Mortgage Purchasing

Open the door to ownership with 3% down.‍3

Homebuying is in reach with a 3% down Fixed-rate or ARM option.

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Mortgage Rates

Current rates

Adjustable-rate Mortgages (ARMs)‍2

ARMs feature a fixed initial rate which is subject to adjustment after a set period.

We offer 3/3, 5/3, and 7/3 ARMs. The first number indicates the number of years in which the initial rate will not change. The second number indicates, in years, how often the rate is subject to change.

ARMs are a great option if: you move frequently or want the potential for a lower payment, should mortgage rates decrease.

Mortgage ARM Rates
TermRates As Low AsAPR‍1Monthly Payment‍1
3/3 ARM5.250%6.422%$552.20
5/3 ARM5.750%6.262%$583.57
7/3 ARM6.250%6.429%$615.72
Accurate as of 10/28/2025

Fixed-rate Mortgages

Our fixed-rate Mortgages feature an interest rate that will not change for the entire duration of the loan (unless you intentionally take action to change it, such as refinancing a home loan if interest rates decrease).

Fixed-rate Mortgages are a great option if: you intend to stay in your home for at least 10 years and prefer a consistent monthly payment.

Mortgage Fixed Rates
TermRates As Low AsAPR‍1Monthly Payment‍1
30-year fixed5.625%5.773%$575.66
20-year fixed5.375%5.572%$680.85
15-year fixed5.125%5.372%$797.32
Accurate as of 10/28/2025

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Blog

Learn more about buying a home

8 Steps of Home Buying (and How to Make Them Easier)

We break down eight of the most important steps of home buying and give you an easier way to complete them.

Is an Adjustable-Rate Mortgage Right for You?

Mortgages are not one-size-fits-all. Your specific circumstances dictate what mortgage product is right for you. In this blog, we will look closely at adjustable-rate mortgages and determine when they might be the right choice for you.

Pre-Qualify vs. Pre-Approve: What’s the Difference?

When home buying, knowing whether to get pre-qualified or pre-approved could be the difference between landing your dream home and losing it to another buyer.

FAQs: You Asked. We Answered.

Do you refinance existing mortgages?

Yes, we offer home loan refinancing. Please see our Mortgage Refinance page for more information.

Can I apply for a loan before I find a property to purchase?

Yes, applying for a mortgage loan before you find a home may be the best thing you could do! If you apply for your mortgage now, we’ll issue an approval subject to you finding the perfect home. We’ll issue a pre-approval letter online instantly. You can use the pre-approval letter to assure real estate brokers and sellers that you are a qualified buyer. Having a pre-approval for a mortgage may give more weight to any offer to purchase that you make.


When you find the perfect home, you’ll simply call your Mortgage Loan Officer to complete your application. You’ll have an opportunity to lock in our great rates and fees then and we’ll complete the processing of your request.

I am a first time homebuyer. What loan programs do I qualify for?

Most of our loan programs can be used for first time homebuyer purchase transactions. Depending on your income you may qualify with as little as 3% down payment. Consult with your lender to find out what you qualify for.

What loan programs do you offer?

We offer mortgage financing for purchase and refinance transactions. With a variety of affordable fixed rate and adjustable rate mortgage options, you’re sure to find a program that fits your needs. Consult with your lender to find the best solution for you.

How is my interest rate determined?

The interest rate you pay on your mortgage is based on a variety of factors. Your lender will review your individual credit circumstances, including down payment, loan term and type, current market rates, and provide you financing options to best fit your needs.

What is a credit score and how will my credit score affect my application?

A credit score is one of the pieces of information that we’ll use to evaluate your application. Financial institutions have been using credit scores to evaluate credit card and auto applications for many years, but only recently have mortgage lenders begun to use credit scoring to assist with their loan decisions.


Credit scores are based on information collected by credit bureaus and information reported each month by your creditors about the balances you owe and the timing of your payments. A credit score is a compilation of all this information converted into a number that helps a lender to determine the likelihood that you will repay the loan on schedule. The credit score is calculated by the credit bureau, not by the lender. Credit scores are calculated by comparing your credit history with millions of other consumers. They have proven to be a very effective way of determining credit worthiness.


Some of the things that affect your credit score include your payment history, your outstanding obligations, the length of time you have had outstanding credit, the types of credit you use, and the number of inquiries that have been made about your credit history in the recent past.


Credit scores used for mortgage loan decisions range from approximately 300 to 900. Generally, the higher your credit score, the lower the risk that your payments won’t be paid as agreed.


Using credit scores to evaluate your credit history allows us to quickly and objectively evaluate your credit history when reviewing your loan application. However, there are many other factors when making a loan decision and we never evaluate an application without looking at the total financial picture of a member.

How long will it take to process my loan application?

Processing your application can vary by lender and market conditions. The typical timeframe from application to closing ranges from 30 to 60 days.

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Disclosures

* Calculated based on the difference between the amount paid in interest between Connexus Credit Union’s rate at 5.773% APR compared to 6.437% APR for the National market average over the life of a $250,000 mortgage over 360 months. Accurate as of: 10/27/2025. Source: Datatrac

  1. APR = Annual Percentage Rate. Advertised rate reflects all available discounts and is current as of 10/28/2025. Rates and terms subject to change. Rates based on a loan amount of $100,000. Our advertised fixed rate includes 1-point origination fee, which means you pay 1% of the loan amount upfront, to get a lower rate. Other options are available. ARM rates based on a loan amount of $100,000. Loan is subject to credit approval and actual rate is based on applicant’s credit history and term of loan. Credit Union membership necessary. Separate payment of taxes and insurance may be required. Products not available in Maryland, Hawaii and Alaska. Cash-out mortgage refinances are not available in Texas.
  2. Interest is fixed for a set period of time, and adjusts periodically thereafter. At the end of the fixed rate period, the interest and monthly payments may increase. Products not available in Maryland.
  3. Eligibility is dependent on loan amount, loan type, and property type requirements. With a low down payment, mortgage insurance is required and will increase loan cost and monthly payment.