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 |
6.25% |
| 15 Yr Fixed Rate Home Equity |
6.00% |
| 10 Yr Fixed Rate Home Equity |
5.75% |
| 6 – 9 Year Fixed Rate Home Equity |
5.50% |
| 5 Yr Fixed Easy Equity |
5.00% |
| 5 Year Balloon Home Equity |
5.25% |
* Loan to value (LTV) up to 80% for qualified borrowers. Loans with LTVs of 81% or more will be priced at 1% above the existing loan rate. Investment Properties up to 75% loan to value; maximum terms of 15 years.
First Mortgages
All rates are effective as ofThursday, September 02, 2010 and are subject to change daily. Rates are based on a 30 day lock. A 0.50% origination fee and a $150 processing 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 |
| 5.000 |
0.00 |
5.037 |
| 4.875 |
0.25 |
4.929 |
| 4.750 |
0.75 |
4.840 |
| 4.625 |
1.25 |
4.750 |
| 4.500 |
1.75 |
4.660 |
| 4.375 |
2.25 |
4.57 |
30 Year Fixed Rate – Conforming Loan Amounts up to $417,000
| Rate |
Points |
APR |
| 4.500 |
0.00 |
4.543 |
| 4.375 |
0.25 |
4.439 |
| 4.250 |
0.75 |
4.356 |
| 4.125 |
1.25 |
4.273 |
| 4.000 |
1.75 |
4.190 |
| 3.875 |
2.25 |
4.106 |
|
|
|
20 Year Fixed Rate – Conforming Loan Amounts up to $417,000
| Rate |
Points |
APR |
| 4.375 |
0.00 |
4.434 |
| 4.250 |
0.25 |
4.338 |
| 4.125 |
0.75 |
4.271 |
| 4.000 |
1.25 |
4.204 |
| 3.875 |
1.75 |
4.137 |
| 3.750 |
2.25 |
4.070 |
|
|
|
15 Year Fixed Rate – Conforming Loan Amounts up to $417,000
| Rate |
Points |
APR |
| 4.000 |
0.00 |
4.074 |
| 3.875 |
0.25 |
3.986 |
| 3.750 |
0.75 |
3.935 |
| 3.625 |
1.25 |
3.884 |
| 3.500 |
1.75 |
3.833 |
| 3.375 |
2.25 |
3.782 |
|
|
|
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 |
| 4.000 |
0 |
4.042 |
| 3.875 |
.25 |
3.937 |
| 3.750 |
.75 |
3.853 |
| 3.625 |
1.25 |
3.769 |
| 3.500 |
1.75 |
3.684 |
| 3.375 |
2.25 |
3.599 |
1 YR ARM – Conforming Loan Amounts up to $417,000
| Rate (rate) |
Points (points) |
APR (apr) |
| 2.500 |
0 |
2.542 |
| 2.375 |
.25 |
2.420 |
| 2.250 |
.75 |
2.351 |
| 2.125 |
1.25 |
2.260 |
| 2.000 |
1.75 |
2.138 |
| 1.875 |
2.25 |
2.093 |
3/1 YR ARM – Conforming Loan Amounts up to $417,000
NON-CONVERTIBLE 2/2/6 MARGIN 2.75
| Rate |
Points |
APR |
| 3.000 |
0 |
3.039 |
| 2.875 |
.25 |
2.934 |
| 2.750 |
.75 |
2.847 |
| 2.625 |
1.25 |
2.761 |
| 2.500 |
1.75 |
2.674 |
| 2.375 |
2.25 |
2.587 |
5/1 YR ARM – Conforming Loan Amounts up to $417,000
NON-CONVERTIBLE 2/2/5 MARGIN 2.75
| Rate |
Points |
APR |
| 3.750 |
0 |
3.791 |
| 3.625 |
.25 |
3.686 |
| 3.500 |
.75 |
3.601 |
| 3.375 |
1.25 |
3.517 |
| 3.250 |
1.75 |
3.431 |
| 3.125 |
2.25 |
3.346 |
7/1 YR ARM – Conforming Loan amounts up to $417,000
| RATE |
POINTS |
APR |
| 4.000 |
0 |
4.016 |
| 3.875 |
.25 |
3.945 |
| 3.750 |
.75 |
3.856 |
| 3.625 |
1.25 |
3.768 |
| 3.500 |
1.75 |
3.666 |
| 3.375 |
2.25 |
3.608 |
10/1 YR ARM – Conforming Loan Amounts up to $417,000
| Rate (rate) |
Points (points) |
APR (apr) |
| 4.500 |
0 |
4.555 |
| 4.375 |
.25 |
4.439 |
| 4.250 |
.75 |
4.355 |
| 4.125 |
1.25 |
4.261 |
| 4.000 |
1.75 |
4.166 |
| 3.875 |
2.25 |
4.114 |
30 Year Fixed Rate Jumbo – Conforming Loan Amounts from $417,001.(From $729,751 in qualifying areas.)
| Rate |
Points |
APR |
| 4.875 |
0.00 |
4.919 |
| 4.750 |
0.25 |
4.815 |
| 4.625 |
0.75 |
4.733 |
| 4.500 |
1.25 |
4.651 |
| 4.375 |
1.75 |
4.569 |
| 4.250 |
2.25 |
4.486 |
|
|
|
|
|
|
15 Year Fixed Rate Jumbo- Conforming
Loan Amounts from $417,001. (From $729,751 in qualifying areas.)
| Rate |
Points |
APR |
| 4.375 |
0.00 |
4.450 |
| 4.250 |
0.25 |
4.362 |
| 4.125 |
0.75 |
4.312 |
| 4.000 |
1.25 |
4.262 |
| 3.875 |
1.75 |
4.211 |
| 3.750 |
2.25 |
4.161 |
|
|
|
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 (PMI) is required for loans above 80% loan to value. PMI can be waived with a rate increase of 0.50%. 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.
