Fixed or adjustable?
FIXED MORTGAGES maintain the same rate and monthly payment over the life of the loan for those who desire predictability and payment stability. You'll enjoy:
A selection of 10, 15, 20 or 30 year mortgage terms
No NIHFCU lender fees
Loan amounts up to $726,525 (higher amounts available on ARM products)
NEW – purchase options now available with a down payments AS LOW AS 3%
Featured fixed Mortgage
HomeReady® mortgage – 30 year loan with as little as 3% down. Gifts and cash-on-hand can be used for down payment and closing costs.
ADJUSTABLE MORTGAGES (or ARMs) start with a lower rate and then adjust periodically over the life of the loan for those who prefer lower initial payments or plan to sell in a finite period of time
Select a 3, 5, 7 or 15-year initial fixed-rate period
Available on loans up to $1,500,000
Lock in your rate for up to 90-days4
NEW – no down payment purchase option now available
5/5 ARM – Low initial rate that adjusts no more than 2% every 5 years. Total increase over life of the loan is capped at 5% above your initial rate.
15/15 ARM – The security of a 30-year fixed-rate mortgage with a lower initial rate that adjusts only once after 15 years.
7/1 ARM with no down payment and No PMI - loan amounts up to $484,350 (with 20 year fixed rate 2nd trust to a combined maximum LTV of 100%)
All NIHFCU mortgages feature great rates and low fees, and are available with as little as 0% down for qualified borrowers!
Need some great advice? Speak to an expert or get pre-qualified with no obligation!