Your New Home!WCTFCU offers a variety of purchase and refinance mortgages with terms up to 30 years and amount financed (loan to value) up to 100%. Show
Through our partnership with Mortgage Markets CUSO (Credit Union Services Organization), we offer an innovative mortgage program with consistently lower rates, and the excellent member service you have come to expect from WCTFCU. Mortgage Markets CUSO collaborates with other credit unions and Fannie Mae, in a cooperative effort to offer competitive new home mortgages. Features & Benefits:
We can help! Whether you are buying your first home, moving to your dream home, or refinancing a current mortgage, or something else... we can help! Apply Now *APR - Annual Percentage Rate. The rates and APRs show are "as low as" and based on a purchase or rate and term refinance of an owner occupied, single family residence, with 60% Loan-to-Value (LTV), for our best-qualified customers. Your rate may be higher depending on your property LTV, credit score, property type, purpose of the loan and other possible factors. Maximum loan amount is $453,100 for a single-family property. Rates are subject to change without notice. **APR - Annual Percentage Rate. Terms and rates also available for 7, 10,and 15 years at lower rates. No application fees, closing cost, points or attorney fees. Maxiumum loan amount is $300,000 to 80% LTV and $500,000 to 60% LTV. Cannot rewrite to a lower rate for one year, and at least $2,000 additional amount borrowed. Maximum loaned is per residence. Rates are subject to change without notice. Make a home you loveBuy, build, refi or remodel with us. Ready to get started?Ready to Apply Online?You can count on TFCU’s mortgage team to help throughout the lending process. To speed things up with your online application, you might gather these items in advance.
What's your goal? We're here to help.
 Buy A HomeWhether you are just researching or ready to buy, start here. Refinance Your MortgageWant to pay off your home loan faster, lower your payment or cash out equity in your home? Home Equity LoansInterested in home improvements, consolidating debt or accessing money? Land, Lot & ConstructionThinking of buying land or building a home? Bridge LoansTFCU offers a short-term loan used to bridge the gap between buying a new home and selling your current one. TFCU Mortgage CenterWhether you’re a first-time home buyer or an experienced home owner, get the tools you need in TFCU’s Mortgage Center.
Closing Costs CreditLet your home’s equity finance your house renovation projects. Our various loan options provide a cost-effective way to pay for the things you want today. Members can receive a $440 closing costs*** credit on home equity loans or home equity lines of credit of $25,000 or more. A home equity loan or home equity line of credit can provide the added money you need without the added stress. Types of TFCU Home LoansConventional LoansFixed-rate home loans with a down payment as low as 3%*. Available terms: 10-years, 15-years, 20-year and 30-year terms. VA LoansFor qualifying active duty and veteran service members – 0% down and no PMI**. Home Equity LoansWhether a home equity line of credit (HELOC) or a home equity loan, both allow you to borrow money against your home at competitive rates. Jumbo LoansTo finance a mortgage more than $484,350, this may be the option for you. Mortgage RefinanceLower your payment, shorten your term, or cash out equity in home. Land, Lot & Construction LoansLand or lot loans for 10 acres or less. Go from construction loan to mortgage with TFCU. TFCU HOME LOANS TEAMReach out with questions. We can help.Mary Bailey
Lending expert with 17 years of helping home buyers. Specializes in conventional, VA, land, construction & investment loans. NMLS Identifier 911223 Francisco Zepeda Lending expert with 22 years of helping home buyers. Specializes in conventional, VA, land, construction & investment loans. NMLS Identifier 1825733 Becca Harjo Lending expert with 15 years of helping home buyers. Specializes in conventional, land & investment loans. NMLS Identifier 1157415 Resources*Applies to Conventional Residential Mortgage (CRM) Loans only. First-time home buyers with credit history are eligible for a 3% down payment. For all other CRM loans, down payments range from 5% to 30%. Loans with a down payment of less than 20% will be subject to Private Mortgage Insurance (PMI). Loan amounts greater than $510,400 must have a down payment of 20% or more.**Applies to Veteran’s Administration (VA) mortgage loans only. Maximum 100% financing for purchases based on the lesser of appraised value or purchase price plus VA Funding Fee. Maximum 100% financing for refinances based on appraised value including VA Funding Fee. Maximum 80% financing for metal homes based on the lesser of appraised value or purchase price plus VA Funding Fee. Applicant must be eligible veteran with available entitlement to cover loan balance.***Closing cost credit available on Home Equity Line of Credit (HELOC) or closed end home equity loans on loan limits/amounts of $25,000 or more. HELOC and home equity loans less than $25,000 or any other mortgage loan types are not eligible for this offer. Tinker Federal Credit Union (TFCU) refinances are not eligible for this offer if a closing cost or discounted rate offer has been accepted or applied to a TFCU mortgage loan within the last five years unless the new loan includes additional cash out. Closing cost amounts in excess of $440 will be the borrower’s responsibility to pay. A closing cost credit will be issued at the time of closing. Closing costs vary according to property location and typically range from $445.10 to $1004.20. Closing costs incur for real estate appraisal or review, title report, filing and processing fees, and flood certification. If your loan does not fund, you will be responsible to pay the costs for any fees including, but not limited to, processing, abstracting and other related title work if the work has already been performed. Title insurance is required on loan requests of $200,000.01 or more and on investment property loans of any amount. The cost of a Title Insurance Policy is based on your loan amount; the typical range is $365 – $800. Loans with 90% loan to value and above have a maximum loan amount of $50,000. First or second mortgage on currently owned residential property must not exceed a maximum loan to value of 100 percent. TFCU will take a security interest in your home. You could lose your home if you do not meet the obligations in your agreement. Property insurance is required. If the property is located in a Special Flood Hazard Area, flood insurance is required. Normal underwriting guidelines apply. Offer available on applications taken through October 31, 2022. To take advantage of this offer, TFCU membership is required, which involves opening an initial share (savings) account with a $5 deposit. For more information current rates and terms, visit www.Tinkerfcu.org or call us at (405) 732-0324 or 1-800-456-4828.Maximum loan value for all mortgages at TFCU is $1,000,000. Loan terms range from 10 to 30 years. Non-refundable closing costs apply and vary according to property location, loan amount, and discount points. Property must be located in the State of Oklahoma, owner occupied, and residential. Property insurance is required. If the property is located in a Special Flood Hazard Area, flood insurance is required. A security interest will be taken in your home. You could lose your home if you do not meet the obligations of your agreement. Single family dwellings, metal homes, condos, duplexes and townhouses generally qualify as eligible collateral. Log, dome, and underground homes, and manufactured housing do not typically qualify as eligible collateral. TFCU membership is required, which involves opening an initial share (savings) account with a $5 deposit. Click for more information, current rates, and terms or call us at (405) 732-0324 or 1-800-456-4828.What is a good interest rate on a conventional loan?Today's average rate for a conventional loan starts at 6.125% (6.137% APR) for a 30-year, fixed-rate mortgage, according to our lender network.
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Today's conventional loan rates (November 24, 2022). What is the prevailing interest rate for home loans?Today's national mortgage rate trends
On Tuesday, November 22, 2022, the current average rate for the benchmark 30-year fixed mortgage is 7.32%, up 15 basis points over the last week.
What are points on a mortgage?Mortgage points are essentially a form of prepaid interest you can choose to pay up front in exchange for a lower interest rate and monthly payments (a practice known as “buying down” your interest rate). In some cases, a lender will offer you the option to pay points along with your closing costs.
How many locations does Teachers Federal Credit Union have?We offer 32 conveniently located branches near your home, office, or school. All locations offer No Fee ATMs for Teachers' members – plus, you can bank at more than 5,400 Credit Union Service Centers nationwide, including over 50 on Long Island alone.
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Teachers federal credit union 30 year mortgage rates
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