Home Loan Rates

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First Mortgage Loan Rates

Connect with us by phone at (804) 756-5045, email loandept@connectsfcu.org or stop by one of our locations for current rates.

Second Mortgage Loan Rates

Home Equity Fixed Second MortgagesTermAPR
Loan to Value less than 70%up to 5 years4.99% – 12.99%
6 – 10 years5.99% – 13.99%
11 – 15 years6.24% – 14.24%
Loan to Value between 71% — 85%up to 5 years5.24% – 13.24%
6 – 10 years6.24% – 14.24%
11 – 15 years6.49% – 14.49%
Loan to Value between 86% — 90% (Home Purchase Only)up to 5 years6.69% – 15.19%
6 – 10 years7.19% – 15.69%
11 – 15 years7.69% – 16.19%

Adjustable Rate Home Equity Line of Credit Rates (HELOC)

Adjustable Rate Home Equity Line of Credit TermAPR Adjustable Rate
Loan to Value 85% or less 1 to 15 years8.50% – 18.00%

Home Equity Lines of Credit rates are adjustable and may increase after consummation.

The Annual Percentage Rate you receive is determined by your credit history. Please ask a loan representative about your qualifying rate.

You will find that the loan process is very precise and comprehensive. Once you have returned your signed, dated Loan Estimate following your Application Approval, you will be required to submit the following:

  • copy of your county or city assessment
  • copy of your mortgage statement balance (year end or current)
  • copy of your deed and SCHEDULE “A” (property description)
  • copy of Mortgage Title Insurance Policy
  • copy of your latest homeowners insurance policy
  • verification of income:
    1. copy of pay stub covering last 30 days
    2. copy of guarantor’s pay stub covering last 30 days
    3. if you are self-employed, signed copies of last 2 year’s tax returns and proof of current year income
    4. if you are retired, copies of bank statements showing direct deposits from all sources of retirement income
  • If purpose of loan/line is for Debit Consolidation, statements for all debts to be paid
  • Loyalty Discount: .25% discount off current APR for qualified member with Active Connects checking account in good standing with Direct Deposit (Discount does not apply to Lines of Credit, VISA Credit Cards, Shared Secured, CD Secured, HELOCs and First Mortgages)
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