Virginia Fixed Rate Mortgages

Buying a home is easy with a Fixed Rate Mortgage from Langley

Current Fixed Mortgage Rates
Term Rate APR*
10 Year (New Purchase) 2.500% 2.856%
15 Year (New Purchase) 2.625% 2.781%
20 Year (New Purchase) 3.125% 3.247%
30 Year (New Purchase) 3.375% 3.443%

A fixed mortgage rate mortgage ensures your monthly payments will remain constant regardless of interest rate fluctuation. At Langley FCU you have the additional benefit of no monthly mortgage insurance fees and no prepayment penalty.

Choosing a mortgage lender is a big deal, so don’t leave choosing where you finance your home to the last minute. Whether you are a first time homebuyer or have gone through the process a time or two, give Langley’s mortgage lenders an opportunity to make the financing or refinancing of your home a little less stressful.

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Frequently Asked Questions About Fixed Rate Mortgages

How long does the mortgage process take?

30 days for a purchase. 45-60 for a refinance. Exceptions can be made.

Can I talk with someone at Langley before I apply for a mortgage?

Yes, we have loan officers in several of our branches and two located in the mortgage department. Please call 757-827-7200 and ask to speak to a mortgage loan officer.

What do I need to apply for a fixed rate mortgage?
  1. W-2 forms for the last two years
  2. Current paystubs covering most recent 30 days
  3. For refinance, a copy of your homeowner's insurance policy.
  4. For refinance, a copy of your current mortgage statement(s).
  5. If self- employed or if you own rental property, the last two years' tax returns are required.
Do I need a realtor before I apply for a mortgage?

No, you can be preapproved before you start your new home search.

Is this mortgage only for primary residences?

No, we offer loans for second homes and investment properties.

*APR=Annual Percentage Rate. 30-Year Fixed 3.375% (3.443% APR) - up to 75% LTV. The interest rate is current as of October 01, 2021. Offer applies to borrowers with a credit score of 740 or better depending on credit qualifications. The payment on a $200,000, 30-year Fixed-Rate Loan at 3.375% (3.443% APR) is $884. Property insurance and, if applicable, flood insurance is required. Payment does not include taxes and insurance premiums. The actual payment amount will be greater. Some restrictions may apply. This rate is applicable for owner-occupied purchase of a single family dwelling.