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Ent Credit Union
Couple looking at a house.
Fixed Rate Mortgages

A Fixed Rate loan may be a good choice if you:

  • Do not want your interest rate or monthly principal payment to change over the life of the loan.
  • Plan to stay in this home for several years.
  • Don't expect your income to increase significantly in the coming years.
Fixed rate loans maintain their original interest rate throughout the entire life of the loan and are available with several term options. (Any change in monthly loan payments will be due to increases in other charges like insurance or taxes that will naturally occur over time.)

Fluctuations in market rates, over the term of your loan, won't impact the amount of interest you pay because the rate is already "fixed".

Additional Fixed Rate Loan Options

  • VA Loan - No down payment is required, in most instances, for a VA Home Loan. Additionally, there is no private mortgage insurance requirement. This makes a VA Loan an option to consider for those who qualify, including: most members of the military, veterans, reservists and National Guard members. 
  •  FHA Loan - Typically, a Federal Housing Administration loan is easier to qualify for than other loan types due to lower credit score and lower down payment requirements. 

Standard credit qualifications apply. All loans are subject to final credit approval. Please consult your tax advisor, as interest paid on these loans usually is tax-deductible. Financing on homes in Colorado. The 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. Consult a tax adviser for further information regarding the deductibility of interest and charges.