Mortgage Loans

With a fixed-rate mortgage, you can be absolutely certain your principal and interest payments won’t increase. You’ll pay the same amount in Year 20 or 30 as you will in Year 1. 

• Save money with attractive interest rates
• Choose loan terms of 10, 15, 20 or 30 years
• Build up equity quicker with shorter terms
• Protect yourself from rising interest rates for the life of the loan
• Refinance current loan to potentially reduce monthly payments or interest charges

*APR = Annual Percentage Rate.  A $320,000 15-year fixed loan at 5.75% will have a principal and interest payment of $2,657.31 and APR of 5.847%. APR may be higher due to per diem interest. Monthly P&I payment includes principal and interest only.  It does not include insurance and taxes, and the actual payment obligation will be higher.  Minimum loan amount is $100,000.  Maximum loan amount is $832,750.  720 minimum credit score and up to 80% LTV for qualified loan.  Owner occupied, single-family home or conforming condo in CT or RI only.  First Lien Position only. All loans are subject to credit approval.  Your overall creditworthiness may determine the interest rate available to you.  Rates, terms and conditions are a limited-time offer and my be canceled at any time. Fees, charges and other conditions may apply.  See credit union for further details. 

With a SmartRefi Mortgage, you can take advantage of a low fixed rate and short term to pay off your mortgage faster than traditional mortgages.

• Various terms available
• Up to 80% loan to value

With reduced initial rates, adjustable-rate mortgages give you a period of financial flexibility. The lower introductory rate buys you time to rebuild your savings and make other purchases.

• Fixed-rate term options at 3 years, 5 years, 7 years or 10 years
• Thereafter, interest rate cannot increase or decrease more than 2.00% on an annual basis
• No prepayment penalty
• The interest rate cannot increase more than 5.00% above the start rate for 7 and 10 year ARMs
• The interest rate cannot increase more than 6.00% above the start rate for 3 and 5 year ARMs