Fixed-Rate Home Loan Rates as Low As
APR Effective 7/8/2026*
6.875
%
APR
12-Year Fixed No Fee
Refinance Only
6.677
%
APR
30-Year Fixed
6.686
%
APR
30-Year Fixed Refinance
*See important information about rates, fees and other costs
Fixed Rate Mortgage for Predictable Monthly Payments
Explore fixed rate mortgages1 with competitive rates, including 30-year fixed mortgage rates, and stable monthly payments designed to fit your homebuying goals.
Whether you're looking for a 30-year fixed mortgage or a shorter loan term, you can choose from 10-year, 12-year, 15-year, 20-year and 30-year fixed rate options with an interest rate that stays locked in even if market rate fluctuate.
If you're planning to stay in your home for years to come, a fixed-rate mortgage gives you the payment stability to budget with confidence.
How BECU's Fixed Mortgage Rates Compare
As a not-for-profit credit union, we return value to our members through competitive mortgage rates. With no origination fee on fixed-rate mortgages, you can reduce upfront borrowing costs while working with a trusted local lending team. Whether you're buying a home or refinancing your mortgage, we're focused on helping you achieve long-term financial well-being.
Features and Benefits of Fixed Rate Mortgages
- Stable Monthly Payments: Fixed principal and interest payments help make budgeting more predictable over the life of your loan.
- No Origination Fee: Reduce upfront borrowing costs with no origination fee on fixed-rate mortgage loans.
- Low Down Payment Options: Qualified borrowers may be eligible for down payments as low as 3%.
- Flexible Loan Amounts: Borrow up to $832,750 on standard loans and up to $3 million on jumbo loans.
- Primary and Secondary Home Financing: Fixed-rate mortgage options are available for both primary residences and second homes.
First Time Home Buyer Grant for a Fixed Rate Mortgage
For first-time homebuyers, a fixed-rate mortgage can provide predictable monthly principal and interest payments from day one. To help make homeownership more affordable, qualified borrowers may be eligible for up to $8,000 through BECU's First-Time Homebuyer Grant Program.2 Unlike a loan, grant funds do not need to be repaid. Funds can be used toward your down payment or closing costs.
Calculators
How to Choose Your Fixed Rate Mortgage Term
Here are a few things to consider when choosing your fixed rate mortgage term:
• Total interest you want to pay over the term. The total cost of interest on a 30-year loan is higher than the interest cost of a shorter loan. With a 30-year loan, you typically have lower monthly payments, but you'll generally pay more interest over the life of the loan.
• Your ability to make a higher monthly payment. With a shorter term you pay the loan off faster, but you need to be able to afford higher payments. A 10-year, 15-year, or 20-year term will also save you thousands in interest over a 30-year loan.
Best For Buyers Who
• Are looking for lower monthly payments
• Want stable monthly payments over time
• Are seeking maximum purchasing power
Benefits
• Fixed interest rate for the life of the loan
• Predictable monthly principal and interest payments
• Lower monthly payments compared to shorter loan terms
Considerations
• Higher total interest paid over the life of the loan
• Builds home equity more slowly than shorter-term loans
Best For Buyers Who
• Want to pay off their mortgage sooner
• Are focused on balancing monthly payment and long-term savings
• Intend to retire within the next few decades
Benefits
• Lower total interest costs compared to a 30-year mortgage
• Faster equity building
• Fixed monthly payments throughout the loan term
Considerations
• Higher monthly payments than a 30-year mortgage
Best For Buyers Who
• Want to pay off their home faster
• Are focused on reducing long-term interest costs
• Are planning for retirement
Benefits
• Significant interest savings over the life of the loan
• Faster equity building
• Fixed monthly principal and interest payments.
Considerations
• Higher monthly payments compared to longer-term mortgages
Best For Buyers Who
• Are focused on paying off their mortgage as quickly as possible
• Have strong monthly cash flow
• Want to minimize long-term interest costs
Benefits
• Pay off your mortgage in less time
• Lowest total interest costs among standard fixed-rate mortgage terms
• Faster home equity growth
Considerations
• Highest monthly payments among standard fixed-rate mortgage options
Best For Buyers Who
• Want to purchase land now and build later
• Are landowners looking to refinance for a lower rate or payment
• Are interested in refinancing land to access cash
Benefits
• Fixed interest rate and predictable monthly payments
• Parcels up to 20 acres may be eligible
• Purchase loan amounts up to $400,000
• Refinance loan amounts up to $100,000
Considerations
• Available only for properties located in Washington and Idaho
• Property cannot include large structures, mobile homes or active construction
• Not available for commercial, agricultural, timberland or farming use
Best For Buyers Who
• Have limited cash for a down payment
• Need flexible income qualification options
• Are looking for expanded credit qualification flexibility
Benefits
• Down payment options as low as 3% for qualified borrowers
• Flexible sources for down payment and closing funds
• Stable monthly payments with a fixed interest rate
Considerations
• Income limits and eligibility requirements may apply.
Why Choose BECU for Your Fixed Rate Mortgage
Trusted Local Mortgage Advisors
When you choose BECU for your fixed-rate mortgage, you'll work with a trusted mortgage advisor who knows your local market. Our advisors have deep experience across every stage of the homebuying process — from helping first-time buyers to navigating refinances, jumbo loans and programs for buyers with flexible income or limited down payment funds. Each advisor brings something to the table with a commitment to helping you move forward with confidence. From your first conversation to the day you close, we're with you every step of the way.
Working with BECU also means:
- You're part of a not-for-profit credit union that puts its members' needs first.
- You're working with local people who are dedicated to supporting their communities.
- We're committed to helping you improve your financial well-being.
Connect with Us
No. We don't charge an origination fee on fixed-rate mortgage loans, which helps reduce your upfront borrowing costs when buying a home or refinancing.
Fixed-rate mortgage rates are influenced by factors such as market conditions, loan term, down payment, credit profile and the type of property being financed. The rate you qualify for may vary based on your financial situation and loan details.
Down payment requirements for a fixed-rate mortgage vary by loan. Some fixed-rate mortgages may allow borrowers to put down as little as 3%, while larger down payments can help reduce borrowing costs and monthly payments.
How much you put down also affects your costs:
-
Monthly payments: The more you put down, the less you borrow — and the lower your monthly payment.
-
Private Mortgage Insurance (PMI): If you put down less than 20% on a conventional loan, you'll likely pay PMI each month. Put down 20% or more and you may be able to skip it.
Some borrowers may qualify for low down payment mortgage programs, including FHA home loans. Our mortgage advisors can help you compare available options and find the fixed-rate mortgage option that works best for you.
Yes. A mortgage rate lock may allow you to secure an interest rate for a specified period while your loan is being processed and before your home purchase closes. Rate lock options, terms and availability can vary, so speak with a BECU mortgage advisor to learn more about the options available for your fixed rate mortgage.
Yes. You can refinance a fixed-rate mortgage to replace your current loan with a new mortgage that better fits your needs. Homeowners may choose to refinance to secure a lower interest rate, reduce their monthly payment, change their loan term, or access home equity through a cash-out refinance.
1Mortgage loans are subject to membership, credit approval, and other underwriting criteria; not every applicant will qualify. Certain restrictions apply. Home loan programs, terms, and conditions are subject to change without notice.
2Buyers must meet all the first-time homebuyer grant program criteria, including loan and property qualifications, all of which are not listed here. BECU reserves the right to alter or change criteria.
All federal, state, and local taxes imposed on the acceptance of a grant are solely the responsibility of the applicant. BECU will issue an IRS Form 1099-MISC or W-2 to an applicant where a Form 1099-MISC or W-2 is required by applicable law. Applicants should consult their own accountant(s) or tax advisor(s) to determine tax implications, if any.
3Income limits may apply. HomeReady is a trademark of Fannie Mae. Loans are subject to credit approval and other underwriting criteria. Certain restrictions apply. Homeownership education at a cost of $75 (paid to Framework) required. Home Loan programs, terms and conditions subject to change without notice.