Mortgage Features

When buying a new home or looking to refinance, choosing the right mortgage is key. Whether you are buying your first home or are a seasoned pro, 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.
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Mortgage Payment Assistance
This program provides financial assistance to mortgage borrowers that are struggling on mortgage payments on or after January 21, 2020. Learn More.

Mortgage Rates

Use the mortgage calculator below to see what your monthly payment could be with these great mortgage rates.
Mortgage Rates
Product Type
Rate
APR*
Product Type
15 Year Fixed - 0 Points
Rate
5.88%
APR*
6.06%
Product Type
15 Year Fixed - 1 Point
Rate
5.38%
APR*
5.56%
Product Type
30 Year Fixed - 0 Points
Rate
6.63%
APR*
6.81%
Product Type
30 Year Fixed - 1 Point
Rate
6.13%
APR*
6.31%
Effective March 13, 2023

*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.

Start your application today!

Apply Now

WISH
First time home buyer 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 funds3, the homebuyer will need to:

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Meet Income Eligibility
You must meet income eligibility guidelines for the WISH program.
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Complete Course
Have successfully completed a homebuyer counseling course.
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First-Time Homebuyer
Be a first-time homebuyer.4 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
Model home held by first time homebuyers.
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4-to-1 matching grants
Up to $22,000 can be applied to the down payment and closing costs for the purchase of a home!3
CLAIM YOUR ULTIMATE GUIDE

Buying A House in Arizona?
Are You Buying a House in Arizona? Here's Your Ultimate Guide
Free expert tips to navigate the home-buying process with ease.

The housing market forecast in Arizona is looking as hot as our summer sun. Luckily, we've got everything you need to confidently purchase the home of your dreams

Included in the free guide:
  1. Introduction
  2. Before Buying a House in Arizona- Do This
  3. Check Out Arizona Homes for Sale and Seal the Deal
  4. Buying a House in Arizona - The Home Stretch

Get your free copy now!
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Learning The Lingo

Purchase or refinance?

To find the mortgage option that's best for you, let's review the basics:

A Fixed-Rate Mortgage is a loan with a 15 or 30 year term that has the same rate during the entire term of the loan. Your monthly mortgage payment is the same each month until the loan is paid off. Copper State Credit Union services your home loan until you pay the mortgage off.

Refinancing a mortgage you have elsewhere is easy. The same fixed rate options shown above are available. Check out our current mortgage rates and use our mortgage calculator below to determine how much you could save on your monthly mortgage payment!

Get Started

The right Mortgage for you:

  • Fixed rate mortgage.

    Use Copper State Credit Union's fixed rate mortgage for your primary home, second home, vacation home or investment property!

  • Refinance your mortgage.

    Refinancing is easy! See how much you could save on your monthly mortgage payment by switching your mortgage to Copper State Credit Union!

  • VA loans are available.

    VA loans offer exclusive mortgage benefits to service members, veterans and eligible surviving spouses to help make homeownership affordable.

  • FHA loans are available.

    FHA loans require a lower minimum down payment and are most popular with first-time homebuyers and those who have limited savings or lower credit scores.

Family on floor playing after refinancing their home.
Our low mortgage rates and refinance rates can help you afford the home you've imagined.
No matter which mortgage you select, have confidence that we will be by your side each step of the way. You'll have access to tips, advice, a great rate and a monthly payment that will work with your budget.
Get Started
Love Your Home!

Work with a Preferred Realtor.

Our Preferred Realtors are here to help you! Our trusted realtor partners are knowledgeable about the current housing market and make it their top priority to find Copper State CU members the home of their dreams. Each realtor specializes in an area of the Valley and we can help you find the right realtor partner. Simply click below to get started on your pre-approval or reach our team at 623.580.6020.

Start Your Pre-Approval

 

Interested in becoming one of our Preferred Realtors?

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Mortgage Calculator

See how much home you can afford. Adjust the rate and loan term to see what works with your budget. Like what you see? Email yourself the results for reference.

We recommend a 20% down payment for all mortgages.
Your actual term and payment will be provided upon acceptance of a Copper State CU loan. This calculator is for informational purposes only and its use does not guarantee an extension of credit.
Get Started

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It Is Possible

Homeownership is an adventure!

We value you, your family and your goal to provide a safe, comfortable home for those you love. Our mortgage experts will allow you focus on the adventure and new memories, not the process or paperwork.

Whether you are a first-time homebuyer, a veteran in search of a new home or are looking to save money on your current mortgage payment, Copper State Credit Union can help. 

Get Started
First-Time Homebuyer
Lorenzo B.

Very professional and personable. They made me feel like they had known me for 20 years.

They care about you and your family's needs. Because of them, my family's dreams are coming true.

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Payments Made Easy

Manage Your Mortgage

Did you know we have a tool in online banking JUST for your mortgage?

You can use our mortgage widget to:

  • Check your mortgage balance
  • Set up statements
  • Make your payment

You must be enrolled in Online Banking in order to use this tool. Here are some quick instructions to help you access your mortgage widget.

Mortgage Widget Instructions:

  1. Log in to online banking
  2. Click More from the menu on the left. Then, click Widget Options
  3. Scroll down to Available Widgets and find the House icon labeled Mortgage
  4. Click the + Add symbol to add the Mortgage widget to active widgets. You will see a green banner confirming the widget was added successfully. You can close this pop up.
  5. Click More from the menu on the left and you will now see your Mortgage widget listed. Enjoy your new time-saving widget!

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?

Fixed Rate Mortgage: A fixed rate mortgage is a loan with a 15 or 30 year term that has the same rate during the entire term of the loan. Your monthly mortgage payment is the same each month until the loan is paid off. You can use our Mortgage Calculator above to estimate what your payment could be. While you have a mortgage on your home, Copper State Credit Union holds the title/deed to your home. When you pay the mortgage off, your name will go on the title/deed as the owner of the home.

To ensure you’re choosing the right mortgage, call 623.580.6000 or 800.224.3330 to set up an appointment with a Mortgage Loan Specialist. If you’re ready, you can start your pre-approval process so you can make an offer with confidence.

How much will it cost me to refinance my mortgage?

Refinancing a mortgage you have elsewhere to Copper State Credit Union is easy. Plus, the same fixed rate options are available to you. To determine how much you could save on your monthly mortgage payment, use the Mortgage Calculator above.

We encourage everyone looking to refinance their existing mortgage to call 623.580.6000 or 800.224.3330 to speak with a Mortgage Loan Specialist. This helps to ensure you’re getting the best mortgage option for your home.

What 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.

Disclosure

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 6.81% 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 6.06% APR for a 15 year term, the monthly payment would be $1,674 (excluding property tax and insurance). 1% Origination Fee may apply.

3Funds dependent on availability.

4First-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.

 

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