Mortgage Loans

Current Mortgage Rates

Effective October 23, 2020

Term Rate APR* Points
30 Year Fixed 3.125% 3.155% 0.00
3/1 ARM

2.875%

2.907%

0.00
5/1 ARM

3.000%

2.950%

0.00
10/1 ARM 3.250%  3.135% 0.00

To see more mortgage rates, click here.

Ready to Buy a New Home?

Buying a house is one of the biggest financial decisions you will make in your life, and CommonWealth is here to help you finance your purchase wisely. We have partnered with Member First Mortgage to provide you with the best mortgage products available along with the same quality service you have come to expect from CommonWealth.

Looking to Refinance Your Current Home?

With interest rates at historic lows, now may be the right time to think about refinancing your home. Refinancing your mortgage is a great way to potentially lower your interest rate and monthly mortgage payment. With a refinance, you may be able to pay off your mortgage sooner, pull cash out of your house for a major remodel, or switch from an adjustable-rate loan to a fixed rate.

Take Advantage Of:

  • Great rates and terms
  • Low fees
  • Conforming, and Jumbo loans
  • Fixed and adjustable-rate mortgages
  • No application fees
  • Easy step-by-step application 24/7
  • Instant pre-qualifications
  • No pre-payment penalties

Getting started is easy:

  • Mortgage Rates

    Conforming Fixed-Rate Loan (Loan Amounts $510,400 and under)

    Term Rate APR* Points
    30 Year Fixed 3.125% 3.155% 0.00
    20 Year Fixed

    3.125%

    3.167%

    0.00
    15 Year Fixed

    2.750%

    2.799%

    0.00
    10 Year Fixed 2.750%  2.822% 0.00

    Super Conforming Fixed-Rate Loan (Loan Amounts $510,401 to $765,600)

    Term Rate APR* Points
    30 Year Fixed 3.375% 3.404% 0.00
    20 Year Fixed

    3.250%

    3.289%

    0.00
    15 Year Fixed

    2.875%

    2.920%

    0.00
    10 Year Fixed 2.750%  2.798% 0.00

    Jumbo Fixed-Rate Loan (Loan Amounts $765,601 to $1,500,000)

    Term Rate APR* Points
    30 Year Fixed 3.500% 3.527% 0.00
    20 Year Fixed

    3.375%

    3.411%

    0.00
    15 Year Fixed

    3125%

    3.168%

    0.00
    10 Year Fixed 3.000%  3.061% 0.00

    Conforming Adjustable Loan (Loan Amounts $510,400 and Under)

    Term Rate APR* Points
    3/1 ARM 2.875% 2.907% 0.00
    5/1 ARM

    3.000%

    2.950%

    0.00
    5/5 ARM

    3.250%

    3.038%

    0.00
    7/1 ARM 3.125%  3.022% 0.00
    10/1 ARM 3.250% 3.135% 0.00

    Jumbo Adjustable Loan (Loan Amounts $510,401 to $1,500,000)

    Term Rate APR* Points
    3/1 ARM 2.875% 2.902% 0.00
    5/1 ARM

    3.000%

    2.945%

    0.00
    5/5 ARM

    3.250%

    3.033%

    0.00
    7/1 ARM 3.125%  3.017% 0.00
    10/1 ARM 3.250% 3.130% 0.00

     

*APR = Annual Percentage Rate. Advertised rates are effective as of 10/1/2020 and are for Conforming Mortgage Loans up to $510,400. Contact a Mortgage Consultant for current rates. Your actual interest rate will be determined at the time an interest rate lock is completed. Programs, rates, terms and conditions are subject to change without notice. All loans are subject to approval and additional restrictions may apply. Mortgage loan services provided by Member First Mortgage LLC (NMLS ID #149532) Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act. CommonWealth Central Credit Union (NMLS ID #458544).