Home Loans

Fixed Rate Mortgage

Ideal for anyone wanting the stability of the same rate and payment structure that will make budgeting easier.

Your mortgage is locked in to protect you from uncertain economic times. If interest rates skyrockets, your payment stays the same. If interest rates drop, you can usually refinance to save money.

Traditional Mortgages required a down payment that can range from 5% to 20% of the purchase price. By only requiring the minimum down payment of 5%, we make it more affordable to get in your home quickly.

If you’re trying to find the simplest path to homeownership, you may find the simplicity of the fixed-rate mortgage very appealing. Fixed Rate Mortgage allow you to make plans around the amount you pay each month without a complex timetable.

No mobile, modular, manufactured, log home or metal constructed homes
Real Estate must be in Oklahoma
See Rates for additional terms and conditions

Adjustable Rate Mortgage

Ideal for anyone wanting a more affordable rate and doesn’t plan on living in one place for a long period.

The 1% periodic interest rate cap gives you protection from large interest rate increases. In addition, the interest rate can only adjust 4% - 6% over the start rate for the life of the mortgage.

Most ARMs adjust every 6 to 12 months. Our ARM only has the potential to adjust every three years for the life of the loan.

ARMs look very attractive at first glance because they’re usually listed with much lower interest rates. While other ARM loans may leave you in payment shock as rates begin to climb, our ARM is designed with open communication and transparency. At closing, you’ll have a clear understanding of your loan and can plan accordingly.

No mobile, modular, manufactured, log home or metal constructed homes
Real Estate must be in Oklahoma
See Rates for additional terms and conditions

Retire Your Mortgage

Ideal for anyone wanting to take advantage of a lower rate and are tired of monthly payments.

Costs for closing can be anywhere from 2% to 6% of the purchase price. With Retire Your Mortgage, we scale down the cost of title work and other expenses, possibly saving you thousands at closing.

Real estate taxes and insurance premiums can fluctuate annually resulting in an increase in your monthly payments. By controlling your own escrow, your budget can be more flexibility by paying them directly.

By trimming your mortgage term, you’ll end up paying much less interest, and accelerate pay off. In addition, this loan can be used to get cash out of your home for anything you need in life.

Minimum $25,000 new money required
Real Estate must be in Oklahoma
See Rates for additional terms and conditions

Mortgage Rates
Term Interest Rate (as low as) APR Value Example Payment per $1,000
Retire Your Mortgage 60 months 2.750% 3.268% 80% $17.86
84 months 3.000% 3.378% 80% $13.22
120 months 3.250% 3.522% 80% $9.78
Fixed Mortgage 10 year fixed 3.250% 3.449% 95% $9.78
15 year fixed 3.250% 3.387% 95% $7.03
20 year fixed 3.625% 3.733% 95% $5.87
30 year fixed 3.875% 3.953% 95% $4.71
Adjustable Mortgage 15 year adjustable 3.750% 3.911% 100% $7.28
30 year adjustable 4.000% 4.092% 90% $4.78
For additional information see Mortgage Rate Terms and Conditions at bottom of page.
 
 
 
 
 
 
Home Equity
  • Second Mortgage
  • Ideal for anyone wanting a one-time, lump-sum loan, with a fixed interest rate to pay for major expenses medical bills, college educations or massive home renovations.
  • Apply Now
  • HELOC
  • Ideal for anyone wanting the flexibility to borrow as much or as little as they need throughout the 10-year draw period. Best used home repairs or smaller renovations, weddings, luxury cars, education, investments, special occasions, legal fees or vacations.
  • Learn More
Second Mortgage HELOC
Interest Rate /APR* 5% - 6.5% / 5.142%-6.555% 4.50% - 7.50% /
Loan Terms 5 years - 15 years 10 year Draw and 10 Year Repayment Option
Loan Type Fixed Adjustable Rate Mortgage (ARM)
Installment Loan -
Line of Credit -
Access to Funds One-time Ongoing
Maximum Loan to Value* 90% 95%
No Minimum Draw N/A
Interest Only Payment Option -
May Be Tax-Deductible**
Minimum Loan Amount - $10,000
Required Appraisal Determined On LTV Determined On LTV
*Based on your creditworthiness and term. The APR will vary with the market base Prime Rate. ** In many cases, the interest is tax-deductible, but you should confirm that with your trusted tax preparation professional.
 
 
 
 
 
 
"Do you like to dance to HELOC... like HELOC'd and dropped it?"

-John Robert

Man on the Street

Tulsa Federal Credit Union

 
 
 
 
 
 
Mortgage Rate Terms and Conditions

The displayed Annual Percentage Rate (APR) for “Fixed Mortgages” and “Adjustable 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.

The displayed Annual Percentage Rate (APR) for “Retire Your Mortgage”, “Second Mortgage/Home Equity”, and “Unimproved Land” assumes a loan amount of $50,000.00 and reflects the interest rate, approximate cost of prepaid finance charges and any origination charge if applicable, but does not include other closing costs.

The APR is calculated based on a loan to collateral value of 80% for fixed rate first position mortgage programs.

The rate may be based on creditworthiness and loan to value of the collateral. Rates provided are based on current market rates and are informational only. Rates on adjustable mortgages may increase after consummation.

Example payments per $1,000 are for stated term. Payment amounts are estimated and include only principal and interest amounts. Actual payments may be higher and may include taxes and insurance premiums, if applicable.

Primary residence and second home mortgages are available for first position mortgages. Second mortgages and home equity loans are available on primary residence properties only. Mortgages not available on rental property.

On adjustable mortgage with terms of 15 years or less the adjustments are every three years and are capped at 1% with a 4% total increase over the life of the loan.

On adjustable mortgage with terms of more than 15 years the adjustments are every three years and are capped at 1% with a 6% total increase over the life of the loan.

If you have any questions or require current rate information on your accounts, please call the Credit Union at 800.256.5626 or 918.610.0200.