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Mortgages & Home Equity

We've been helping members become home owners since we first opened our doors. Whether you are a first time buyer, planning on trading-up, or thinking of refinancing, we can help!

Mortgages

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Purchase Calculator Refinance Calculator

Apply Now
Purchase Calculator
Refinance Calculator

Fixed or Adjustable Rate Mortgages

We offer a choice of flexible fixed and adjustable rate mortgages. For the stability of fixed payments, you might prefer a fixed rate mortgage. For more flexibility, choose an adjustable rate mortgage (ARM). We can help determine which choice is best for you.

And that's not all! We offer a host of home financing programs and options including:

  • Fixed and Adjustable Rates.
  • Conventional Financing ($484,350 and lower).
  • FHA/VA/USDA Financing (Federal Housing Authority/Veterans Administration/United States Department of Agriculture).
  • Jumbo Financing ($484,351 and higher).
  • First Time Homebuyer Programs (Fixed or Adjustable). 
  • & More!

Mortgage Frequently Asked Questions (pdf)

Think you can't afford a home? Think again!
Click here to read about some common Mortgage Lending Myths vs. WCCU Lending Facts.

Buying Your First Home?
WCCU can help eligible first-time homebuyers receive up to $2,000 each year!*

*Contact us to learn more about the FirstHomes Tax Credit Program!

To request an appointment or for more information, please contact:

Jeanne Abate
Senior Mortgage Originator
Cell: 401.374.1232
NMLS ID # 529809
jabate@westerlyccu.com (email) - please note email is not secure
Serving the Charlestown, Hopkinton, Westerly,
Stonington, North Stonington and New London County areas.

Jeff VanderVorste
Mortgage Originator
Office: 401.637.4446
Cell: 401.622.2238
NMLS ID # 16862
jvandervorste@westerlyccu.com (email) - please note email is not secure
Serving the Narragansett, South Kingstown, North Kingstown and Richmond areas.
Richmond branch availability:  Monday, Wednesday, Friday
Wakefield branch availability: Tuesday, Thursday

WCCU NMLS ID # 518892. For a list of WCCU employees currently licensed with a NMLS#, visit the NMLS Consumer Access website or feel free to contact us.

Mortgages
Effective Date: Wednesday, October 16th, 2019
ProgramTermInterest RateAPR*Monthly Payments per $1000 borrowed
Fixed Rate Mortgages*
(Loan amounts up to $484,350)
  15 years 3.125% 3.240% $6.97
  20 years 3.625% 3.716% $5.87
  30 years 3.750% 3.815% $4.64
Adjustable Rate Mortgages
5/1 Mortgage**
  30 years 3.750% 3.827% $4.64
7/1 First Time Homebuyer Mortgage***
  30 years 3.875% 3.952% $4.71

*The interest rates, annual percentage rates (APRs) and discount points are subject to change without notice. APR is based on 40% equity and credit score of 740 or greater. Your APR will vary based on your final loan amount and finance charges. All Mortgage rates listed are based on 0 discount points. The monthly amount shown includes principal and interest. Your actual monthly payment will be higher if an escrow/impound account is established. Property insurance (and flood insurance if applicable) required. **After the initial term of five years, the APR, interest rate, principal and interest payment will adjust based on market driven changes to the U.S. One Year Constant Treasury Rate – the “index” plus 2.75% - the “margin.” The maximum increase per adjustment period is 2% with a lifetime cap of 6%. Other restrictions may apply. ***After the initial term of seven years, the APR, interest rate, principal and interest payment will adjust based on market driven changes to the U.S. One Year Constant Treasury Rate – the “index” plus 2.75% - the “margin.” The maximum increase per adjustment period is 2% with a lifetime cap of 6%. Requires a minimum credit score of 720 with loan maximum of $484,350. Other restrictions may apply. WCCU NMLS ID # 518892.

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