Buying a Home

Whether you're a first-time homebuyer or a seasoned house-hunter, we can refer you to a Realtor and make finding, financing and insuring your new home easy.

Apply Now
Refinancing a Home

Looking to lower your monthly mortgage payment, switch to a fixed-rate loan, or get cash out to finance a home improvement project? We can point you in the right direction.

Apply Now
Mortgage Rates
LOAN RATE APR
30-year fixed 4.375% 4.417%
15-year fixed 3.375% 3.448%
10-year fixed 3.125% 3.230%
5/5 arm 2.875% 3.672%
Price your loan
Fixed-Rate Mortgage

With a fixed-rate mortgage, you know exactly what your mortgage payment will be for the life of the loan. If interest rates rise, your mortgage payment will remain constant. If rates drop in the future, you always have the option of refinancing. Fixed-rate mortgages are ideal for individuals who:

  • Plan to stay in their home seven or more years
  • Expect a steady (not rapidly increasing) source of income
  • Want the security of knowing their payment won't change
Product Features
  • 10-, 15-, 20- and 30-year terms
  • Interest-only option available
  • Buy a home with as little as 3% down
  • Loan amounts to $2,000,000
  • Primary residences, vacation homes and investment properties
  • 2-4 unit properties
How a Fixed-Rate Mortgage Works
  • Monthly payments based on principal and interest
  • Fully amortized - your loan pays off over the loan term
  • Your payment will never change
ARMs

ARMs typically have an initial interest rate lower than what is available for a fixed-rate loan. They offer the stability of a fixed rate for a period of 5 or 7 years, after which the rate and payment can increase or decrease annually. An ARM is generally best for people who:

  • Expect to sell their home before the end of the fixed-rate term
  • Anticipate a significant increase in income during the fixed-rate term
  • Expect interest rates to fall, and can accept the risk if rates increase
  • Apply for a mortgage during a period of high fixed rates and need the lower payment offered through an ARM
Loan Features
  • Fixed rate for 5 and 7 years
  • Buy a home with as little as 5% down
  • Loan amounts to $2,000,000
  • Primary residences, vacation homes and investment properties
How an ARM Works
  • Interest rates are fixed for the first 5 or 7 years of the loan
  • After the fixed-rate period, your interest rate can increase or decrease annually
  • Rate adjustment caps protect you by limiting the amount your rate can increase
Jumbo

Jumbo mortgages are for loans above the expanded conforming loan limit of $625,500. Other than the big loan amount, jumbo mortgages are similar to any other home loan, where you have a choice between fixed or adjustable rates and various loan terms. Jumbo loans are best for people who:

  • Need a mortgage between $625,501 and $2,000,000
  • Have excellent credit
  • Want to use equity for home improvements, debt consolidation or to get cash out
Loan Features
  • Loan amounts up to $2,000,000
  • Fixed and adjustable rate options
  • Buy a home with as little as 20% down
  • Primary residences only
  • 15-, 20- and 30-year terms
How the Jumbo Mortgage Works
  • Select from 15- or 30-year fixed, or 5/1 ARM options
  • Expect to have two appraisals done on your property
  • Expect higher credit standards to be required
5/5 ARM

Buying or Refinancing a Home? A 5/5 ARM may be a good option!

Rates as low as 3.974% APR*

The 5/5 Adjustable Rate Mortgage gives members a low initial rate, lower payments and longer fixed periods through the life of the loan. Similar to a 5/1 ARM, the 5/5 ARM features a rate that’s fixed for the first five years, but instead of your rate adjusting each year after the initial period, your rate adjusts only once every five years.

Benefits of the 5/5 ARM:

  • A lower initial rate
  • Lower monthly payments during the first five years
  • Greater payment stability; changes occur every 5 years vs. annually
  • Generous loan limits up to $2 million
  • Only 5% down for loans up to $850k with PMI approval

Apply Now or call 800.950.7328 to speak to a Mortgage Loan Consultant today!

You must enter a valid login ID.

×