are subject to credit approval and may change at any time without notice. Lending available on properties located in MD, VA and NC. Property insurance and, if applicable, flood insurance is required. These payments do not include taxes and insurance premiums. The actual payments will be greater and rates provided are based on current market rates, and are informational only. Payments are estimates and include only principal and interest. Some restrictions may apply.