Skip nav to main content.
LAPFCU Logo

MORTGAGE RATE DROP ALERT

FINALLY, A BETTER TIME TO BUY!

APPLY NOW
  •  

    The Wait Is Over—Mortgage Rates Have Dropped

    Finance with a Lender You Can Trust

    As part of the law enforcement community, you deserve great loan rates and exceptional service from a lender who understands your needs. We have the right loan program options for you—now at lower rates!

    Finance a new home and get:

    • A great rate
    • Reliable, fixed monthly payments
    • Local service from a lender you trust
    • We guarantee to close your purchase loan on time^
    • Additional savings with our HomeAdvantage program^^

    30-YEAR FIXED RATES
    AS LOW AS
    6.625% / 6.425% APR*

     

     

    END OF WATCH DEBT PROTECTION
    INCLUDED AT NO COST
    **

APPLY NOW

LAPFCU has proudly and exclusively served law enforcement since 1936. We are a knowledgeable local lender offering personal assistance and in-house loan service.

Questions? Call us at (877) 695-2732, option 3 or visit a branch for step-by-step assistance.

Questions? Call us @ (877) 695-2732

Disclosures

*APR = Annual Percentage Rate. 30-year fixed rate term payment example (rate effective January 3, 2024): A $500,000 loan would have a fixed rate of 6.625%/6.645% APR with no points and a 60-day rate lock would have 360 monthly payments of $3,201.55. Payment example does not include closing fees, include taxes, insurance, loan level pricing adjustments or third-party vendor fees. All advertised rates and terms are subject to change at any time without notice. All loans are subject to credit approval and applicable LAPFCU policies. Your actual payment may vary. Restrictions apply, ask for complete details.

 

**End of Watch Debt Protection is provided to eligible borrowers at no additional cost to the borrower and cancels the outstanding LAPFCU loan balance of the sworn or civilian member. To be eligible for the End of Watch Debt Protection, the Borrower must: (1) be an LAPFCU member, (2) meet the lending requirements established by LAPFCU to qualify for this debt protection and (3) be an active-duty sworn law enforcement officer or civilian in qualifying areas we serve. Minimum loan balance amount of $10,000 or a new activated $10,000 line of credit required to qualify (must be used within 30 days of account opening). Maximum coverage for a single loan is $400,000. The maximum combined loan amount is $850,000 for all of the borrower’s loans. The End of Watch Debt Protection may not be purchased outright. This debt cancellation benefit applies to all loans from LAPFCU and only in the case of death while on duty, some exceptions do apply. All loans are subject to credit approval and to applicable LAPFCU policies. Other restrictions may apply. Visit lapfcu.org/eow or call (877) 695-2732 for complete details.

 

^Offer limited to first mortgage purchases only. LAPFCU guarantees to close your home loan on or before the date agreed upon in the Residential Purchase Contract provided that the following four (4) conditions are met: (1) member to supply requested conditions within the expiration date noted on the conditional approval and all conditions must be satisfactory; (2) fully executed purchase contract and all addendums signed by all parties is received within 2 business days of execution to mortgages@lapfcu.org; (3) no exceptions to product guidelines; and (4) must have escrow/closing agent fees within 2 business days of receipt of contract. If all required conditions are met and your loan fails to close on time due to a delay by LAPFCU, you will receive a $650 underwriting fee credit towards the closing costs at loan closing. Offer is not valid for the following scenarios: new construction; changes made to the loan type, closing date, and/or rate changes 10 days prior to closing. Residential Purchase Contract/COE (Close of Escrow) must be a minimum of 21 days and LAPFCU must have a minimum of 21 days to close the loan. Third party delays (e.g. inspections, appraisal, seller issues or repairs needed) and natural disaster or force of nature weather issues would not be considered LAPFCU delays. This offer may be discontinued at any time without notice. May not be combined with any other offer. All loans are subject to credit approval and applicable LAPFCU policies. Other restrictions may apply, please ask for complete details.

 

^^HomeAdvantage is available to you through your membership with LAPFCU. Cash Rewards are available to members who register to use HomeAdvantage and who use a real estate agent in the HomeAdvantage network to buy or sell their home. Using LAPFCU for a mortgage is not a requirement to earn Cash Rewards. Cash Rewards amounts are dependent on the commissions paid to the agent. LAPFCU may have specific rules on how your Cash Rewards will be paid out. Cash Rewards are void where prohibited by law or the lender. Please consult with your credit union to get details that may affect you. 1223-054