Request a Call Back

Please fill out the contact information.

Request a Call Back

Please fill out the contact information.

Click here to start the form!Click here to start the form!

Apply for a mortgage to finance a home purchase this month, and you can qualify for 0.25% off your interest rate.That could result in thousands of dollars saved!

To be eligible to get the discounted rate, you’ll need to apply for your mortgage between August 1 and September 30, 2020, and close your loan by November 30, 2020.

If you want to learn more, complete the form to the right and we’ll give you a call back.

Or if you're ready, you can apply now online or call us directly at 888-750-4124.

How much can a 0.25% interest rate reduction save me on my mortgage?

Consider this example:

Savings Example2
30-Year Fixed-Rate Mortgage Balance: $250,000

Rate: 3.125%
Monthly Payment: $1,070.34

Rate: 2.875%
Monthly Payment: $1,037.23

Monthly Savings: $33.11
Yearly Savings: $397.32
30-Year Savings: $11,919.60


Do you have any special loan programs for homebuyers?

We have several special loan programs to help members purchase new homes, including:

  • First Time Homebuyer Loans, allowing first time buyers to put as little as 3% down
  • 80-10-10 Loans, helping you avoid the expense of private mortgage insurance if you do not have a 20% down payment
  • Asset Based Loans, empowering retired borrowers with significant assets but little income to purchase property


Can I apply for a mortgage with you even if I am not a current member of Spectrum Credit Union?

Absolutely! You do not have to be a current member to apply. We will help you and any joint borrowers complete the membership process before your loan closes.

1 To receive a 0.25% interest rate discount, an application for a mortgage to purchase a home must be submitted between August 1 and September 30, 2020, and the loan must be funded no later than November 30, 2020. Mortgage refinance loans, home equity lines of credit, closed end second mortgages, and Relocation Program loans are not eligible.

For fixed-rate mortgages, the 0.25% interest rate discount is a permanent rate reduction that will be reflected in the Promissory Note interest rate. For adjustable-rate mortgages, the 0.25% interest rate discount will apply to the initial fixed interest rate period and will be reflected in the maximum amount the interest rate can increase over the term of the loan, subject to the minimum interest rate that may be charged per the terms of the Promissory Note.

Rate for a 30-Year Fixed Rate conforming mortgage as of 7/30/20 is 3.125% (3.137% APR) and subject to change without notice. Payment example: For a $200,000 loan amount and a 30-year conforming rate of 3.125% (3.137% APR), estimated payment would be $856.75 per month. Payment does not include taxes and insurance. Actual payment may be higher. All loans subject to approval. Terms are subject to change at any time without notice. The rate may vary depending on each individual’s credit history and underwriting factors. APR = Annual Percentage Rate

2 Savings example is for illustrative purposes only. Payment does not include taxes and insurance.

Copyright © 2020 Spectrum Credit Union. All rights reserved. Equal Housing Lender. Insured by NCUA. Chevron Federal Credit Union dba Spectrum Credit Union.


Extra 0.25% Off 
Mortgage Rates for Home Purchases1

Act by September 30