Mortgage with BMI Federal Credit Union

Navigate Homeownership and Mortgage Solutions

Your Path to Homeownership Starts Here with BMI Federal Credit Union

At BMI Federal Credit Union, we provide more than just mortgage loans and refinancing options; we're also your partners during your homebuying journey. Our dedicated team offers custom mortgage solutions to fit your unique needs, schedule a call today!

We have low mortgage rates with adjustable and fixed options*. Plus a great First-Time Homebuyers Program!

Current Mortgage Rates

Home Mortgage Loans in Central Ohio | BMI FCU

Product Term Rate APR1 as low asPrint Mortgages
15 Year Fixed2 180 mos. 5.625% 5.841%
20 Year Fixed3 240 mos. 6.625% 6.803%
30 Year Fixed4 360 mos. 6.625% 6.761%
3/1 ARM5 360 mos. 5.250% 6.616%
5/1 ARM6 360 mos. 5.375% 6.436%
7/1 ARM7 360 mos. 5.500% 6.319%
3/3 ARM8 360 mos. 5.500% 5.620%
5/5 ARM9 360 mos. 5.625% 5.682%
10/1 ARM10 360 mos. 5.750% 6.278%
Mortgage rates effective 10:30 am on Tuesday, October 22, 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 $2,059.33 for 180 months.
3 A $250,000 mortgage loan with $3,475.40 closing costs will have a monthly payment of $1,882.38 for 240 months.
4 A $250,000 mortgage loan with $3,475.40 closing costs will have a monthly payment of $1,600.78 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 $1,380.51 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 $2,294.86 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 $$1,399.93 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 $2,261.18 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 $1,419.47 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 $2,224.39 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 $1,419.47 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 $2,332.69 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 $1,439.14 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 $2,236.63 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 $1,458.93 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 $2,175.67 is the maximum loan payment amount.

Latoya Richardson


Latoya Richardson

NMLS ID: 1925241 614.707.4010

Stacey Parker

Stacey Parker
NMLS ID: 1331802 614.707.4057

Adam Wahl

Adam Wahl 
NMLS ID: 2134979 614.707.4058

Nick Lewis


Nick Lewis 
NMLS ID: 1809323 614.707.4059

BMI Federal Credit Union
NMLS ID: 410831 | 614.707.4000 | NMLS Lookup

Request a Call

Mortgages FAQ

#1 Best Credit Union

Launch Your Homeownership Journey with our First-Time Homebuyers Program

We believe first homes should come with less stress and more joy. Our First-Time Homebuyers Program is designed to ease your path to homeownership, emphasizing low down payments and supportive advice.

Are you Ready to Embark on Your Homeownership Journey?

Your dream home is within reach with BMI Federal Credit Union. Discover our range of mortgage solutions tailored to your needs, supported by personalized advice and a seamless process. Begin your journey to homeownership with BMI FCU today!

Find Your Ideal Mortgage with BMI Federal Credit Union

  • Competitive Rates & Low Fees: Enjoy attractive rates and low origination fees tailored to your budget.
  • Innovative First-Time Buyer Options: Benefit from our unique programs like low down payments without PMI.
  • Dedicated Service: Experience service consistency with loans serviced directly by Central Ohio's Best Local Credit Union BMI FCU, for the lifespan of your loan.

Answering Your Top Mortgage Questions

  • Calculating What You Can Afford: Utilize our tools and expertise to outline a realistic budget.
  • First-Time Buyer Support: Explore our dedicated resources and programs designed for first-time homebuyers.
  • Understanding Mortgage Types: From fixed to adjustable rates, we guide you through your best options for the best fit.
  • Breakdown of Costs: Get upfront clarity on down payments and closing costs to plan without any  surprises.

The BMI FCU Advantage

Our team prioritizes your best interest over sales targets. You'll receive one-on-one guidance from our skilled mortgage loan officers, ensuring a seamless and informed process. Plus, our trusted network includes top-tier realtors and inspectors to support your homebuying journey.

Committed to Our Community and Members

Our award-winning service, transparent pricing, and commitment to no-pressure sales have established us as a leading credit union focused on making your homeownership dreams a reality.

*Excludes AK, TX, HI, CA

#1 Best Credit Union, 6 Years in a Row!