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Fixed-Rate Mortgage

Lock in an interest rate for the life of your loan with a predictable monthly payment.

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Or call 1-800-561-9433

Fixed-Rate Mortgage Purchase Interest Rate  APR  Points  Monthly Payment Loan Term (Months)
30-Year Fixed 7.000% 7.041% -0.250 $1,995.91 360
20-Year Fixed 6.625% 6.678% -0.125 $2,258.85 240
15-Year Fixed 6.875% 6.941% 0.000 $2,675.56 180
10-Year Fixed 7.000% 7.093% 0.000 $3,483.25 120
7-Year Fixed 7.125% 7.253% 0.000 $4,546.16 84
5-Year Fixed 7.125% 7.299% 0.000 $5,958.07 60

Fixed Rates effective as of June 7, 2024.请注意,此处显示的利率和年利率(APRs)适用于信用评分为780或更高,贷款价值比(LTV)为75%的借款人,并且基于印第安纳州财产担保的贷款. 根据您的信用评分,实际利率和年利率可能会有所不同, LTV ratio and other factors, and may be higher than those displayed here. Rates, closing costs and points may vary by property location, loan type and borrower credit and income characteristics. ALL FINANCING SUBJECT TO CREDIT APPROVAL. Example Monthly Payments based on a purchase price of $400,000, FICO® score of 780 or greater, 25% down payment, and loan amount of $300,000; they do not include amounts for taxes and insurance premiums, if applicable, and the actual payment obligation may be higher. Rates are subject to change without notice. Some restrictions may apply. 请致电查询其他按揭产品的利率资料.

Fixed-Rate Mortgage Refinance Interest Rate  APR  Points  Monthly Payment Loan Term (Months)
30-Year Fixed 7.125% 7.166% 0.000 $2,021.16 360
20-Year Fixed 7.125% 7.179% -0.125 $2,348.46 240
15-Year Fixed 7.250% 7.317% -0.125 $2,738.59 180
10-Year Fixed 7.375% 7.469% -0.250 $3,541.51 120
7-Year Fixed 7.625% 7.754% 0.000 $4,620.01 84
5-Year Fixed 7.625% 7.800% 0.000 $6,029.22 60

Fixed Rates effective as of June 7, 2024.请注意,此处显示的利率和年利率(APRs)适用于信用评分为780或更高,贷款价值比(LTV)为75%的借款人,并且基于印第安纳州财产担保的贷款. 根据您的信用评分,实际利率和年利率可能会有所不同, LTV ratio and other factors, and may be higher than those displayed here. Rates, closing costs and points may vary by property location, loan type and borrower credit and income characteristics. ALL FINANCING SUBJECT TO CREDIT APPROVAL. Example Monthly Payments based on a purchase price of $400,000, FICO® score of 780 or greater, 25% down payment, and loan amount of $300,000; they do not include amounts for taxes and insurance premiums, if applicable, and the actual payment obligation may be higher. Rates are subject to change without notice. Some restrictions may apply. 请致电查询其他按揭产品的利率资料.

Fixed-Rate Mortgage

Home ownership can bring surprises, but your monthly mortgage payment won’t be one.

KEY FEATURES

  • Interest rate remains the same for the life of the loan
  • Predictable monthly payments that will not change
  • Available in terms of 5, 7, 10, 15, 20, and 30 years
  • Can be used for home purchase or mortgage refinance
  • Low fees and closing costs
  • Down payment as low as 5% of purchase price — including First Time Homebuyers
  • Financing available for primary residences, second homes, and investment (rental) properties up to a loan amount of $453,100
  • Apply in 15-20 minutes!

Calculate Your Payments

MAY BE A GOOD CHOICE IF:

  • You want your rate and payments to stay the same for the life of the loan
  • You plan to stay in your home for several years
  • You want lower monthly payments by spreading them out over a long period of time
  • Trade-off: Interest rate is generally higher than an adjustable-rate mortgage

Compare to Other Mortgages

So, what exactly is a Fixed-Rate Mortgage?

Family of four cuddling in the living room

这种传统类型的贷款在整个贷款期限内保持其原来的利率. So even if there are fluctuations in market rates over the term of your loan, your interest rate will not be impacted because your rate is already "fixed.“每月还款额的任何变化都将是由于保险或税收等其他费用的增加,这将随着时间的推移而自然发生. 如果你打算在这个房子里住几年,固定利率抵押贷款对你来说可能是一个不错的选择. If you choose a longer-term loan, you can plan for lower monthly payments. 这种类型还可以帮助你计划你的每月预算,因为利率不会波动.

Compare All Mortgages Apply Now

How does a Fixed-Rate Mortgage compare to other mortgage options?

Take a look at this chart to compare the mortgage options. This can help you best match your situation.

  Fixed-Rate Mortgage Adjustable Rate Mortgage First-Time Homebuyer Program FHA Loan
Key Benefits

Predictable payments

No interest-rate surprises

Lowest short-term rates

Initial lower monthly payments

Low down payment

No mortgage insurance

Low down payment

Government-backed

A Good Option If You

Want your rate and payments to stay same for life of loan

Plan to stay in your home for several years

Are comfortable with rate and payments fixed at first, then adjusting later

Don't plan to stay in the home long

Do not have a substantial down payment saved

Have not owned a house in the past three years

Do not have a substantial down payment saved

Have less than perfect credit or limited credit history

Available Loan Terms

Purchase & Refinance:

5, 7, 10, 15, 20, and 30 years

Purchase & Refinance:

5/5 ARM 30 year and 7/6 ARM 30 year. Please call for information about other ARM products and terms.

15, 20, and 30 year fixed

5/5 ARM and 7/6 ARM

Purchase & Refinance:

15 and 30 years

Interest Rate As Low As

Purchase: 6.875% for 15-Year Fixed

Refinance: 7.250% for 15-Year Fixed

Purchase: 8.000% for 3/6 ARM 30-Year

Refinance: 8.500% for 3/6 ARM 30-Year

7.250% for 15-Year Fixed

8.625% for 7/6 ARM 30-Year

Purchase: 6.625% for 30-Year Fixed

Refinance: 6.625% for 30-Year Fixed

APR As Low As

Purchase: 6.941% for 15-Year Fixed1

Refinance: 7.317% for 15-Year Fixed1

Purchase: 8.314% for 3/6 ARM 30-Year2 

Refinance: 8.455% for 3/6 ARM 30-Year2 

7.310% for 15-Year Fixed3

8.555% for 7/6 ARM 30-Year2 

Purchase: 7.388% for 30-Year Fixed4

Refinance: 7.388% for 30-Year Fixed5

No Points
No Mortgage Insurance (PMI)
Down Payment As low as 5% of purchase price As low as 10% of purchase price As low as 5% of purchase price As low as 3.5% of purchase price
Loan Limits

Up to $450,000

Special Feature Backed by the Federal Housing Administration (FHA)

Is refinancing available?

Yes! When you refinance your home, you actually pay off your existing mortgage and replace it with a new one. 你可能这样做是为了获得更低的利率或缩短抵押贷款期限. 也许你目前的财务状况会使你从可调利率抵押贷款切换到固定利率,如此页所述. You can learn more about refinancing your mortgage with Elements.

Fixed-Rate Mortgage Refinances Interest Rate  APR  Points  Monthly Payment Loan Term (Months)
30-Year Fixed 7.125% 7.166% 0.000 $2,021.16 360
20-Year Fixed 7.125% 7.179% -0.125 $2,348.46 240
15-Year Fixed 7.250% 7.317% -0.125 $2,738.59 180
10-Year Fixed 7.375% 7.469% -0.250 $3,541.51 120
7-Year Fixed 7.625% 7.754% 0.000 $4,620.01 84
5-Year Fixed 7.625% 7.800% 0.000 $6,029.22 60

Fixed Rates effective as of June 7, 2024.请注意,此处显示的利率和年利率(APRs)适用于信用评分为780或更高,贷款价值比(LTV)为75%的借款人,并且基于印第安纳州财产担保的贷款. 根据您的信用评分,实际利率和年利率可能会有所不同, LTV ratio and other factors, and may be higher than those displayed here. Rates, closing costs and points may vary by property location, loan type and borrower credit and income characteristics. ALL FINANCING SUBJECT TO CREDIT APPROVAL. Example Monthly Payments based on a purchase price of $400,000, FICO® score of 780 or greater, 25% down payment, and loan amount of $300,000; they do not include amounts for taxes and insurance premiums, if applicable, and the actual payment obligation may be higher. Rates are subject to change without notice. Some restrictions may apply. 请致电查询其他按揭产品的利率资料.

What fees and closing costs should I expect?

Family of four prepping dinner in the kitchen

The specific amount of your closing costs will vary. A home loan often involves many fees, such as the appraisal fee, title charges, closing fees, and state or local taxes. These fees vary from state to state and also from lender to lender. 

Third Party Fees

第三方费用是指我们收取并转交给实际提供服务的人的费用. These can include the appraisal fee, the credit report fee, the settlement or closing fee, the survey fee, tax service fees, title insurance fees, flood certification fees, and courier/mailing fees. For example, an appraiser is paid the appraisal fee, a credit bureau is paid the credit report fee, and a title company or an attorney is paid the title insurance fees. 您的要素抵押贷款发起人将审查所有费用与您根据您的具体贷款金额, purchase price, and home value.

Taxes and Other Unavoidable Costs

这些费用包括州/地方税收和记录费用,无论你选择哪个贷款机构,很可能都要支付. If some lenders don't quote you fees that include taxes and other unavoidable fees, don't assume you won't have to pay it. 一个没有告诉你费用的贷款人可能没有做必要的研究来提供准确的成交成本. 

Lender Fees

Lender fees such as points, document-preparation fees, 贷款处理费由贷款人保留,用于为你提供尽可能低的利率. 在做出决定之前,你应该非常仔细地比较不同贷款人的费用类别. Elements charges a standard $995 origination fee on all mortgages.

For more information, call us at 1-800-561-9433.

Should I get preapproved before buying a home?

A couple paying bills at the laptop

Call us at 1-800-561-9433 看看你能不能提前申请到贷款,这样你就知道你能承受的价格范围了, to evaluate the monthly costs of a mortgage, and to see how much of a loan you can afford. The preapproval will also give you some leverage when negotiating with the sellers.

Get Preapproved

Does Elements have a special program for first-time homebuyers?

Yes! Our First-Time Homebuyer Program 允许您以5%的首付购买新房,无需私人抵押贷款保险(PMI). The loans can be up to $450,000, and it’s okay if your down payment was gifted to you. We will also be there to give you guidance at each step through the process.

我们也有其他的项目,可以用更低的首付条件,如 FHA, VA, and USDA loans. For more information, call us at 1-800-561-9433.

First-Time Homebuyer Program

How is my mortgage payment calculated?

A family moving into their new home

Your monthly mortgage payment is made up of four components: principal, interest, property taxes, and homeowner’s insurance (referred to as "PITI"). 

Principal and Interest

Principal and interest are based on the loan amount, interest rate, and term (amortization) of your loan. 

Property Taxes

Property taxes are assessed annually. 你的税额要除以12个月,以确定每月从你那里收取多少税款.

Insurance

Homeowner’s Insurance is also paid annually. The amount of your annual premium is divided by 12 months as well. 

私人抵押贷款保险(PMI)也可以是你每月抵押贷款支付的一部分. 这是贷款人获得的保险,以保护他们免受任何损失,如果你停止偿还贷款. 如果你在购买时不支付至少20%的首付,或者在再融资时拥有20%或更多的房产权益,那么传统贷款通常需要PMI.

Calculate My Mortgage Payment

What happens during the mortgage application process?

A family of three talking to a financial planner

Getting Started

You can apply online in 15-20 minutes! Submit your application anytime. Or call us at 1-800-561-9433 to apply by phone. When you apply, have ready your government-issued ID (driver’s license, state ID, or passport) and estimates of your household income, assets, home value and price you paid for your home. 

Gathering Documentation

我们将在您提交申请后的一个工作日内与您联系,以审查我们需要您提供的文件. We’ll also answer any questions you may have. 

Application Review & Approval 

Once you have supplied your documents, your loan will be reviewed by an underwriter. After the underwriter review, 您的Elements抵押贷款发起人和贷款处理人员将共同努力,以获得关闭贷款所需的任何进一步的文件, including the appraisal and title work. 

Closing

Once your loan has received final approval, your closing will be scheduled at a location convenient for you. That's it — your mortgage is complete! Application to closing takes an average of 30 days

Get Started

What do I need to know about my mortgage after closing?

A blue front door with a welcome mat that says "Home"

We work with partners in our industry to best serve your home loan needs. Since 2017, Elements Financial began an alliance with Dovenmuehle Mortgage, Inc. (DMI) to provide servicing for the mortgage loans directly held by our credit union. DMI以其专业的服务和便捷的技术而闻名于业界,是美国领先的抵押贷款服务机构之一.S. They allow us to provide the following member benefits:

  • Access to online mortgage tax forms;
  • Expanded general mortgage information online and within your monthly statement, such as escrow details;
  • Continued 24-hour online access to your account and call center support.

The alliance with DMI has no impact on the terms of your mortgage. Your loan is still owned by Elements in cases where DMI provides the servicing.

Why should I go to Elements for my mortgage?

Like a Bank, Only Better!

Personal Mortgage Guidance

Buying a home can be a bit overwhelming. But don’t worry. We’ll be with you every step of the way to guide you through the mortgage process, from pre-approval all the way to closing. You’ll have your personal mortgage expert’s cell phone number, so you can get all your questions answered very quickly. 

Better Rates. Fewer Fees.

Because we’re a credit union, we return profits to members in the form of reduced fees, higher savings rates and lower loan rates.

Trusted Advice. Fresh Approach.

We pride ourselves in being a trusted source for financial education. We come to your workplace to answer questions and can provide you with a dedicated Mortgage Loan Originator6 to guide you through the entire mortgage process.

Respected Locally. Accessed Globally.

自1930年以来,我们的总部设在印第安纳波利斯,在全国信用合作社中排名前3%7. We serve members in all 50 states and 50+ countries. 您可以使用全国5000多家共享分行和全球78000多台免费atm机.

High Tech. Human Touch.

Our technology makes banking with Elements easy. From quick digital applications to online and mobile banking, we’ll be by your side wherever you go. 我们在这里为您提供全天候会员服务,并在工作日进行实时聊天.

Get Started

How do I apply?

Screenshot of Elements online application

3 Easy Steps to Apply

  1. Apply online - Do this online whenever you have 15-20 minutes to spare. Or call 1-800-561-9433 to get started.
  2. Take our call -我们将在您提交申请后的一个工作日内与您联系,查看我们需要哪些文件并回答您的问题.
  3. Schedule your closing -We'll stay in touch with you throughout the mortgage process. Then, if you're approved, we'll schedule your closing at a location convenient for you.

Apply Now Get Preapproved

Great rates and amazing service! I am so glad I financed my mortgage through Elements. The application and entire process was so easy!

- Sandy M. | Member since 2010

What Would My Mortgage Payments Be?

Mortgage Calculator

Results

Principal and Interest $____
Property Tax* $____
Home Insurance* $____
Mortgage Insurance* $____

* Estimates based on national averages.

  1. 1 Fixed Rates effective as of June 7, 2024.请注意,此处显示的利率和年利率(APRs)适用于信用评分为780或更高,贷款价值比(LTV)为75%的借款人,并且基于印第安纳州财产担保的贷款. 根据您的信用评分,实际利率和年利率可能会有所不同, LTV ratio and other factors, and may be higher than those displayed here. Rates, closing costs and points may vary by property location, loan type and borrower credit and income characteristics. ALL FINANCING SUBJECT TO CREDIT APPROVAL. Example Monthly Payments based on a purchase price of $400,000, FICO® score of 780 or greater, 25% down payment, and loan amount of $300,000; they do not include amounts for taxes and insurance premiums, if applicable, and the actual payment obligation may be higher. Rates are subject to change without notice. Some restrictions may apply. 请致电查询其他按揭产品的利率资料.
  2. 2 Adjustable Rates effective as of June 7, 2024. 请注意,此处显示的利率和年利率(APRs)适用于信用评分为780或更高,贷款价值比(LTV)为75%的借款人,并且基于印第安纳州财产担保的贷款. 根据您的信用评分,实际利率和年利率可能会有所不同, LTV ratio and other factors, and may be higher than those displayed here. Rates, closing costs and points may vary by property location, loan type and borrower credit and income characteristics. ALL FINANCING SUBJECT TO CREDIT APPROVAL. Example Monthly Payments based on a purchase price of $400,000, FICO® score of 780 or greater, 25% down payment, and loan amount of $300,000; they do not include amounts for taxes and insurance premiums, if applicable, and the actual payment obligation may be higher. Rates are subject to change without notice. Some restrictions may apply. 请致电了解ARM产品的价格信息,并注明其他条款.
  3. 3 First Time Homebuyer Rates effective as of June 7, 2024. 请注意,此处显示的利率和年利率(APRs)适用于信用评分为780或更高,贷款价值比(LTV)为95%的借款人,并且是基于印第安纳州财产担保的贷款. 根据您的信用评分,实际利率和年利率可能会有所不同, LTV ratio and other factors, and may be higher than those displayed here. Rates, closing costs and points may vary by property location, loan type and borrower credit and income characteristics. ALL FINANCING SUBJECT TO CREDIT APPROVAL. Example Monthly Payments based on purchase price of $350,000, FICO® score of 780 or greater, 5% or more down payment, and loan amount of $332,500; they do not include amounts for taxes and insurance premiums, if applicable, and the actual payment obligation may be higher. Rates are subject to change without notice. Some restrictions may apply. 请致电查询其他按揭产品的利率资料.
  4. 4 FHA Mortgage Rates effective as of June 7, 2024. 请注意,此处显示的利率和年利率(apr)适用于信用评分为780或更高和96的借款人.5%的贷款价值比(LTV),并以印第安纳州财产担保的贷款为基础. 根据您的信用评分,实际利率和年利率可能会有所不同, LTV ratio, and other factors, and may be higher than those displayed here. Rates, closing costs, and points may vary by property location, loan type, and borrower credit and income characteristics. ALL FINANCING SUBJECT TO CREDIT APPROVAL. 举例:购买价格为400,000美元,FICO®分数为780或更高,以及3.5% or more down payment, and loan amount of $386,000; FHA mortgage insurance premium is excluded, and they do not include amounts for taxes and insurance premiums, if applicable, and the actual payment obligation may be higher. Rates are subject to change without notice. Some restrictions may apply.
  5. 5 FHA Mortgage Rates effective as of June 7, 2024. 请注意,此处显示的利率和年利率(apr)适用于信用评分为780或更高和96的借款人.5%的贷款价值比(LTV),并以印第安纳州财产担保的贷款为基础. 根据您的信用评分,实际利率和年利率可能会有所不同, LTV ratio and other factors, and may be higher than those displayed here. Rates, closing costs and points may vary by property location, loan type and borrower credit and income characteristics. ALL FINANCING SUBJECT TO CREDIT APPROVAL. 例如,每月付款基于财产价值为400,000美元,FICO®评分为780或更高,以及3.5% or more equity, and loan amount of $386,000; FHA mortgage insurance premium is excluded, and they do not include amounts for taxes and insurance premiums, if applicable, and the actual payment obligation may be higher. Rates are subject to change without notice. Some restrictions may apply.
  6. 6 Nationwide Mortgage Licensing System Registrants: Elements Financial FCU 410639, Shawn Adams 1969445, Charles Akinbola 1811812, Barbara L Allen 609733, Rick Anderson 169934, Nick Bates 2030112, Lindsey Badanek 724103, Cynthia Bell 427359, Nyla Bivens 1128100, Jamie Bonner 435395, Laura Bordenkecher 1590841, April Bratton 1169913, Miesha Brooks 1916521, Dawn Michelle Bruce 899516, Julie Bowering 443400, John Bugbee 581674, Melissa Bullock 2122657, Tracee Buckrop 609727, Karla Chevrie 404630, Eliza Claborn 1826115, Christine Clark 609734, Shane Clark 2253719, Brooklynn Coop 2416469, Kaylee Cooper-Sweeting 2552218, Mary Ann Deckard 1259646, Ashlie M Dew 539208, Curtis Neal Dodd 200259, Ron E Ellis Jr 1207645, Barbara Fey 489638, Kara Michelle Fischer 1469113, Tami Renee Forsythe 609730, Lenore Gallagher 975065, Sherry Gaw 988244, Emilee Goode 1776621, Jody Gray 2320767, Robert Goodwin 975067, Quentin Girten 1919653, Courtney Guth 1623852, Abigail Hall 1469114, Mariah Hestand 1809685, Dial Holliday 1436039, Jennifer Hooker 1807696, Theresa Iaria 1128103, Chris Jones 1484986, 凯西·琼斯1942020,克里斯托弗·科尔143199,安迪·凯特尔巴尔443776,吉尔·基德维尔609731, Brooklynn King 2311546, Michele King 1759144, Sara Keedy 1512646, Sean Kiely 425511, Brittnie Kreuzman 2433042, Tara Nicole Lambert 883082, Teresa Ledford 444283, Cindy Leisure 1080329, Rebecca Littell 996455, Tyler Lonergan 2066084, Blake Luker 2007589, Kristy Mars 609725, Beverly Marshall 444941, Elizabeth McGovern 2313054, Alexander J Menestrina 1190426, Beth Moberg 473454, Justin D Montour 1198316, Brooke Moss 1824059, Terri Mossbrucker 1385461, Kristina Mowery 916118, Amber D Murphy 1082684, Mallory Neill 1750269, Constance Nelson 975071, Micha Noble 1950136, Grace Nolan 1840818, Regina Norman 1080327, Stacy Oswald 1380912, Clayton F Patterson 424532, Shaneka A Pedersen 426201, Meghan Pedigo 1601304, Shari Peek 1623439, Steve Perius 610700, Janene Petree 1529353, Kyle Thomas Plumlee 1930758, Noah Pumphrey 2313162, Kim Purkhiser 1313210, Tania Query 608383, Rebecca Rice 1007612, Miranda Grace Renee Rizzo 1198315, Janai S Roberts 252636, Tim Sallee 1192774, Susan Roberts 975068, Darlene Rogers 2266067, Carol Biale-Schroeder 1863399, Ryan Sebree 1866273, Ron Senci 1068152, Jessica Siegman-Bradford 1454706, Brad Smith 906855, Amy Lynn Stokes 1387213, Paulette Stull 1487007, Ann Sukup 2511201, 布伦特·泰德福德1892880,布拉德利·汤普森609732,朗达·韦弗2213627,萨曼莎·怀特1849420
  7. 7 Based on asset size as of 12/31/2022.