Skip to main content
couple holding moving boxes

Fixed Rate Mortgages

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

Understand your options

Is a Fixed Rate Mortgage the right option for you? This type of mortgage is ideal for those wanting consistent mortgage loan payments and terms for the life of the loan. These scenarios are common when choosing a fixed rate loan: 

Buying a long-term home

Settling down? Getting a fixed interest rate for your long-term home provides stability in your budget year after year. 

Shopping in a low-interest rate market

When interest rates are low, you can potentially save money by locking in a low rate. 

Sticking to a tight budget

If a small rate increase would mean financial stress for your household, you may be better off with the certainty of a fixed rate loan.

Features of SECU Fixed Rate Loans

  • Multiple term options

    Choose from a variety of loan terms. Private mortgage insurance (PMI) is not required.

  • Low fees

    Our loans do not require application or credit report fees.

  • Lending footprint

    Purchase or refinance primary residences, second homes, and investment properties in North Carolina, South Carolina, Virginia, Georgia, and Tennessee.

  • Tax and insurance included

    Your monthly payment includes principal, interest, and an estimated amount to cover annual property taxes and applicable insurance premiums.

Get pre-qualified for a mortgage

SECU offers no-cost, no-obligation pre-qualifications to members 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, assets, and residential and employment history. Once the pre-qualification form is completed, a pre-qualification letter is typically generated within one business day.

Getting pre-qualified can help you:
  • Understand the home loan amount you can afford.

  • Shop with confidence knowing what price range you can afford.        

  • Demonstrate your creditworthiness in your offer.

  • Reduce timelines and potentially close on your dream home faster.

Compare Fixed Rate Mortgage Loan options

10-Year Fixed Rate Mortgage

Repay your home loan over 10 years with a fixed interest rate.

  • Shorter repayment period compared to longer-term loans
  • Pay less in interest compared to longer-term loans
  • Potentially build equity faster

15-Year Fixed Rate Mortgage

Pay off your mortgage in 15 years with a fixed interest rate.

  • Pay less in interest compared to longer-term loans
  • Potentially build equity faster

20-Year Fixed Rate Mortgage 

Repay your home loan in 20 years with a fixed interest rate.

  • Pay less per month than comparable shorter-term loans

30-Year Fixed Rate Mortgage 

Our longest-term option with a fixed interest rate.

  • Pay less per month than comparable shorter-term loans

Fixed Rate Mortgage rates

These rates are based on a $250,000 loan up to the maximum term length for a single family home.2 Payments represent principal and interest only; taxes and insurance are not included. Therefore, the actual payment obligation will be greater.

Loan typeLoan-to-value3,4,5Rates (APR6)
as low as
Monthly payment
10-Year Fixed Rate90% or less5.675% (5.894% APR)$2,734.89
10-Year Fixed Rate90.01 - 95%5.875% (6.095% APR)$2,759.85
15-Year Fixed Rate90% or less5.875% (6.031% APR)$2,092.80
15-Year Fixed Rate90.01 - 95%6.175% (6.332% APR)$2,133.35
20-Year Fixed Rate90% or less6.450% (6.577% APR)$1,856.58
20-Year Fixed Rate90.01 - 95%7.000% (7.129% APR)$1,938.25
30-Year Fixed Rate90% or less6.750% (6.848% APR)$1,621.50

Disclosures

Frequently asked questions about Fixed Rate Mortgages

Closing costs are fees you pay when finalizing a home-buying or home-refinancing transaction. SECU may assess an origination fee based on your loan amount, which is capped at $2,500, based on your 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. 

You can use our mortgage payment calculator to calculate an estimated monthly payment based on the loan term. 

Adjustable rate mortgages, also known as variable-rate mortgages, have interest rates that may change periodically based on the corresponding financial index. Fixed rate mortgages have an interest rate that remains the same for the life of the loan.