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Mortgages

Get the financing you need and the member benefits you deserve.

Mortgage Application Apply for Fixed or Adjustable MortgagesTRIM Application Apply for TRIM: The Rate Improver MortgageLand/Construction Application Apply For Land or Construction LoansMortgage Calculator 

Why a LUSO mortgage?

Whether you’re house-hunting, downsizing to a condo, or buying your first home, you can choose from 10-year conforming fixed-rate mortgages to 30-year adjustable-rate mortgages. Take advantage of the benefits of being a member-owner, including:

  • In-house underwriting and guaranteed fast turnarounds
  • Guidance from our lending specialists every step of the way

TRIM: The Rate Improver Mortgage

As of 3/28/2025

TRIM: The Rate Improver Mortgage
PointsTermInterest RateAPRPayments per $1,000
0 Points30-Year Fixed Rate6.375%6.470%$6.24
0 PointsJumbo/Non-Conforming 30-Year Fixed Rate6.875%6.973%$6.57

APR:The Annual Percentage Rate is based on a $150,000.00 loan amount and estimated closing cost fees of $1,500.

The information provided above is for comparative purposes only. Rates and terms may change at any time and without prior notice. Your actual rate, payment, terms, and costs could be different. Get an official Loan Estimate before choosing a loan. Your rate, fees, and terms may differ based on when your rate is locked, actual occupancy status, loan purpose, loan amount, credit score, debt-to-income ratio, loan-to-value ratio, etc. The payment example does not include mortgage insurance. The actual payment will be higher if mortgage insurance is required on your loan. The payment example does not include amounts for taxes and insurance premiums. Your actual payment obligation will be greater considering taxes and insurance premiums.

Conforming Fixed Rate Mortgage / New Construction / Condo

As of 3/28/2025

PointsTermRateAPRPayment per $1,000 borrowed
010 Year6.000%6.220%$11.10
015 Year6.125%6.281%$8.51
020 Year6.250%6.375%$7.31
025 Year6.500%6.608%$6.75
030 Year6.500%6.596%$6.32
110 Year5.875%6.314%$11.04
115 Year6.000%6.311%$8.44
120 Year6.125%6.373%$7.24
125 Year6.375%6.589%$6.67
130 Year6.375%6.565%$6.24
210 Year5.750%6.404%$10.98
215 Year5.875%6.338%$8.37
220 Year6.000%6.370%$7.16
225 Year6.250%6.568%$6.60
230 Year6.250%6.532%$6.16

Jumbo / Non-Conforming Fixed Rate Mortgage Including New Construction / Condo

As of 3/28/2025

PointsTermRateAPRPayment per $1,000 borrowed
010 Year6.500%6.544%$11.35
015 Year6.625%6.656%$8.78
020 Year6.750%6.755%$7.60
025 Year7.000%7.022%$7.07
030 Year7.000%7.019%$6.65
110 Year6.375%6.640%$11.29
115 Year6.500%6.689%$8.71
120 Year6.625%6.777%$7.53
125 Year6.875%7.006%$6.99
130 Year6.875%6.992%$6.57
210 Year6.250%6.735%$11.23
215 Year6.375%6.720%$8.64
220 Year6.500%6.777%$7.46
225 Year6.750%6.989%$6.91
230 Year6.750%6.963%$6.49

Owner Occupied/Max Loan $806,500.00

Fees vary and may be due at application

Biweekly mortgage payment are available at a rate increase of 0.25%.

APR: Annual Percentage Rate is based on a $150,000.00 loan amount; Jumbo loan APR is based on a $806,501.00 loan amount.

Down Payment Requirements: a 20% down payment is required; less than a 20% down payment will require PMI Insurance; less than a 30% down payment will require real estate tax escrow.

Loan terms and conditions, including interest rate and/or fees, are subject to change due to the resulting risk rating assigned by the Credit Union’s secondary market investor. Factors used in determining risk ratings include certain loan characteristics such as points, loan amount, loan-to-value, borrower’s credit, property type, occupancy, and loan purpose.

Jumbo loan limits may differ by County per FNMA Guidelines.

Construction Term Policy: The construction phase is limited to a maximum (12) month period; 10% down payment required (10% may be in reserves or land equity).

Non-conforming rates available.

20-Year Amortization Conforming Adjustable Rate Mortgage / Condo

As of 3/28/2025

PointsTermRateAPRIndexCapMargin
05/15.500%6.831%1 YR Treasury2/6+2.75%

20-Year Amortization Conforming Jumbo Adjustable Rate Mortgage / Condo

As of 3/28/2025

PointsTermRateAPRIndexCapMargin
05/16.000%7.224%1 YR Treasury2/6+3.25%

Owner Occupied/Max Loan $806,500.00

Fees vary and may be due at application.

Biweekly mortgage payment are available at a rate increase of 0.25%.

APR: Annual Percentage Rate is based on a $150,000.00 loan amount; Jumbo loan APR is based on a $806,501.00 loan amount; 20 YR amortization.

Rates are subject to increase after consummation/first adjustment.

Down Payment Requirements: a 20% down payment is required; less than a 20% down payment will require Private Mortgage Insurance (PMI); less than a 30% down payment will require real estate tax escrow.

Rate Lock Policy: LFCU will rate lock for 45 days at no charge. (You will have the option to extend the lock period for an additional fee).

Jumbo loan limits may differ by County per FNMA Guidelines.

Construction Term Policy: The construction phase is limited to a maximum (12) month period; 10% down payment required (10% may be in reserves or land equity).

Non-conforming rates available.

30-Year Amortization Adjustable Rate Mortgage / New Construction / Condo

As of 3/28/2025

PointsTermRateAPRIndexCapMargin
05/15.750%6.863%1 YR Treasury2/6+2.750%
07/16.000%6.886%1 YR Treasury2/6+ 2.750%
15/15.625%6.950%1 YR Treasury2/6+2.750%
17/15.875%6.974%1 YR Treasury2/6+ 2.750%
25/15.500%7.039%1 YR Treasury2/6+2.750%
27/15.750%7.063%1 YR Treasury2/6+ 2.750%

30-Year Amortization Jumbo Adjustable Rate Mortgage / New Construction / Condo

As of 3/28/2025

PointsTermRateAPRIndexCapMargin
05/16.250%7.281%1 YR Treasury2/6+3.250%
07/16.500%7.305%1 YR Treasury2/6+3.250%
15/16.125%7.370%1 YR Treasury2/6+3.250%
17/16.375%7.394%1 YR Treasury2/6+3.250%
25/16.000%7.460%1 YR Treasury2/6+3.250%
27/16.250%7.484%1 YR Treasury2/6+3.250%

Owner Occupied/Max Loan $806,500.00

APR: APR: Annual Percentage Rate is based on a $150,000.00 loan amount; Jumbo loan APR is based on a $806,501.00 loan amount; 30- YR amortization.

Rates are subject to increase after consummation/first adjustment.

Down Payment Requirements: a 20% down payment is required; less than a 20% down payment will require PMI Insurance; less than a 30% down payment will require real estate tax escrow.

Jumbo loan limits may differ by County per FNMA Guidelines.

Construction Term Policy: The construction phase is limited to a maximum (12) month period; 10% down payment required (10% may be in reserves or land equity).

Non-conforming rates available.

Biweekly option excludes 7/1 Special.

Land Loan

As of 3/28/2025

TypePointsTermRateAPRIndexCAPColumn
Buildable Land Requires 20% Down Payment0 Points3/1 MAX 15-YR Amortization7.250%9.535%1 YR Treasury2/6+5.500%
Raw Land Requires 30% Down Payment0 Points3/1 MAX 10-YR Amortization8.250%10.453%1 YR Treasury2/6+6.500%

APR:  Annual Percentage Rate is based on a $150,000.00 loan amount. 

Rates are subject to increase after consummation/first adjustment.

 

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