Mortgages and Home Buyingfront of an ohio home

Low Interest Home Mortgage Loans for Purchases and Refinances 


Financing and Refinancing

Get competitively low mortgage rates with adjustable and fixed options. See our mortgage rates and closing cost information below.

First Time Home Buyers

Ready to purchase your first home? Our First Time Home Buyer Program** may be the perfect option for you.

Apply Online Today or Speak to a Mortgage Loan Officer 

Apply online or request a call from a Mortgage Loan Officer. All BMI FCU Mortgage Loan Officers are registered with the Nationwide Mortgage Licensing System (NMLS).

Request a Call

BMI Federal Credit Union
NMLS ID: 410831 | 614.707.4000

Michael Piscioneri
NMLS ID: 449027 | 614.707.4054

Latoya Richardson
NMLS ID: 1925241 | 614.707.4010
Nick Lewis
NMLS ID: 1809323 | 614.707.4059
Stacey Parker
NMLS ID: 1331802 | 614.707.4057


Current Mortgage Rates

Home Loans | OH Credit Union Mortgage Rates | BMI FCU

Product Term Mortgage Rate APR1 as low asPrint Mortgages
15 Year Fixed Mortgage2 180 2.500% 2.717%
20 Year Fixed Mortgage3 240 2.750% 2.918%
30 Year Fixed Mortgage4 360 2.750% 2.868%
3/1 ARM5 360 2.590% 3.132%
5/1 ARM6 360 2.690% 3.098%
7/1 ARM7 360 2.890% 3.140%
3/3 ARM8 360 2.640% 2.385%
5/5 ARM9 360 2.840% 2.580%
10/1 ARM10 360 2.999% 3.166%
Mortgage rates effective 1:00 pm on Tuesday, July 20, 2021
1 APR = Annual Percentage Rate. Rates, terms, and conditions are subject to change and may vary based on creditworthiness, qualifications and collateral conditions. All loans are subject to approval. Above rates available on conventional owner-occupied single family purchases and refinances. Rates for First Time Home Buyer, second/vacation home loans, and loans over $548,250 will be higher. Discount points are available to reduce your rate. Payments stated include principal and interest only and does not include tax or insurance, your actual payment may be larger. No pre-payment penalty. The annual percentage rate is the cost of credit over the loan expressed as an annual rate. APR may vary. The final APR will be based on the final loan amount and applicable finance charges. Loans with over 80% loan-to-value require Private Mortgage Insurance (PMI) and the APR may be subject to increase. The closing costs are estimates only.
2 A $200,000 mortgage loan with $3,044.75 closing costs will have a monthly payment of $1,333.58 for 180 months.
3 A $200,000 mortgage loan with $3,044.75 closing costs will have a monthly payment of $1,084.55 for 240 months.
4 A $200,000 mortgage loan with $3,044.75 closing costs will have a monthly payment of $816.71 for 360 months.
5 A $200,000 mortgage loan with $3,044.75 closing costs will be paid in 360 monthly installments. The payment will be $799.63 for the first 36 months. The interest rate may change on the three-year anniversary date of the loan closing and then on that day every 12th month thereafter based on the one-year Constant Maturity Treasury (CMT). The maximum rate change per adjustment is 1% and the maximum lifetime interest rate change is 6%. The payment of $1,426.87 is the maximum loan payment amount.
6 A $200,000 mortgage loan with $3,044.75 closing costs will be paid in 360 monthly installments. The payment will be $810.14 for the first 60 months. The interest rate may change on the five-year anniversary date of the loan closing and then on that day every 12th month thereafter based on the one-year Constant Maturity Treasury (CMT). The maximum rate change per adjustment is 1% and the maximum lifetime interest rate change is 6%. The payment of $1,391.53 is the maximum loan payment amount.
7 A $200,000 mortgage loan with $3,044.75 closing costs will be paid in 360 monthly installments. The payment will be $831.39 for the first 84 months. The interest rate may change on the seven-year anniversary date of the loan closing and then on that day every 12th month thereafter based on the one-year Constant Maturity Treasury (CMT). The maximum rate change per adjustment is 1% and the maximum lifetime interest rate change is 6%. The payment of $1,370.32 is the maximum loan payment amount.
8 A $200,000 mortgage loan with $3,044.75 closing costs will be paid in 360 monthly installments. The payment will be $804.88 for the first 36 months. The interest rate may change once every third year based on the three-year Constant Maturity Treasury (CMT). The maximum rate change per adjustment is 2% and the maximum lifetime interest rate change is 6%. The payment of $1,423.86 is the maximum loan payment amount.
9 A $200,000 mortgage loan with $3,044.75 closing costs will be paid in 360 monthly installments. The payment will be $826.05 for the first 60 months. The interest rate may change once every fifth year based on the five-year Constant Maturity Treasury (CMT). The maximum rate change per adjustment is 2% and the maximum lifetime interest rate change is 6%. The payment of $1,402.93 is the maximum loan payment amount.
10 A $200,000 mortgage loan with $3,044.75 closing costs will be paid in 360 monthly installments. The payment will be $842.13 for the first 120 months. The interest rate may change on the ten-year anniversary date of the loan closing and then on that day every 12th month thereafter based on the one-year Constant Maturity Treasury (CMT). The maximum rate change per adjustment is 1% and the maximum lifetime interest rate change is 6%. The payment of $1,307.20 is the maximum loan payment amount.
 

Additional Resources


*Excludes AK, TX, HI, CA
**First Time Home Buyer Program for owner occupied properties in Ohio only.
BMI FCU offers mortgage applications to everyone who lives, works, worships or attends school in Franklin, Licking, Fairfield, Pickaway, Madison, Union, Delaware or Morrow County.