A fixed-rate mortgage ensures that your monthly payment remains the same throughout your loan term. We offer 10, 15 and a traditional 30-year term. Fixed-rate mortgages are ideal for those who plan to stay in their house long-term, allowing a consistent payment over the term of the loan.
Get the right type of mortgage for you. Picking the right mortgage type for your home loan is a big decision - and we’re here to help. Please give us a call at (702) 293-7777 to speak with a BDCU Home Loan Specialist who can answer your questions and guide you toward the perfect loan.
10-Year Fixed Home Mortgage
15-Year Fixed Home Mortgage
30-Year Fixed Home Mortgage
30-Year Interest Rebate Home Mortgage
as low as 3.24% (3.24% APR)
as low as 3.49% (3.49% APR)
as low as 3.99% (3.99% APR)
as low as 8.00% (8.00% APR)
Shorter term with lower rate
Pay off your home faster
Lock in your rate for 30 years
Fixed rate of 8.00% with 40% rebate
You need shorter term financing at a lower rate
You plan to pay your home off faster and can afford higher monthly payments
You plan to stay in your home for 10 years or more You prefer fixed, consistent payments
You prefer rebates of interest over the term of your loan
The mortgage loan application process:
Submit an Application: To get the loan process started, first submit an application. You can apply at the credit union, during business hours, or in your pajamas 24x7 using Online Banking and our Online Loan Application.
Loan Officer Review: We will process your application and give you a call to discuss the application and documentation requirements. We will also provide you with the necessary disclosures.
Borrower Review: Once we get you the proper disclosures, rates and terms the ball is in your court. Once you give us the o.k. we will proceed.
Appraisal & Underwriting: Once you give us the o.k. to proceed we will order an appraisal and you will be contacted by the appraiser to review the condition and estimate the value of your home. This process can take 2-4 weeks. In the meantime, we will be feverishly working in the background, gathering additional documentation from you and preparing the paperwork for closing.
Ongoing Communication: We will keep in touch during the appraisal and underwriting process, so you know that your loan is moving along.
Final Approval: Once we have all of the proper documentation and the appraisal is complete the loan application will be sent for final approval. This is generally a quick process. We do all of the approvals in-house.
Preliminary Closing Documents: Once the final approval is granted you will be sent preliminary closing documents that will require your signature.
Closing: Once the documents are returned, we will schedule a time and place to close the loan.
Already in the home you love but don’t love the payment? Let us review your rate and term and see if we can save you some money on your monthly payments. When you refinance your higher-rate mortgage loan with BDCU, you could reduce your monthly payments and free up cash.
Can I pay off my loan quicker than the payment schedule?
Yes. At BDCU, there are no prepayment penalties for paying off your loan faster than your payment schedule. In fact, it’s a great way to save on interest over the long run.
APR= Annual Percentage Rate. Rates, terms and conditions are subject to change and may vary based on creditworthiness, qualifications and collateral conditions. All loans subject to approval.