When are home equity loans tax deductible?
When you’re shopping for a mortgage, you don’t want guesses; you want today’s numbers.
View current Choice One mortgage rates in real time, compare options, and get a quick quote. You’ll find rates for:
- Home purchases and refinances
- Fixed-rate and adjustable-rate mortgages
- Conventional, adjustable, FHA, VA, PHFA, USDA, and construction loans
From there, you can start an application or get a quick quote, whatever feels like the right next step for you.
Benefits of financing your home with Choice One
Your mortgage is more than a rate, it’s a long-term relationship. When you finance through Choice One, you’re working with a local credit union that understands NEPA’s housing market and keeps your best interest at heart.
Our mortgages offer:
- Competitive fixed and adjustable rates
- Financing up to 95% loan-to-value (LTV)
- No-points program available
- Terms up to 30 years
- Low closing costs
- FHA mortgages with down payments as low as 3.5%
In many cases, mortgage interest may be tax-deductible, which can further reduce your overall cost of borrowing.***
***Always check with your tax advisor. Whether your mortgage interest is tax-deductible depends on your individual tax situation.
What can affect the mortgage rate you receive?
The rate you see online is a starting point. Your actual rate is based on a mix of:
- Market conditions – Overall interest rate trends and economic factors
- Your credit profile – Credit history, score, and existing debt
- Loan type and term – Fixed vs. adjustable, conventional vs. FHA/VA/PHFA/USDA, and how many years you choose
- Down payment and LTV – How much you put down and how much you’re borrowing compared to the home’s value
- Occupancy and property type – Primary residence, second home, or investment property; single-family vs. multi-unit
When you apply, our mortgage team reviews these factors with you so you understand why you qualify for a certain rate and how small changes, like adjusting your term or down payment, might impact your monthly payment.
Thinking about refinancing your current mortgage?
If you already have a home loan with another lender, it might make sense to see what refinancing with Choice One could do for you.
Refinancing could help you:
- Lower your monthly payment by securing a more favorable rate or extending your term
- Pay off your mortgage sooner by choosing a shorter term
- Switch from an adjustable-rate mortgage to a fixed rate for more predictability
- Potentially reduce the total interest you pay over the life of your loan
By moving your mortgage to Choice One, you keep your home financing with a local credit union that knows NEPA and is focused on long-term member relationships, not just one transaction.
How to get started
You can move at the pace that feels right for you:
- View today’s rates: Start by clicking “View Mortgage Rates” to see current options for purchases and refinances.
- Apply or get a quick quote online: Use our secure online mortgage application to get pre-approved or start a full application at a time that works for you.
- Talk with a local Mortgage Advisor: Prefer a conversation? Call or visit any Choice One branch in Plains Township, Wilkes-Barre, Hazleton, Old Forge, or Kingston and ask to speak with our mortgage team. We’ll walk through your goals, budget, and the numbers together.
From first-time buyers to long-time homeowners, we’re here to help you match the right mortgage with the right rate for your next move.
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About Choice One
We serve more than 13,000 members (and counting) throughout Pennsylvania. If you live, work, worship, go to school or own a business entity in Luzerne, Lackawanna or Wyoming Counties, you are eligible to join. So, stop in today and see the difference at Choice One!
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