Compare Massachusetts Credit Union Mortgage Rates
Find the best home loan rates from 41 local credit unions
Educational Project: Rates shown are for comparison purposes only and subject to change. Always verify rates directly with credit unions. Not financial advice.
Lowest 30-Year Fixed Rates
View All →| Credit Union | Product | Interest Rate | APR | Points | |
|---|---|---|---|---|---|
|
Fall River
|
Adjustable
|
N/A
|
5.500%
|
0 | Visit Website → |
|
Fall River
|
Conventional
|
N/A
|
5.500%
|
0 | Visit Website → |
|
Fall River
|
Va
|
N/A
|
5.500%
|
0 | Visit Website → |
|
Adjustable
|
N/A
|
5.624%
|
0.0 | Visit Website → | |
|
Methuen
|
Adjustable
|
N/A
|
5.736%
|
0 | Visit Website → |
Lowest 15-Year Fixed Rates
View All →| Credit Union | Product | Interest Rate | APR | Points | |
|---|---|---|---|---|---|
|
Lowell
|
Va
|
N/A
|
2.000%
|
0 | Visit Website → |
|
East Boston
|
Conventional
|
N/A
|
5.128%
|
0 | Visit Website → |
|
Cambridge
|
Conventional
|
N/A
|
5.128%
|
0.0 | Visit Website → |
|
Cambridge
|
Conventional
|
N/A
|
5.128%
|
0.0 | Visit Website → |
|
Worcester
|
Conventional
|
N/A
|
5.375%
|
0 | Visit Website → |
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Why Choose Credit Union Mortgages?
How to Compare Mortgage Rates
- Compare APR, not just interest rate - APR includes fees and gives you the true cost of the loan.
- Check multiple lenders - Rates can vary significantly between credit unions.
- Consider the loan term - 15-year loans have lower rates but higher monthly payments.
- Factor in points - Paying points upfront can lower your rate, but calculate the break-even point.
- Review closing costs - A lower rate with high fees may cost more than a slightly higher rate.
- Get pre-approved - Lock in your rate and strengthen your offer when house hunting.
Frequently Asked Questions
What's the difference between interest rate and APR?
The interest rate is the cost of borrowing the principal loan amount. APR (Annual Percentage Rate) includes the interest rate plus additional costs like origination fees, discount points, and other fees. APR gives you a more accurate picture of the total cost of the loan.
How do I qualify for a Massachusetts credit union mortgage?
Requirements vary by credit union, but generally you need: (1) Credit union membership (often requires living or working in MA), (2) Credit score of 620+ (conventional) or 580+ (FHA), (3) Debt-to-income ratio below 43%, (4) Steady employment and income, (5) Down payment (3-20% depending on loan type).
Should I get a 15-year or 30-year mortgage?
15-year mortgages have lower interest rates and you'll pay less interest overall, but monthly payments are higher. 30-year mortgages have lower monthly payments, making them more affordable, but you'll pay more interest over time. Choose based on your budget, financial goals, and how long you plan to stay in the home.
What is a good mortgage rate in Massachusetts?
As of June 06, 2026, the average 30-year fixed rate in MA is around 6.400%. Rates below this are considered good. Your actual rate depends on credit score, down payment, loan amount, and the specific credit union. Credit unions typically offer rates 0.25-0.5% lower than traditional banks.
Do I need to pay points to get a lower rate?
Points are optional. One point equals 1% of the loan amount and typically lowers your rate by 0.25%. Whether points make sense depends on how long you'll keep the loan. Calculate the break-even point - if you'll keep the loan longer than the break-even period, points can save you money. Use our refinance calculator to see if paying points makes sense for you.