Home Equity Loan Sale!
Rates as low as 2.75% APR!!!
Variable Home Equity Line of Credit
Very LOW variable rates – Prime minus 0.50% (rate changes quarterly)- Floor rate is 0% and the cap rate is 18%
Current prime rate is 3.25%.
Fixed Rate Home Equity Loan Sale Rates
| Product |
APR |
| 20 Yr Fixed Rate Home Equity |
5.75% |
| 15 Yr Fixed Rate Home Equity |
5.50% |
| 10 Yr Fixed Rate Home Equity |
5.25% |
| 6 – 9 Year Fixed Rate Home Equity |
5.00% |
| 5 Yr Fixed Easy Equity |
4.50% |
| 5 Year Balloon Home Equity |
4.75% |
* Maximum loan to value up to 90% for qualified borrowers. Investment Properties up to 75% loan to value; maximum terms of 15 years.
First Mortgages
Get a $400 credit towards closing costs!
All rates are effective as ofThursday, March 11, 2010 and are subject to change daily. Rates are based on a 30 day lock. A 0.50% origination fee will be applied to all Mortgage loans.
Maximum conforming loan amounts of $729,750 in qualifying areas. Call for details.
40 Year Fixed Rate – Conforming Loan Amounts up to $417,000
| Rate |
Points |
APR |
| 5.750 |
0.00 |
5.789 |
| 5.625 |
0.25 |
5.683 |
| 5.500 |
0.75 |
5.596 |
| 5.375 |
1.25 |
5.508 |
| 5.250 |
1.75 |
5.420 |
| 5.125 |
2.25 |
5.332 |
30 Year Fixed Rate – Conforming Loan Amounts up to $417,000
| Rate |
Points |
APR |
| 5.250 |
0.00 |
5.295 |
| 5.125 |
0.25 |
5.192 |
| 5.000 |
0.75 |
5.111 |
| 4.875 |
1.25 |
5.030 |
| 4.750 |
1.75 |
4.948 |
| 4.625 |
2.25 |
4.866 |
|
|
|
20 Year Fixed Rate – Conforming Loan Amounts up to $417,000
| Rate |
Points |
APR |
| 5.000 |
0.00 |
5.060 |
| 4.875 |
0.25 |
4.965 |
| 4.750 |
0.75 |
4.899 |
| 4.625 |
1.25 |
4.834 |
| 4.500 |
1.75 |
4.768 |
| 4.375 |
2.25 |
4.702 |
|
|
|
15 Year Fixed Rate – Conforming Loan Amounts up to $417,000
| Rate |
Points |
APR |
| 4.625 |
0.00 |
4.700 |
| 4.500 |
0.25 |
4.613 |
| 4.375 |
0.75 |
4.563 |
| 4.250 |
1.25 |
4.513 |
| 4.125 |
1.75 |
4.464 |
| 4.000 |
2.25 |
4.414 |
|
|
|
5/25 Balloon Rate – Conforming Loan Amounts up to $417,000
| Rate |
Points |
APR |
| Not Available |
|
|
7/23 Balloon Rate – Conforming Loan Amounts up to $417,000
| Rate |
Points |
APR |
| 5.000 |
0 |
5.088 |
| 4.875 |
.25 |
4.985 |
| 4.750 |
.75 |
4.904 |
| 4.625 |
1.25 |
4.822 |
| 4.500 |
1.75 |
4.739 |
| 4.375 |
2.25 |
4.657 |
1 YR ARM – Conforming Loan Amounts up to $417,000
| Rate (rate) |
Points (points) |
APR (apr) |
| 3.375 |
0 |
3.455 |
| 3.250 |
.25 |
3.350 |
| 3.125 |
.75 |
3.265 |
| 3.000 |
1.25 |
3.179 |
| 2.875 |
1.75 |
3.093 |
| 2.750 |
2.25 |
3.006 |
3/1 YR ARM – Conforming Loan Amounts up to $417,000
NON-CONVERTIBLE 2/2/6 MARGIN 2.75
| Rate |
Points |
APR |
| 4.125 |
0 |
4.209 |
| 4.000 |
.25 |
4.105 |
| 3.875 |
.75 |
4.021 |
| 3.750 |
1.25 |
3.937 |
| 3.625 |
1.75 |
3.852 |
| 3.500 |
2.25 |
3.768 |
5/1 YR ARM – Conforming Loan Amounts up to $417,000
NON-CONVERTIBLE 2/2/5 MARGIN 2.75
| Rate |
Points |
APR |
| 4.375 |
0 |
4.460 |
| 4.250 |
.25 |
4.356 |
| 4.125 |
.75 |
4.273 |
| 4.000 |
1.25 |
4.190 |
| 3.875 |
1.75 |
4.106 |
| 3.750 |
2.25 |
4.022 |
7/1 YR ARM – Conforming Loan amounts up to $417,000
| RATE |
POINTS |
APR |
| 5.125 |
0 |
5.214 |
| 5.000 |
.25 |
5.111 |
| 4.875 |
.75 |
5.030 |
| 4.750 |
1.25 |
4.948 |
| 4.625 |
1.75 |
4.866 |
| 4.500 |
2.25 |
4.784 |
10/1 YR ARM – Conforming Loan Amounts up to $417,000
| Rate (rate) |
Points (points) |
APR (apr) |
| 5.375 |
0 |
5.466 |
| 5.250 |
.25 |
5.363 |
| 5.125 |
.75 |
5.282 |
| 5.000 |
1.25 |
5.201 |
| 4.875 |
1.75 |
5.120 |
| 4.750 |
2.25 |
5.038 |
30 Year Fixed Rate Jumbo – Conforming Loan Amounts from $417,001.(From $729,751 in qualifying areas.)
| Rate |
Points |
APR |
| 5.500 |
0.00 |
5.545 |
| 5.375 |
0.25 |
5.443 |
| 5.250 |
0.75 |
5.363 |
| 5.125 |
1.25 |
5.282 |
| 5.000 |
1.75 |
5.201 |
| 4.875 |
2.25 |
5.120 |
|
|
|
|
|
|
15 Year Fixed Rate Jumbo- Conforming
Loan Amounts from $417,001. (From $729,751 in qualifying areas.)
| Rate |
Points |
APR |
| 4.875 |
0.00 |
5.027 |
| 4.750 |
0.25 |
4.940 |
| 4.625 |
0.75 |
4.891 |
| 4.500 |
1.25 |
4.842 |
| 4.375 |
1.75 |
4.739 |
| 4.250 |
2.25 |
4.745 |
|
|
|
Rates are based on an LTV of 80% and owner occupied properties. Rates and terms may differ and rate adjustments may apply based on the qualifications of each member’s credit history and income, loan-to-value (LTV), occupancy, loan purpose, payment type and loan amount. All APRs do not include the 0.50% origination fee. APR calculations are based on loan amount up to $417,000 plus points. APR calculations for jumbo loans are based on loan amount over $417,001 plus points. Private Mortgage Insurance is required for all loans above 80% loan to value. A charge of $50.00 for all pre-approvals.*
Primary Residential Properties:
Purchases are available for up to 95% maximum financing on Single Family Dwellings for qualified borrowers; 90% on all condos; 75% on 1-4 Unit Dwellings. Refinances are available for up to 90% maximum financing. Cash out refinances are available for up to 85% maximum financing and require additional pricing adjustments based on the qualifications of each member’s credit score, credit history and income, loan-to-value (LTV), occupancy, loan purpose, payment type, and loan amount.
Investment Properties:
Purchases are available for up to 70% maximum financing. Cash out refinances are available for up to 70% maximum financing some restrictions apply. Contact the Credit Union for details. Interest rates will be 1% higher than conventional rates. Maximum term is 15 years.
