fbpx
Mortgage Loans2022-05-09T08:41:30-05:00
family standing in a doorway

Mortgage Loans & Refinancing

The home you want is waiting.

Get in the door with up to $600 off closing costs. Use promo code SAVEONCLOSING3.

Apply now

Questions? We can help.

Today’s rates

Mortgage Loan Rates
TermRates As Low AsAPR1Monthly Payment1
30-year fixed4.875%4.938%$529.21
20-year fixed4.625%4.709%$639.42
15-year fixed4.125%4.194%$745.97
3/3 ARM2.990%5.100%$421.06
5/3 ARM3.250%4.844%$435.21
7/3 ARM3.500%4.683%$449.04
12-year fixed/Rapid Refi3.990%4.020%$787.54
10-year fixed/Rapid Refi3.740%3.775%$900.13
8-year fixed/Rapid Refi3.490%3.533%$1,075.82
Accurate as of 5/20/20221

Rates subject to change without notice

Calculators

Save $ by choosing Connexus*

Our Rates

As Low As % APR for

National Average

  % APR for

Big Savings

You Can Save $* Over the Life of Your Loan

Down payments as low as 3%

Putting the standard 20% down isn’t always possible. That’s why we offer low down payment options for all fixed-rate loans and most ARMs. Here are some of the advantages:

Requires less
money up front

Allows you to buy
a home sooner

Prevents you from
draining your savings

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.

Quick help

Get a quote
Provide basic information and see monthly payment details and closing costs.

Find a mortgage loan officer
Choose who you want to work with.

Subscribe to rate watch emails
Let us keep an eye on interest rates so you don’t have to.

Mortgage resources
Find answers to all your mortgage questions.

Mortgage comparison
Provide us with some basic information and we’ll find the best mortgage for you.

Construction loans
Building a new home? We can help you every step of the way.

Mortgage refinance

Save on interest

Refinancing to a lower interest rate can mean thousands in savings over the life of the mortgage.

Lower your monthly payments

Depending on the terms of your refi, you could end up with a lower monthly mortgage payment.

Change your terms

Refinance to switch from an Adjustable Rate Mortgage (ARM) to a fixed rate, or shorten your term to pay off your home loan sooner.

Just how much could a refi save you? Use our Mortgage refinance calculator to find out now.

How to get started

Apply online

Learn more about refinancing your mortgage

Buying a new home

Mortgage loan calculator

How to get started

Apply online

Learn more about buying a home

FAQs: You Asked. We Answered.

Can I apply for a loan before I find a property to purchase?2021-11-03T13:17:31-05:00

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?2021-11-03T13:21:08-05:00

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?2021-11-03T13:25:03-05:00

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?2021-11-03T13:26:05-05:00

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?2021-11-03T13:28:32-05:00

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?2021-11-03T13:29:25-05:00

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

Can’t find what you’re looking for? Ask us!2021-11-03T13:33:12-05:00

    This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

    Disclosures

    *  Accurate as of:  . Source: Datatrac.

    1APR = Annual Percentage Rate. Advertised rate reflects all available discounts and is current as of 5/20/2022. Rates and terms subject to change. Rates based on a loan amount of $100,000. ARM rates based on a loan amount of $175,000. Rapid Refi rates based on a loan amount of $90,000. 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.

    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 To receive up to $600 off closing costs, enter promotion code SAVEONCLOSING in the application process between 2/01/2022 and 7/10/2022. Minimum loan amount of $150,000 required to receive up to $600 off closing costs. Other rates, amounts, and terms available. Amount received will be in the form of a lender credit at closing and will vary based on actual closing costs. Offer subject to change or termination. Certain restrictions may apply.