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OUR MORTGAGE RATES

OUR RATES

 
Mortgage Calculator

Use our mortgage calculator to find out what mortgage amount you can afford and what your mortgage payment and amortization schedule would be.​

 
 


​Our Mortgage Rates



​Apply for mortgage online or call us at 1-888-597-1083 to get started.

 

List of rates for MORTGAGE RATES†
MORTGAGE RATES†

Rates Effective: 2024-04-11

Rate
6 month fixed rate (closed)*
7.64
1 year fixed rate (closed)*
7.24
2 year fixed rate (closed)*
6.99
3 year fixed rate (closed)*
5.39
4 year fixed rate (closed)*
5.59
5 year fixed rate (closed) - insured**
4.84
5 year fixed rate (closed)*
5.29
5 year variable rate (closed) - insured**
6.45
5 year variable rate (closed)*
6.90
7 year fixed rate (closed)*
5.59
10 year fixed rate (closed)*
5.84
6 month fixed rate (open)
8.70
1 year fixed rate (open)
8.70
Variable rate (open)
7.90


*This mortgage rate is only available to members with greater than 20% down payment, purchasing a residential, owner occupied property valued at under $1,000,000, and who meet other conditions. A premium may be applied to the rates for all other mortgages. Please visit a branch or call us at 1-888-597-1083 for further details.

**This insured mortgage rate is only available to members with less than 20% down payment, purchasing a residential property valued at under $1,000,000, who are eligible for and purchase mortgage default insurance and meet other conditions. Mortgage default loan insurance is required by lenders when homebuyers make a down payment of less than 20% of the purchase price. Mortgage loan insurance helps protect lenders against mortgage default, and enables consumers to purchase homes with a minimum down payment. The premium is calculated based on a percentage of the amount borrowed. Your premium can be paid upfront in a single lump sum payment, or it can be added to the total balance of your mortgage and included in your monthly payments – in this case, interest will apply to the premium as well. The minimum down payment requirement for mortgage default insurance depends on the purchase price of the home. For a purchase price of $500,000 or less, the minimum down payment is 5%. When the purchase price is above $500,000, the minimum down payment is 5% for the first $500,000 and 10% for the remaining portion. Mortgage default insurance is available only for properties with a purchase price or as-improved/renovated value below $1,000,000.

†Mortgage rates are subject to changes without notice and are available O.A.C. Fixed mortgage rates are compounded semi-annually; variable mortgage rates are compounded monthly. Mortgage rates are based on a 25 year amortization. Terms and conditions may apply. Mortgage funds must be advanced within 120 days of the application date. These rates are discounted and cannot be combined with any other rate discounts, promotions or offers. Additional fees may apply. For specific Annual Percentage Rate (APR) rates, please contact us.

 

Personal Loans & Lines of Credit

Personal loan and line of credit rates vary based on application, are subject to change without notice and are available O.A.C. Terms and conditions may apply. Please contact us to see how a personal loan or a line of credit can work for your specific needs.

Use our calculator to get an idea of what your loan payment could be given a particular loan amount, or calculate your loan amount for the payment you can afford.​

 
 

Prime Rates

 

List of rates for First West Credit Union Prime Rates
First West Credit Union Prime Rates

Rates Effective: 2023-07-28

Rate
Prime
7.20
US Prime
9.00

 

Rate subject to change without notice.