Fixed-Rate Mortgage

Buy your home or refinance it with predictable payments from this credit union fixed-rate mortgage.

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Cheerful family unpacking in their new home, enjoying the peace of mind that comes with a fixed-rate mortgage wit Civic Credit Union.

Consistent

Principal and interest are unchanged for entire term

Bundle

Build insurance and taxes into mortgage payment

Guided

Step-by-step support of your mortgage process

Why get a fixed-rate mortgage?

Life is full of surprises. Your mortgage payment should not be one of them! This credit union fixed-rate mortgage keeps your payments unchanged and predictable for the entire term of the loan. Become a homeowner or refinance your existing mortgage with guidance and our lowest rates possible. Get stable, affordable mortgage payments with no surprises.

Smiling family in front of their new home, feeling good about locking in a fixed-rate mortgage with Civic Credit Union.

Terms

Must be a Civic member to apply
Choose fixed 15-year or 30-year term
Up to 97% financing for second home purchases, refinances
Maximum financing determined by home sale price or its appraised value

Features

Up to 80% financing for cash-out refinances
Fixed rate protects you from rising interest rates
Credit union-managed escrow account can bundle insurance, tax and mortgage payments
Mortgage professionals to guide your process

Mortgage calculators

Our calculators can help you build a budget and make the right mortgage choice

calculators

Visit the Mortgage Center

We've partnered with the Credit Union Mortgage Association (CUMA) for a streamlined homebuying process. Apply online through the Mortgage Center and a CUMA agent will reach out to you to talk next steps to prequalification.

For the best member experience, use the Mortgage Center with a computer.

Civic percent graphic to help find the best rate for your mortgage.

1. Find your rate

Civic graphic that shows how easy it is to apply for a mortgage.

2. Apply online

3. Talk with an agent

Adjustable-Rate Mortgage

Powerful homebuying

Credit union ARM rate is fixed for first 5 or 10 years, then adjusts
No early payoff penalties
ARM interest rate cap limits rate increases
Must be a Civic member to apply

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Couple standing in front of their new home thanks to Civic Credit Union's first-time homeowners loan.

First-time Homebuyer Loan

The Civic First-time Homebuyer Loan gives you special terms and flexible options to help you enter your homeowner era!

First-time homebuyer loan with no down payment required
Applicant is not a homeowner (for past 3 years or ever!)
Get up to 97% financing, lower up-front costs
Choose a fixed or adjustable-rate mortgage (ARM)

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You know the details matter (and you are in good company)

Here are a few FAQs

What is an escrow account?

It’s an account held by your mortgage service provider that holds money from your monthly mortgage payments to pay your taxes and insurance when they are due.

What is cash-out refinancing?

This is where you get a mortgage loan for more than you currently owe on your home. The difference between the new, refinanced mortgage and the balance on your previous mortgage goes to you as cash at closing.

Is a fixed-rate mortgage better than an adjustable-rate mortgage?

Your needs will determine which one will best fit your unique circumstances. A fixed-rate mortgage has predictable payments for the entire term of your mortgage loan. An adjustable-rate mortgage (ARM) starts off as fixed and moves to a variable – meaning a changing rate. An ARM option can be helpful for short-term ownership, but your specific needs will help inform your decision.

How do I pay my property tax?

Each month, when you make your monthly mortgage payment, your lender will take a portion of that money and put it in your escrow account. Your mortgage servicer will hold that money until your property taxes and insurance are due.

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