Are you looking for an affordable and competitive mortgage rate? Look no further than the Notre Dame Federal Credit Union. As of 2023, they are offering some of the most competitive mortgage rates in the country. If you want to save money and secure a great rate, this is the financial institution to turn to. Read on to learn more about the mortgage rates available at Notre Dame Federal Credit Union.
What Mortgage Rates Are Available at Notre Dame Federal Credit Union?
Notre Dame Federal Credit Union offers several types of mortgage loans, including fixed-rate mortgages, adjustable-rate mortgages, and jumbo loans. All of these mortgages are available in a variety of terms, so you can choose the one that best fits your needs. The current mortgage rates offered by Notre Dame Federal Credit Union are as follows:
- Fixed-rate mortgages: 3.875% (15-year term), 4.125% (30-year term)
- Adjustable-rate mortgages: 3.375% (3/1 ARM), 3.875% (5/1 ARM), 4.125% (7/1 ARM)
- Jumbo loans: 4.125% (15-year term), 4.375% (30-year term)
These rates are subject to change, so it’s best to check with the credit union for the most up-to-date information. Additionally, these rates may vary depending on your credit history, the size of your down payment, and other factors.
What Other Benefits Does Notre Dame Federal Credit Union Offer?
Notre Dame Federal Credit Union offers a variety of benefits to its customers. In addition to low mortgage rates, it also offers a range of other services, including checking and savings accounts, credit cards, auto loans, and more. Plus, the credit union has a network of more than 5,000 shared branch locations and ATMs, so you can access your funds no matter where you are. The credit union also offers a mobile app, so you can manage your finances on the go.
What Are the Requirements to Qualify for a Mortgage at Notre Dame Federal Credit Union?
In order to qualify for a mortgage at Notre Dame Federal Credit Union, you must meet certain requirements. These include having a minimum credit score of 620, a debt-to-income ratio of no more than 45%, and verifiable income. You must also have a minimum down payment of 5% for conventional loans and 10% for jumbo loans. Finally, you must be a U.S. citizen or permanent resident.
What Else Should I Know About Notre Dame Federal Credit Union Mortgage Rates?
In addition to competitive mortgage rates, Notre Dame Federal Credit Union also offers a variety of other benefits. For example, it offers a Home Equity Line of Credit (HELOC) with an introductory rate of just 3.99% APR. The credit union also offers a range of other benefits, such as a Loan Payment Protection Plan and a Mortgage Refinance Program. Plus, you can take advantage of its special mortgage discounts, including a 0.125% rate discount for setting up automatic payments.
How Do I Apply for a Mortgage at Notre Dame Federal Credit Union?
Applying for a mortgage at Notre Dame Federal Credit Union is easy. All you have to do is visit the credit union’s website and complete the online application. Alternatively, you can call the credit union’s customer service line to speak with a representative. The representative will help you complete the application process and answer any questions you may have.
Conclusion
Notre Dame Federal Credit Union offers some of the most competitive mortgage rates in the country. If you are looking for an affordable and reliable mortgage loan, this is the financial institution to turn to. Be sure to check out the current mortgage rates and other benefits offered by the credit union before making a decision.
