Mortgage Rates

With Copper State CU, first-time homebuyers may qualify for a 3% minimum down payment. See current mortgage rates below.
Mortgage Rates
Product Type
Rate
APR*
Product Type
15 Year Fixed - 1 Point
Rate
6.000%
APR*
6.289%
Product Type
15 Year Fixed - 1.5 Points
Rate
5.750%
APR*
6.116%
Product Type
30 Year Fixed - 1 Point
Rate
6.500%
APR*
6.679%
Product Type
30 Year Fixed - 1.5 Points
Rate
6.375%
APR*
6.602%
Effective July 14, 2025

*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.

Please contact us at 623.580.6020 for FHA and VA rates.

 

Welcome Home Bonus
$500 Welcome Home Bonus

A Big Thank You

We understand that buying a home is a big deal! When you purchase a home, we want to be there to celebrate with you. That's why we're awarding a Welcome Home Bonus1 to everyone who purchases a new home with us. When you win, we all win. That's the beauty of choosing a local credit union.

Inside our gift basket you'll find:

  • $500 Visa gift card
  • Wool blanket 
  • Stainless steel grilling set
  • Tote bag
  • Mug
  • Hat
  • Magnet
  • Notepad
  • Lip Balm
  • Pens
Get Started

Need to make a Mortgage Payment? Click here.

The Right Mortgage For You
Everyone’s financial situation is unique, which is why we offer a variety of home loan options to fit your needs. Whether you're a first-time homebuyer, a veteran, upgrading to your forever home, or looking to refinance for a better rate, we have a loan that works for you.

Our affordable home loans include:

  • Fixed Interest Rate Mortgage

  • Mortgage Refinance

  • VA Loan

  • FHA Loan

Family on floor playing after refinancing their home.
Our Low Mortgage Rates Can Help You Afford The Home You've Always 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
A happy family move into the home they financed with a fixed interest rate mortgage.

Fixed Interest Rate Mortgage

A fixed interest rate mortgage offers stability and peace of mind with predictable monthly payments that never change, which simplifies budgeting. Take advantage of our flexible terms and low rates to get payments that fit your budget without worrying about future rate increases.

GET STARTED   |   LEARN MORE ≫

 

Home in Arizona that the owner got a better deal on with a mortgage refinance.

Mortgage Refinance

Get a better deal on your home loan! Take advantage of our low Arizona refinance rates to save on interest, or extend your loan term to lower your monthly payments. You can also switch from an adjustable-rate mortgage (ARM) to a fixed-rate mortgage to get predictable monthly payments.

GET STARTED   |    LEARN MORE ≫

 

A happy family in front of the home they financed with a VA loan.

VA Loans

With zero down payment, no private mortgage insurance (PMI) requirement, and competitive interest rates, a VA loan can help you save money upfront and over the life of your loan. VA loans have flexible credit requirements and lower closing costs, which makes it easier to become a homeowner.

GET STARTED   |   LEARN MORE ≫

 

father-and-son-playing

FHA Loans

FHA loans are ideal for first-time homebuyers or those with limited savings. You only need a 3.5% down payment, and the credit score requirement is more lenient than other home loans. An FHA loan provides an affordable path to ownership while keeping your upfront costs manageable.

GET STARTED   |    LEARN MORE ≫

 

Mortgage Benefits

Our Arizona credit union mortgage rates make homeownership affordable for many budgets. Finance your home with us and enjoy a variety of benefits.

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Competitive Rates
Save on interest and keep more money in your pocket.
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No Hidden Fees
What you see is what you get. Transparent terms ensure there are no surprises.2
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Fixed-Rate Loans
Get predictable monthly payments with fixed-rate terms of 5 to 30 years.3
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Personalized Service
Our dedicated team will work with you every step of the way to ensure a smooth process.
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)

Let's Chat! Here's How To Get In Touch With Us:

WISH First-Time Homebuyer Program

For low to moderate-income individuals and families, we understand that 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.4
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Completed Courses
Have successfully completed a homebuyer counseling course.5
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First-Time Homebuyer
Be a first-time homebuyer.6 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.
yellow-lightbulb-spot
4-to-1 Matching Grants
Up to $32,099 can be applied to the down payment and closing costs for the purchase of a home!7

Apply For A Mortgage Or Refinance In 4 Easy Steps

STEP

1

Inquire Online

Conveniently apply online or give us a call at 623.580.6020 for your initial mortgage inquiry. Don’t worry, no credit will be pulled in this step.

STEP

2

Pre-Qualify

We’ll review your inquiry and reach out to talk through the details. We’ll provide you with a prequalification, which is an estimate of how much you might be able to borrow for a home loan.

STEP

3

Pre-Approve

Once you’re ready to purchase a home, we will provide you with a secure, online mortgage application. Here, you will submit all required documents, and a hard credit pull will take place. Then you will have your pre-approval in hand, showing sellers you have financing ready to go.

STEP

4

Close and Celebrate

After you’ve found the perfect home, you’ll finalize your new mortgage by signing the loan documents. Woohoo!

★★★★★

“Clearly the leadership of this credit union understands the importance of a personal experience with its customers and that was felt from the time I entered the building.”

-Michael D., Phoenix, AZ

★★★★★

“This bank has "THE BEST CUSTOMER SERVICE IN THE STATE!" The entire staff was so polite, respectful, helpful, and full of information I needed to know about my financial situation. ”

-Damien D., Phoenix, AZ

★★★★★

“BEST banking experience I have ever had!!! Everyone is always so friendly and helpful whenever I need help or have a question.”

-Rockford J., Phoenix, AZ

Mortgage Calculator

See how much you can save with a mortgage or mortgage refinance using our home loan calculator. Adjust the rate and loan term to see what works with your budget. Like what you see? Email yourself the results for reference.

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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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

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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



Answers To Some Frequently Asked Questions

How do I make my mortgage payment?
  • In person: Visit any of our branch locations.
  • Via mail: There will be a payment coupon attached to your monthly statement. Please detach and mail with your check allowing sufficient time for delivery before your due date.
  • Via online banking/mobile app: After you enroll in online banking via my.copperstatecu.org/enroll, navigate to your online banking dashboard. Click on your mortgage loan, then click Manage Your Mortgage. This will take you to a new page where you can pay your mortgage, view mortgage documents such as your monthly statements, tax docs or escrow statements. You can also find and review your payment history.

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.

Can I pre-qualify for a mortgage?

Absolutely! We’ll be glad to do a preliminary review of your finances and give you an estimate of how much you qualify to borrow. However, keep in mind that pre-qualification is not the same as formal loan approval. Formal loan approval requires a more in-depth review of your finances and a hard credit check.

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.

What is the difference between a fixed-rate and an adjustable-rate mortgage?
A fixed-rate mortgage has an interest rate that remains the same throughout the entire loan term, which gives you predictable monthly payments. In contrast, an adjustable-rate mortgage (ARM) starts with a lower fixed interest rate for an initial period. The rate then adjusts periodically based on market conditions. While ARMs can offer lower initial payments, the interest rate could increase over time, which may lead to higher monthly payments.
What is private mortgage insurance, and do I need it?
Private mortgage insurance (PMI) is a type of insurance that protects the lender in case you default on your loan. It reduces the lender's risk, which allows them to offer mortgages to borrowers with lower down payments. PMI isn't required if you are buying a home with a down payment of at least 20% of the purchase price.
Can I pay off my mortgage early?
Yes, you can make extra payments or pay off your mortgage early without penalty.
When should I refinance my mortgage?

You should consider refinancing your mortgage when it helps you achieve your financial goals. You may benefit from refinancing if:

  • Interest rates have dropped
  • Your credit score has improved
  • You want to switch from an ARM to a fixed-rate mortgage
  • You need to lower your monthly mortgage payments
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.

I’m self-employed. Can I qualify for a mortgage?
Many self-employed individuals qualify for fixed interest rate mortgage loans. Additional documentation may be required to verify your income, however, such as tax returns, profit and loss statements, bank statements and other documents as requested.
What is the down payment required for a mortgage?
Fixed-rate mortgages, which are conventional loans, require down payments of 3% to 20%. FHA loans, which are government-backed, require a minimum 3.5% down payment for borrowers with a credit score of 580 or higher. No down payment is required for a VA 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 the documentation you need. Here is a checklist of documents you'll likely need to provide to your mortgage lender.
What are mortgage points?
Mortgage points are optional fees that you can pay at the closing to lower your mortgage interest rate. Each point costs 1% of your loan amount and can reduce your interest rate by 0.25%.
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 to 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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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. 

Disclosure

1The $500 gift card promotional incentive is based on new mortgage purchases only. Mortgage refinances from Copper State Credit Union or another financial institution are not applicable. Promotion ends March 31, 2025. Restrictions may apply. Offer subject to change without notice. Any earned promotional incentive will be reported to the IRS for tax purposes. NMLS # 410376

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 6.679% APR for a 30 year term, the monthly payment would be $1,264 (excluding property tax and insurance); for a $250,000 loan with a 20% down payment at 6.289% APR for a 15 year term, the monthly payment would be $1,688 (excluding property tax and insurance). 1% Origination Fee may apply.

3A one-time processing fee is charged as a part of your mortgage loan.

4Meet 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.

5The 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.

6First-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.

7WISH 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.

 

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