MORTGAGES

General Mortgage Disclosure

Annual Percentage Rate (APR) shown is the lowest rate offered, including discounts and based on credit score. Rates are subject to change without notice.

All mortgages are subject to credit approval. All rates, terms and conditions are subject to change daily and without notice and no rate is guaranteed. For more information, please call a Mortgage Specialist at 888-436-1847.

Any interest on the portion of the credit extension that is greater than the fair market value of the dwelling is not tax deductible for Federal income tax purposes. Please consult a tax adviser for further information regarding the deductibility of interest and charges.

No Down Payment subject to credit approval. Escrows for real estate taxes required. Property insurance is required and flood insurance may be required. Standard closing costs apply. 

At this time we offer mortgage lending in Maine, New Hampshire, Vermont, and Massachusetts.

PAYMENT EXAMPLES
30-Year Fixed Mortgage Loan with $100,000 loan amount and 6.750% interest rate and annual percentage rate of 6.963% will have a monthly principal and interest payment of $648.60. The APR in the payment example was effective on July 7, 2025. The current APR may be different than the APR used in the payment example.  This payment example is applicable to the 30-Year Fixed Conventional Loan, 30-Year Fixed Home 97, 30-Year Fixed Home 100, and the 30-Year Fixed Jumbo Loan and doesn’t include property taxes or homeowner’s insurance, so the monthly payment will be greater. APR is subject to change, terms and conditions apply.

20-Year Fixed Mortgage Loan with $100,000 loan amount and 6.375% interest rate and annual percentage rate of 6.646% will have a monthly principal and interest payment of $738.23. The APR in the payment example was effective on July 7, 2025. The current APR may be different than the APR used in the payment example. This payment example is applicable to the 20-Year Conventional Loan and doesn’t include property taxes or homeowner’s insurance, so the monthly payment will be greater. APR is subject to change, terms and conditions apply.

15-Year Fixed Mortgage Loan with $100,000 loan amount and 6.000% interest rate and annual percentage rate of 6.331% will have a monthly principal and interest payment of $843.86. The APR in the payment example was effective on July 7, 2025. The current APR may be different than the APR used in the payment example. This payment example is applicable to the 15-Year Fixed Conventional Loan and the 15-Year Fixed Jumbo Loan and doesn’t include property taxes or homeowner’s insurance, so the monthly payment will be greater. APR is subject to change, terms and conditions apply.

Fixed Rate Mortgage Disclosure

All rates assume 80% financing with a 20% down payment. For a 1-4 family owner occupied residence, condo, or mobile home on its own land; and one-unit second homes. Loan approval is based on creditworthiness, amount financed, and ability to repay. Loans with a down payment less than 20% require mortgage insurance which could increase the monthly payment and Annual Percentage Rate.

Please refer as well, to the general disclosure found in the section above.

ARM Disclosure

3/1, 5/1, 7/1 & 10/1 Adjustable Rate Mortgage (ARM)
Loan approval, interest rate, and down payment required based on creditworthiness amount financed, and ability to repay. Loans with a down payment less than 20% require mortgage insurance which could increase the monthly payment and Annual Percentage Rate. Escrow for Real Estate taxes may be required which would increase your monthly mortgage payment. Property Insurance is required and flood insurance may be required. Other fees may be assessed, as applicable.

The index for all Adjustable Rate Mortgages is the weekly average of the U.S. Treasury securities for the applicable term. The interest rate on the ARMs will adjust periodically and that may result in an increase of the interest rate after closing. Rates, terms, and conditions are subject to change.

The 3/1 ARM offers a fixed rate for 3 years and adjusts to a 1-year ARM after that period. The interest rate and monthly payment may adjust annually based on the 1-year U.S. Treasury, plus a margin of 3 percentage points. Caps are 2% annual and 6% lifetime.

The 5/1 ARM offers a fixed rate for 5 years and adjusts to a 1-year ARM after that period. The interest rate and monthly payment may adjust annually based on the 1-year U.S. Treasury, plus a margin of 3 percentage points. Caps are 2% annual and 6% lifetime.

The 7/1 ARM offers a fixed rate for 7 years and adjusts to a 1- year ARM after that period. The interest rate and monthly payment may adjust annually based on the 1 year U.S. Treasury, plus a margin of 3 percentage points. Caps are 5% initial, 2% annual and 5% for the lifetime cap.

The 10/1 ARM offers a fixed rate for 10 years and adjusts to a 1-year ARM after that period. The interest rate and monthly payment may adjust annually based on the 1 year U.S. Treasury, plus a margin of 3 percentage points. Caps are 5% initial, 2% annual and 5% for the lifetime cap.

For 1 – 4 family owner-occupied residence, condo or mobile home on its own land; and one-unit second homes.

***HLPR 3/1 Adjustable Rate Mortgage (ARM)

Home-buyers at or below the median income levels with exceptions for underserved areas. Escrows for Real Estate Taxes and Insurance is required. Minimum of one consumer credit counseling consultation required to underscore member’s financial preparedness. Renewal rate (4th year) based upon one-year Treasury constant maturity, plus a margin added of 2.75%. This is subject 1% maximum annual cap and a 5% lifetime cap from the original rate at inception of the loan. The initial 3-year rate will be set weekly by Lighthouse Federal Credit Union, reflecting a discount from the national average of 3/1 ARM programs. Property Insurance is required and flood insurance may be required. Closing costs may apply if the loan is paid off within the first three years of consummation. Certain restrictions do apply. For a 1-2 family owner-occupied residence, condo, or mobile home on its own land. For purchases only.

1/1 Land Loan (ARM)

The 1/1 Land Loan ARM offers a fixed rate for 1 year and adjusts to a 1-year ARM after that period. The interest rate and monthly payment may adjust annually based on the 1-year U.S Treasury, plus a margin of 6 percentage Points. Caps are 2% annual and 6% lifetime.