Home Loan  | Second Mortgages | Fixed Rate Mortgages | Adjustable Rate Mortgage (ARM) | Tulsa Two Step |

Retire Your Mortgage |First Time Home Buyer |

Home Equity | Construction Loan  | Unimproved Land 

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Picture1Click the “Apply Now” button to start the online mortgage application.

Helpful Hints

  • Please review and save your information before moving forward.
  • Add any co-borrower by clicking the “add co-borrower” tab under borrower information.
  • You will need to include your payment method when obtaining your credit report.
  • Please upload your financial backup documentation before submitting your application.
  • After submitting your application, any additional backup documentation may be faxed to 918-610-2823. The upload documents feature is not available after submitting your application.

 Interest Rates are accurate as of December 15, 2014 and are subject to change.  If you have any questions or require current rate information, please call 800.256.5626 or 918.610.0200

First Mortgages:

Loan Program  Rate Apr Loan To Value Example6 pymt. per $1000
 “Retire Your Mortgage Loan”
 Up to 60 months  1.99%  2.226%  80%  $17.53
 Up to 84 months  2.49%  2.662%  80%  $12.99
 Up to 120 months  2.99%  3.114%  80%  $9.66


Loan Program  Min. Down Pymt. Rate  Apr  Loan To Value  Example6 pymt. per $1000
First Time Homebuyer
 20 year fixed1  0% down pymt.  4.125%  4.194% 100%    $6.13
 Fixed Mortgages
 10 year fixed   5% down pymt.  3.250% 3.403% 95%  $9.78
 15 year fixed1,7   5% down pymt.  3.250%  3.336%  95%  $7.03
 20 year fixed1,7   5% down pymt.  3.625%  3.718%  95%  $5.87
 30 year fixed1,7   5% down pymt.  4.00%  4.05%  95%  $4.78
 Adjustable Mortgages
 15 yr. adjustable1,2   0% down pymt.  2.875% 2.975% 100%  $6.85
30 yr. adjustable1,3 10% down pymt. 3.125% 3.181% 90% $4.29
Tulsa Two Step  
 2 step 30 yr adjust.1,4 10% down pymt. 3.250%   4.636% 90% $4.36


The displayed Annual Percentage Rate (APR) for the first mortgages assumes a loan amount of $150,000.00 and reflects the interest rate, approximate cost of prepaid finance charges and any origination charge if applicable, but does not include other closing costs.


Second Mortgages/Home Equity:

Loan Program                          Rate                          Apr                 Example pymt. per $1000

5 yr. fixed5                                 5.000%                    5.000%           $18.88


10yr. fixed5                                5.500%                    5.500%             $10.86


12 yr. fixed5                               6.250%                    6.250%             $9.89


15 yr. fixed5                               6.500%                    6.500%             $8.72


The Rate and APR will be based on your individual credit history.



Available for primary residence and second homes/No rental property.  Rental property is not eligible.

Caps are 1% every 3 years and 4% maximum increase from intial rate.

3 Caps are 1% every 3 years and 6% maximum increase from initial rate.

4  At year 3 the rate will adjust 1%.  At year 6 the rate will adjust  1%.   Two adjustments and a 2% increase from intial rate.

5 Second mortgages available for primary residence only.

6These payments do not include taxes or insurance premiums.  The actual payments will be higher; and rates are informational only.  Payments are estimated and include only principal and interest.  Example payment per $1000 assumes loan is for the stated term.

7APR calculated and based on a 20% down payment.


Fixed Rate Mortgages:

Fixed Rate Mortgages offers the benefit of no surprises.  For many borrowers, this provides peace of mind in an unpredictable economy. It is also a good strategy when rates are low but likely to rise.


  • Interest Rates remain constant/fixed.
  • There will not be any surprises even if inflation surges out of control and mortgage rates rise.
  • It is simple to understand, so they are good for first time home buyers.

Adjustable Rate Mortgage (ARM):

Choosing between fixed-rate mortgages and adjustable-rate mortgages (ARM) is really a matter of current rates, your personal investment horizon and the economy. In addition to deciding whether you want to risk a rate hike, you also have to consider how long you plan to own the house, differences in closing costs and whether you will meet the qualifications for each type of loan.

Tulsa Two Step:

This unique program is designed to benefit the member who is looking for a low rate on a mortgage but wants to combine the security of a long term, fixed mortgage.  Please contact us directly to learn more details about this unique program.

Retire Your Mortgage:

Please contact a Mortgage Loan Officer regarding this unique program and opportunity 918.610.0200

First Time Home Buyer:

Tulsa Federal Credit Union First Time Homebuyer Program is a great alternative to traditional FHA financing with low rates, no down payment and no Private Mortgage Insurance (PMI) required. Please contact a Mortgage professional today to request preapproval for your first home purchase.  Start your home buying process with confidence!

  • No down payment
  • Maximum contract price of $200,000
  • Existing Home constructed in a platted subdivision only
  • No mobile, modular, manufactured, log homes or metal constructed homes
  • Owner occupied only
  • No Private Mortgage Insurance (PMI) required


Second Mortgage/Home Equity:

Put the equity in your home to work for you with a Tulsa Federal Credit Union home equity loan for home improvements, education, major purchases, traveling, debt consolidation or just about any other reasonable purpose.

Construction Loan:

A Construction Loan is a short term interest-only building loan that provides interim construction financing, and allows loan proceeds to be disbursed over time to pay homebuilders, contractors, subcontractors, suppliers or other providers of materials or services.

Helpful Tips:

  • Building a house can be stressful and you need someone you are comfortable with to guide you through the process.
  • Talking with a Mortgage Loan Officer before beginning the process may save you significant time in the long run.
  • It is fairly common of the Mortgage Loan Officer to request that you apply at his or her institution for the permanent loan. This will usually save time, money and numerous phone calls. The Mortgage Loan Officer will be able to communciate more efficiently about your loan.

Unimproved Land:

Purchase the land where you will someday build the house of your dreams or refinance the land that you have already purchased.

  • Your maximum available loan amount is 80% for unplatted property and 90% for platted property.
  • Unimproved land loans feature fixed rates.  There are loan terms available up to 15 years.

When you are ready to build your dream home, Tulsa Federal Credit Union provides interim financing for New Construction.