Yes. We recommend getting pre-qualified as soon as you begin your home search.

Getting pre-qualified early can help you understand what you may be able to afford before making an offer. We will review your application using current mortgage guidelines and provide a clearer picture of your budget.

After you apply, a mortgage loan originator will contact you to review your information, answer any questions, and provide a pre-qualification letter. You can share that letter with your real estate agent and sellers to show that you are a serious buyer.

LutheranFCU offers an online tool that provides personalized mortgage rate quotes based on your specific loan details.

To view current rates:

• Visit our mortgage loan page.

• Select the house and calculator icon under Current Mortgage Rates.

• Enter your information and click Submit.

• Scroll down to review the loan programs for which you may be eligible.

To discuss your options in more detail, please call a LutheranFCU mortgage loan originator at (314) 394-2790, Option 2.

When reviewing mortgage rates online, you may see several options that affect your rate and closing costs.

Here are a few helpful definitions:

• Discount points let you lower your interest rate by paying more at closing.

• If the Discount Points column shows 0.25, that means you would pay an additional 0.25% of the loan amount at closing to receive that rate.

• A rebate credit means you may choose a rate that provides a lender credit at closing.

• If there is a number listed in the Rebate column, you may select that rate and receive that amount as a credit at closing.

• Clicking the payment amount in the Total Payment column will show a breakdown of the monthly payment, including estimated mortgage insurance, if applicable.

Please note that mortgage insurance estimates shown on the website may be higher than your final amount, since they do not reflect your full financial profile. Once your application is submitted and reviewed, LutheranFCU will provide your actual mortgage insurance amount, if required.

Members in certain states may also see non-conforming RCW mortgage loan programs. These are available only to Rostered Church Workers in active or emeritus status on the LCMS roster, including pastors, teachers, DCEs, and deaconesses. RCW loans allow up to 95% loan-to-value financing, with as little as 5% down plus closing costs, and do not require private mortgage insurance.