US Mortgages

US Mortgages

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Mortgage types

Adjustable Rate Mortgages (ARMs)

UNFCU offers Adjustable Rate Mortgages (ARMs) for the financing of primary residences and second homes. With an ARM, the rate is subject to adjustment after the initial fixed period.

For example, if you choose a 7/1 ARM, your interest rate will be fixed for the first seven years of your mortgage and will be subject to change annually after the initial period.

UNFCU applies adjustment caps, including a lifetime cap, to limit the amount by which the rate can vary.

Fixed Rate Mortgages

For members who would prefer to lock in their rate for the life of the mortgage, we offer fixed rate mortgages. Choose from 10 to 30 year fixed rate mortgages when purchasing a primary residence, and from 10 to 15 years for the purchase of a second home.

If you are purchasing an investment property, please contact a UNFCU mortgage representative to discuss your financing options.

Savings

Premium Mortgage Advantage

Receive 0.25%1 off your UNFCU Adjustable Rate Mortgage

How to qualify
  • Select the Premium Mortgage Advantage Reduced Rate Program option when applying for a UNFCU adjustable rate mortgage (ARM)
  • Deposit or maintain a minimum of $100,000 in your UNFCU membership savings account before your mortgage closing
  • Set up a direct payment from a UNFCU account for your scheduled monthly mortgage payment
How it works

You will receive 0.25% off UNFCU’s published rate for your ARM when you meet the above requirements at closing. You will continue to receive the reduced rate throughout the initial fixed period of your ARM as long as you:

  • Maintain at least $100,000 in your membership savings account and
  • Make your scheduled monthly mortgage payment via automatic debit from your UNFCU account

If you cease to meet the requirements, your participation in the program will end and your rate for future payments will increase by 0.25%. Stay qualified and pay less for your home with the reduced rate.

Read the Terms and Conditions of the Reduced Rate Program for full details.

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Related Services
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Calculators
  1. The 0.25% rate reduction will be applied to the published interest rate of UNFCU adjustable rate mortgage products for members who qualify for the Premium Mortgage Advantage Reduced Rate Program.

Disclaimer: Housing counseling agencies approved by the US Department of Housing and Urban Development (HUD) can offer independent advice about whether a particular set of mortgage loan terms is a good fit based on your objectives and circumstances, often at little or no cost. If you are interested in contacting a HUD-approved housing counseling agency in your area, you can visit the Consumer Financial Protection Bureau’s (CFPB) website, www.consumerfinance.gov/find-a-housing-counselor, and enter your zip code. You can also access HUD’s housing counseling agency website via www.consumerfinance.gov/mortgagehelp. For additional assistance with locating a housing counseling agency, call the CFPB at 1-855-411-CFPB (2372).

Featured Rates

Savings0.20% APY
Checking0.05% APY
IRA0.20% APY
Clubs0.20% APY
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