Questions about a new mortgage?
We are here to help.
Whether you're looking for flexible terms, competitive rates or low-to-no closing costs, our dedicated mortgage professionals will provide you with a suitable solution.
Home Purchase
- No application fee
- Quick pre-qualification
- No closing cost options
- All our mortgages are serviced locally
- No pre-payment penalties
FAIRWINDS does not service FHA or VA loans.
Purchase Loan Rates
| Mortgage Type | Rates | APR* | Points |
|---|---|---|---|
| 30 year fixed 360 months at 6.00% (6.143% APR) for a $250,000 loan would result in a monthly payment of $1,498.88. |
6.000% | 6.143% | .880 |
| 20 year fixed 240 months at 5.75% (5.915% APR) for a $250,000 loan would result in a monthly payment of $1,755.21. |
5.750% | 5.915% | .693 |
| 15 year fixed 180 months at 5.50% (5.735% APR) for a $250,000 loan would result in a monthly payment of $2,042.71. |
5.500% | 5.735% | .876 |
*APR = Annual Percentage Rate. Rates are updated frequently and are subject to change without notice. Your actual rate is based on your credit quality, down payment, loan term, and amount financed. Rate lock cutoff time is 4:00 PM EDT. Any lock requests received after 4:00 PM EDT will be subject to tomorrow’s posted rates. Interest rates above are based on a loan amount of $250,000, single-family home as a primary residence, 45-day rate lock, credit score of 780, and a loan-to-value of 80%. Discount points may apply. Terms and conditions subject to change at any time without prior notice. |
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Special Mortgage Programs
Adjustable Rate Mortgages
Achieve your dream of homeownership with our flexible and affordable adjustable-rate mortgage loans.
Learn More about Adjustable Rate Mortgages
Land Loans
Once you find the location to build your home, we have the solutions to help you secure affordable land financing.
Learn More about Land Loans
Construction-to-Permanent Financing
Looking to build your home from the ground up? We have solutions to help you secure affordable financing.
Learn More about Construction-to-Permanent Financing
Freedom Mortgage
Whether you're purchasing your first home or moving to a new house, enjoy the freedom of this no closing cost mortgage.
Learn More about Freedom MortgageLoans are subject to credit union membership eligibility, credit approval, and verification of information provided on the application. Other terms and conditions may apply. Terms and conditions subject to change at any time without prior notice.
FAIRWINDS Member Reviews
How to Save Thousands of Dollars with a FAIRWINDS Mortgage
FAIRWINDS is helping financial freedom seekers nationwide search, buy, and save on their next home. Whether you’re looking for your first home or forever home, we can help you buy a house with affordable mortgage solutions to help you pay off your loan as fast as possible.
With competitive mortgage rates, short-term financing, and digital tools right within your FAIRWINDS account, you have access to a full suite of mortgage resources to guide you along the way.
Here are nine common mortgage questions and answers to help you get your home-buying journey started:
- What is a mortgage?
A mortgage is a loan given for the purchase of a home.
- What are the mortgage rates today?
Financial freedom seekers who are reviewing their best mortgage options are also seeking the lowest mortgage rates. Since mortgage rates are changing daily, this means the mortgage rate today may be different than the one you see when you are approved for a home loan. When you buy a house and finance with FAIRWINDS, you can get the best mortgage rates and terms like a 15-year mortgage with a 5.735% APR or a 30-year mortgage with a 6.143% APR.
- How much home can you afford?
Our free mortgage calculators make it easy to paint a precise picture of how much home you can afford to buy. From seeing how much you can save with shorter-term financing and a lower interest rate or by making bi-weekly payments, we have free mortgage calculators to help you go further on your financial freedom journey.
- Why should you get a mortgage preapproval?
A mortgage preapproval can work alongside our mortgage calculators to tell you your loan eligibility. It helps you stand out by simplifying your search because you and your real estate agent will be in the know of your house affordability. Sellers may also be more eager to work with someone who has already started the mortgage process.
- How does a credit score impact buying a house?
Your credit score is based on numerous factors from your financial history. This includes, but is not limited to, your payment history, credit card use, credit age, and total accounts. It’s critical to use your credit responsibly because it’ll determine whether you qualify for a mortgage, the interest rate you will be charged, and the maximum amount you may be loaned.
- Want to save more money for your first home?
The FAIRWINDS My First Home Savings Account is designed specifically for first-time homebuyers and makes saving for a down payment rewarding. Having a separate savings account helps you earn interest on the money you’re saving while keeping your funds out of sight and out of mind.
- What is an easy way to buy a house and finance with FAIRWINDS?
HomeAdvantage™ is our member-exclusive real estate service to help you search for a home, find a Realtor®, and earn a cash rebate along the way. You’ll have access to current MLS listings to search through an inventory of homes near you, get email alerts on available homes that match your must-haves, and receive local property values and demographic data.
- Can you automate your mortgage payments?
Your mortgage payments may be one of the largest expenses along your financial freedom journey. Instead of making manual payments, automatically set up your monthly mortgage payments with deductions straight from your FAIRWINDS Spending or Checking Account. As you consider what kind of payments you’ll make, bi-weekly payments are an ideal choice to accelerate your mortgage payoff. Instead of monthly payments, you’ll divide it in half and pay it every other week. This results in a net effect of paying an extra mortgage payment toward principal each year. You can say goodbye to your mortgage faster!
- How can you pay off your mortgage early?
Before you choose a 30-year mortgage, make the 15-year mortgage part of your financial freedom plan to save thousands of dollars in interest. As you’re looking for the current mortgage rates, the type of financing you put in place also makes a huge difference to your budget. A longer-term mortgage will have a lower monthly payment, but you’ll end up spending more money instead of saving on interest and being mortgage-free faster.
We recognize that buying a home is a long-term goal, and there’s no time like the present to start saving and get the know-how of making the home-buying process simple and easy. Even when you’re officially a homeowner, remember that ongoing costs may include your mortgage payments, maintenance and repairs, utilities, and a homeowner’s association fee. What’s included in your monthly mortgage payments? Principal and interest, mortgage insurance, property taxes, and homeowner’s insurance.
As a FAIRWINDS member, you’re packed with tools and resources to confidently keep track of your payments and other essential expenses, like a free budgeting tool. Goals and Budgets will give you a complete overview of where your money is going each month, and help you find places to adjust your budget. No matter where you go, you can take your budget with you anywhere, anytime.