Places Where We Do Home Loans
We offer lending in Alabama, Arizona, California, Colorado, Connecticut, Florida, Georgia, Massachusetts, North Carolina, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Virginia, and Washington.
FAIRWINDS Credit Union mortgage
FAIRWINDS rates as low as
6.375%
APR† 15 Yr Fixed*
VS
National Average*
7.01%
APR† 15 Yr Fixed*
$15,888 is the difference between the amount paid in interest between FAIRWINDS Credit Union's rate at 6.375% APR compared to 7.013% APR for the National market average over the life of a $250,000 mortgage over 180 months.
*Based upon independent research conducted by Datatrac for 136198 financial institution locations in the National market as of September 29, 2023.
†APR = Annual Percentage Rate
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| Mortgage Type | Rate | APR* | Points |
|---|---|---|---|
| 30 year fixed 360 months at 7.00% (7.152% APR) for a $250,000 loan would result in a monthly payment of $1,663.26. |
7.000% | 7.152% | .805 |
| 20 year fixed 240 months at 6.75% (6.954% APR) for a $250,000 loan would result in a monthly payment of $1,900.91. |
6.750% | 6.954% | .864 |
| 15 year fixed 180 months at 6.38% (6.622% APR) for a $250,000 loan would result in a monthly payment of $2,160.63. |
6.375% | 6.622% | .833 |
**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 $200,00, single-family home as a primary residence, 45-day rate lock, credit score of 740, and a loan-to-value of 80%. Discount points may apply. Terms and conditions subject to change at any time without prior notice.
Frequently Asked Mortgage and Rate Questions
Here are few common questions people have about mortgages and home loans available to anyone living in the United States.
Using our simple mortgage calculator, you can easily see what your mortgage payment would be. Then, compare how much interest you can save on a 15-year mortgage versus a 30-year mortgage.
Most people only think of negotiating the price of the home with their real estate agent. Actually, most of the money to be saved is in the mortgage. You could save around $98,000 in interest by financing a $250,000 mortgage for 15 years versus 30 years. Compliment that with bi-weekly payments and you could save even more interest on your mortgage.
Your mortgage interest rate is based on many factors like your credit score, down payment, debt to income ratio, loan term, and amount financed.
For today, September 30, 2023, the current average mortgage rate on the 30-year fixed-rate mortgage is 7.000%, the average rate for the 15-year fixed-rate mortgage is 6.375%. Rates are quoted as annual percentage rate (APR).
What our members are saying...
Awesome Services
I have been a member of Fairwinds since 2008, I have a Car Loan, a Personal Loan, and just recently a Mortgage Refinance, and I have to say Fairwinds had the best customer service
Amazing team!!!
From start to finish, my home purchase was easy and on time. All of my questions were answered quickly and professionally.
A very nice experience
Been Fairwinds members since they opened. Have done several different loans with you and always had a great experience. This is my first mortgage with you and I'm sorry I waited so long. Great people and experience. I'll never go anywhere else! Thank you