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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.

The Best Room in the House Is Not a Room at All

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.

8.50% APR* This Rate Is Variable - as Low as Prime +0.50% - with a Floor Rate of 4.00% APR.

Promo Code

WORKPW

*APR = Annual Percentage Rate. The rate is variable and based on the value of an index, as low as Prime + 0.50%. The index is the Wall Street Journal’s Prime Rate. The rate will never go below 4.00% APR or above 18.00% APR. There is a 5-year draw period with interest-only payments. 15-year repayment period with substantially equal monthly payments. Minimum credit advance amount is $4,000. There is a $500 Application Fee and up to $740 in closing costs.

Other terms, fees, and restrictions may apply. Maximum 80% CLTV. Certain credit criteria and restrictions apply. Rates and terms are based on a combination of your earned credit score, the term you select, collateral, down payments, loan-to-value (LTV) position and other normal lending criteria. Acceptable property hazard insurance is required, as well as Flood Insurance if the property is in a designated flood zone. You should consult your tax advisor regarding your possible tax implications. Rates are subject to change.

You may request a rate lock one time, which sets a fixed interest rate on your selected balance for a set repayment term. The lock rate is the currently available variable rate plus 0.50%, currently as low as This Rate Is Variable - as Low as Prime +0.50% - with a Floor Rate of 4.00% 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

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

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 Loans

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 7.50%
  • Up to 180 Months as low as 7.00%
  • Up to 240 Months

    as low as 7.74%

  • Up to 360 Months as low as 7.49%

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
  • Rates As Low As 8.50% APR*
    This Rate Is Variable - as Low as Prime +0.50% - with a Floor Rate of 4.00% APR.

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 7.89%
  • Up to 120 Months

    as low as 8.16%

  • Up to 240 Months

    as low as 8.58%

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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