Mortgages Rates

Mortgage rates are subject to change. Please note that First Financial lends on properties in the State of New Mexico only.

Fixed Rate Mortgages – Effective as of 05/22/2018

Loan Term Base Rate Points
30 year 5.125% 0
30 year Quote upon request 1
30 year Quote upon request 2
15 year 4.875% 0
15 year Quote upon request 1
15 year Quote upon request 2
10 year 4.875% 0
10 year Quote upon request 1
10 year Quote upon request 2

Home Equity Loans1 – Effective as of 05/22/2018

Type Base Rate Loan-to-value
Home Equity Line-of-Credit As low as 5.750% Up to 90% LTV
Fixed Rate 2nd Mortgage As low as 6.125% Up to 90% LTV

1 All rates and underwriting guidelines are subject to change. Additional rate increases may depend on the following: credit scores, cash out, occupancy, condition of credit and type of property. First Financial Credit Union sells mortgage loans on the Secondary Market. Loans that are not eligible to be sold may on occasion be held in portfolio. Lower rates are available by using points. Points are a percentage of the loan paid up front in closing costs, allowing for a rate “buy down”. First Financial Credit Union lends in the State of New Mexico. Loans up to 80% of the value of the property are available. If the loan to value exceeds 80% other fees may apply to include private mortgage insurance. Loans available up to $424,100.

Investment, rental or second home properties may be subject to additional fees, please see your loan officer for details. These types of loans are available up to 75% of the value of the property.

1 Home equity lines of credit rates are variable rates determined by members credit score and loan to value. Terms vary depending on balance. Title insurance will be required on all 1st mortgage lines of credit. The fee may be rolled into the loan. A $35.00 annual fee applies on all home equity lines. Minimum $5,000 draw required. May be tax deductible, please consult your tax advisor. TERMS: DETERMINED BY BALANCE $5,000 – $10,000 – 5 YEARS; $10,001 – $25,000 – 10 YEARS; $25,000+ 15 YEARS. Fixed rate second mortgages are available. The rate is determined by credit score and loan to value. Call your loan officer for more details! ALL LOANS ARE SERVICED LOCALLY.