Fixed and Adjustable Rate

The two most popular mortgages we offer are Fixed Rate Mortgages and Adjustable Rate Mortgages. That’s because they work really well in a variety of situations, on a variety of budgets. Offering flexible terms, payment and interest options, it’s easy to get the perfect mortgage for you. We look forward to helping you into your new home.

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Fixed Rate Mortgage

VSECU’s fixed rate mortgages are a great way to finance a Vermont or New Hampshire property. Your monthly payments will remain the same throughout the life of the loan and it’s easy to apply for your mortgage online at our Mortgage Center or get pre-approved so you are prepared for your house hunting, and you have input on the number of years that work best for you.

Primary residence, seasonal, second homes, new construction, mobile homes, condominium, multi-unit (1-4 units) and primary residence or land all qualify. If you are looking to upgrade your current home, or a home you’re purchasing, as a result of an energy efficiency audit our Energy Improvement Mortgage may be right for you. Features include:

AS LITTLE AS 5% DOWN

With a Fixed Rate Mortgage from VSECU you can put as little as 5% down.

FIXED RATES

These mortgage rates won’t change for the term of the loan selected.

FLEXIBLE TERM LENGTH

We will work with you to make sure the term of your mortgage works for you.

REFINANCE EXISTING

We welcome refinances from other lending institutions.

CAN BE IN VT OR NH

Fixed Rate Mortgages are available for homes in Vermont & New Hampshire.

INSURANCE AVAILABLE

Private mortgage insurance is available, making things even easier for you.

ONLINE APPLICATION

Apply online or get pre approved to help make the shopping process easier.

WIDELY SUITABLE

Primary, seasonal, secondary, mobile home, construction, multi-unit & more.

Our knowledgeable Mortgage Originators will work with you to make sure you have the best mortgage option for your needs. Fixed rate mortgages are our most popular mortgage product. Closing costs will be discussed with you throughout the loan process and disclosed prior to closing. VSECU works to keep all costs as low as possible for our members.

Our mortgage products do not include escrow accounts for property taxes or home owners insurance. Please inquire about our other savings account options that can help you budget for these expenses. Special Savings Accounts have no minimum monthly balance requirements and allow you to earn dividends on the money you are saving.

We want to help you get into the home of your dreams as quickly as possible. Let us know how VSECU can help you. You can complete an online application today for a fixed rate mortgage.

RATES

Fixed Mortgage Rate Tools
Current Fixed Rates Click here for all current fixed rates and terms.
Rate Watch Sign up for rate update e-mail notifications.


Adjustable Rate Mortgage

An adjustable rate mortgage at VSECU is a great financing option with the flexibility to lower payments at the beginning of your mortgage. Lower initial payments may help you pay for other immediate expenses for your property. Adjustable rate mortgages are a common choice if you are looking for lower initial monthly payments or plan on being in your home for only a few years. Index is equal to the One Year U.S. Treasury Security. The adjustable mortgage rate can fluctuate, up or down after the initial lower rate term period. Our adjustable rate mortgages feature:

LOWER INITIAL PAYMENTS

ADJUSTABLE RATE TERMS

FLEXIBLE TERM LENGTH

ONLINE APPLICATION

CAN BE IN VT OR NH

FEDERAL INDEX


RATES

Term Margin Interest Rate Cap
1 Year Adjustable Margin 2.75% 2% annually and 6% lifetime
3 Year Adjustable Margin 2.875% 2% annually and 6% lifetime
5 Year Adjustable Margin 2.875% 2% annually and 5% lifetime
7 Year Adjustable Margin 2.875% 2% annually and 6% lifetime

APR = Annual Percentage Rate. For Adjustable Rate Mortgages (ARMs), interest rate and payment may increase after consummation. After the initial fixed rate period, your interest rate can change annually and any change will impact your monthly payment. Payment information does not include amounts for taxes and insurance premiums – if applicable, actual payment obligation will be greater. Calculated payments shown are for estimation purposes only. Actual loan payment amount will be disclosed at loan closing and may differ slightly.

Adjustable Mortgage Rate Tools
Current Adjustable Rates Click here for current adjustable rates and terms.
Rate Watch Sign up for rate update e-mail notifications.
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You can apply online in our Mortgage Center for your mortgage or mortgage product. In most cases, qualified applicants receive instant pre-approval. In our Mortgage Center you’ll be able to read about our Mortgage Originators, access additional resources and view all our featured rates.