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Velocity Credit Union offers a full range of mortgage programs. We recommend you select from our list of basic programs, shown below. If you are purchasing a home, check out our Apply & Buy Program to save an addition 1/4 - 3/8 percent!

You can also choose from our complete list of mortgage options - all offered at competitive interest rates. Our mortgage specialists are available by phone or email to answer any questions you might have.

Program	Rate	APR	Disc. Pts.	Orig. Pts.	Max Amt.	% Down	LTV(%)
30 Year Fixed	5.875	6.015	0	1.000	322,700	5	95
15 Year Fixed	5.375	5.515	0	1.000	322,700	5	95
30 Year Jumbo	6.375	6.515	0	1.000	500,000***	10	90
15 Year Jumbo	5.750	5.890	0	1.000	500,000***	10	90

Rates posted Monday, November 10, 2003 at 11:31 am ct. (Rates subject to change without notice)
Current rates apply to qualified applicants only.
*** to ask about higher loan amounts.

30 Year Fixed Rate Mortgage

The interest rate and payment stay the same for the entire term of the loan. This mortgage offers the lowest monthly payment while protecting you against interest rate increases.

15 Year Fixed Rate Mortgage

Just like a 30-Year Fixed Rate Mortgage, the payments on the 15-year mortgage remain the same for the term of the loan. Since the term is half as long as a 30-year mortgage, your payments are higher. This is a better mortgage: your equity builds faster and you spend significantly less on interest. This loan may be viewed as a "forced" savings account.

Jumbo Loan

You need to go with a Jumbo Loan if your loan amount exceeds the FNMA limit of $322,700.

Click here to prequalify yourself for a loan!

Click here to get started with a loan application!