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Mortgages

Whether it’s your first—or fifth—time getting a mortgage, we’re here to help.
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We work around you.

Whether you’re an early bird or a night owl, we provide business lending on your schedule. Our online loan portal reduces the application process timeline by 23 hours or more – saving you precious time to focus on running your company.

Online Application
Online user-friendly application to help you gather and upload documents
Go at Your Own Pace
Start and save your application to finish at your convenience
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Quick Results
Speedy turnaround time – fast approval decisions!
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Check the background of this firm or your financial professional on FINRA's BrokerCheck.

Since no two paths are alike, there is no cookie-cutter solution to investments and retirement planning. At Spectra Investment Services, we believe your investment and retirement plans should be as unique as the path you took to get here.

Get Pre-Qualified with a PAL

With a Pre-Approved Loan (PAL) check you enjoy the purchase power you need to make your next auto buying experience a breeze.
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1. Apply Online
Submit an application online, in person, or over the phone.
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2. Get approved
Receive your loan documents in-branch or via next day mail.
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3. Sign your PAL check
Just make the check payable to the dealer!
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4. Drive away in a new car
We’ll confirm your purchase details and final loan info.
Apply for an Auto Loan
Mortgages

Conventional Mortgage

Enjoy a locked-in rate and payments that won’t change with market conditions.

  • Your rate and payments remain the same for the life of your loan. Even if rates rise, yours will stay the same.
  • You can spread payments over a longer term—for 10, 15, 20 or 30 years.
  • No surprises. You’ll know exactly what you’ll pay every month for easier budgeting.
  • Available for home purchase and refinance
  • Loan amounts up to $1,000,000
  • Up to 97% loan-to-value ratio

Plus, you might be eligible to receive up to $15,000 in closing cost assistance. Ask us how!

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Jumbo Mortgage

Big dreams need a big mortgage.

  • For loan amounts over $766,550 and up to $1,000,000
  • Fixed-rate and adjustable-rate loan options
  • Available for home purchase and refinance
  • Up to 90% loan-to-value ratio
Mortgages
Mortgages

First-Time Homebuyer

Make buying your first home an unforgettable experience with NO MONEY DOWN!

  • Loan amounts up to $766,550
  • Rate and payments will remain the same for the life of the loan.

3-year Adjustable-Rate Mortgage (ARM)¹

With a 3/1 ARM from Spectra, your initial interest rate is typically lower than most fixed-rate loans and will remain the same for three years and adjust yearly based on market conditions.

  • Ideal for buyers who don’t plan to be in their home for more than three years or those looking to keep initial monthly payments low.
  • Initial fixed period 36 months (3 years)
  • Rate may be adjusted each year thereafter.
Mortgages
Mortgages

Individual Taxpayer Identification Number (ITIN) Mortgage

We understand that homeownership is a dream for many members of our community. That's why we're thrilled to offer a home loan that can make it a reality for those with ITINs.

  • Available to members who have lived and worked in the community for at least two years.
  • For owner-occupied properties only, purchase or refinance.
  • The borrower must have a valid ITIN number for at least two years.

If you're curious about how an ITIN home loan can help you achieve your dream of owning a home, you can reach us at 301-839-8429 or complete the form below.

Government Mortgages

We offer a variety of government mortgages to help make home ownership a reality throughout our communities. With competitive options and financial assistance programs available, we’re making homes more affordable for you!

  • Veterans Administration (VA) Loans: These loans are guaranteed by the U.S. Department of Veterans Affairs. This benefit allows veterans, eligible active duty, reservists, and retired veterans to purchase a home with no down payment.
  • Federal Housing Administration (FHA) Loans: These loans are insured by the FHA and requires only a 3.5% down payment. FHA loans are a popular choice because they are available to many borrowers and offer competitive financing options.
  • Virginia Housing Development Authority (VHDA) Loans: These loans offer programs designed to assist Virginians in achieving homeownership through down payment assistance and homeownership grants and empower borrowers to make informed decisions.   

If you're curious about how a government mortgage can help you achieve your dream of owning a home, you can reach us at 301-839-8429 or complete the form below.

Mortgages
Rates as of current date

Vehicle Loan Rates3

Loan Type
APR* as low as
Term (Months)
Est. Monthly Payment
(per $1,000 Financed)
New Vehicles
APR* as low as
5.45%
Terms
36
Est. Monthly Payment
$30.17
APR* as low as
6.05%
Terms
48
Est. Monthly Payment
$23.51
APR* as low as
6.35%
Terms
60
Est. Monthly Payment
$19.50
APR* as low as
6.65%
Terms
72
Est. Monthly Payment
$16.88
APR* as low as
7.15%
Terms
84
Est. Monthly Payment
$15.17
APR* as low as
7.65%
Terms
96
Est. Monthly Payment
$13.96
Used Vehicles
APR* as low as
6.25%
Terms
36
Est. Monthly Payment
$30.54
APR* as low as
6.45%
Terms
48
Est. Monthly Payment
$23.69
APR* as low as
6.75%
Terms
60
Est. Monthly Payment
$19.68
APR* as low as
7.05%
Terms
72
Est. Monthly Payment
$17.07
Boat Loans
APR* as low as
8.50%
Terms
Up to 120
Est. Monthly Payment
$13.80 - $31.57
Recreational Vehicle Loans
APR* as low as
8.25%
Terms
Up to 120
Est. Monthly Payment
$13.66 - $31.45

Personal Loan Rates

Loan Type
APR* as low as
Term (Months)
Personal Loan
APR* as low as
10.50%
Terms
Up to 72
Line of Credit
APR* as low as
12.75%
Terms
N/A
Share & Certificate Secured Loan
APR* as low as
Current +2%
Terms
N/A
Home Improvement Loan
APR* as low as
12.00%
Terms
Up to 180

Checking Rates

Deposit Type
Dividend Rate
APY*
Minimum Balance to Open
Share Draft/Checking
Dividend Rate
0.00%
APY*
0.00%
Minimum Balance to Open
None
Money Market
Dividend Rate
0.00%
APY*
0.00%
Minimum Balance to Open
<$2,500
Money Market
Dividend Rate
0.85%
APY*
0.85%
Minimum Balance to Open
$2,500 - $49,999.99
Money Market
Dividend Rate
1.10%
APY*
1.10%
Minimum Balance to Open
$50,000 - $99,999.99
Money Market
Dividend Rate
1.35%
APY*
1.35%
Minimum Balance to Open
$100,000 - $249,999.99
Money Market
Dividend Rate
1.50%
APY*
1.50%
Minimum Balance to Open
$250,000+

Savings Rates

Deposit Type
Dividend Rate
APY*
Min. Balance to Open
Term (Months)
Basic Savings
Dividend Rate
0.05%
APY*
0.05%
Minimum Balance to Open
$5.00
Term
None
Club Accounts
Dividend Rate
0.05%
APY*
0.05%
Minimum Balance to Open
None
Term
None
Coverdell ESA
Dividend Rate
0.85%
APY*
0.85%
Minimum Balance to Open
None
Term
None
Roth / Traditional IRA Share
Dividend Rate
0.85%
APY*
0.85%
Minimum Balance to Open
None
Term
None
Brilliant Kids Savings
Dividend Rate
10.00%
APY*
10.38%**
Minimum Balance to Open
$5.00
Term
None

Home Equity Rates

Loan Type
Term (Years)
Rate
APR*
Variable Home Equity Line of Credit
Term (Years)
up to 25
Rate as low as
8.50%
APR* as low as
8.50%
Fixed Home Equity Line of Credit
Term (Years)
up to 15
Rate as low as
11.50%
APR* as low as
11.50%
Fixed Home Equity Loan
Term (Years)
up to 20
Rate as low as
12.50%
APR* as low as
12.50%
Get a Personalized Quote

Mortgage Rates

Loan Type
Term (Years)
Points
Rates as Low as
APR* as Low as
3/1 ARM
Term (Years)
30
Points
0.00
Rate
6.125%
APR* as low as
6.172%
10/1 ARM (ITIN)
Term (Years)
30
Points
0.00
Rate
7.625%
APR* as low as
7.677%
Conventional Mortgage
Term (Years)
30
Points
0.00
Rate
6.875%
APR* as low as
6.924%
Conventional Mortgage
Term (Years)
20
Points
0.00
Rate
6.375%
APR* as low as
6.438%
Conventional Mortgage
Term (Years)
15
Points
0.00
Rate
6.375%
APR* as low as
6.454%
Conventional Mortgage
Term (Years)
10
Points
0.00
Rate
5.875%
APR* as low as
5.986%
First-Time Homebuyer
Term (Years)
30
Points
0.00
Rate
7.375%
APR* as low as
7.426%
Get a Personalized Quote

Certificates

Deposit Type
Dividend Rate
APY*
Minimum Balance to Open
IRA 06 months
APY*
3.69%
Minimum Balance to Open
3.75%
Minimum Balance to Open
$500
IRA 12 months
APY*
4.650%
Minimum Balance to Open
4.75%
Minimum Balance to Open
$500
IRA 24 months
APY*
4.41%
Minimum Balance to Open
4.50%
Minimum Balance to Open
$500
IRA 36 months
APY*
3.88%
Minimum Balance to Open
3.95%
Minimum Balance to Open
$500
Share 06 months
APY*
3.69%
Minimum Balance to Open
3.75%
Minimum Balance to Open
$500
Share 12 months
APY*
4.650%
Minimum Balance to Open
4.75%
Minimum Balance to Open
$500
Share 24 months
APY*
4.41%
Minimum Balance to Open
4.50%
Minimum Balance to Open
$500
Share 36 months
APY*
3.88%
Minimum Balance to Open
3.95%
Minimum Balance to Open
$500
Share 48 months
APY*
3.78%
Minimum Balance to Open
3.85%
Minimum Balance to Open
$500
Share 60 months
APY*
3.74%
Minimum Balance to Open
3.80%
Minimum Balance to Open
$500

Interested in learning more? We’d love to speak with you.

Fill out our form and a representative from Spectra CU will be in touch as soon as possible.

Interested in learning more? We’d love to speak with you.

Fill out our form and a representative from Spectra Investment Services will be in touch as soon as possible.
Contact

Horace Daniel ChFEBC, CRPC
conferred by College for Financial Planning
LPL Financial Advisor
(301) 839-8826

Madea Badio
Program Coordinator
mbadio@spectracu.com
(301) 749-4806

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