Firefighters Credit Union offers competitive mortgage rates that can save you thousands of dollars over the life of your loan. With rates as low as 3.5% APR for a 30-year fixed mortgage, you can enjoy a lower monthly payment and more money in your pocket.
Firefighters Credit Union's mortgage rates are designed to help you achieve your dream of homeownership without breaking the bank. Their rates are often lower than those offered by traditional banks and lenders.
By choosing Firefighters Credit Union for your mortgage, you'll not only get a great rate, but also personalized service from a team that truly cares about your financial well-being. They'll work with you to find the right mortgage solution for your unique needs and goals.
Fixed Rate Mortgages
A fixed-rate mortgage is a great option for those who want consistent payments year after year. This type of loan is ideal for individuals planning to stay in their home for a long period of time or who anticipate interest rates will rise.
You can lock in a fixed interest rate for a period of 60 days with Firefighters First, giving you peace of mind during the home closing process. This rate lock is provided at no additional fee to members.
Fixed-rate mortgages offer predictable monthly payments, which can help with budgeting and financial planning. A 120-month (10-year) loan at 6.250% APR would have monthly payments of $2,245.60 on a $200,000 loan.
A 360-month (30-year) loan at 7.125% APR would have monthly payments of $1,347.44 on a $200,000 loan. This payment example does not include mortgage insurance premiums and taxes, which will increase your actual payment obligations.
For a smaller loan amount, a 120-month (10-year) home equity loan at 6.00% APR would have monthly payments of $1,110.21 on a $100,000 loan.
Low Fixed-Rate Home Loans
San Diego Firefighters Federal Credit Union offers low fixed-rate mortgage home loans to help you find the perfect mortgage for your needs. You can contact their Mortgage Loan Processor, TruHome Solutions, at 1-866-217-6825.
They offer 1st and 2nd fixed-rate Mortgages and Home Equity Lines of Credit. They're passionate about helping members find the best home loan options.
If you're considering a Home Equity Fixed Rate loan, you should know that a 10-year loan at 6.00% APR* would have monthly payments of $1,110.21. This is a significant payment amount.
A 15-year loan at 6.75% APR* would have lower monthly payments of $884.91. Keep in mind that these payments do not include mortgage insurance premiums and taxes, so your actual payment obligations will be higher.
Home Equity Fixed Rate Disclosure
A 120 month (10 year) loan at 6.00% APR* would have monthly payments of $1,110.21. This payment example does not include mortgage insurance premiums and taxes.
A 180 month (15 year) loan at 6.75% APR* would have monthly payments of $884.91. Actual payment obligations will be higher.
If you're considering a 10-year home equity loan, be prepared for larger monthly payments. Consider the example of a 120 month loan at 6.00% APR, with payments of $1,110.21 per month.
This payment difference can be a significant factor in your financial planning. For instance, a 15-year loan at 6.75% APR has monthly payments of $884.91, a substantial decrease from the 10-year option.
It's essential to understand the terms of your loan before making a decision. The payment examples provided here can help you make an informed choice about your home equity loan.
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