LoginWith a number of fixed-rate and adjustable-rate mortgage options, we are prepared to help you find financing that fits your plans. We are also equipped to support specialized financing options including VA and FHA loans.
Your mortgage lending needs will be addressed by originators who prioritize your individual goals. From application to closing, we will help you understand your options so you can make informed decisions along the way. We value flexibility, so if you would you like to get a pre-approval for a home purchase on the weekend or after business hours, we'll accommodate your schedule. With our common-sense approach to lending and our team of in-house underwriters, we guarantee fast turnaround times.
Halloween can be Spooky.... but getting a home loan won't be with LUSO!
This October, apply for a mortgage and you'll be eligible for our special rate offer*:
0.50% off fixed-rate mortgage
0.25% off adjustable-rate mortgage
*Offer applies to applications received during the month of October only. Restrictions apply and offer is subject to change without notice. Offer will not be extended and it cannot be combined with any offer or promotion.
Conforming Fixed Rate Mortgage / New Construction / Condo
| Points | Term | Rate | APR | Payment per $1,000 Borrowed |
|---|---|---|---|---|
| 0 Points | 10 Year | 7.125% | 7.350% | $11.68 |
| 0 Points | 15 Year | 7.125% | 7.286% | $9.06 |
| 0 Points | 20 Year | 7.250% | 7.380% | $7.90 |
| 0 Points | 25 Year | 7.375% | 7.488% | $7.31 |
| 0 Points | 30 Year | 7.375% | 7.476% | $6.91 |
| 1 Points | 10 Year | 7.000% | 7.448% | $11.61 |
| 1 Points | 15 Year | 7.000% | 7.320% | $8.99 |
| 1 Points | 20 Year | 7.125% | 7.383% | $7.83 |
| 1 Points | 25 Year | 7.250% | 7.473% | $7.23 |
| 1 Points | 30 Year | 7.250% | 7.450% | $6.82 |
| 2 Points | 10 Year | 6.875% | 7.544% | $11.55 |
| 2 Points | 15 Year | 6.875% | 7.352% | $8.92 |
| 2 Points | 20 Year | 7.000% | 7.385% | $7.75 |
| 2 Points | 25 Year | 7.125% | 7.457% | $7.15 |
| 2 Points | 30 Year | 7.125% | 7.423% | $6.74 |
Conforming Jumbo Fixed Rate Mortgage / New Construction / Condo
| Points | Term | Rate | APR | Payment per $1,000 borrowed |
|---|---|---|---|---|
| 0 Points | 10 Year | 7.625% | 7.852% | $11.94 |
| 0 Points | 15 Year | 7.625% | 7.788% | $9.34 |
| 0 Points | 20 Year | 7.750% | 7.883% | $8.21 |
| 0 Points | 25 Year | 7.875% | 7.991% | $7.64 |
| 0 Points | 30 Year | 7.875% | 7.979% | $7.25 |
| 1 Points | 10 Year | 7.500% | 7.952% | $11.87 |
| 1 Points | 15 Year | 7.500% | 7.825% | $9.27 |
| 1 Points | 20 Year | 7.625% | 7.889% | $8.13 |
| 1 Points | 25 Year | 7.750% | 7.979% | $7.55 |
| 1 Points | 30 Year | 7.750% | 7.957% | $7.16 |
| 2 Points | 10 Year | 7.375% | 8.050% | $11.81 |
| 2 Points | 15 Year | 7.375% | 7.859% | $9.20 |
| 2 Points | 20 Year | 7.500% | 7.892% | $8.06 |
| 2 Points | 25 Year | 7.625% | 7.966% | $7.47 |
| 2 Points | 30 Year | 7.625% | 7.932% | $7.08 |
Fees vary and may be due at application
Mortgage construction and biweekly mortgage payment available at a rate increase of 0.25%
APR: Annual Percentage Rate is based on a $150,000.00 loan amount; Jumbo loan APR is based on a $726,201.00 loan amount.
Down Payment Requirements: a 20% down payment is required; less than a 20% down payment will require PMI Insurance; less than a 30% down payment will require real estate tax escrow.
Loan terms and conditions, including interest rate and/or fees, are subject to change due to the resulting risk rating assigned by the Credit Union’s secondary market investor. Factors used in determining risk ratings include certain loan characteristics such as points, loan amount, loan-to-value, borrower’s credit, property type, occupancy, and loan purpose.
Jumbo loan limits may differ by County per FNMA Guidelines.
Construction Term Policy: The construction phase is limited to a maximum (12) month period; 10% down payment required (10% may be in reserves or land equity).
Non-conforming rates available.
20 Year Amortization Conforming Adjustable Rate Mortgage / Condo
| Points | Term | Rate | APR | Index | CAP | Margin |
|---|---|---|---|---|---|---|
| 0 Points | 5/1 | 6.250% | 8.120% | 1 YR Treasury | 2/6 | + 2.75% |
20 Year Amortization Conforming Jumbo Adjustable Rate Mortgage / Condo
| Points | Term | Rate | APR | Index | CAP | Margin |
|---|---|---|---|---|---|---|
| 0 Points | 5/1 | 6.750% | 8.510% | 1 YR Treasury | 2/6 | + 3.25% |
Owner Occupied / Max Loan $726,200.00
Fees vary and may be due at application
Mortgage construction and biweekly mortgage payment available at a rate increase of 0.25%
APR: Annual Percentage Rate is based on a $150,000.00 loan amount; Jumbo loan APR is based on a $726,201.00 loan amount; 20 YR amortization.
Rates are subject to increase after consummation/first adjustment.
Floor rate will not fall below 2.500% (* 3.000% for Jumbo loans).
Down Payment Requirements: a 20% down payment is required; less than a 20% down payment will require Private Mortgage Insurance (PMI); less than a 30% down payment will require real estate tax escrow.
Rate Lock Policy: LFCU will rate lock for 45 days at no charge. (You will have the option to extend the lock period for an additional fee).
Jumbo loan limits may differ by County per FNMA Guidelines.
Construction Term Policy: The construction phase is limited to a maximum (12) month period; 10% down payment required (10% may be in reserves or land equity).
Non-conforming rates available.
30 Year Amortization Jumbo Adjustable Rate Mortgage/New Construction / Condo
| Points | Term | Rate | APR | Index | CAPS | Margin |
|---|---|---|---|---|---|---|
| 0 Points | 5/1 | 7.000% | 8.582% | 1 Yr Treasury | 2/6 | + 3.250% |
| 1 Points | 5/1 | 6.875% | 8.678% | 1 Yr Treasury | 2/6 | + 3.250% |
| 2 Points | 5/1 | 6.750% | 8.775% | 1 Yr Treasury | 2/6 | + 3.250% |
30 Year Amortization Adjustable Rate Mortgage/New Construction / Condo
| Points | Term | Rate | APR | Index | CAPS | Margin |
|---|---|---|---|---|---|---|
| 0 Points | 5/1 | 6.500% | 8.170% | 1 Yr Treasury | 2/6 | + 2.750% |
| 1 Points | 5/1 | 6.375% | 8.264% | 1 Yr Treasury | 2/6 | + 2.750% |
| 2 Points | 5/1 | 6.250% | 8.360% | 1 Yr Treasury | 2/6 | + 2.750% |
APR: APR: Annual Percentage Rate is based on a $150,000.00 loan amount; Jumbo loan APR is based on a $726,201.00 loan amount; 30- YR amortization.
Rates are subject to increase after consummation/first adjustment.
Down Payment Requirements: a 20% down payment is required; less than a 20% down payment will require PMI Insurance; less than a 30% down payment will require real estate tax escrow.
Jumbo loan limits may differ by County per FNMA Guidelines
Construction Term Policy: The construction phase is limited to a maximum (12) month period; 10% down payment required (10% may be in reserves or land equity).
Non-conforming rates available.