Fixed-Rate Mortgages

Worry-free payment security

A fixed-rate mortgage has an interest rate that remains the same for the entire term of the loan, as opposed to other mortgage loans that have an adjustable or floating interest rate. The biggest benefit of a fixed-rate mortgage is not worrying about varying loan payments that fluctuate with changing interest rates.

30 Year Fixed Rate
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15 Year Fixed Rate
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Let us walk you through the mortgage loan process

1. Get prepared

Buying a home is a big commitment and you’ll want your finances to be in good condition before you start the process to ensure the best possible outcome. Gather your financial information, like recent tax returns, financial statements and pay stubs; your loan application will let you know what financial information is necessary. You should also review your credit score, take a look at your debt-to-income ratio and take other important steps to position yourself for receiving the best possible loan terms.

Use our Mortgage Application Checklist to quickly help you gather the documents you need in order to keep the loan process moving forward.

Download our checklist

2. Decide what you can afford

Before you begin shopping for a home, take a look at your budget and current expenses to determine what you can afford. You’ll want to evaluate your monthly incoming and outgoing funds to see where a down payment, closing costs and your new mortgage payment might fit in.

Use our calculators

3. Get preapproved

Once you know how much home you can afford, complete the application for a preapproval letter. The preapproval will let sellers know that you are a qualified buyer who is prepared to make a home purchase.

Apply now

4. Find your home

Now’s the time to determine all the traits that make up your perfect home. Research areas and neighborhoods of interest. Also, connect with a real estate agent, who can help you search smarter.

Get help from RBFCU Realty

5. Complete paperwork

You’ll complete the application process you started with your preapproval request by submitting your documents and continuing through the loan process. This may sound simple, but it can be a big undertaking, depending on your employment status, residency, etc.

What to expect during the process

6. Finalize your loan

Our mortgage team will help you through each step of the loan process and make sure you know everything you need to know to close your loan with confidence.

FAQ FAQs

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Still have mortgage questions?

Loans subject to credit approval. Rates and terms subject to change without notice. RBFCU mortgage loans are available only on property in Texas. Origination fee program not available for short term loans, FHA or VA loans. Loans requiring PMI or piggyback financing are subject to additional qualifications, are limited to your primary residence, and may require a larger down payment. Jumbo loans may require larger down payments and additional qualifications. NMLS #583215