Fixed Rate Mortgages
Fixed Rate MortgagesThis type of loan appeals to the more conservative borrower, or those who are certain they will not move or want to refinance for many years. This loan option offers a very stable rate and payment over the life of the loan. Even as the overall rate environment changes, your rate and loan payment remain unchanged. Additionally, we offer 15 and 20-year terms .
Need help deciding which one is right for you? Call (800) 632-4600, option 1-2703
Fixed Rate Mortgages available for non-owner occupied as well.
- Fixed rate for the term of the loan
- Multiple term options available
- Principle and interest payments remain fixed for the life of the loan
Predictable monthly payments
A fixed-rate mortgage provides you with payment stability that helps for planning your monthly budget. Your mortgage interest rate, and your total monthly payment of principal and interest, will stay the same for the life of the loan.
Fixed-rate mortgages are the perfect choice for buyers that:
- Think interest rates could rise in the next few years and you want to keep the current rate
- Plan to stay in your home for many years
- Prefer the stability of a fixed principal and interest payment that doesn’t change
CC) Discount points are paid to buy down the interest rates and are calculated as a percentage of the loan amount.
DD) Interest rate based on the above assumptions, and may be different than the rates displayed here. The interest rates, Annual Percentage Rates (APRs), discount points, and rebates shown are subject to change without notice.
EE) Payment per $1,000 balance is based on the interest rate listed for the amortization term listed, and is rounded to the nearest cent. Example: for a 30 year, $510,400 conforming mortgage with zero-points and a fixed rate of 3.500%, multiply 510 x $4.49 for an approximate payment amount of $1,872.33 (loan amount ÷ $1,000 x payment example = payment amount). The monthly payment amount shown includes principal and interest, and does not include amounts for taxes and insurance premiums, if applicable. Your actual monthly payment will be higher if an escrow account is established or required. Private mortgage insurance (PMI) is required on mortgages that exceed 80% loan-to-value (LTV), and would also increase the payment amount.
FF) All mortgage loans through Provident Credit Union are for homes in California only. Adequate property insurance required for the life of the loan. Flood insurance may be required. All loans subject to credit approval. Other restrictions may apply. Provident Credit Union NMLS #412725
S) APR - Annual Percentage Rate. Your APR will vary based on your final loan amount and finance charges. Your actual payments are based on the interest rate, not the APR.