Fixed-Rate Mortgages
A WEOKIE Fixed-Rate Mortgage means you'll always know what's coming and can focus on enjoying your new home.
Benefits of a Fixed-Rate Mortgage
Lock in Your Rate
Enjoy the same competitive rate for your whole loan term.
Choose Your Term
Select a loan term and get the right payment based on your budget and goals.
Simple Process
Once your mortgage is approved, you can buy a home with ease.
Refinance Option
You can likely refinance your mortgage if your situation changes.
Fixed-Rate Mortgages
Key Details of Fixed-Rate Mortgages
- Check rates with our loan consultant feature.
- Choose a loan term of 10, 15, 20, or 30 years.
- Shorter terms get lower rates.
- Longer terms get lower payments.
- Use our easy application process.
- Our origination fee is only $750.
- Up to 100% home purchase and 95% cash-out financing are available to our best-qualified borrowers.
- Lock in a competitive rate and enjoy your new home knowing your payments will stay steady no matter what.
Plus, you can enjoy local servicing and expert guidance when you choose WEOKIE as your lender!
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Follow These Easy Fixed-Rate Mortgage Application Steps
Step 1
Apply Online:
Gather your information and documents, then use our simple and secure portal to get started.
Step 2
Get Pre-Qualified:
We'll look at your financial situation and offer you a loan amount and rate for your chosen term.
Step 3
Find A Home:
Go house hunting with your financing ready, then we'll help you close and start payments!
"I had really good communication and was able to save a lot of money in interest! Jaeden was really easy to talk to and got my loan done with no problems at all!!!"
Kelby L.
WEOKIE is proud to provide services through our trusted partners.
First Rate Title Company
In search of quick and affordable title services? First Rate Title is a full-service title company owned and operated by local credit unions - including WEOKIE.
MemberHaven Insurance Agency
Looking for great coverage at a great value? MemberHaven provides insurance coverage that is tailored to your needs and represents the best value.
FAQs
A fixed-rate mortgage is a simple, stress-free home loan option. You borrow an amount of money known as the loan principal and pay it back in equal monthly installments over your chosen loan term. Fixed-rate loan terms can be 10, 15, 20, or 30 years.
The rate you get is based on many factors including:
- Your credit score
- Your loan term (shorter term gets lower rate)
- Current market rates
We want to ensure that our members have the best opportunity to make informed decisions, and the mortgage lending experts with WEOKIE are always available to guide you through the process.
A fixed-rate mortgage means your interest rate and monthly payment will stay the same through your entire loan term, apart from any changes to your property taxes or insurance.
- Long-term and monthly budgeting is easy.
- Your rate isn't affected by changes in the markets and economy.
- If rates go down in future, you can explore a mortgage refinance.
You might consider an adjustable-rate mortgage (ARM) if you're only planning to stay in your home a short time and/or want a lower, fixed starting rate and payment before your rate starts adjusting with the markets.
You can use our purchase calculators to see how much monthly payment and purchase price you can afford.
Our experts are here to guide you through the mortgage process! First, choose your loan type and term based on:
- Your income
- Your down payment
- Whether you want a shorter loan term and higher payment to pay off your loan faster, or a longer loan term and lower payment to make monthly budgeting easier
Next, apply online and get pre-qualified for your fixed-rate mortgage with a likely starting rate. If approved for pre-qualification, we move to the next steps:
- We'll process your application, verify all your documents, and request proof of income.
- We need to order an appraisal of the home and a title search to check for any liens, plus check your flood certification if needed.
- When all this is done, we complete the underwriting process to finalize your loan approval.
- Then we close on your mortgage!
The documents you need may vary depending on your situation, but here's our handy checklist so you can prepare:
- Your current residence address, or addresses, for the past two years
- Social Security numbers for all borrowers
- Your employment history for the past two years – you'll need your employer(s) name, address, and phone number
- Income information for all borrowers – you'll be asked to include salary, overtime, bonuses, commissions, interest/dividend, retirement income, and any other regular source of income
- Details about your rental or home ownership history
- If you own any other real estate, we'll want to know the address, current market value, amount you owe, amount of rental income you receive (if any), and what your monthly payment is
- Information about your current debts – we'll ask for the name of the creditor, the account number, the current balance owing and the amount of your monthly payment
We are here to help you find the right option to fit your needs. Give us a call at 405-235-3030 or apply online today.
Refinancing your mortgage will be easier than getting your original mortgage simply because you've been through the mortgage process before! You'll need many of the same documents this time, too.
First, choose your new loan type based on:
- Your income
- How much you still owe on your mortgage
- How much cash you might have to put down or how much cash you want to take out
- How long you're planning to stay in your home
- Whether you want a higher or lower payment
- What mortgage term best suits your needs
Next, apply online and get pre-qualified for your new mortgage with a likely new rate. If approved for pre-qualification, we move to the next steps:
- We'll process your application, verify all your documents, and request proof of income.
- We need to order an appraisal of your home and a title search to check for any liens, plus check your flood certification if needed.
- When all this is done, we complete the underwriting process to finalize your loan approval.
- Then we close on your new mortgage!