Mortgage Rates
Whether you want to buy, refinance or utilize the equity in your home, our low Florida mortgage rates and experienced Home Mortgage Advisors are here to ease the process for you.
Check Out Our Low Mortgage and Home Equity Rates
| Mortgage Options | Rates | Offer Details |
|---|---|---|
Conventional Fixed Rate Mortgages1With our fixed-rate mortgages, you’ll enjoy some of the lowest rates around. And your rate will never change so you will have peace of mind knowing exactly how much principal and interest you’ll be paying each month. Apply now |
Interest rates as low as:15-year: 5.875%, APR* 5.930%
30-year: 6.600%, APR* 6.638%
|
Min. Down Payment: Terms Available: |
Jumbo Mortgages2This is the best option for larger loan amounts. Competitively priced fixed and adjustable rate mortgages without the need for expensive discount points or origination fees. |
Interest rates as low as:15-year: 6.000%, APR* 6.054%
30-year: 6.500%, APR* 6.536%
5/5 ARM: 6.500%, APR* 5.969%
|
Min. Down Payment: Terms Available:
|
First-Time Homebuyer Loan3Specially designed for first-time home buyers. These loans begin with a fixed interest rate for the initial term and then can adjust. Option to convert to a fixed rate available. |
Interest rates as low as (based on term):6.625%
APR* as low as
6.838%
|
Terms Available: 100% Financing Available More Details: |
Adjustable-Rate Mortgages (ARMs)4Another popular option, these loans begin with a fixed interest rate for the initial term and then can adjust. Option to convert to a fixed rate available. |
Interest rates as low as (based on term): 6.375%
APR* as low as
5.921%
|
Terms Available: Min. Down Payment: More Details: |
Home Equity Loan5A Home Equity Loan may be an excellent way to utilize the equity in your home for a variety of reasons. |
Interest rates as low as: 10-year: 6.49%, APR* 6.49%
15-year: 6.78%, APR* 6.78%
20-year: 6.92%, APR* 6.92%
|
More Details: |
HELOC6A Home Equity Line of Credit (HELOC) uses the equity in your home to establish a line of credit for immediate and future lending needs. |
Interest rates as low as:
7.250%
APR* as low as
7.250%
|
Terms Available: More Details: |
*APR= Annual Percentage Rate.
1 Conventional Fixed-Rate First Mortgage- Terms are 10, 15, 20 and 30 years. Maximum loan amount is $832,750. New members must open a share account with a minimum $5 initial deposit (share account is required for membership). Credit and other restrictions apply. APR assumes a purchase price of $400,000 with an LTV of 80% and a credit score of 780 or higher. Rates subject to change without notice.
2 Jumbo Mortgages - Minimum loan amount for jumbo mortgages is $832,751. This special offer is available on conventional first mortgage programs. The minimum down payment for a Jumbo Mortgage Loan is 10%. All mortgage loans are subject to credit approval. New members must open a share account with a minimum $5 initial deposit (share account is required for membership). Offer may end at any time without notice. APR assumes a purchase price of $1,200,000 with an LTV of 80% and a credit score of 780 or higher. Rates subject to change without notice.
3First-Time Homebuyer Loan - 100% financing available for qualified borrowers up to $400,000, maximum loan amount. All mortgage loans are subject to credit approval. First Time Homebuyer is a person(s) who has not owned real estate within the past 2 years. This program is available for primary residences only. Loans offered for this program are a 7/1 ARM and 10/1 ARM. Manufactured homes are not eligible for this program. All closing costs are the responsibility of the borrower(s). No PMI required. Other exclusions and restrictions may apply. Product offers, terms, conditions, and other information provided herein are subject to change without notice. APR is for the 7/1 ARM and assumes a purchase price of $400,000 with an LTV of 100% and a credit score of 780 or higher. Rates subject to change without notice.
4 All Adjustable-Rate Mortgage (ARM) loans have a 30 year amortization. ARM rates are subject to change during term of loan. New members must open a share account with a minimum $5 initial deposit (share account is required for membership). Jumbo loans - call for details. APR is for the 5/5 ARM and assumes a purchase price of $400,000 with an LTV of 80% and a credit score of 780 or higher. Rates subject to change without notice.
5 Home Equity Loan – Minimum loan amount is $10,000. Maximum loan amount is $750,000. Terms are 10, 15 and 20 years. Maximum loan to value (LTV) and combined loan to value (CLTV) is 90% of the property value. All Home Equity Loans and Home Equity Lines of Credit are secured by a lien on your home. Community First will pay for an Automated Valuation Model (AVM) for loan amounts less than $400,000. Certain circumstances may require a full appraisal paid by the applicant when the loan amount is less than $400,000. Loan amounts greater than or equal to $400,000 require a full appraisal paid by the applicant. The cost of the appraisal can range from $545 to $1,200. Title insurance may be required and is paid by the applicant on Home Equity Loans and Home Equity Lines of Credit. Property insurance is required. Flood insurance may be required depending upon the location of the property. Non-members must open a share account with a minimum $5 initial deposit (share account is required for membership). Community First will pay the closing cost associated with home equity loans, excluding the cost of a full appraisal and title insurance if required. Home Equity Loan payment example: $50,000 borrowed for a 10 year term at 7.720% APR would have a payment of $599.27 a month. APR assumes a loan amount of $50,000 with an LTV of 80% and a credit score of 730 or higher. All rates and terms are subject to change without notice; please contact the Credit Union for current rates and terms. Credit and other restrictions apply. All home equity loans are subject to credit approval.
6 Home Equity Line of Credit (HELOCs) – Minimum loan amount is $10,000. Maximum loan amount is $750,000. Maximum loan to value (LTV) and combined loan to value (CLTV) is 90% of the property value. The Annual Percentage Rate (APR) is a variable rate and is based on Wall Street Journal Prime plus an applicable margin. The minimum APR is 4.00%. The maximum APR is 18%. Product is interest only. All Home Equity Loans and Home Equity Lines of Credit are secured by a lien on your home. Community First will pay for an Automated Valuation Model (AVM) for loan amounts less than $400,000. Certain circumstances may require a full appraisal paid by the applicant when the loan amount is less than $400,000. Loan amounts greater than or equal to $400,000 require a full appraisal paid by the applicant. The cost of the appraisal can range from $545 to $1,200. Title insurance may be required and is paid by the applicant on Home Equity Loans and Home Equity Lines of Credit. Property insurance is required. Flood insurance may be required depending upon the location of the property. Non-members must open a share account with a minimum $5 initial deposit (share account is required for membership). Community First will pay the closing cost associated with home equity loans, excluding the cost of a full appraisal and title insurance if required. APR assumes a loan amount of $50,000 with an LTV of 80% and a credit score of 730 or higher. All rates and terms are subject to change without notice; please contact the Credit Union for current rates and terms. Credit and other restrictions apply. All home equity loans are subject to credit approval.
All offers may end at any time without notice. The displayed rates are not a guarantee or a commitment to lend and can change at any time. Actual rates and fees are based on your specific loan request and your credit qualifications at the time of application and rate lock.