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Mortgage Rates

Century Federal's mortgage loans offer an easy way to find, buy, and save on a new home or refinance your existing mortgage. On top of our great low rates, you'll also get:

  • Low closing costs
  • No application fees
  • Quick approval process
  • A variety of terms from 10 to 20 years
  • Fixed-rate and adjustable-rates, including a low-cost option with closing costs as low as $250

Here are all the products we offer to help you save more and get you the flexibility you need for buying or refinancing your home:

Rapid Rate Reduction

If interest rates drop during your loan application process, your rate drops...automatically! And, if rates go back up, your rate will remain locked in at the lower rate, which guarantees that your mortgage is financed at the lowest rate possible! For instance, if the rate is at 3% when you apply for your loan, and rates drop to 2.75% before closing, your rate will automatically drop as well. Take advantage of these historically low rates today!

Fixed-Rate Mortgage

A fixed-rate mortgage has an interest rate that remains the same for the life of the loan. In other words, your monthly principal and interest payments won’t change. This is an option to consider for those who plan to stay in the home they want to purchase for 15+ years.

Low-Cost Mortgage

You only pay $250 in closing costs with our low-cost mortgage product! This is right for you if you aren’t wanting to spend a ton of money on closing costs.

Affordable mortgage options with FHA, VA and USDA

Century Federal has partnered with myCUMortgage® to offer VA and FHA loans to our veterans, and to members seeking more affordable home loan options. The down payment requirements with these loans types is typically as low as 3.5% of the current market value of your home.

Let our mortgage professionals help you determine the mortgage product that best meets your needs. Get started today and contact our Mortgage Loan Consultant at 216-535-3211.

Term-Second Mortgage

A second mortgage is a loan that lets you borrow against the value of your home. Your home is an asset, and over time, that asset can gain value. This is a good idea for you if you’re thinking about debt consolidation, home renovation projects, paying off student loans or wanting to take a vacation.

HELOC - Home Equity Line of Credit

A HELOC is a loan set up as a line of credit for some maximum draw, rather than for a fixed dollar amount. So technically, it works like a credit card. Similar to a second mortgage, you borrow against the value or equity in your home. This is a very versatile loan type and can be used for all the same purposes as the Term-Second Mortgage.  

We recommend a consultation with one of our mortgage financing professionals to help guide you every step of the way during your home buying process.

Get started with a few questions about your purchase/refinance