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Choose PrimeWay as Your Mortgage Partner

Competitive Rates
Competitive Rates

PrimeWay mortgage rates are low to help members achieve their dream of homeownership.

Flexible Terms
Flexible Terms

Choose the mortgage that suits your needs from an array of flexible products.

Low Down Payment Options
Low Down Payment Options

You don’t need a huge down payment to buy a home.

Help and Guidance
Help and Guidance

Schedule a meeting with a specialist to review your finances and choose the right mortgage.

Choose PrimeWay as Your Mortgage Partner

Take the stress and confusion out of buying a home.

Navigating the process of buying a home requires knowledge and guidance. At PrimeWay, we work with members every day to help them secure the financing they need – for the dream home they deserve.

Home is where the – money – is.

A PrimeWay home equity line of credit (HELOC) allows you to take advantage of the value you’ve added to your home to secure the line of credit. You can use a line of credit based on the equity of your home for any financial need, including:

Pay off high-interest credit card debt
Pay off high-interest credit card debt

Eliminate high-interest rate debt and consolidate your payments into one low monthly cost.

Pay for a child’s college education
Pay for a child’s college education

You've spent years investing in your home – now invest that equity into your child's future.

1.99% APR* HELOC

Promo Code

HOMEPW

*APR = Annual Percentage Rate. 1.99% APR is an introductory rate for the first six months of the loan. After the Introductory Period, the rate is variable and based on the value of an index, as low as Prime + 0.500%, currently 5.500% APR. 

Compare Home Loans

Key Benefits

When to Consider

Terms & APRs

Fixed Rate Mortgage

  • Provides the lowest fixed rates for eligible buyers
  • Because it's fixed, there are no interest rate surprises
  • Plan to stay in your home for a long time
  • Have an established credit history
  • Can put at least 5% down for the home
  • Up to 120 Months as low as 2.75%
  • Up to 180 Months as low as 2.75%
  • Up to 240 Months as low as 3.00%
  • Up to 360 Months as low as 3.125%

FHA Loans

  • Low down payments
  • Fixed-rate loans available
  • Flexible qualification guidelines
  • Have limited funds for a down payment
  • Don't have an established credit history or have experienced credit challenges in the past

N/A

 

 

 

     

Jumbo Loans

  • Increased purchase limits for higher-priced properties
  • Competitive rates
  • Fixed-rate and ARM options
  • Are buying a home that exceeds conforming loan limits ($510,400 in most areas)
  • Have an established credit history
  • Seek low down payment options
  • Up to 180 Months as low as 3.40%
  • Up to 240 Months as low as 3.40%
  • Up to 360 Months as low as 3.40%

Adjustable Rate Mortgage

  • Provides the lowest short-term rates
  • Initial lower monthly payments
  • Initial fixed rate periods of 3-10 years, then rate can adjust or down thereafter
  • Plan to move before the end of the initial fixed-rate period
  • Want an initial monthly payment lower than usually offered by fixed-rate mortgage
  • Have established credit history
  • Can put at least 5% down for the home

N/A

Home Equity Loan

A PrimeWay home equity loan allows you to take advantage of the value you’ve added to your home. You’ve spent countless hours turning your house into a home over the years.

You can use a home equity loan for any financial need or life event, including:

  • Consolidate all of your bills
  • Pay off high-interest credit card debt
  • Add an addition to your home to accommodate a growing family
  • And more!
  • Up to 120 Months as low as 3.03%
  • Up to 180 Months as low as 3.15%
  • Up to 240 Months as low as 3.45%
  • Up to 360 Months as low as 3.55%

Home Equity Line of Credit

A PrimeWay home equity line of credit (HELOC) allows you to take advantage of the value you’ve added to your home to secure the line of credit.

You can use a line of credit based on the equity of your home for any financial need, including:

  • Consolidate bills and pay off debt
  • Complete a home renovation project
  • Take a much needed vacation
  • And more!
  • 240 months with a 60 month draw period and 180 month repayment period
  • 1.99% Introductory Rate for first 6 months. After the Introductory Period, the rate is
    variable - as low as Prime +0.500% - with
    a floor rate of 4%.

Home Improvement Loan

With a PrimeWay home improvement loan your interest rate is typically lower than a credit card or retail store card. Plus, you’ll have set monthly payments and can pay off your loan faster – all while increasing your home’s value.

This loan could cover home improvement expenses such as:

  • Add square footage with a new room
  • New appliances
  • New carpeting or flooring
  • And more!
  • Up to 60 Months as low as 5.34%
  • Up to 120 Months as low as 5.62%
  • Up to 240 Months as low as 6.03%

PrimeWay Members Dream Big

PrimeWay isn’t just a place to keep your money. We’re a place to build your dreams.

Credit union members aren’t customers – they’re owners. The PrimeWay community is 50,000 strong and growing every day.

Competitive

Competitive

Low interest rates and plenty of other advantages

Altruistic

Altruistic

Annual dividends paid to members – that's you!

Resourceful

Resourceful

Mobile banking and financial tools no matter your journey

Loan approval is subject to credit approval and program guidelines. Interest rate and program terms are subject to change without notice. Mortgage, Home Equity and Credit products are offered through PrimeWay Federal Credit Union. Deposit products are offered through PrimeWay Federal Credit Union.

To guarantee a rate, you must submit an application to PrimeWay and receive confirmation from a mortgage loan officer that your rate is locked. Application can be made by calling 713-799-6200, by applying online, or by meeting with a mortgage specialist.

Interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy in regard to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.

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