Fixed-Rate Mortgages

Purchasing a home is one of the biggest financial decisions most people make. We want you to do it with confidence, so we’re with you every step of the way. At Hercules First Federal Credit Union, we are focused on helping you have a fantastic mortgage experience! 

We have recently implemented a new Online Mortgage Application, this allows you to save time as you work through the process of purchasing or refinancing your home.


  • Competitive Rates
  • Low Fees
  • Flexible Terms Available
  • Need a 13 or a 22 year loan? We can help!

Flexible Fixed-rate terms


Home Equity Loans

Many members already have a great rate on their 1st Mortgage but may need money to put on a new roof, remodel, or to consolidate debt. Home Equity Loans are perfect for this!

Keep the great rate on your 1st mortgages, but get the cash you need out of your home by using the equity you’ve built up over the years.

A Home Equity Line of Credit allows you to borrow against the equity in your home. The rate is variable based on the prime rate. This line of credit can be accessed as you need it and you can pay the loan off as quickly as you’d like or you can keep your payments as low as “interest only.”

Blueprints of a house under construction.
Blueprints of a house under construction.

1st Mortgage Loan Rates

Term1.0% Origination FeeAPR
15 year5.250%5.404%
20 year5.625%5.748%
30 year5.875%5.968%

Rates current as of:

March 22, 2023

Rates are based on an 80% LTV (Loan to Value), on approved credit and for members with a credit score of 730 or higher. Loans are available on higher LTVs and lower credit scores at a higher rate.

Examples for minimum monthly payments:
*Minimum monthly payment for a $150,000 loan with a 3.949% APR and 15 year term is $1100.16
*Minimum monthly payment for a $250,000 loan with a 3.237% APR and 20 year term is $1402.19
*Minimum monthly payment for a $250,000 loan with a 3.204% APR and 30 year term is $1070.94

**Annual Percentage Rate. Loans are subject to credit approval. Equal Housing Lender. Membership required-based on eligibility. The minimum monthly payment for a loan with a 4.80% APR and 15 year term is $7.80 per $1000 borrowed. The monthly obligation will be determined by the total loan amount at the time of closing and the term and interest rate of the loan. See our Loan Calculator for specific examples. Your actual rate, payment and costs could be higher. Get an official Loan Estimate before choosing a loan. Information and 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 with regards to your individual circumstances.

Home Equity/2nd Mortgage Rates

Home Equity Loans (5/10/15 yrs)80% LTV90% LTV
730+6.99% / 7.49% / 7.99%7.99% / 8.49% / 8.99%
700+7.49% / 7.99% / 8.49%8.49% / 8.99% / 9.49%
670+7.99% / 8.49% / 8.99%8.99% / 9.49% / 9.99%
640+8.99% / 9.49% / 9.99%9.99% / 10.49% / 10.99%
600+10.99% / 11.49% / 11.99%11.99% / 12.49% / 12.99%
550+13.99% / 14.49% / 14.99%14.99% / NA / NA
549 or less15.99% / 16.49% / 16.99%NA / NA / NA
Home Equity Lineto 80% LTVto 90% LTV
549 or less11.75%NA

Rates current as of:

March 22, 2023

* Annual Percentage Rate. Rates and terms are based on creditworthiness, loan-to-value (LTV), occupancy, loan purpose and loan amount, so your rate and terms may differ. Up to 90% LTV financing is available on single family detached residences, and it is based on credit worthiness. All rates and terms quoted apply to properties that are occupied by the borrower.

Home Equity Lines – Fees, generally ranging from $50 to $1000 may be incurred depending on loan amount and loan-to-value (LTV). Maximum APR on variable rate is 18%.

Other rates & terms available, call for details.