Houston Banking Rates

3 Major Benefits to Financing Your Home with Cy-Fair Federal Credit Union

Credit unions provide many of the same products and services as banks, but with better and more affordable options! They typically offer lower rates, fewer fees and more specialized services because they are working with their members best interests in mind and not to increase the profits for stockholders. As nonprofit organizations owned by their members, credit unions focus primarily on supporting their local communities.

With members at the forefront of their mission, Cy-Fair Federal Credit Union offers Texans a variety of mortgage products at affordable prices. Plus, they guide you through the lengthy and sometimes challenging loan process from start to finish.

Here are just a few reasons you should finance your next home through Cy-Fair Federal Credit Union:

1. Unbeatable Mortgage Loan Programs

Prospective home buyers can benefit greatly from the partnership that Cy-Fair Federal Credit Union’s has formed with Member Home Loan, a service that works with credit unions to offer a painless and tailored mortgage-buying experience.

The experts at Member Home Loan guide home buyers through the entire purchase process, offering fixed and adjustable rate mortgages, along with Federal Housing Administration (FHA), Veterans Affairs (VA) and jumbo mortgage-lending options.

Right now, members enjoy the following competitive mortgage rates:

Loan Type Rate APR
30-Year Fixed Rate 4.375% 4.526%
20-Year Fixed Rate 4.250% 4.458%
15-Year Fixed Rate 3.375% 3.634%
30-Year Jumbo Fixed Rate 4.875% 5.031%
15-Year Jumbo Fixed Rate 3.875% 4.138%
FHA/VA (30-Year Fixed Rate) 4.375% 4.526%
Cash-Out (30-Year Fixed Rate) 4.875% 5.031%
Investment (30-Year Fixed Rate) 4.875% 5.031%

2. Excellent Home Equity Loan Rates

Members at Cy-Fair Federal Credit Union have the option to leverage the equity in their home with versatile and flexible home equity loan options.  With competitive fixed rates and repayment terms ranging from 3 to 15 years, members have the ability to borrow $10,000 to $100,000, as long as the amount is equal to or less than 80% of the home’s appraised value.

Cy-Fair Federal Credit Union members currently enjoy the following home equity loan rates:

Term Length APR
36 Months 3.75%-7.50%
60 Months 3.99%-7.50%
84 Months 4.99%-8.50%
120 Months 4.99%-8.50%
180 Months 5.75%-9.00%

3. Outstanding Customer Service

No matter the loan type you secure through Cy-Fair Federal Credit Union, you are certain to enjoy their signature commitment to quality customer service. They promise to:

  • Protect member privacy
  • Treat all members with dignity and respect, while offering undivided attention
  • Greet all members with a courteous and professional smile, while consistently offering prompt service
  • Offer the best financial solutions to members
  • Take ownership of problems and make resolving them the highest priority
  • Strive to provide you with a positive experience and exceed your expectations
  • Ensure a knowledgeable staff by developing employees with exceptional training