Features & Benefits
Fixed-rate Solutions
Adjustable-rate Solutions
Fast Preapprovals
Free, No-obligation Consultations
$250 Off Closing Costs*
Receive $250 off home loan closing costs with code CELEBRATE250 at time of application. First-time homebuyers may qualify for up to $1,250 off closing costs when combined with the first-time homebuyer special.
Apply Now*Coupon valid only for residential, owner-occupied home purchases and non-Prime Financial Credit Union (“PFCU”) first mortgage refinance applications received between 04/27/2023 and 12/31/2023; coupon must be presented at time of application (online code: CELEBRATE250). Coupon valid for $250 lender credit at time of closing toward PFCU-mandated closing costs; no cash value. Other fees may apply. Coupon benefits contingent upon successful closing by 12/31/2023. Coupon can be combined with PFCU $1,000 first-time home buyer credit (if applicable); coupon cannot be combined with any other discounts or promotions. Coupon program subject to be changed or discontinued at any time and without prior notice. Not a commitment to lend. Borrower must meet qualification criteria. Membership eligibility required. Additional terms & conditions may apply. NMLS ID 718926. Equal Housing Opportunity.
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Fixed-rate Mortgages
Your rate will remain the same over the life of your loan.
Pros of a Fixed-rate Mortgage:
- Monthly payments are more predictable than an Adjustable-rate Mortgage
- If market rates increase, your mortgage rate will not be affected
Cons of a Fixed-rate Mortgage:
- If market rates decrease, you'll need to apply for refinancing if you want to lower your rate
Adjustable-rate Mortgages (ARMs)
ARMs typically offer a lower initial rate than a Fixed-rate Mortgage. After a specified number of years, the initial rate becomes variable and may adjust periodically with the market.
Pros of an ARM:
- Because the initial rate is fixed at a reduced rate, initial payments are predictable and typically lower than a comparable Fixed-rate Mortgage
- If market rates increase, rate caps protect you from extreme increases to your rate and monthly payments
- If market rates decrease, you'll enjoy lower monthly payments without needing to apply for refinancing
Cons of an ARM:
- Payments can vary after your initial fixed rate expires
Learn more about Adjustable-rate Mortgages from the Consumer Financial Protection Bureau's "Consumer Handbook on Adjustable-Rate Mortgages".
Rates, Terms & Payments
| Term | Rate As Low As | APR1 As Low As | Points | Payment Per $1,0002 |
|---|---|---|---|---|
| 30 -Year | 7.125% | 7.246% | 0% | $6.77 |
| 20 -Year | 7.125% | 7.282% | 0% | $7.88 |
| 15 -Year | 7.125% | 7.320% | 0% | $9.12 |
| 10 -Year | 7.375% | 7.650% | 0% | $11.91 |
Effective Date:
September 28, 2023
Membership eligibility is required.
1: APR (Annual Percentage Rate) assumes $150,000 financed with a loan-to-value (LTV) of 80% or less and a downpayment of 20% for borrowers with excellent credit (740 or higher). Mortgage rates valid daily. Rates and terms are subject to change at any time and without notice; additional restrictions may apply. Published rate may be adjusted based on other factors, including but not limited to, when your rate is locked, occupancy status, loan purpose, loan amount, credit score, debt to income ratio, and loan to value.
Unless otherwise indicated, these APR calculations are based on the following: Conforming loans (whose maximum loan amount is below $484,350 for the contiguous states, District of Columbia, and Puerto Rico or below $636,150 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $417,000 with closing costs of $0. Jumbo Loans (whose maximum loan amount exceed $484,350 for the contiguous states, District of Columbia, and Puerto Rico or exceed $636,150 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $1,000,000 with closing costs of $0. Your actual APR may be different depending upon these factors.
2: Actual payments will be higher with taxes and insurance, which will increase your actual monthly payment.
| Term | Rate As Low As | APR1 As Low As3 | Points | Payment Per $1,0002 |
|---|---|---|---|---|
| 3 -Year | 7.125% | 7.246% | 0% | $6.77 |
| 5 -Year | 7.250% | 7.372% | 0% | $6.86 |
| 7 -Year | 7.375% | 7.498% | 0% | $6.94 |
| 10 -Year | 7..500% | 7.624% | 0% | $7.03 |
Effective Date:
September 28, 2023
Membership eligibility is required.
1: APR (Annual Percentage Rate) assumes $150,000 financed with a loan-to-value (LTV) of 80% or less and a downpayment of 20% for borrowers with excellent credit (740 or higher). Mortgage rates valid daily. Rates and terms are subject to change at any time and without notice; additional restrictions may apply. Published rate may be adjusted based on other factors, including but not limited to, when your rate is locked, occupancy status, loan purpose, loan amount, credit score, debt to income ratio, and loan to value.
Unless otherwise indicated, these APR calculations are based on the following: Conforming loans (whose maximum loan amount is below $484,350 for the contiguous states, District of Columbia, and Puerto Rico or below $636,150 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $417,000 with closing costs of $0. Jumbo Loans (whose maximum loan amount exceed $484,350 for the contiguous states, District of Columbia, and Puerto Rico or exceed $636,150 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $1,000,000 with closing costs of $0. Your actual APR may be different depending upon these factors.
2: Actual payments will be higher with taxes and insurance, which will increase your actual monthly payment.
3: Adjustment is based on the SOFR index plus margin of 2.75%. Maximum annual adjustment on 1, 3, and 5 year is 2%; maximum over the life of the loan is 6%. Maximum annual adjustment on 7 year is 2%; maximum over the life of the loan is 5%. No conversion option. Estimated monthly payments shown include principal, interest and (if applicable) any required mortgage insurance. ARM interest rates and payments are subject to increase after the initial fixed-rate period: after 3 years for a 3yr/1yr ARM, 5 years for a 5yr/1yr ARM, and 7 years for a 7yr/1yr ARM; the 1 yr indicates that the interest rate is subject to adjustment once per year after initial term).
Homebuyer Specials
You could qualify for home financing offers with Prime Financial Credit Union:
- First-time Homebuyer: Purchase your first time with as little as 5% down and $1,000 off closing costs.
- Community Heroes: You could qualify for a loan with as little as 10% down and no private mortgage insurance (PMI) if you work in a qualifying public service sector.
To learn more about these offers, visit our Home Loan Specials page
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NMLS ID 718926 - Equal Housing Opportunity. Membership eligibility is required.