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Low Interest Home Loans for New Purchases and Refinances 


Whether a first-time or repeat home buyer in Central Ohio, financing or refinancing your bank or credit union mortgage, find competitive rates, adjustable and fixed mortgage loans*, and personalized Member Service.



Contact a Mortgage Loan Officer

Learn more about mortgages and home buying, financing and refinancing, and our First-Time Home Buyer Program**. All Mortgage Loan Officers are registered with the Nationwide Mortgage Licensing System (NMLS). 

BMI Federal Credit Union

NMLS ID: 410831 | Phone: 614.707.4000

Michael Piscioneri

NMLS ID: 449027 | Phone: 614.707.4054

Martha Cintron 

NMLS ID: 449025 | Phone: 614.707.4052

Nick Lewis

NMLS ID: 1809323 | Phone: 614.707.4059


Current Mortgage Rates

Home Mortgages

Product Term Mortgage Rate APR1 as low asPrint Mortgages
15 Year Fixed Mortgage2 180 3.500% 3.724%
20 Year Fixed Mortgage3 240 3.750% 3.925%
30 Year Fixed Mortgage4 360 3.750% 3.875%
3/1 ARM5 360 2.940% 4.603%
5/1 ARM6 360 3.140% 4.415%
7/1 ARM7 360 3.440% 4.352%
3/3 ARM8 360 2.840% 3.678%
5/5 ARM9 360 3.040% 3.636%
10/1 ARM10 360 3.740% 4.320%
Mortgage rates effective 12:00 am on Monday, September 30, 2019
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 $453,100.00 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 $1,429.77 for 180 months.
3 A $200,000 mortgage loan with $3,044.75 closing costs will have a monthly payment of $1,185.78 for 240 months.
4 A $200,000 mortgage loan with $3,044.75 closing costs will have a monthly payment of $926.24 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 $836.75 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 $1,478.66 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 $858.38 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 $1,458.74 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 $891.40 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 $1,453.24 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 $826.05 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 $1,453.44 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 $847.53 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 $1,383.95 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 $925.10 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 $1,420.08 is the maximum loan payment amount.
 

Need a Hand? 

Whether purchasing or refinancing, let our low mortgage rates and home loan experts in Dublin, Columbus, and Westerville help find the mortgage that's right for you.
 
If you've already applied, you can also submit additional documentation or check the status of your application here. 
 

*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.