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Mortgages

Your home buying journey starts here. Whether you’re looking to buy your first home, refinance your forever home, or tap into your current home’s equity, SECU has mortgage options for every eligible member.

What’s your mortgage goal?

Find the right loan solution for you.

Get pre-qualified

Shop with confidence knowing what home price range you can afford. SECU offers no-cost, no-obligation pre-qualifications online, over the phone, or in a branch.

Resources for first-time homebuyers

We offer lending programs and resources tailored to your needs as a first-time homebuyer.

Special mortgage programs

Is your dream home manufactured or historic? SECU offers options to make your dream home a reality.

Adjustable Rate Mortgage

Boost your purchasing power with a loan that allows you to take advantage of a rate typically lower than fixed-rate options for the first five years. This type of mortgage comes with an interest rate subject to change every five years throughout the life of the loan.

Fixed Rate Mortgage

Get predictable monthly payments for the duration of your mortgage with a fixed-rate loan.

Refinancing

Refinancing is the process of replacing an existing loan with a new one, typically with better terms such as a lower interest rate or shorter repayment period. We offer refinancing options to fit your unique financial needs.

How to refinance

Read our step-by-step guide to refinancing your mortgage.

When to refinance

When should you refinance your home loan, and is it the right move for you? Our SECU mortgage specialists can guide you through the decision-making process.

HELOC vs cash-out refinance

Compare the benefits of Home Equity Lines of Credit (HELOCs) and cash-out refinances to help you choose the right fit.

HELOC

Unlock the value of your home with a Home Equity Line of Credit loan that allows you to borrow from a revolving line of credit for life’s big or unexpected expenses.

HELOC vs cash-out refinance

Compare the benefits of HELOCs and cash-out refinances to help you choose the right fit.

Refinancing

Refinancing is the process of replacing an existing loan with a new one, typically with better terms such as a lower interest rate or shorter repayment period. We offer refinancing options to fit your unique financial needs.

Why choose SECU

Finding and applying for a mortgage loan is a life-changing financial decision. No matter what stage of life you’re in, SECU has loan options and mortgage specialists to help you navigate. 

  • Offerings for your needs

    SECU provides several loan options to fit your unique goals. 

  • Leverage local experts

    Connect with our local mortgage team for any questions.

  • Free pre-qualification

    Shop for your home knowing how much you can afford in a mortgage. 

  • Straightforward process

    Apply online, by phone, or at your local branch. 

What to expect when applying

Understand the basics of our home loan application process.

  • Apply

    Apply in person at a local branch, online in Member Access (via the Mortgage Center), through the SECU Mobile App, or by phone at (877) 589-1547.

  • Gather documentation

    Our mortgage specialists will gather all required documentation, including income information, a credit check, and an appraisal order.

  • Process underwriting

    We complete the mortgage underwriting.

  • Closing

    Once approved, closing for refinancing and HELOCs typically take place at a local branch. A licensed attorney handles real estate purchase closings.

Let's get started

Frequently asked questions about mortgages

SECU members can get pre-qualified online, over the phone, or by visiting their local branch. To receive a pre-qualification letter, SECU members must consent to a credit check and provide details on income, debt, and assets, as well as residential and employment history. Once the application for pre-qualification is completed, a pre-qualification letter is typically generated within one business day.

Yes, these materials will be considered part of the loan application process. 

Most credit scoring models are built so you can shop for a mortgage within a certain period — generally between 14 days and 45 days — with little or no impact on your score.

Various factors, including the amount of the down payment or equity, term of the loan, and market conditions determine individual mortgage interest rates.

Closing costs are fees you pay when finalizing a home-buying or home-refinancing transaction. SECU may assess an origination fee, which is capped at $2,500 and based on your mortgage loan type and amount. Origination fees do not apply to HELOCs. You must also pay SECU for an appraisal that is completed by a third party. The remainder of the charges, such as title insurance, attorney fees, homeowners insurance, and property taxes, are paid to third parties. The loan estimate (not applicable for HELOCs), provided within three days of receiving a completed application, estimates what closing costs you can expect.