When it comes to financing a home, securing a low mortgage rate can significantly impact your overall costs. Credit unions are known for their attractive mortgage options and competitive rates. Below is a list of top credit unions offering low mortgage rates across the United States.
Navy Federal Credit Union, one of the largest credit unions in the U.S., offers competitive mortgage rates for eligible members, including military personnel and their families. Their fixed-rate mortgages and adjustable-rate mortgages (ARMs) come with low rates and flexible terms, making home buying accessible to many.
Alliant Credit Union prides itself on offering attractive rates and a variety of mortgage options for those looking to purchase a home or refinance an existing mortgage. With options for both fixed and adjustable rates, Alliant also provides a streamlined online application process, making it easier for borrowers to secure funding.
Pentagon Federal Credit Union (PenFed) provides a strong array of mortgage options with some of the lowest rates in the industry. They offer conventional, FHA, VA, and jumbo loans. Additionally, PenFed has a reputation for excellent customer service and fast processing times, which can be a major advantage for home buyers.
Although primarily known for its insurance products, USAA also offers competitive mortgage rates for military members and their families. They focus on helping service members navigate the mortgage process while providing low rates and various mortgage options, including VA loans that require no down payment.
SchoolsFirst Federal Credit Union serves education employees and their families. They offer low mortgage rates along with the benefit of no private mortgage insurance (PMI) on certain loans. With user-friendly tools and resources, SchoolsFirst aims to ensure their members can make informed financial decisions in their home buying journey.
Based in Washington, BECU offers competitive mortgage rates and numerous educational resources for prospective home buyers. They provide a range of loan types, including fixed-rate and adjustable-rate mortgages, along with personalized guidance throughout the application process.
Connexus Credit Union stands out for its low mortgage rates and diverse range of home loan options. They offer various products including FHA, VA, and USDA loans, making them a great choice for first-time buyers or those looking to refinance. Connexus also emphasizes member satisfaction and transparency throughout its mortgage application process.
Consumers Credit Union features competitive mortgage rates and a wide array of mortgage products to suit different needs. Their personalized service and commitment to helping members achieve their homeownership goals set them apart from many traditional banks. Consumers Credit Union offers online application and pre-qualification services, making accessing their financial products easier than ever.
Choosing the right credit union for your mortgage needs can lead to substantial savings over the life of your loan. Be sure to compare rates, loan types, and additional fees before making your selection. Finding a credit union that aligns with your financial goals is essential to securing the best mortgage rate available.
