Whether you’re already a homeowner or working towards becoming one, LGE is here to help Georgians grow their roots.  

Thinking about jumping into the housing market? Start here: 

  • Determine your budget 
    The LGE Mortgage Center has tools to help you determine how much house you can afford, what your rate might be, and what your mortgage could look like. 
  • Chat with the experts 
    Got questions about the homebuying process? LGE has answers. Contact us here or give us a call at 770-424-0060 ext. 55110 to learn more and start your preapproval process. 
  • Find your realtor & start your home search 
    HomeAdvantage® is a free resource for LGE members that helps homebuyers connect with a trusted realtor, search for local houses within their budget, and earn cash back rewards on the sale or purchase of their home! 

Ready to seal the deal? LGE has loans & programs designed to help you save money now and down the line: 

  • Fixed1  & Adjustable-Rate Mortgages1
    While fixed-rate mortgages offer longer-term consistency, an adjustable-rate mortgage (ARM) offers lower initial interest rates, making your early payments more affordable. The rate then changes after a specified period (for example, a 5/5 ARM means your rate stays the same for the first 5 years, then adjusts every 5 years). ARMs can be ideal for buyers who plan to move or refinance before their first rate adjustment - with 5/5, 7/7, and 15/15 terms, an ARM might be the perfect fit for your needs!
  • LGE Community Partners & Heroes Mortgage Loan Program
    LGE gives back to our local heroes – including healthcare workers, teachers, essential workers, and more – with reduced fees & up to 100% financing. Find out if your profession qualifies!
  • First-time Homebuyers Program & Affordable Housing Programs2
    Access down payment assistance up to $12,500 for qualified first-time home buyers, and up to $15,000 for community partners.
  • Rate Reset Mortgages
    Future-proof your finances with a mortgage that allows you to initiate interest rate changes with the click of a button – no refinancing required.

Already found your home sweet home? Make the most of its value. 

LGE is here to support you every step of the way, from dreaming about owning a home to owning your dream home. Check out LGEccu.org/Mortgages or give us a call at 770-424-0060 ext. 55110.

 

  

1Must be an existing member or eligible to become a member through our Field of Membership. All loans subject to approval. The rate may vary depending on each individual’s credit history and underwriting factors. Not all applicants will qualify. Programs, rates, terms and conditions are subject to change without notice. Excludes condos, manufactured homes, and properties outside of Georgia. Fixed rate mortgage options may be available for investment properties. Other restrictions may apply. LGE Community Credit Union reserves the right to modify or cease mortgage programs at any time.

2First-Time Homebuyer is a product of the Federal Home Loan Bank of Atlanta. Household income restrictions and other requirements apply. Please see Federal Home Loan Bank of Atlanta’s Affordable Housing Program Implementation Plan at www.fhlbatl.com for complete product requirements.

3Home Equity Line of Credit: Credit is subject to approval, not all applicants will qualify. APRs on are subject to increase after consummation and without prior notice. Programs, rates, terms and conditions are accurate as of June 13, 2024, and are subject to change. The rate is a variable rate adjusted to the Prime Rate monthly based on the Wall Street Journal's Prime Rate. As of 7/27/2023, the Prime Rate is 8.50%. (Loan is subject to a floor rate of 4.00%) APR = Annual Percentage Rate - Minimum APR 4.00%. Maximum - APR is 18%.  APR Assumptions for HELOC: Loans may be available up to 80% -100% Total Loan to Value. 2 "As Low As" rates listed are our best rates based on approved credit. The actual rate offered may be higher depending on applicant's credit rating and other underwriting factors. A home equity line of credit is secured by a first or second mortgage lien on your home, which must be one-to-four family residential real estate. This type of credit is not available for modular homes, manufactured homes or cooperatives. HELOC converts to 10 Year repayment period after conclusion of 10 Year draw period. Adequate property and flood insurance may be required. A home equity line of credit is only available to members in an owner-occupied primary residence in the State of Georgia. All credit union loan programs, rates, terms and conditions are subject to change at any time without notice.
HELOC Sample Payment: Assumptions: $50,000 balance on a HELOC @ 5% and 30 days in a billing cycle Interest-Only for 120 Month Draw Period: $205.48. Fully-amortizing for 120 Month Repayment Period: $530.33.

Payment Examples and Assumptions: These Rates and Payments use a $225,000 loan amount at 70% LTV.
Product Type
Rate as of 6/17/24
Points
APR
Payment*
30 Year 15/15 ARM 5.875% 0 6.036% $1,331.00
30 Year 7/7 ARM 5.750% 0 6.030% $1,313.00
30 Year 5/5 ARM 5.625% 0 6.025% $1,295.00
*Loan Assumptions and Disclosures:

Chart data is for illustrative purposes only and is subject to change without notice. Advertised rate, points, and APR are based on a set of loan assumptions and disclosures. Your actual rate and APR may differ from chart data. Chart accuracy is not guranteed and products may not be available for your situation. Monthly payments shown include principal and interest only, and (if aplicable), andy required mortgage insurance. Any other fees such as property tax and homeowners insurance are not included and will result in a higher actual monthly payment. Adjustable-rate Mortgage (ARM) interest rates and payments are subject to increase after the initial fixed-rate period (5 years for 5/5 ARM, 7 year for 7/7 ARM, and 15 years for 15/15 ARM.
Interest rates and annual percentage rates (APRs) are based on our current pricing, are for informational purposes only, are subject to change without notice. Payments are fully-amortizing and the interest rate change is based on a margin and an index.
15/15 ARM, after 15 years, the interest rate can increase or decrease once, up to 5%, 7/7 ARM, the interest rate can increase or decrease up to 2% every 7 years, with a lifetime cap of 5%. These rate increases are based on a margin and an index. 5/5 ARM, the interest rate can increase or decrease up to 2% every 5 years, with a lifetime cap of 5%. These rate increases are based on a margin and an index. The index we use is the Ten Year Constant Maturity Treasury and the margin we use is 2.75%. This is not a credit decision or a committment to lend.

Rate & Payment Details

Below are the details of the Rate & Repayment that will apply over the term of the loan. The payments listed below do not include amounts for taxes and insurance. A current reasonable Index and Margin were used to display potential future rate and/or Payment changes.

  • Initial Interest Rate: The rate that is fixed for some specified number of months at the beginning of the loan term
  • APR: Annual Percentage Rate, the rate that reflects the actual annual cost of a loan and includes the loan interest rate, private mortgage insurance, points, and some fees
  • Fully Indexed Rate: The current index value plus the margin on an ARM
  • Max Interest Rate: The maximum rate that may occur on your ARM
  • Months to First Rate Adjustment: The period of time before your interest rate will adjust
  • Interest Only Term: The period of time where the monthly mortgage payment consists of interest only. During that period, the loan balance remains unchanged
30 Year 15/15 ARM
Initial Interest Rate    
APR
Fully Indexed Rate
Maximum Interest Rate
Months to First Rate Adjustment
Interest Only Term
5.875% 6.036%     6.25% 10.875% 180 Months 0 Months
Payment Month(s)
Monthly Mortgage (P&I)
Rate
1-180 $1,330.96 5.875%
181-359 $1,363.24 6.25%
360 $1,363.86 6.25%

30 Year 7/7 ARM
Initial Interest Rate    
APR
Fully Indexed Rate
Maximum Interest Rate
Months to First Rate Adjustment
Interest Only Term
5.75% 6.03%     6.125% 10.75% 84 Months 0 Months
Payment Month(s)
Monthly Mortgage (P&I)
Rate
1-84 $1,313.04 5.75%
85-359 $1,357.93 6.125%
360 $1,355.13 6.125%

30 Year 5/5 ARM
Initial Interest Rate    
APR
Fully Indexed Rate
Maximum Interest Rate
Months to First Rate Adjustment
Interest Only Term
5.625% 6.025%     6.125% 10.625% 60 Months 0 Months
Payment Month(s)
Monthly Mortgage (P&I)
Rate
1-60 $1,295.23 5.625%
61-359 $1,358.55 6.125%
360 $1,358.57 6.125%