Mortgage Special - See why it's a great time to buy or refinance

Mortgages and Home Buying

Low Interest Home Mortgage Loans for Purchases and Refinances 

Explore our 5/1 ARM mortgage special, great rates, personalized service, first-time homebuyer program, and other financing and refinancing options. 

5/1 ARM Mortgage Special! 

Open the door to your new home with our 5/1 ARM mortgage special, which can help you get the affordable payment option you need. Our Mortgage Loan Officers will work with you from start to finish to find the right mortgage for you. 

5/1 ARM

Financing and Refinancing

Get competitively low mortgage rates with adjustable and fixed options*.


First-Time Homebuyers

Ready to purchase your first home? Our First-Time Homebuyer Program** may be the perfect option for you.

Home Equity Loans and Line of Credit 

A Home Equity Loan provides a sum of money and uses the equity in your home as collateral. Home equity loans can be used for a variety of things: to fund home repairs or improvements, consolidate debt, even help pay for a college education even  "rainy" day fund. 

Apply Online Today or Speak to a Mortgage Loan Officer 

Apply online or request a call from a Mortgage Loan Officer. All BMI FCU Mortgage Loan Officers are registered with the Nationwide Mortgage Licensing System (NMLS).

Latoya Richardson
NMLS ID: 1925241 | 614.707.4010

Stacey Parker
NMLS ID: 1331802 | 614.707.4057

Adam Wahl 
NMLS ID: 2134979 | 614.707.4058

Nick Lewis 
NMLS ID: 1809323 | 614.707.4059

BMI Federal Credit Union
NMLS ID: 410831 | 614.707.4000

Request a Call

Mortgages FAQ
 

Current Mortgage Rates

5/1 ARM Mortgage Special

Product Term Mortgage Rate APR1 as low asPrint Mortgages
15 Year Fixed Mortgage2 180 mos. 6.750% 6.974%
20 Year Fixed Mortgage3 240 mos. 7.250% 7.433%
30 Year Fixed Mortgage4 360 mos. 7.250% 7.391%
3/1 ARM5 360 mos. 6.590% 7.889%
5/1 ARM6 360 mos. 6.690% 7.702%
7/1 ARM7 360 mos. 6.890% 7.630%
3/3 ARM8 360 mos. 6.840% 6.956%
5/5 ARM9 360 mos. 7.040% 6.952%
10/1 ARM10 360 mos. 7.250% 7.688%
Mortgage rates effective 5:00 pm on Wednesday, May 8, 2024
1 APR = Annual Percentage Rate. Rates, terms, and conditions are subject to change and may vary based on creditworthiness, qualifications, and collateral conditions. All loans are subject to approval. Above rates available on conventional owner-occupied single-family purchases and refinances. Rates for First Time Home Buyer, second/vacation home loans, and loans over $726,200 will be higher. Discount points are available to reduce your rate. Payments stated include principal and interest only and does not include tax or insurance, your actual payment may be larger. No pre-payment penalty. The annual percentage rate is the cost of credit over the loan expressed as an annual rate. APR may vary. The final APR will be based on the final loan amount and applicable finance charges. Loans with over 80% loan-to-value require Private Mortgage Insurance (PMI) and the APR may be subject to increase. The closing costs are estimates only.
2 A $250,000 mortgage loan with $3,475.40 closing costs will have a monthly payment of $2,212.28 for 180 months.
3 A $250,000 mortgage loan with $3,475.40 closing costs will have a monthly payment of $1,975.94 for 240 months.
4 A $250,000 mortgage loan with $3,475.40 closing costs will have a monthly payment of $1,705.45 for 360 months.
5 A $250,000 mortgage loan with $3,475.40 closing costs will be paid in 360 monthly installments. The payment will be $1,595.00 for the first 36 months. The interest rate may change on the three-year anniversary date of the loan closing and then on that day every 12th month thereafter based on the one-year Constant Maturity Treasury (CMT). The maximum rate change per adjustment is 1% and the maximum lifetime interest rate change is 6%. The payment of $2,565.81 is the maximum loan payment amount.
6 A $250,000 mortgage loan with $3,475.40 closing costs will be paid in 360 monthly installments. The payment will be $1,611.54 for the first 60 months. The interest rate may change on the five-year anniversary date of the loan closing and then on that day every 12th month thereafter based on the one-year Constant Maturity Treasury (CMT). The maximum rate change per adjustment is 1% and the maximum lifetime interest rate change is 6%. The payment of $2,531.16 is the maximum loan payment amount.
7 A $250,000 mortgage loan with $3,475.40 closing costs will be paid in 360 monthly installments. The payment will be $1,644.83 for the first 84 months. The interest rate may change on the seven-year anniversary date of the loan closing and then on that day every 12th month thereafter based on the one-year Constant Maturity Treasury (CMT). The maximum rate change per adjustment is 1% and the maximum lifetime interest rate change is 6%. The payment of $2,513.31 is the maximum loan payment amount.
8 A $250,000 mortgage loan with $3,475.40 closing costs will be paid in 360 monthly installments. The payment will be $1,636.48 for the first 36 months. The interest rate may change once every third year based on the three-year Constant Maturity Treasury (CMT). The maximum rate change per adjustment is 2% and the maximum lifetime interest rate change is 6%. The payment of $2,605.57 is the maximum loan payment amount.
9 A $250,000 mortgage loan with $3,475.40 closing costs will be paid in 360 monthly installments. The payment will be $1,669.98 for the first 60 months. The interest rate may change once every fifth year based on the five-year Constant Maturity Treasury (CMT). The maximum rate change per adjustment is 2% and the maximum lifetime interest rate change is 6%. The payment of $2,530.48 is the maximum loan payment amount.
10 A $250,000 mortgage loan with $3,475.40 closing costs will be paid in 360 monthly installments. The payment will be $1,705.44 for the first 120 months. The interest rate may change on the ten-year anniversary date of the loan closing and then on that day every 12th month thereafter based on the one-year Constant Maturity Treasury (CMT). The maximum rate change per adjustment is 1% and the maximum lifetime interest rate change is 6%. The payment of $2,491.29 is the maximum loan payment amount.


Need Help?
  • Request a Call to speak to a Mortgage Loan Officer
  • Visit any of our five branches in Dublin, Columbus, or Westerville.


*Excludes AK, TX, HI, CA