
Are you ready to purchase your dream home? Or do you need to refinance your higher-rate loan from another lender? Make your dream of homeownership a reality with a mortgage from CTFCU! We offer competitive rates that equal BIG SAVINGS for your monthly payments. Now is the perfect time to start your mortgage journey with us!
Benefits of CTFCU Mortgages
*For most loan types.
Mortgage Options
Used to purchase or refinance a primary residence
- Competitive Rates
- Choose between a 10-Year, 15-Year, and 30-Year Fixed Rate Mortgage
- Up to 95% financing available (excludes "cash-out" refinance)
- No PMI (Private Mortgage Insurance) Required
Adjustable Rate Mortgage (ARM)
Used to purchase or refinance a primary residence
- Competitive Rates
- Up to 95% financing available (excludes "cash-out" refinance)
- No PMI (Private Mortgage Insurance) Required
- 30-Year term available, with no rate adjustment for the first 5 years**
** Index is determined by the 1 Year Constant Maturity Treasury Yield made available by the Federal Reserve Board.
Used for the purchase of primary residence ONLY
- Up to 97% financing available
- Minimum credit score of 600 required
Fixed Rate-First Mortgages*
Term | Interest Rate as low as* | APR as low as* | Downpayment as low as* | PMI |
---|---|---|---|---|
10-Year Fixed | 5.375% | 5.375% | 5% | None |
15-Year Fixed | 5.375% | 5.375% | 5% | None |
30-Year Fixed | 5.875% | 5.875% | 5% | None |
30-Year, 5/1 Adjustable Rate Mortgage*
Term | Interest Rate as low as* | APR as low as* | Downpayment as low as* | PMI |
---|---|---|---|---|
5/1 Adjustable Rate Mortgage available in a 30-year term | 4.780% | 4.780% | 20% | None |
5/1 Adjustable Rate Mortgage available in a 30-year term, for First Time Home Buyers | 7.030% | 7.030% | 3% | None |
Ready to Get Started?
Trying to determine the home purchase price you can qualify for?
We can help you find the right product for you.
Ready to submit your mortgage application?
If you have a HOME PURCHASE CONTRACT or want to REFINANCE YOUR EXISTING MORTGAGE, you are ready to begin.