10-Year Fixed Rate Mortgages

A faster way to pay off your home and save!

Featured Rate: 10-Year Fixed

Rates as low as %^*

APR % ^**

Key Benefits of 10-year Fixed Rate Mortgage

A 10-year fixed rate mortgage is a home loan that maintains the same interest rate and monthly principal-and-interest payments over the life of the loan, in this case, ten years.

Fixed rate mortgages come in a variety of lengths, also known as terms. The most common fixed rate mortgage terms are 30 years and 15 years. A 10-year mortgage is paid off over a relatively short period of time, compared to these standard mortgages.

With a 10-year fixed rate mortgage, home buyers not only can pay off their debt sooner, they will also pay less interest *** on the money they borrow. Ten-year loans generally have lower interest rates than longer-term mortgages, plus the interest accrues over a shorter period of time. This can save home buyers thousands of dollars in interest. With a shorter term mortgage, homeowners can also build equity in their home much faster.

Why Bethpage

Largest Credit Union in the Northeast - icon

Bethpage is one of the Largest Credit Unions in the Country

We’ve been Servicing members for over 75 years

No matter where you live, everyone can bank at Bethpage.^[1]

Are you looking to...

Save on interest costs over the life of your loan?

With this low rate and short term, you can reduce the number of payments you make, and save thousands in interest over the life of the loan.

Pay off your debts faster?

Consolidate your current mortgage, credit cards, or other loans into one monthly payment with a lower rate.

Is this right for me? Estimate how much interest you could save!

Mortgage Product	10 Year Fixed	Your Current Mortgage
Mortgage Amount	$100,000
Interest Rate	%
Monthly Payment (Principal + Interest)	$994.72
Original Number of Payments	120
Payments Remaining	120
		Calculate
Remaining Interest	$19,366.76	$82,406.71

Estimated Savings: $63,039.95^[4]

All calculations received by using the calculator tools on this page are estimates only. Contact our mortgage specialists to see your true savings: 1 (855) 445-8540 1 (855) 202-6820

To find out how much you can save, speak with a mortgage specialist.

Get Started

Call: 1 (855) 445-8540

8am to 5:30pm (EST) Monday to Friday

Call: 1 (855) 202-6820

8am to 5:30pm (EST) Monday to Friday

Not only will you be able to pay off your mortgage sooner, you’ll pay less interest on the money you borrow.

Use for purchase or refinance
Lock in a fixed mortgage payment
Build equity faster
Consolidate debt

Bethpage 10-Year Mortgage FAQs.

What are the benefits of a 10-year mortgage?

With a 10-year Fixed Rate Mortgage, you can get a lower rate compared to longer-term mortgages, shorten the term of your existing loan, build equity in your home faster, and save thousands in interest. All of these benefits can help you to consolidate debt, fund a major purchase, like a home improvement or college, or plan for retirement.

How will I know if I can afford the monthly payment of a 10-year mortgage?

A Mortgage Loan Officer will review your monthly income to ensure the 10-year mortgage payment is within qualifying guidelines.

Who is Bethpage Federal Credit Union?

One of the largest Credit Union in the country, serving members for over 75 years.

What's the difference between a Credit Union and a Bank?

Everyday, more and more people are discovering the Credit Union difference from big banks. Bethpage is far superior to banks because we operate solely for the benefit of our member-owners, not shareholders.

Bethpage has been a trusted financial institution for over 75 years. We are one of the largest credit unions in the country providing great rates and low fees locally as well as nationwide.

Who Should Consider a 10-year Fixed Rate Mortgage?

A 10-year fixed mortgage can be used to purchase a home or refinance an existing home loan. Homeowners should consider this type of loan if they:

Have a steady, comfortable, and reliable income, and want to pay off their home quickly
Are close to the end of the lower-rate initial fixed period of an adjustable rate-mortgage and feel confident about paying off the remainder of their home debt in ten years
Owe relatively little on their current loan and would like a cash-out refinance to tap into their home equity, for purposes like paying off high-interest debt or making significant home improvements

The downside of shorter term loans for new home buyers is that they may have to choose between higher monthly payments or a smaller loan. Because they're only spread out over 10 years, the monthly payments on a 10-year fixed mortgage are higher than for a 20- or 30-year mortgage for the same amount. Home buyers should consider whether they want to sacrifice some flexibility in their budget or borrow less.

Getting a 10-year Fixed Mortgage with Bethpage

A 10-year fixed rate mortgage offers a range of options and benefits for homebuyers and those looking to refinance their homes. Weigh your options and think about all of your goals. Our mortgage calculator can help you do the math and see if this type of mortgage might work for your financial picture.

Our Bethpage mortgage representatives are happy to answer any questions and help you with all the facts and advice you need to make this important decision. Just enter a few pieces of information to get the conversation started.

Member Experiences

I loved that everything was done online, I didn’t need to take a day off until closing day. …All the people I interacted with at Bethpage were absolutely amazing and patient, thank you for making the whole loan process stress free and smooth.

Kelly C.
Member since July 2012

I felt very comfortable and confident with my choice of Bethpage . My loan officer… treated me like a person not a number gave me the info I needed and then some I didn't know I needed. I am completely satisfied. He responded to my calls and emails quickly and always had an answer. He also kept me up to date. I have had a great experience so far.

Maria F.
Member since October 2017

Bethpage credit union did an amazing job at getting a mortgage approval for me in a short amount of time. With less hassle than the previous bank I was using before I switched.

Ryan M.
Member since October 2017

* Rates assume the property is an existing single-family home used as a primary residence, a Loan to Value (LTV) ratio of 80% or less on a purchase mortgage, or an LTV of 75% or less on a refinance mortgage, and a credit score of 720 or above. Payment Example: At a 2.5% interest rate, a $300,000 loan amount will have 120 monthly payments of $2,828.10 of principal and interest. This payment does not include amounts for taxes, nor insurance (actual payments will be greater).

** APR = Annual Percentage Rate. The APR is the cost of credit over the term of the loan expressed as an annual rate.

***Savings may vary and are not guaranteed.

All loan terms are subject to credit and loan program requirements (applicants may be offered credit at higher rates and other terms). Certain loan programs may not be available to all applicants. Loans above 80% LTV may require private mortgage insurance (PMI). Bethpage does not offer residential mortgage loans in Texas. To obtain a loan, membership at Bethpage is required by opening a $5.00 savings account at or prior to loan consummation. Rates, loan programs, terms, and conditions are subject to change without notice. Other restrictions and limitations apply. Please contact a Mortgage Specialist for more information and to discuss how we may help with your specific lending needs.

[1] Membership requires a $5 minimum share account.