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Mortgage Loans

Home Sweet Loan

Bellwether’s competitive mortgage loan programs have been helping our members turn houses into homes for over 100 years. Let us help bring you home too! Whether you’re a seasoned homeowner or a first-timer, our experienced, caring, local mortgage consultants will help walk you through the steps of the home buying process until you are standing outside your new home.

Check out our handy Homebuyer's Guide for valuable information when buying and financing your new home.

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Benefits of a Bellwether Mortgage Loan

Purchase 30-YR Fixed-Rate Mortgages
as low as
6.727% APR
Predictable rate for the life of the loan
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  • Extended menu of mortgage loan programs to fit a wide variety of mortgage needs, including VA, FHA, and USDA loans
  • Competitive Interest rates on Adjustable Rate Mortgages and Fixed Rate Mortgages
    First-time buyer? Our Easy Start Mortgage First Time Homebuyers Program offers as little as 3% down payment and no private mortgage insurance
  • Lower closing costs than many lenders
  • Lower private mortgage insurance rates than some other lenders
  • Portfolio loan programs
  • Local lenders who understand the local market and make local underwriting decisions

Home Construction Loan

With a single-close construction loan, you’ll have the funds you need to purchase land and construct your home all with one loan. The home construction loan offers an interest-only payment during the construction and the opportunity to modify your loan prior to transitioning to permanent financing. The construction loan also allows for those who currently own land to take advantage of any potential land equity they have built.
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Mortgage Calculator

Use Bellwether's Mortgage Calculator to calculate what your monthly payment might be. Choose your loan length and home loan amount to start, and discover your potential mortgage options today.

 
Rate and APR are set by the Loan Term selected.

Your monthly payment is only...

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All rates and Annual Percentage Rates (APR) subject to change without notice. Additional Rate and Point options available. Please call 1-603-645-8181 for more information.

Conforming Fixed Rate Mortgages*

Payments shown above do not include taxes or insurance. Your payment may be greater.

* All rates and Annual Percentage Rates (APR) subject to change without notice. APR and payment example are based on a $200,000 loan with a 20% down payment. Additional Rate and Point options available. Please call 1-603-645-8181 for more information.

Effective Date: November 12, 2024
Account Type
Points
Rate (%)
APR (%)
Account Type
30 Year Fixed
Points
2
Rate (%)
6.375%
APR (%)
6.727%
Account Type
30 Year Fixed
Points
1
Rate (%)
6.625%
APR (%)
6.881%
Account Type
30 Year Fixed
Points
0
Rate (%)
7.000%
APR (%)
7.159%
Account Type
20 Year Fixed
Points
2
Rate (%)
6.000%
APR (%)
6.458%
Account Type
20 Year Fixed
Points
1
Rate (%)
6.375%
APR (%)
6.708%
Account Type
20 Year Fixed
Points
0
Rate (%)
6.625%
APR (%)
6.830%
Account Type
15 Year Fixed
Points
2
Rate (%)
5.750%
APR (%)
6.239%
Account Type
15 Year Fixed
Points
1
Rate (%)
6.125%
APR (%)
6.457%
Account Type
15 Year Fixed
Points
0
Rate (%)
6.500%
APR (%)
6.674%
Account Type
10 Year Fixed
Points
2
Rate (%)
5.625%
APR (%)
6.317%
Account Type
10 Year Fixed
Points
1
Rate (%)
6.000%
APR (%)
6.468%
Account Type
10 Year Fixed
Points
0
Rate (%)
6.375%
APR (%)
6.619%
Account Type
HomeReady 30 Year Fixed
Points
N/A
Rate (%)
6.750%
APR (%)
6.856%
Account Type
Construction 30 Year Fixed
Points
N/A
Rate (%)
7.500%
APR (%)
7.987%

Payments shown above do not include taxes or insurance. Your payment may be greater.

* All rates and Annual Percentage Rates (APR) subject to change without notice. APR and payment example are based on a $200,000 loan with a 20% down payment. Additional Rate and Point options available. Please call 1-603-645-8181 for more information.

New Hampshire Housing Rates*

*APR = Annual Percentage Rates and interest rates are based on current pricing and are subject to change at any time without notice. 

DPA = Down Payment Assistance
AMI = Area Median Income

Mortgage insurance may be required depending on loan guidelines (Below 80% AMI limit, 700 FICO, 18% mortgage insurance coverage. Over 80% to 140% AMI limit, 31% mortgage insurance coverage.). If mortgage insurance is required, the mortgage insurance premium could increase the APR, interest rate and the monthly mortgage payment. 

Effective Date: November 12, 2024
Account Type
Points
Rate (%)
APR (%)
Account Type
Home First Government
Points
0
Rate (%)
6.000%
APR (%)
6.751%
Account Type
Home First Government w/ $15,000 DPA
Points
0
Rate (%)
7.125%
APR (%)
7.896%
Account Type
Home First Conv. under 80% AMI
Points
0
Rate (%)
6.125%
APR (%)
6.645%
Account Type
Home First Conv. under 80% AMI w/ $15,000 DPA
Points
0
Rate (%)
7.250%
APR (%)
7.789%
Account Type
Home First Conv. over 80% AMI
Points
0
Rate (%)
6.500%
APR (%)
7.316%
Account Type
Home First Conv. over 80% AMI w/ $15,000 DPA
Points
0
Rate (%)
7.625%
APR (%)
8.465%
Account Type
Preferred Conv. under 80% AMI
Points
0
Rate (%)
6.875%
APR (%)
7.420%
Account Type
Preferred Conv. under 80% AMI w/ $15,000 DPA
Points
0
Rate (%)
7.625%
APR (%)
8.184%
Account Type
Preferred Conv. over 80% AMI
Points
0
Rate (%)
7.125%
APR (%)
7.968%
Account Type
Preferred Conv. over 80% AMI w/ $15,000 DPA
Points
0
Rate (%)
7.875%
APR (%)
8.735%

*APR = Annual Percentage Rates and interest rates are based on current pricing and are subject to change at any time without notice. 

DPA = Down Payment Assistance
AMI = Area Median Income

Mortgage insurance may be required depending on loan guidelines (Below 80% AMI limit, 700 FICO, 18% mortgage insurance coverage. Over 80% to 140% AMI limit, 31% mortgage insurance coverage.). If mortgage insurance is required, the mortgage insurance premium could increase the APR, interest rate and the monthly mortgage payment. 

Adjustable Rate Mortgages* (ARMs)

Payments shown above do not include taxes or insurance. Your payment may be greater.

Loan approval, interest rate, and down payment required based on creditworthiness amount financed, and ability to repay. Loans with a down payment less than 20% require mortgage insurance which could increase the monthly payment and Annual Percentage Rate. Escrow for Real Estate taxes may be required which would increase your monthly mortgage payment. Property Insurance is required and flood insurance may be required. Other fees may be assessed, as applicable.

The index for all Adjustable Rate Mortgages is the weekly average of the U.S. Treasury securities for the applicable term. The interest rate on the ARMs will adjust periodically and that may result in an increase of the interest rate after closing. Rates, terms, and conditions are subject to change.

The 1/1 ARM offers a fixed rate for 1 year and adjusts to a 1-year ARM after that period. The interest rate and monthly payment may adjust annually based on the 1-year U.S. Treasury, plus a margin of 2.75 percentage points. Caps are 2% initial, 2% annual and 6% for the lifetime cap.

The 3/1 ARM offers a fixed rate for 3 years and adjusts to a 1-year ARM after that period. The interest rate and monthly payment may adjust annually based on the 1-year U.S. Treasury, plus a margin of 2.75 percentage points. Caps are 2% initial, 2% annual and 6% for the lifetime cap.

The Seasonal Home 5/1 ARM offers a fixed rate for 5 years and adjusts to a 1-year ARM after that period. The interest rate and monthly payment may adjust annually based on the 1-year U.S. Treasury, plus a margin of 3.50 percentage points. Caps are 2% initial, 2% annual and 6% for the lifetime cap.

The 5/1 ARM offers a fixed rate for 5 years and adjusts to a 1-year ARM after that period. The interest rate and monthly payment may adjust annually based on the 1-year U.S. Treasury, plus a margin of 2.75 percentage points. Caps are 2% initial, 2% annual and 6% for the lifetime cap.

The 5/5 ARM offers a fixed rate for 5 years and adjusts to a 5-year ARM after that period. The interest rate and monthly payment may adjust every 5 years based on the 5-year U.S. Treasury, plus a margin of 2.50 percentage points. Caps are 2% initial, 2% annual and 5% for the lifetime cap.

The Easy Start 5/5 ARM offers a fixed rate for 5 years and adjusts to a 5-year ARM after that period. The interest rate and monthly payment may adjust every 5 years based on the 5-year U.S. Treasury, plus a margin of 2.50 percentage points. Caps are 2% initial, 2% annual and 5% for the lifetime cap.

The 7/1 ARM offers a fixed rate for 7 years and adjusts to a 1- year ARM after that period. The interest rate and monthly payment may adjust annually based on the 1 year U.S. Treasury, plus a margin of 2.75 percentage points. Caps are 5% initial, 2% annual and 5% for the lifetime cap.

The 10/1 ARM offers a fixed rate for 10 years and adjusts to a 1- year ARM after that period. The interest rate and monthly payment may adjust annually based on the 1 year U.S. Treasury, plus a margin of 2.75 percentage points. Caps are 5% initial, 2% annual and 5% for the lifetime cap.

For 1 - 4 family owner-occupied residence, condo and one-unit second homes.

Caps
1/1, 3/1, Seasonal Home and 5/1 ARM CMT = 2/2/6
7/1 and 10/1 ARM CMT = 5/2/5
5/5 ARM CMT = 2/2/5

Index and Margin
Index: One Year US Treasury Bill. As of 11/1/2024: 4.28, Margin: 2.75%, Your rate will be rounded up to the nearest eighth. This applies to the 1/1, 3/1, 5/1, Construction 5/1, 7/1, and 10/1 products.
Index: One Year US Treasury Bill. As of 11/1/2024: 4.28, Margin: 3.5%, Your rate will be rounded up to the nearest eighth. This applies to the Seasonal Home.
Index: Five Year US Treasury Bill. As of 11/1/2024: 4.15, Margin: 2.50%, Your rate will be rounded up to the nearest eighth. This applies to the 5/5 and Easy Start products.

Effective Date: July 29, 2024
Account Type
Rate (%)
Annual Percentage Rate (APR) As Low As*
Account Type
1/1 ARM CMT
Rate (%)
7.125%
Annual Percentage Rate (APR) As Low As*
7.513%
Account Type
3/1 ARM CMT
Rate (%)
7.250%
Annual Percentage Rate (APR) As Low As*
7.504%
Account Type
Seasonal Home 5/1 ARM CMT
Rate (%)
8.500%
Annual Percentage Rate (APR) As Low As*
8.433%
Account Type
5/1 ARM CMT
Rate (%)
7.375%
Annual Percentage Rate (APR) As Low As*
7.538%
Account Type
5/5 ARM CMT
Rate (%)
7.625%
Annual Percentage Rate (APR) As Low As*
6.893%
Account Type
Easy Start 5/5 ARM CMT
Rate (%)
7.500%
Annual Percentage Rate (APR) As Low As*
6.789%
Account Type
7/1 ARM CMT
Rate (%)
8.750%
Annual Percentage Rate (APR) As Low As*
8.650%
Account Type
10/1 ARM CMT
Rate (%)
8.875%
Annual Percentage Rate (APR) As Low As*
8.658%
Account Type
Construction 5/1 ARM
Rate (%)
7.375%
Annual Percentage Rate (APR) As Low As*
7.858%

Payments shown above do not include taxes or insurance. Your payment may be greater.

Loan approval, interest rate, and down payment required based on creditworthiness amount financed, and ability to repay. Loans with a down payment less than 20% require mortgage insurance which could increase the monthly payment and Annual Percentage Rate. Escrow for Real Estate taxes may be required which would increase your monthly mortgage payment. Property Insurance is required and flood insurance may be required. Other fees may be assessed, as applicable.

The index for all Adjustable Rate Mortgages is the weekly average of the U.S. Treasury securities for the applicable term. The interest rate on the ARMs will adjust periodically and that may result in an increase of the interest rate after closing. Rates, terms, and conditions are subject to change.

The 1/1 ARM offers a fixed rate for 1 year and adjusts to a 1-year ARM after that period. The interest rate and monthly payment may adjust annually based on the 1-year U.S. Treasury, plus a margin of 2.75 percentage points. Caps are 2% initial, 2% annual and 6% for the lifetime cap.

The 3/1 ARM offers a fixed rate for 3 years and adjusts to a 1-year ARM after that period. The interest rate and monthly payment may adjust annually based on the 1-year U.S. Treasury, plus a margin of 2.75 percentage points. Caps are 2% initial, 2% annual and 6% for the lifetime cap.

The Seasonal Home 5/1 ARM offers a fixed rate for 5 years and adjusts to a 1-year ARM after that period. The interest rate and monthly payment may adjust annually based on the 1-year U.S. Treasury, plus a margin of 3.50 percentage points. Caps are 2% initial, 2% annual and 6% for the lifetime cap.

The 5/1 ARM offers a fixed rate for 5 years and adjusts to a 1-year ARM after that period. The interest rate and monthly payment may adjust annually based on the 1-year U.S. Treasury, plus a margin of 2.75 percentage points. Caps are 2% initial, 2% annual and 6% for the lifetime cap.

The 5/5 ARM offers a fixed rate for 5 years and adjusts to a 5-year ARM after that period. The interest rate and monthly payment may adjust every 5 years based on the 5-year U.S. Treasury, plus a margin of 2.50 percentage points. Caps are 2% initial, 2% annual and 5% for the lifetime cap.

The Easy Start 5/5 ARM offers a fixed rate for 5 years and adjusts to a 5-year ARM after that period. The interest rate and monthly payment may adjust every 5 years based on the 5-year U.S. Treasury, plus a margin of 2.50 percentage points. Caps are 2% initial, 2% annual and 5% for the lifetime cap.

The 7/1 ARM offers a fixed rate for 7 years and adjusts to a 1- year ARM after that period. The interest rate and monthly payment may adjust annually based on the 1 year U.S. Treasury, plus a margin of 2.75 percentage points. Caps are 5% initial, 2% annual and 5% for the lifetime cap.

The 10/1 ARM offers a fixed rate for 10 years and adjusts to a 1- year ARM after that period. The interest rate and monthly payment may adjust annually based on the 1 year U.S. Treasury, plus a margin of 2.75 percentage points. Caps are 5% initial, 2% annual and 5% for the lifetime cap.

For 1 - 4 family owner-occupied residence, condo and one-unit second homes.

Caps
1/1, 3/1, Seasonal Home and 5/1 ARM CMT = 2/2/6
7/1 and 10/1 ARM CMT = 5/2/5
5/5 ARM CMT = 2/2/5

Index and Margin
Index: One Year US Treasury Bill. As of 11/1/2024: 4.28, Margin: 2.75%, Your rate will be rounded up to the nearest eighth. This applies to the 1/1, 3/1, 5/1, Construction 5/1, 7/1, and 10/1 products.
Index: One Year US Treasury Bill. As of 11/1/2024: 4.28, Margin: 3.5%, Your rate will be rounded up to the nearest eighth. This applies to the Seasonal Home.
Index: Five Year US Treasury Bill. As of 11/1/2024: 4.15, Margin: 2.50%, Your rate will be rounded up to the nearest eighth. This applies to the 5/5 and Easy Start products.

Get Up to $750 Off Your Closing Costs

  • Apply for and close on your first mortgage with Bellwether
  • Open a Bellwether MyMoney Checking Account or Live Free Checking Account. If you currently have a checking account with us, that counts!
  • Add Direct Deposit to your checking account. We’ve made switching over easier than ever with ClickSWITCH

*To qualify for the maximum $750 closing cost credit, before closing documents are prepared, you must (1) have or open the Bellwether MyMoney or Live Free checking account and (2) finish your direct deposit set up through ClickSWITCH. Direct deposit of a minimum of $1,000 monthly is required. Offer may be discontinued at any time. Offer is valid for new purchases only and not valid on refinances. Excludes No Closing Cost loan products. Mortgage approval is based on credit qualifications. Cannot be combined with any other mortgage discount or offer. Terms and conditions apply.

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Testimonials

"I would highly recommend Bellwether to all of my family and friends. Working with Bellwether made being a first time home buyer a smooth and easy process – they were always available for any of my questions and went above and beyond to make sure I had everything I needed throughout the process."
- Justine
"They gave me the mortgage rate that was advertised on the website with no surprise points, fees or charges. I was able to close on time and with no hiccups from Bellwether Community Credit Union."
- Greg R.
"Bellwether is always available for any questions or concerns from start to finish. Highly recommended. I even had my son reach out."
- Robert D.
"I've been a member of BCCU for 10 years. And have always had positive experiences."
- Eliot D.
"Have had an account for a very long time. Love doing most of my banking and bill paying online."
- Lilian C.

FAQs

How are interest rates determined?

Interest rates are influenced by the financial markets and can change daily – or multiple times within the same day. The changes are based on many different economic indicators in the financial markets.

How much do I need for a down payment?

There are many different programs available to you. Our conventional mortgage loan programs require a minimum of 5% down with closing costs and pre-paid items. We also offer programs for eligible applications to pay only 3% down. Schedule an appointment with us for more information.

What are closing costs, and how much will they be?

Closing costs will vary by state, property type, and credit. Included in the cost are taxes and government fees, legal services, fees to the lender for processing, and other fees. The borrower must also pay for certain pre-paid items such as daily interest and homeowner’s insurance.

What is the difference between pre-qualification and pre-approval?

Mortgage loan borrowers apply for pre-qualification while they are searching for a home. Pre-qualification allows you and sellers to estimate how much you can afford. 

Take the Next Step

Apply for a Mortgage Today

Let Bellwether help bring you home.
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Mortgage Resources

Consult these helpful materials to help make your choice.
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