Mortgage Rates

Whether you want to buy, refinance or utilize the equity in your home, our low Mortgage and experienced Home Mortgage Advisors are here to ease the process for you.

Check out our low Mortgage and Home Equity rates

Effective 02/22/2024 08:39 AM

Conventional Fixed Rate Mortgages1

With our fixed-rate mortgages, you’ll enjoy some of the lowest rates around. And your rate will never change so you will have peace of mind knowing exactly how much principal and interest you’ll be paying each month. 
Eligible for No Closing Costs**

Apply now

Interest rates as low as (based on term)

6.875%
 
APR* as low as
7.198%

Terms Available:
10, 15, 20, 30-year

Min. Down Payment:
5%

More Details:
Fixed rate

Jumbo Mortgages2

This is the best option for larger loan amounts. Competitively priced fixed and adjustable rate mortgages without the need for expensive discount points or origination fees.

Apply now

Interest rates as low as (based on term)

6.125%
 
APR* as low as
6.987%

Terms Available:
10, 15, 20, 30-year

Min. Down Payment:
10%

More Details:
Fixed & adjustable rates
Min. loan amount $766,551

First-Time Homebuyer Loan3

Specially designed for first-time home buyers. These loans begin with a fixed interest rate for the initial term and then can adjust. Option to convert to a fixed rate available.
 

Apply now

Interest rates as low as (based on term)

7.00%
 
APR* as low as
7.442%

Terms Available:
30-year loan with 7 or 10 year initial fixed rate periods

100% Financing Available

More Details:
Adjustable rate
No PMI

Adjustable-Rate Mortgages (ARMs)4

Another popular option, these loans begin with a fixed interest rate for the initial term and then can adjust. Option to convert to a fixed rate available.
Eligible for No Closing Costs**

Apply now

Interest rates as low as (based on term)

6.375%
 
APR* as low as
7.162%

Terms Available:
30-year loan with 5, 7, or 10 year
initial fixed rate periods

Min. Down Payment:
5%

More Details:
Adjustable rate

Home Equity Loan5

A Home Equity Loan may be an excellent way to utilize the equity in your home for a variety of reasons. 
Eligible for No Closing Costs.

Apply now

Interest rates as low as (based on term)

7.060%
 
APR* as low as
6.960%

Terms Available:
10,15, 20-year
 

Min. Down Payment:
Not required - maximum LTV is 90%
 

More Details:
Fixed rate

HELOC6

A Home Equity Line of Credit (HELOC) uses the equity in your home to establish a line of credit for immediate and future lending needs. 
Eligible for No Closing Costs.

Apply now

Interest rates as low as 
9.000%
 
APR* as low as
9.000%

Terms Available:
10 year draw period

More Details:
Adjustable rate
Floor 4%
Cap 18%

*APR= Annual Percentage Rate.

1Conventional Fixed-Rate First Mortgage- Terms are 10, 15, 20 and 30 years. Maximum loan amount is $766,550. New members must open a share account with a minimum $5 initial deposit (share account is required for membership). Credit and other restrictions apply.

2Jumbo Mortgages - Minimum loan amount for jumbo mortgages is $766,551. This special offer is available on conventional first mortgage programs. The minimum down payment for a Jumbo Mortgage Loan is 10%. All mortgage loans are subject to credit approval. New members must open a share account with a minimum $5 initial deposit (share account is required for membership). Offer may end at any time without notice.

3First-Time Homebuyer Loan -  Up to 100% financing of purchase price at or below $400,000. Maximum loan amount is $400,000. Closing cost is paid by the borrower. No Private Mortgage Insurance required. New members must open a share account with a minimum $5 initial deposit (share account is required for membership). Other exclusions and restrictions apply. All mortgage loans subject to credit approval.

4All Adjustable-Rate Mortgage (ARM) loans have a 30 year amortization. ARM rates are subject to change during term of loan. New members must open a share account with a minimum $5 initial deposit (share account is required for membership). Jumbo loans - call for details.

5Home Equity Loan – Terms are 10, 15 and 20 years. Minimum loan amount is $10,000. Maximum loan amount is $250,000. Credit and other restrictions apply. Title insurance may be required and is paid by borrower on home equity loans and HELOCs. Property insurance is required, and flood insurance may be required depending upon the location of the property. The amount of a home equity loan is based upon the current market value of the property, minus the amount of any current mortgages and other liens on the property. New members must open a share account with a minimum $5 initial deposit (share account is required for membership). 

Community First will pay the closing cost associated with home equity loans, excluding the cost of a full appraisal if required. Fixed rate equity loan terms are 10, 15 & 20 years. Home Equity Loan payment example: $50,000 borrowed for a 10 yr. term at 7.720% APR would equal a payment of $599.27 a month. Minimum loan amount is $10,000. Maximum loan amount is $250,000. Maximum loan-to-value is 90% of the property value. All home equity loans are subject to credit approval. Some other restrictions may apply.

6Home Equity Line of Credit (HELOCs) – No Closing Cost. The Annual Percentage Rate (APR) is a variable rate and is based on Wall Street Journal Prime plus an applicable margin. All home equity loans and lines of credit are secured by a lien on your home. Full appraisal, paid by applicant, may be required in certain circumstances. All rates and terms are subject to change without notice; please contact the Credit Union for current rates and terms. The cost of the appraisal can range from $575 to $800 and is the responsibility of the borrower. The min. APR is 4.00%, the max is 18%. Certain restrictions and limitations apply. Subject to credit approval. New members must open a share account with a minimum $5 initial deposit (share account is required for membership). This offer may end at any time.

Community First will pay the closing cost associated with home equity loans, excluding the cost of a full appraisal if required. Fixed rate equity loan terms are 10, 15 & 20 years. Home Equity Loan payment example: $50,000 borrowed for a 10 yr. term at 7.720% APR would equal a payment of $599.27 a month. Minimum loan amount is $10,000. Maximum loan amount is $250,000. Maximum loan-to-value is 90% of the property value. All home equity loans are subject to credit approval. Some other restrictions may apply.

All offers may end at any time without notice.

**Special Offer - No Closing Cost - Community First's No Closing Costs Mortgage Offer is available on primary and secondary residences only. Community First will pay up to $5,000 of the actual closing costs associated with this new mortgage excluding appraisal fees, origination fee, discount points, prepaid interest, private mortgage insurance, funds needed to establish the member's escrow account and non-lender fees. Maximum loan amount $766,550. This special offer is not available for First Time Home Buyer products. Some exclusions and restrictions apply. All mortgage loans subject to credit approval. This offer may end at any time.