The Local Government Federal Credit Union is a mortgage from Local Government Federal Credit Union. Typical credit limit: may be eligible for 100% financing or closing credit up to $1,000. Loan terms: 30-year amortization; fixed 5 or 10 years then adjusts. Strengthen your homebuying power or refinance your loan with an adjustable-rate mortgage (ARM). It’s a fixed mortgage rate for 5 or 10 years, then adjusts with a cap.