Fixed-Rate Mortgage Loans
Fixed-Rate Mortgage Loans
Get a competitive rate and lock it in for the life of your loan with a term that suits your budget.
Features of a Topside FCU Fixed-Rate Mortgage Loan
Fixed APR
Enjoy the same affordable rate throughout your entire loan term.
Range of Terms
Get a fixed-rate loan for 10, 15, 20, or 30 years to match your goals.
Easy Down Payment
Get started with a down payment as low as 3%**.
Expert Guidance
Topside has teamed up with CUMA to provide the best advice and service.
What You Need to Know About Fixed-Rate Mortgage Loans
Enjoy easy budgeting and peace of mind knowing your interest rate and monthly payments will stay the same.
- Get the same competitive APR* through the life of your loan.
- Loan terms are 10, 15, 20, or 30 years to suit your budget.
- Down payments start as low as 3%**.
- Your mortgage payment may include private mortgage insurance (PMI) if your down payment is under 20%.
- We have programs with no private mortgage insurance (PMI) with down payments as low as 10% (based on 90% loan-to-value).
- You can cancel PMI when you reach 20% equity.
- You can refinance in the future if interest rates drop or you want a different payment.
- Easily apply online and use free automatic transfer from your Topside accounts.
We've partnered with Credit Union Mortgage Association (CUMA) to bring you expert advice and ongoing loan servicing for your fixed-rate mortgage loan.
★★★★★
“Great experience with refinance on my commercial building with service and rate! I highly recommend changing lender over to Topside, you will not be disappointed!”
-Julie K. B.
Enjoy These Great Features of Your Fixed-Rate Mortgage Loan
Competitive APR
Use our Loan Consultant feature to find out your likely fixed-rate for your mortgage loan based on down payment and credit.
24/7 Online Access
Manage your payments and check your balance anytime you like with free Online and Mobile Banking.
Personalized Experience
We'll give you the information and tools you need so you can enjoy the home buying process.
Simple Payments
You can transfer funds from your Topside Checking or Savings account free of charge.
Tools to Help You Apply for a Fixed-Rate Mortgage Loan:
Fixed-Rate Mortgage Loan FAQs
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What is a fixed-rate mortgage loan?
With a fixed-rate mortgage loan, you get the same annual percentage rate (APR) through the life of your home loan. Your rate doesn't go up or down with the markets, so your monthly mortgage payments stay the same. Budgeting is simple and stress-free.
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What rate will I get?
You'll get a competitive APR based on your credit score, debt-to-income (DTI) ratio, and overall financial situation. Higher scores get lower rates.
We will also offer you different rates depending on the term you choose. Shorter terms get lower rates.
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Which loan term is best for a fixed-rate mortgage?
The 30-year fixed-rate mortgage loan is the most popular choice in the U.S. because it offers affordable monthly payments.
Shorter terms, like 15 or 20 years, are great if you have a higher income and can afford a higher down payment, because you'll save on interest and pay off your loan sooner. You could choose a 10–year term if you're refinancing or only borrowing a small amount.
You're welcome to talk to a loan consultant about which term is right for you!
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Can I ever change the rate on a fixed-rate mortgage?
A home loan refinance is a possible tool to change your rate. For example, if market interest rates drop significantly in the future and you think you can qualify for a lower rate, you could explore the benefits of refinancing. You might be able to change your term and payment, and cash out your equity.
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How can I make mortgage payments?
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Do I need to join Topside Federal Credit Union to qualify for a mortgage?
Yes, you do need to become a member. You can find out if you're eligible and then we can help you with your membership application and give you advice about your home loan at the same time!
*APR = Annual Percentage Rate.
** With PMI (private mortgage insurance) at 97%, down payments can be as low as 3%. With PMI at 90%, down payments can be as low as 10%.
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