A-USDA-loan-from-Finex-Credit-Union-could-be-the-mortgage-solutuion-you-need.

USDA Loans Help You Get A Home Faster, With Less

Do you prefer living in the countryside over city life? If so, a Finex Credit Union USDA Loan may be able to save you some serious cash when it comes to finding an affordable mortgage for your new place! 

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Affordable Mortgage Rates | Refinance Rates

1 APR = Annual Percentage Rate. The displayed APR represents the lowest possible rates available. Rates are based on credit history and are subject to change without notice.

2 Conforming jumbo rates available for loans that exceed conforming limits and are for amounts up to $1,089,300 depending on property location.

Discounted rate of 1.50 BPS applies only to First-Time Homebuyer purchases only. FHA, and other certain types of loans may be excluded from the Home Loan Special.  Members who are not First-Time Homebuyer eligible, are able to receive a max 7/6 ARM rate discount of 1.00 BPS. on a new purchase only, refinances are excluded. The rate discount is based off the listed 30-year rate on the day the rate lock occurs. 

Rates as of May 24, 2024
Term
Rate
Points
APR1
Term
Rate Buy-Down Mortgage
Rate
5.00%
Points
0
APR1
5.13%
Term
30 Year Fixed
Rate
7.00%
Points
0
APR1
7.13%
Term
15 Year Fixed
Rate
6.50%
Points
0
APR1
6.70%
Term
FHA, CHFA, VA and USDA
Rate
Market rates
Points
APR1
Term
30 Year Fixed Conforming Jumbo2
Rate
Market rates
Points
APR1

1 APR = Annual Percentage Rate. The displayed APR represents the lowest possible rates available. Rates are based on credit history and are subject to change without notice.

2 Conforming jumbo rates available for loans that exceed conforming limits and are for amounts up to $1,089,300 depending on property location.

Discounted rate of 1.50 BPS applies only to First-Time Homebuyer purchases only. FHA, and other certain types of loans may be excluded from the Home Loan Special.  Members who are not First-Time Homebuyer eligible, are able to receive a max 7/6 ARM rate discount of 1.00 BPS. on a new purchase only, refinances are excluded. The rate discount is based off the listed 30-year rate on the day the rate lock occurs. 

Get in touch with us or start your Mortgage application here:

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Keep Your Homeownership Dream Alive

USDA Loan Benefits

Wherever you are with your finances, homeownership may be possible! Finex Credit Union's USDA Loans have been helping eligible Connecticut residents buy a home, build, or renovate with a home loan they can afford. Are you next?

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No Down Payment

Who doesn't love to save money? A Finex Credit Union USDA loan requires ZERO down payment. Pocket your extra cash and apply online 24/7!

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No Mortgage Insurance

You're another financial step closer! USDA loans do not ask you to pay PMI (Private Mortgage Insurance) which is often needed for other home loans.
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Credit Flexibility

Rest easy knowing USDA loans from Finex Credit Union offer less strict credit score requirements when compared to typical mortgage options.
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Stress-Free Mortgage Experience

Your Personal Mortgage Advisor

Meet Cindy Berger, your personal mortgage loan advisor. Enjoy a streamlined mortgage process so you can get into your dream home stress-free. If you are just starting to look or ready to get pre-qualified get in touch with me today!
  • Expert Trusted Advice
    She has more than 20 years of experience in Credit Union Mortgage Lending.
  • Custom Mortgage Options
    She is there with you every step of the way providing solutions to your unique needs.
  • Relationship Not Just a Transaction
    She has a passion for helping people like you to look out for your best interest.
Get In Touch
CindyBerger
Dive Into The Mortgage Details

USDA Eligibility: Things To Consider

Wherever you are on your financial journey, you can count on Finex Credit Union to offer solutions to help you and your family live comfortably. Check out some of the things you'll need to be considered for a USDA home loan. Questions? Please get in touch about your unique situation.

  • It must be an eligible rural property.
  • You must demonstrate economic need.
  • You must show stable income.
  • You must live there for the majority of the year.
  • You must be a U.S. resident, noncitizen national, or permanent resident alien.
Get In Touch
How Much House Can I Afford?

USDA Loan Calculator

If you are planning to purchase a new home in an eligible rural Connecticut town, the savings can really add up! Use our USDA Loan Calculator to explore potential mortgage amounts, interest rates, down payment options, and mortgage terms to see what combination will create a mortgage payment you can comfortably afford.

Your actual term and payment will be provided upon acceptance of a Finex Credit Union Mortgage. This calculator is for informational purposes only and its use does not guarantee an extension of credit.
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Country Roads, Take Me Home

What Is A USDA Loan And Is It For Me?

USDA loans are a great mortgage option for those looking to live in eligible Connecticut towns and rural areas. Because they are guaranteed by the USDA Rural Development Guaranteed Housing Loan Program, they offer great discounts to qualified borrowers. Take these next steps to get started:

  • Contact our mortgage loan advisor.
  • Ask about the 3 USDA home loan options.
  • Discover if you live in an eligible area.
  • Apply online 24/7.
Apply Now
How Much House Can I Afford in Connecticut Guide Cover
Download Your Free Guide

How Much House Can I Afford in CT?

Our financial education experts have compiled this great guide for you to review to determine how much house you can afford. Fill out the quick form below to gain access!

Home Loan Options: Find Your Match

Conventional Mortgage Options

A wide range of home buyers and property types qualify for conventional mortgages. While not part of a specific government program, Finex Credit Union's conventional mortgages still provide an affordable loan option to secure your dream home.

  • 10 - 30 year fixed terms.
  • Adjustable rate mortgage options.
  • No down payment is required.
  • Borrow the entire amount of the cost of your new home (100% financing).
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Jumbo Mortgage

If your dream home requires a mortgage that is larger than $726,200, a Finex Credit Union Jumbo Loan can you help make it happen.

  • Competitive jumbo mortgage rates.
  • Multiple property types are covered including your first home, vacation home, rental property, or condo!
  • Personal Mortgage Loan Advisor to help you navigate our streamlined mortgage process.
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FHA Loan

If you are a first time home buyer, working to build your credit score, or trying to save for a down payment, a FHA loan could be the perfect mortgage for you! 

  • Low down payment options.
  • Low credit score requirements.
  • Mortgage must be for your primary residence, no second homes or investment properties.
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VA Loan

If you are an eligible military service member, a VA loan can help you buy, build, or improve a home while offering you better terms than a typical home loan. Looking to refinance your current home loan? A VA loan can help with that too!  

  • No down payment required.
  • No Private Mortgage Insurance (PMI) required.
  • Lower credit score requirements.
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What our members are saying...

"The whole refi process was effortless with no stress. Everyone we dealt with was helpful and informative. I will be highly recommending them to everyone. The process from start to finish went smoothly and much quicker than I expected."
Dawn
"They were great to work with! They made the process very straightforward. Communication was great so I always knew where we were in the process. Thanks so much!"
Thomas
"Fantastic experience with the team here. From day one, they were on it. They offered a very competitive rate and terms. They really differentiated themselves with service. Great communication throughout, easy process to get them things. The best mortgage experience I’ve ever had bar none. I highly recommend them."
Scott
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USDA Loan Resources Just for You

Wherever you are, dive into our latest articles on home buying tips, ways to save on your mortgage, and more!
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Your Mortgage Questions, Answered

Frequently Asked Questions

Does it make financial sense to rent or buy a home?

We get the question a lot, but there's no right or wrong answer as it depends on a variety of factors. To help you determine this, contact Cindy Berger, our Mortgage Loan Advisor, will give you the guidance and expert advice you are looking for.

How can I determine what I can afford?

For starters, you can use our home affordability calculator to get an estimate of how much house can fit comfortably within your budget. Furthermore, you can reach out to us, and we can tell you exactly what you can be pre-approved for before you go house hunting.

How do I get pre-approved?

We make the process easy. Contact Cindy Berger, our Mortgage Loan Advisor, to get pre-approved so you are armed and ready when you start shopping for a home.