Homebuyer Hot Take #1: Most people who buy a home need a mortgage (home loan). The cost to borrow is your Annual Percentage Rate (APR) which represents the actual yearly cost of funds over the term of the loan. Always compare APR between lenders, NOT just the interest rate. See our current rates below or click here for more about home loan interest rates. 

Mortgage Rates

Mortgage Rates
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15 Year Fixed - 0 Points
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15 Year Fixed - 1 Point
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30 Year Fixed - 0 Points
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30 Year Fixed - 1 Point
Effective July 1, 2024

*APR=Annual Percentage Rate. Rates, terms and conditions are subject to change and may vary based on credit worthiness, qualifications and collateral conditions. If you are interested in a mortgage loan that is not a 15 year or 30 year term, please contact our Mortgage Concierge at 623.580.6020 about terms from 5-30 years.

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Please contact us at 623.580.6020 for FHA and VA rates.

Homebuyer Hot Take #2: There are several types of mortgages: Conventional, FHA, VA and more. Talk to a mortgage specialist to learn more. 

First-Time Homebuyer Loan: Common Down Payment Amounts

20% The amount that allows you to forego mortgage premium insurance and the recommended down payment amount when possible.

5% The typical down payment amount required for a conventional mortgage loan.

3% The down payment amount that first-time homebuyer loans may qualify for with Copper State Credit Union.

0% Certain programs allow 0% down payment for those who qualify.

Down payment definition

Did You Know?

We partner with organizations that can help with down payment assistance for first-time homebuyers? 

Homebuyer Hot Take #3: The higher the down payment, the less the buyer will need to borrow, the lower their monthly payments, and the less they'll pay in interest over the long term. 

Where Do I Start?

Getting started with a home loan begins with a few key steps. For a more detailed look, read our full blog here: I Need A Home Loan: Where Do I Start?

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Shop Around For
Shop around for competitive rates and for lenders who offer low origination fees.
Down Payment Assistance
Know that we have options, like WISH, if you need a little help. See below for details.
Adjust Your Price Range To Fit Your Budget
Try our mortgage calculator below to see what your potential payment could be.
Get Pre-qualified For A Mortgage
A pre-qualification doesn't require as much paperwork as a full application.
Talk to our Mortgage Team
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We'll Be Right By Your Side

We understand that buying your first house can be scary. Especially if you've always been told you need to have 20% for the down payment or you should find a house before applying for a loan.

Buying a house is a big deal. It's a decision you want to get right. So, before you start signing any important paperwork read our blog about 13 Interesting Misconceptions About How to Buy a House.

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Mortgage Calculator

Use this calculator to see how much your mortgage will cost over time and to see how your potential payment is split between principal and interest. Also check out our Mortgage Comparison Tool and our What Mortgage Can I Afford? virtual tool. 

This calculator is for informational purposes only and its use does not guarantee an extension of credit.

Live, Laugh, Wow - this house has grass

Love Where You Live

We've done our research. Now, we're ready to give you the lowdown on the best neighborhoods in Phoenix, Arizona. Take a look at our top 10 list of Phoenix neighborhoods or watch our YouTube short below.

If you're buying a house in Arizona, it's possible one of these neighborhoods could be perfect for you!

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Mortgage Features

When buying a new home, choosing the right mortgage is key. You can be sure we have a mortgage that is a perfect match for your needs and budget.

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No Hidden Fees
We let you know exactly what fees may occur - multiple, complicated fees don't exist here.1
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Fixed-rate Loans
Fixed-rate mortgages are available with loan terms from 5-30 years.2
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Competitive Rates
Our low mortgage rates and refinance rates offer you an affordable monthly payment.
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Quick Pre-approval
Know how much home you can afford before falling in love with a home outside your budget.
Get Started
Woman holding child up in the air after getting approved for a mortgage.


We Take A Team Approach

Meet Your Copper State CU Mortgage Team 🏡


We have over 52 years of combined experience! You owe it to yourself to find a mortgage team you trust and who has your best interests in mind. 

Copper State Credit Union Mortgage Team (3)

Book Your Free Mortgage Consultation Today

Model home held by first time homebuyers.
4-to-1 Matching Grants
Up to $30,806 can be applied to the down payment and closing costs for the purchase of a home!6

First-Time Homebuyer Program

We understand that for low to moderate-income individuals and families, the journey to becoming a homebuyer takes extraordinary hard work and determination.

That's why we are part of the Workforce Initiative Subsidy for Homeownership (WISH) program. We want to empower your dreams of homeownership! Contact us to learn more.

To be eligible for WISH funds, the homebuyer will need to:

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Meet Income Eligibility
You must meet income eligibility guidelines for the WISH program.3
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Complete Course
Have successfully completed a homebuyer counseling course.4
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First-Time Homebuyer
Be a first-time homebuyer.5 This program is only for first-time homebuyers.
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Open Escrow
Open escrow on a home purchase transaction within one year of enrollment.
Contact Us
Home is where the slippers are

Let’s Simplify Your Homebuying Experience

Buying a home (as amazing as it is!) does involve a lot of paperwork. Some of it is required at the beginning for the preapproval, and other documents will be requested later on in the process, after you've made an offer. It helps if you know ahead of time what you'll have to provide. We got you! Check out our House Buying Checklist: Mortgage Documents You'll Need blog.


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The S.A.F.E. Act

The Secure and Fair Enforcement for Mortgage Licensing Act (S.A.F.E. Act) is a federal law designed to improve protection for consumers and reduce fraud in mortgage lending. Under this law, individual Mortgage Loan Originators (MLOs) must register in the Nationwide Mortgage Licensing System and Registry (NMLS).
All of Copper State Credit Union's mortgage loan originators are highly trained mortgage specialists who are registered with the Nationwide Mortgage Licensing System and Registry (NMLS). Locate your Mortgage Loan Originator's (MLOs) NMLS "ID," or contact us at 623.580.6000 with any questions. 

Have a Question?

Frequently Asked Questions

What is a mortgage loan?

A mortgage is a type of loan used to purchase or maintain a home or property. The borrower agrees to pay the lender over time, typically in a series of regular payments that are divided into principal and interest. The property then serves as collateral to secure the loan.

Which mortgage documents are needed for pre-approval?

Getting ready to apply or get pre-qualified for a mortgage loan? Congratulations, that is awesome! Now is the perfect time to start gathering your needed documentation. Here is a checklist of documents you'll likely need to provide to your mortgage lender.

Do you offer down payment assistance?

Yes, we are part of the Workforce Initiative Subsidy for Homeownership (WISH) program to provide down payment assistance to our community families. Contact us at 623.580.6000 or 800.224.3330 to speak with a Mortgage Loan Specialist to see if you qualify.


1A one-time processing fee is charged as a part of your mortgage loan.

2APR=Annual Percentage Rate. Rates, terms and conditions are subject to change and may vary based on credit worthiness, qualifications and collateral conditions. All loans are subject to approval. For a $250,000 loan with a 20% down payment a 6.77% APR for a 30 year term, the monthly payment would be $1,281 (excluding property tax and insurance); for a $250,000 loan with a 20% down payment at 6.64% APR for a 15 year term, the monthly payment would be $1,742 (excluding property tax and insurance). 1% Origination Fee may apply.

3Meet income eligibility guidelines, as published by the Bank at the time of enrollment in the WISH Program and is at or below 80% of the HUD area median income.

4The homebuyer must have successfully completed, and the Member must certify completion of, a homebuyer’s counseling program provided by, or based on one provided by, an organization recognized as experienced in
homebuyer counseling.

5First-time homebuyer is defined as an individual who has never owned a home before, an individual who has not owned a home for at least three years and for married couples, if one spouse is a homeowner but the other spouse has never owned before, then, according to the FHA, both spouses are considered first-time homebuyers.

6WISH Set-Aside funds may be used only as a grant toward the down payment and/or reasonable and customary closing costs for the purchase by an eligible household of an owner-occupied housing unit to be used as the
household’s primary residence.