Fixed-Rate Mortgage
Clearview helps open the door to your next chapter.
There's a home here for every personality, from the high-energy heart of the city to family-friendly suburbs and quieter small towns. When you finance your special place with a Clearview fixed-rate mortgage, you can lock in an interest rate that helps you budget with certainty. Our friendly lending experts can help you choose the mortgage that fits your financial needs and provide guidance throughout the process. They'll also get you pre-approved for a home loan before you start house-hunting so you can focus on homes in your financial range.
- Good choice if you're planning to live in your home for 5 years or more or don't like financial surprises
- Competitive interest rates and low closing costs
- Choose mortgage terms of 15, 20, or 30 years
- Monthly payments for principal and interest won't change over the life of the loan
- Available for home purchases or to refinance existing loans from other financial institutions
- Potential tax deductions for mortgage interest payments1
Need to make a payment or have a question about your mortgage?
- For mortgages opened before November 2023, contact Midwest Loan Services at 1-800-262-6574 or visit their website.
- For mortgages opened after November 2023, contact our Care Center at 1-800-926-0003 with questions. Payments can be made through digital banking.
1 Consult a tax professional
The published interest rates and APRs displayed are subject to change without notice, and rates may vary based on loan amounts and characteristics of the loan. Interest rates change frequently and your rate is not confirmed unless you lock your rate with a representative of Clearview Federal Credit Union.
Rates are for the purchase or no-cash out refinance of a single family, first lien, owner-occupied property within Clearview Federal Credit Union’s lending footprint. Rates and/or fees may be assessed based on underwriting and collateral risk. Rates reflect a 60-day rate lock. Other lock period and point combinations are available. Fixed rates are based on loan amounts up to $766,550.00 with a maximum Loan to Value of 95%, and are applicable to Purchase loans as well as Rate and Term Refinances of Single-family homes.
* The annual percentage rate (APR) displayed assumes a loan amount of $250,000, 20% down payment and 30 days prepaid interest. You will incur additional closing costs. Prepaid finance charges, which are used in the calculation of the APR are estimated to be $2914 (these include flood determination, origination charge, closing protection letter and settlement fee). The annual percentage rates (APR) does not include private mortgage insurance because the amount will vary depending upon your loan to value and other factors. Please contact the Real Estate Department at [email protected] to learn how private mortgage insurance will affect your loan and other closing costs.
Keep this in mind when considering a fixed-rate mortgage
How does a fixed-rate mortgage work?
A mortgage is a loan specifically for the use of purchasing or refinancing property, such as a house, condo, or other type of real estate. When you take out a mortgage, you agree to pay back Clearview, the lender, the amount you borrowed, plus interest. Interest is the “fee” charged for lending and can be determined by your credit score, loan terms, down payment, etc. With a fixed rate, the interest stays the same for the life of the loan, so you can expect to pay the same amount each month.
Get our guide to mortgagesHow much can I get approved for?
While your credit score is a key factor in how much you can afford to borrow, your debt-to-income (DTI) ratio and loan-to-value (LTV) ratio also play a role. Lenders determine if you’re able repay the debt you’re taking on by looking at your DTI ratio. DTI ratio is calculated by dividing your monthly debt payments by your gross monthly income. Typically, the lower your debt-to-income ratio, the more likely you’ll qualify for a fixed-rate mortgage. The LTV ratio compares the appraised property value to the mortgage loan amount. Your down payment can help lower this amount.
View mortgage checklistHow much home can I afford?
This goes beyond figuring out whether you can afford your monthly mortgage payments. Keep in mind regular expenses like property taxes, homeowners insurance, utilities, plus regular maintenance, upgrades, furniture, etc. Try our mortgage payment calculator to get an idea of what your monthly payment may look like.
Calculate your paymentWhat are the advantages of credit union mortgages?
Clearview Federal Credit Union is not-for-profit and without shareholders, unlike large banks. That means any profits we earn are given back to members in the form of lower interest rates and greater flexibility in payment terms for credit union mortgages. We want to help you achieve your financial goals and improve your financial well-being along the way.
Learn about membershipClearview offers competitive rates and flexible repayment terms. View our current mortgage rates and terms.
You can apply by using our online application, starting a video call with Clearview Live®, visiting your local financial center, or calling us directly at 1-800-926-0003.
We do not have a minimum credit score to apply for a loan.
For mortgages opened before November 2023, you can conveniently access your mortgage information online. Get started by clicking on the “Register” tab on the Midwest Mortgage website. You'll need your loan number and Social Security Number to access any information. Once you're registered, you can transfer funds from digital banking to your make your mortgage payment.
For mortgages opened after November 2023, you can manage your mortgage anytime with our CARE Mortgage Services portal in Clearview's digital banking under the Manage Account menu.
Clearview will never send you letters that don't include our logo and are for a specific business purpose, such as a statement. Because the mortgage filing is a public record, third party sources may pay for certain data and solicit you for services they provide. If you have any questions about the legitimacy of the document, feel free to reach out to us at 1-800-926-0003. Normally, though, these letters are an attempt to have you respond to some offer of service that the company sells. If they don't specifically say they're from Clearview, they likely aren't. One key way of knowing that they are not from Clearview is that these letters commonly refer to Clearview as the lender rather than containing our logo.
You can make a one-time lump-sum payment toward the principal balance of your loan in order to re-amortize your mortgage with the new (lower) balance. There is a $250.00 fee. Please have your loan
For mortgages opened before November 2023, contact Midwest Loan Services by calling 1-800-262-6574.
For mortgages opened after November 2023, contact our Care Center by calling 1-800-926-0003.
Please have your loan number ready, you will be advised of the minimum principal reduction amount.
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You're more than just a member
“Clearview takes the time to understand the customer at a human level instead of as numbers on a paper.”
William, Member since 2016