Affordable Options for Your Perfect Home
House hunting can be exciting and hectic. Your mortgage should be the easy part. We have the right products and experienced team to get you into your perfect home with an affordable payment and none of the headaches.
First-Time Buyers
Designed to make buying your first home a reality with all the guidance you need.
Apply Now Learn More- Qualifying credit score of 620
- Low down payment
- Reduced closing cost options
- Home buyer education course required
Fixed-Rate
Great option for people looking to stay in their home for a long time and lock in a low rate.
Apply Now Learn More- Competitive fixed rates
- Term options up to 30 years
- Expert guidance
Treasury ARM
Ideal if you plan on moving within the first 10 years or are buying an investment property.
Apply Now Learn More- Fixed rate for the first 5, 7, or 10 years1,4,5
- 30-year term
TRS Jumbo ARM
Single-family adjustable-rate home loans for those with budgets greater than $766,550.
Apply Now Learn More- Adjustable rate options available1,4,6
- Credit score requirements
Refinance
Lower your monthly payment, save on interest or pay off your loan faster.
Apply Now Learn More- Competitive rates
- Expert guidance
- 5-12 year Finish Line Refi available for loans of at least $25,000
FHA Home Loan
A smaller down payment with an FHA loan could get you into a home faster.
Contact Us Learn More- Down payment as low as 3.5%1,3
- Up to four units
- Lower credit score expectations
VA Home Loan
Special VA loans for active military, veterans, reservists, and National Guard members.
Contact Us Learn More- Backed by the US Department of Veteran Affairs1,3
- No down payment required
- No monthly mortgage insurance required
- Up to 80% of the lot and construction cost
- Adjustable rate1,7
- Term up to 30-years after completion
All Workers mortgages give you access to:
Convenient Online Payments
Online and Mobile Banking
Expert Mortgage Team
Homeowner's Insurance Options
Estimate Your Fixed-Rate Mortgage Payment
Use our calculator to make sure your new payment will fit into your budget. Enter the price of your home, the size of your down payment, your term, and interest rate and we’ll tell you how much you’ll pay on interest and principle.
Calculate Your Payment1All Mortgages: Subject to credit underwriting and approval. Loan amount may vary based upon credit approval. Visit our rates page for all available rates and terms. Rates effective as of
8/30/2021 and subject to change at any time. Offers may be withdrawn at any time. Programs, rates, terms and conditions, are subject to change at any time without notice. Workers Federal Credit Union membership required. Subject to membership eligibility. Annual Percentage Rate=APR.
2Fixed-Rate Single-Family Mortgages: All Annual Percentage Rates (APRs) are based on $100,000 loan to purchase a single family primary residence at an 60% Loan-to-Value (LTV) and a FICO Score of 780 or greater unless otherwise noted. Conforming Fixed Rate Loan Limits: 1 family $766,550; 2 family $981,500; 3 family $1,186,350; 4 family $1,474,400. The Annual Percentage Rate (APR) on a Fixed Rate Single Family Mortgage is as low as 6.473% APR for 10 Years. The monthly payment per $1,000 borrowed is $11.10. Down payment as low as 3%, speak with a mortgage originator to determine eligibility.
3VA, FHA & USDA Mortgages: These mortgage types are not included in the GiveBack Program. Programs for primary residence only and are subject to change.
4Treasury Adjustable Rate Mortgage (TRS ARM): To be used for purchase or refinance of 1-4 family properties in Massachusetts or New Hampshire only. 5/1 TRS ARM available for 1-4 family owner-occupied, investment or second home properties in Massachusetts or New Hampshire. 7/1 TRS and 10/1 TRS ARM rates are also available for these property types and, additionally, for construction loans (rate may vary) on single family primary residences only. Rates on ARMs may increase after closing at applicable adjustment term. 5/1, 7/1 and 10/1 TRS ARMs: Upon rate conversion to variable, all TRS ARMs can adjust initially by 2%, subsequently by 2% and capped at 6%. To get the new rate after the fixed period we use a variable number called “the index”. The index for the TRS (1-year Treasury) ARMs is the weekly average yield on United States Treasury securities adjusted to a constant maturity of 1 year, as made available by the Federal Reserve Board. On all ARMs, we then add “the margin”, which is 2.75%. Maximum loan amount of $2,000,000 at an 80% loan-to-value (LTV). The Annual Percentage Rate (APR) on an ARM is as low as 6.669% for 7/1 TRS ARM - 30 Years. The monthly payment per $1,000 borrowed is $5.68. Taxes and insurance not included. Actual payment obligation may be greater. Required down payment as low as 3%. All listed ARM APRs are based on $100,000 loan to purchase a single family primary residence at a 60% LTV. The featured APR is based on a 7/1 TRS ARM - 30 years.
5On all ARMs, we then add “the margin”, which is 2.75%. Maximum loan amount of $2,000,000 at an 80% loan-to-value (LTV). The Annual Percentage Rate (APR) on an ARM is as low as 6.669% APR for 7/1 TRS ARM - 30 Years. The monthly payment per $1,000 borrowed is $5.68. Taxes and insurance not included. Actual payment obligation may be greater. Required down payment as low as 3%. All listed ARM APRs are based on $100,000 loan to purchase a single family primary residence at a 60% LTV. The featured APR is based on a 7/1 TRS ARM - 30 years.
6TRS ARM Jumbo Mortgage: Jumbo Rate Loan limits: 1 family $2,000,000 at 80% LTV. Lesser loan limits apply on LTVs greater than 80%. The Annual Percentage Rate (APR) on a Jumbo mortgage is as low as 6.601% APR for 7/1 ARM. The monthly payment per $1,000 borrowed is $4.61. Taxes and insurance not included. Actual payment obligation may be greater. Required down payment as low as 5%. All listed ARM APRs are based on $800,000 loan to purchase a single family primary residence at a 60% LTV.
7Construction Loans: Contact the mortgage team for rates and details.
8Text, data, and messaging rates apply for downloading/utilizing the app and text alerts.
9Coverage varies by carrier. Products offered by Workers Insurance Agency and Affiliated Companies. Coverage is subject to eligibility and availability. Other terms, conditions, and exclusions may apply. Insurance products available through Workers Insurance Agency, a CUSO of Workers Credit Union are: NOT A DEPOSIT NOT INSURED, NOT NCUA INSURED, NOT MSIC INSURED, NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY, NOT INSURED OR GUARANTEED BY THE CREDIT UNION OR AFFLIATES. MAY LOSE VALUE. SUBJECT TO INVESTMENT RISK INCLUDING POSSIBLE LOSS OF PRINCIPAL INVESTED.