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Many of SLFCU’s branch lobbies have re-opened for member service with additional safety precautions. Kirtland and Livermore East remain closed. Learn more. To read more about how COVID-19 is affecting SLFCU, click here.

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Couple moving in to a new home.

Fixed Rate Mortgages

Consider this mortgage if you are looking for long-term rate and payment stability. Lock in a low interest rate and get a fixed monthly payment, a variety of terms, and the option to pay points to reduce your rate.

Your fixed rate mortgage will be serviced by SLFCU – from application and processing to closing the loan and beyond. When you make a payment or have a question, you’ll talk to the professional, friendly staff at SLFCU.

Get started today: APPLY NOW     Estimate Your Payments


LOW DOWN PAYMENTS, NO PMI

With a good credit history, you can put down as little as 5% in most markets; for lower credit scores, a 10% down payment is required. SLFCU can loan 80% on a first fixed-rate mortgage and finance the rest with an adjustable rate second mortgage. With this loan structuring, you avoid paying Private Mortgage Insurance (PMI).


FIXED RATE MORTGAGE RATES

Fixed Rate Mortgages
Effective Date: Friday, May 29, 2020
TermPointsRateAPR
30 Year 0.875% 3.250% 3.402%
30 Year 0.250% 3.375% 3.478%
30 Year -0.750% 3.500% 3.583%
20 Year 0.500% 3.250% 3.422%
20 Year -0.250% 3.375% 3.491%
20 Year -1.000% 3.500% 3.617%
15 Year 0.500% 2.750% 2.966%
15 Year 0.000% 2.875% 3.019%
15 Year -0.375% 3.000% 3.146%
10 Year 0.500% 2.625% 2.938%
10 Year 0.000% 2.750% 2.959%
10 Year -0.375% 2.875% 3.086%

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Mortgage Disclosure: Maximum loan-to-value is 80% for all fixed rate mortgages and standard adjustable rate mortgages. Rates subject to change; check with SLFCU for current rates. If loan does not close, fees incurred will be charged to the member. A $45 initial credit report fee applies to all loans. All loans subject to credit approval. Contact SLFCU for details.

5/5 Adjustable Rate Mortgage Disclosure: Rate for the remaining term adjusts every five years and is based on the then-current index plus margin, rounded to the nearest eighth of a percentage point, and subject to the floor rate.

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