Your Home Sweet Home Just Got Sweeter.

Your Home Sweet Home Just Got Sweeter.

COPFCU Members Enjoy Preferred Rates

Whether you’re shopping for your first house or moving on to something better, COPFCU has options to fit your current budget and future plans.

COPFCU mortgage financing offers:

  • VA, FHA and Conventional loans
  • First-time home buyer programs
  • 3.5% down payment options
  • Discounted private mortgage insurance (PMI)
  • Fast closing usually in 4-5 weeks

Calculate Your Mortgage Payment:

Monthly payment displayed includes principal and interest payment only. It does not include any escrow amounts for taxes and insurance.

Mortgage Rates

Purchase / Refinance Rates

Term Rate/APR fromPoints
30-Year FHA 7.250% / 7.250%(0.125)
15-Year FHA6.625% / 6.625%0.875
30-Year VA 6.750% / 6.749%0.250
15-Year VA6.250% / 6.250%1.000
15-Year Conventional7.625% / 7.625%(0.375)
20-Year Conventional8.125% / 8.125%(1.875)
30-Year Conventional 8.125% / 8.124% (2.125)

Quality Home Insurance You Can Trust.

Lower your homeowner’s insurance with quality coverage from TruStage by Liberty Mutual. TruStage is exclusive to credit union members, so you’ll receive special savings over and above coverage you can obtain on your own. Find out how much you can save with a Free quote today.

Get a Free Quote

Refinance Your Home and Save.

Refinancing your mortgage at a better rate can help reduce your monthly mortgage payment and save you money over the life of the loan.

Refinance Now

Download a Free Copy of Our Home Buying Guide.

Buying a home will be one of the biggest financial decisions you’ll make. With this guide and a little bit of homework, your journey to homeownership will be an easy and enjoyable process.

In this guide, learn all you need to know about buying a home including:

    • How much can you afford?
    • Which loan is right for you?
    • Getting Pre-Approved.
    • Making an offer.
    • Closing on your new home.


What is a mortgage?

A mortgage is a type of loan that is used to buy or refinance a home or property. There are many types of mortgage loans, but it’s easy to understand their unique features and benefits with a useful mortgage comparison. Knowing the differences between the types of mortgages can help you prepare to apply for a mortgage loan when you find a home or property you love.

What are the different types of mortgages?

  • FHA (Fair Housing Administration) Loans

FHA loans are mortgages backed by the Federal Housing Administration. With an FHA loan, the government guarantees loan repayment to the lender to incentivize lenders to make loans they otherwise would not approve.

FHA loans are popular among first-time homebuyers since they offer lower credit score and down payment requirements. They are generally easier to qualify for than conventional loans but require mortgage insurance to protect the lender against loss if you fail to pay your mortgage.

  • VA (Veterans Affairs) Loans

VA Loans are mortgages insured by the Department of Veterans Affairs. With a VA loan, active service members, veterans and eligible surviving spouses can buy a home with little or no down payment. VA loans do not require mortgage insurance, which can save you hundreds per year in these fees. To qualify for a VA loan, applicants must meet certain eligibility requirements.

  • Conventional Mortgage

Conventional loans are the most common type of mortgage that is not guaranteed by the federal government. They are often the best option for borrowers with strong credit who can contribute a down payment of at least 3%.

  • Fixed Rate Vs. Variable Rate

A fixed-rate loan is the most common type of conventional mortgage. With a fixed-rate mortgage, your interest rate and principal and interest payment will remain the same throughout the life of the loan. These rates are typically based on credit score, loan amount and loan term, and they might be higher up front.

With a variable (or adjustable) rate loan, you will likely benefit from a lower introductory interest rate which will then be adjusted based on a predetermined schedule and a nationally reported index rate (usually the Prime Rate). Variable-rate loans can be a good choice if you plan to buy a starter home before moving to your forever home.

Important Legal Disclaimer

APR=Annual Percentage Rate. Mortgage rates change on a daily basis. Your actual rate may be higher or lower depending on when you apply.

Loan approval and Rate/APR based on individual creditworthiness, loan term, amount borrowed, and ability to repay the loan.

Speak with a loan officer for full details.