Skip to Content

Link to home

Contact Us Home Mortgages Become a Member Glossary

Home Loan Basics

Knowledge is power. Knowing your choices gives you the power to make good decisions. Throughout the Mortgage Center you'll find valuable information you may use when buying or refinancing your home.

Rates & Services

Discover the advantages of our various Loan Options. Let our Loan Consultant help you choose the loan that is right for you. Use Rate Tracker to notify you when a particular rate is available. Learn more about options to lock your rate while your loan is in process.

About Us

Your Credit Union is the only complete mortgage lending solution. We know mortgage lending, and we'll help you move into your new home or refinance your existing property faster and easier than all other lenders.

Welcome to Somerset Federal Credit Union's MORTGAGE Resource Center

Your Approval Letter Awaits You!

Whether you are in the market for a new home or would you like to refinance your existing home loan, our mortgage center is simple, safe and convenient. It provides you the power to make decisions on your mortgage loan real-time, online, anytime!

The home loan process can be a big production at other places. But we put you in the driver's seat of the application process. Obtain your home loan on your time!

Start your application one day, save and finish it on another. You will get a response within minutes of completion and then you can come back and check the on-going status of your loan.

Where to Start

Information For First-Timers

First-Time Home Buying

Congratulations! We're pleased to be helping you with your first home. The more you know about the home buying process, the more confident you will be in making the important decisions that will shape your home ownership experience.

The Mortgage Process

Buying a home has never been easier. We've streamlined and updated the entire mortgage process to bring you a faster, more technologically advanced way to finance your home.

Check Rates Calculators Apply

Purchasing A Home

Purchasing a Home

Buying a new home is exciting and the process of financing it is now faster and easier than ever before.

The Mortgage Process

Buying a home has never been easier. We've streamlined and updated the entire mortgage process to bring you a faster, more technologically advanced way to finance your home.

Check Rates Calculators Apply

Start Saving By Refinancing

Refinancing a Home

If the current value of your home has increased, it may make sense to refinance at a better rate or refinance to consolidate debt or plan a home improvement project.

The Mortgage Process

Buying a home has never been easier. We've streamlined and updated the entire mortgage process to bring you a faster, more technologically advanced way to finance your home.

Check Rates Calculators Apply

Getting Value Out Of Your Home

The Mortgage Process

Buying a home has never been easier. We've streamlined and updated the entire mortgage process to bring you a faster, more technologically advanced way to finance your home.

Check Rates Apply

Building A New Home

The Mortgage Process

Buying a home has never been easier. We've streamlined and updated the entire mortgage process to bring you a faster, more technologically advanced way to finance your home.

Check Rates Apply

Today's Rates

Today's loan rates
Rate	Points	APR	Payment

10 Year Fixed
Interest Rate5.500%	Discount Points0	APR5.829%	Payment Amount$1,085

15 Year Fixed
Interest Rate5.750%	Discount Points0	APR5.983%	Payment Amount$830

30 Year Fixed
Interest Rate6.000%	Discount Points0	APR6.141%	Payment Amount$600

Check Rates
Assumptions Display the Rate Page

Have an application?

Login to complete an unfinished application or see the status of your submitted application.

Check out these features...

Ready to apply? Our Loan Consultant will get you started!

Visit our Rate Page for an overview of programs and rates.