A steady rate for the life you’re building
With a fixed-rate mortgage, your interest rate stays the same for the full loan term. We’ll help you choose what works for your budget and plans.
Choose a term that fits
Compare 10-, 15-, and 30-year fixed-rate mortgages to find the right balance for your budget and plans.
10-Year Fixed-Rate Mortgage
A shorter term for borrowers who want to pay off their mortgage sooner and can plan for a higher monthly payment.
- Pay off your mortgage in less time
- Build equity in your home faster
- Generally pay less interest over the full loan term
15-Year Fixed-Rate Mortgage
A middle-ground option that balances a shorter payoff timeline with a monthly payment you can plan around.
- Pay off your mortgage sooner than with a 30-year term
- Generally pay less total interest than with a longer term
- A principal-and-interest payment that stays the same
30-Year Fixed-Rate Mortgage
A longer term that spreads repayment over more time, generally resulting in a smaller monthly principal-and-interest payment.
- More time to repay your mortgage
- Generally smaller payments than with shorter terms
- More room in your monthly budget for other priorities
Why choose Linden for your mortgage?
A mortgage is a big commitment, and you deserve time to ask questions before making it. We’ll help you understand the full picture so you can choose what feels right for your plans. Here, you’ll find:
- Time to compare terms and monthly payment tradeoffs
- Rates, closing costs, and monthly expenses explained in plain language
- Real guidance from local people who take time to listen
- Help from application through closing
As members for over 20 years, we have truly appreciated the dedication and commitment that this credit union has shown to its members. The staff has always been friendly, knowledgeable, and willing to help with whatever our financial needs may be. Their outstanding customer service and genuine care have made every interaction a positive experience. We are grateful to be members and highly recommend this credit union to anyone looking for a financial institution that truly puts its members first.
- Richard F
- Linden CU Member
Current Home Loan Rates
| Loan Type | Term | APR1 as low as | Loan to Value (LTV) |
|---|---|---|---|
| Fixed Rate Mortgage | 30 Year | 6.875% | Up to 85% |
| Fixed Rate Mortgage | 15 Year | 5.740% | Up to 85% |
| Fixed Rate Mortgage | 10 Year | 5.740% | Up to 85% |
| Home Equity Line of Credit (variable rate – changes quarterly to Prime Rate) | Line of Credit | Prime Rate | Up to 80% |
| Home Equity Second Mortgage | 5 Year Balloon | 5.99% | Up to 80% |
| Construction Loan | Up to 12 Months | 5.99% | Up to 85% of cost or 80% of appraised value, whichever is less |
| Land Loan | Up to 60 Month Balloon | 1% over Home Equity Loan Rate | Up to 80% |
| Lot Loan | Up to 60 Month Balloon | .50% over Home Equity Loan Rate | Up to 80% |
| FHA, VA, USDA Mortgages | Term Options Vary | Rates Change Daily | LTV Requirements Vary |
1APR = Annual Percentage Rate. Rate based on creditworthiness and term of loan. Rates are subject to change at any time and are not guaranteed.
Fixed-rate mortgage questions, answered.
What does “fixed rate” mean?
A fixed-rate mortgage keeps the same interest rate for the full loan term. That makes the principal-and-interest portion of your monthly payment easier to plan for.
Can my monthly mortgage payment change?
The principal-and-interest portion generally stays the same with a fixed-rate mortgage. Your total payment may still change if your property taxes, homeowners insurance, or escrow amount changes.
Should I choose a 10-, 15-, or 30-year mortgage?
A shorter term generally comes with a higher monthly payment, but you may pay less interest over the life of the loan. A longer term generally offers a smaller monthly payment but gives you more time to repay. We can compare the options with you using your budget and loan amount.
How much will I need for a down payment and closing costs?
That depends on the mortgage option, the property, and your financial situation. We offer different down-payment options, including options for first-time homebuyers. We’ll explain what you may need upfront before you decide.
Can I get pre-approved before I start shopping?
Yes. A mortgage pre-approval can give you a clearer idea of your price range before you begin looking at homes. It isn’t a final loan approval, but it can help you shop with a more informed budget.
Can I refinance my current mortgage into a fixed rate?
Yes. Refinancing into a fixed-rate mortgage may make sense if you want a rate that won’t change. We’ll help you compare the new rate, payment, closing costs, and how long you expect to remain in the home.
Wherever you’re starting, we’ll start there with you.
