Understanding current mortgage rates is crucial whether you’re a first-time home buyer or looking to refinance. Family Security Credit Union is committed to providing competitive and transparent rates to help you achieve your homeownership goals. As of December 19, 2024, our rates are designed to meet a variety of needs, from conventional fixed-rate mortgages to adjustable-rate options and specialized programs like FHA, VA, and USDA loans. We also offer Home Equity Lines of Credit for those looking to leverage their home’s value.
Below is a snapshot of our current rates. Please remember that these rates are subject to change without notice and are locked for a maximum of 60 days from the application approval date. For a personalized quote and to explore all available loan programs, including 3/1 Adjustable Rate and Jumbo loans, we encourage you to contact a Family Security Credit Union representative.
| Loan Term | Interest Rate | APR |
|---|---|---|
| 30 Year Conventional Fixed Rate* | 6.500% | 6.633% |
| 20 Year Conventional Fixed Rate** | 6.125% | 6.299% |
| 15 Year Conventional Fixed Rate*** | 5.74% | 5.91% |
| 10 Year Conventional Fixed Rate**** | 5.50% | 5.804% |
| 7 Year Conventional Fixed Rate***** | 5.00% | 5.411% |
| 30 Year 5/1 Conventional Adjustable Rate****** | 5.00% | 6.985% |
| First Time Home Buyer 30 Year Conventional Fixed Rate******* | 7.00% | 7.138% |
| First Time Home Buyer 15 Year Conventional Fixed Rate******** | 6.25% | 6.468% |
| 30 Year FHA********* | 6.25% | 7.433% |
| 30 Year VA********** | 6.25% | 6.672% |
| Rural Housing USDA*********** | 6.25% | 6.903% |
| Home Equity Line of Credit************(Variable) | 7.25% | 7.25% |
*Example: 30 Year Conventional Fixed Rate Mortgage at 6.633% APR, a $150,000.00 loan has monthly payments of approximately $948.10 (Principal and Interest only).
**Example: 20 Year Conventional Fixed Rate Mortgage at 6.299% APR, a $150,000.00 loan has monthly payments of approximately $1,085.49 (Principal and Interest only).
***Example: 15 Year Conventional Fixed Rate Mortgage at 5.91% APR, a $150,000.00 loan has monthly payments of approximately $1,244.81 (Principal and Interest only).
****Example: 10 Year Conventional Fixed Rate Mortgage at 5.804% APR, a $150,000.00 loan has monthly payments of approximately $1,627.89 (Principal and Interest only).
*****Example: 7 Year Conventional Fixed Rate Mortgage at 5.411% APR, a $150,000.00 loan has monthly payments of approximately $2,120.09 (Principal and Interest only).
******Example: 30 Year 5/1 Conventional Adjustable Rate Mortgage at 6.985% APR, a $150,000.00 loan has monthly payments of approximately $805.21 (Principal and Interest only).
*******Example: First Time Home Buyer 30 year Conventional Fixed Rate Mortgage at 7.138% APR, a $150,000.00 loan has monthly payments of approximately $997.95 (Principal and Interest only).
********Example: First Time Home Buyer 15 year Conventional Fixed Rate Mortgage at 6.468% APR, a $150,000.00 loan has monthly payments of approximately $1,286.13 (Principal and Interest only).
*********Example: 30 Year FHA Mortgage at 7.433% APR, a $150,000.00 loan has monthly payments of approximately $906.85 (Principal and Interest only).
**********Example: 30 Year VA Mortgage at 6.672% APR, a $150,000.00 loan has monthly payments of approximately $944.82 (Principal and Interest only).
***********Example: 30 Year USDA Rural Housing Mortgage at 6.903% APR, a $150,000.00 loan has monthly payments of approximately $932.90 (Principal and Interest only).
************Example: Home Equity Line of Credit at 7.25% APR, a $25,000.00 advance has monthly payments of approximately $375.00 (Principal and Interest only).
Important Disclosures:
APR (Annual Percentage Rate) is based on program availability and is subject to change. Rates shown are for purchase and refinance loans of $150,000.00 and greater, up to conventional loan limits of $425,000.00, with no cash out. Your actual rate may vary based on individual factors. Loans must be secured by a dwelling. FHA loans require a 3.5% down payment, and conventional loans require a 5% down payment. Mortgage insurance is typically required for conventional loans with a loan-to-value ratio greater than 90%, excluding first-time home buyers. This is not an offer of credit and is subject to the terms and conditions of Family Security Credit Union. Not all borrowers will qualify; loans are subject to approval and underwriting standards, and restrictions may apply. The Home Equity Line of Credit is variable and based upon the Wall Street Journal Prime rate, with a maximum rate of 18%. Closing costs for HELOC range from $0 to $3,000; $0 closing costs are available when the initial advance is $10,000 or greater. Contact a representative for complete details.
For more information or to start your application, please visit Family Security Credit Union or contact us today. We are here to help you find the best financing solution for your needs.
