Mortgages
It’s never been easier or less stressful to apply for a home mortgage.
A mortgage process you can feel at home with
Purchasing a Home
Buying a new home is exciting–but the financing involved can be stressful! With our online application, the process of purchasing and financing your home is easier and faster than ever.
Refinancing a home
Did you know that refinancing can save you money or finance a home improvement project? If your home has increased in value, you could consolidate debt or even get a better rate on your mortgage.
First Time Home Buyers
Congratulations! We’re pleased to be helping you with purchasing your first home. The more you know about the home-buying process, the more confident you will be in making the important decisions that will shape your home ownership experience. We offer a First-Time Home Buyers Program to help securing your first mortgage easy, and affordable.
Compare
Knowing what to expect and communicating with your real estate specialist during your mortgage process and timing are all laid out for you so you know what to expect and when it should happen. Our real estate specialists are NMLS certified and are experts on home loans.
Check Rates
Mortgage rates can change daily especially in the current mortgage rate environment. Consider a loan rate lock to lock in your low rate. Learn more about the advantages of QCU’s Loan rate lock.
Calculator
Your mortgage is the single most important and expensive purchase you’ll make in your lifetime. Knowing how much you can afford, understanding various loan types and how these factors impact your monthly mortgage payment is an crucial step in the mortgage process.
Fixed Mortgage Rates
| Description | Rates | APR | Payment per $1,000 | |
|---|---|---|---|---|
| First Time Homebuyer up to 30 years Fixed | 7.125% + 0 points | 7.16% | $6.74 | Apply Now |
| 6.875%+ 1 point | 7.01% | $6.57 | ||
| 6.625% + 2 points | 6.86% | $6.40 | ||
| 30 Year Fixed | 6.875%+ 0 points | 6.91% | $6.57 | Apply Now |
| 6.625% + 1 point | 6.76% | $6.40 | ||
| 6.375% + 2 points | 6.61% | $6.24 | ||
| 20 Year Fixed | 7.000% + 0 points | 7.06% | $7.75 | Apply Now |
| 6.750% + 1 point | 6.93% | $7.60 | ||
| 6.500% + 2 points | 6.81% | $7.46 | ||
| 15 Year Fixed | 6.375% + 0 points | 6.44% | $8.64 | Apply Now |
| 6.125% + 1 point | 6.35% | $8.51 | ||
| 5.875% + 2 points | 6.25% | $8.37 | ||
| 10 Year Fixed | 6.000% + 0 points | 6.09% | $11.10 | Apply Now |
Home Equity Rates
| Description | Term | Rates | APR | Payment per $1,000 | Maximum Loan Amount | |
|---|---|---|---|---|---|---|
| Home Equity Line of Credit | 7.250% | 7.250% | N/A | $250,000 | Apply Now | |
| Fixed Rate Home Equity Loans | 16-20 years | 7.500% | 7.500% | $8.06 | $250,000 | Apply Now |
| 11-15 years | 7.250% | 7.250% | $9.13 | $250,000 | Apply Now | |
| 6-10 years | 7.000% | 7.000% | $11.61 | $250,000 | Apply Now | |
| 1-5 years | 6.500% | 6.500% | $19.57 | $250,000 | Apply Now |
Additional Mortgage Information
APR = Annual Percentage Rate. QCU is allowed to make mortgage loans on properties located in the commonwealth, Connecticut, Maine, New Hampshire, New York, Rhode Island or Vermont. Maximum LTV is 95% on purchases and 80% on refinances.
Maximum Conventional Loan Limits: 1 Unit $726,200, 2 Units $929,850, 3 Units $1,123,900, 4 Units $1,396,800. Maximum Jumbo Loan Limits $1,000,000. Other rates and terms may apply, call for details.
ARM = Adjustable Rate Mortgages ( ARMS) and their APRS are subject to increase after consummation. Rate based on the 3, 5 and 7 year U.S. Treasury Bill with a margin of 2.75%. There is a 2.00% cap per adjustment and a lifetime cap of 6.00%.
Additional Home Equity Information
Variable Annual Percentage Rate for HELOC based on The Wall Street Journal Prime Rate (7.750% effective as of 11/7/2024) minus 0.50% as published on the last business day of each month. Maximum APR 18.00% Minimum Floor Rate 3.50%
Maximum loan amount is $250,000. Homeowners insurance is required. Flood insurance may be required. Loan-to-value not to exceed 80%. Not available for homes currently for sale or to be sold within 6 months of closing.
We’ve eliminated the paperwork for a hassle-free application process. And, with our online application, the process of purchasing and financing your home is easier and faster than ever.
- We are excited and experienced to work with you whether you’re buying your first or fifth home!
- We have streamlined the process so that you can buy your home with as little stress as possible.
- Get pre-qualified so that nothing stands in your way once you find the perfect place.