Effective Date: 1/1/20
||Annual Percentage Rate (APR)*
||as low as 2.875%
|15 Year Fixed
||as low as 3.115%
*APR: Annual Percentage Rate. Fixed 2.875% / 3.125% APR for the first five years. The interest rate is current as of January 1, 2020. No Private Mortgage Insurance. Up to 80% LTV for purchases. Maximum loan amount is $484,850. After the five year fixed-rate period, your interest rate is subject to change- up or down according to market rates at the time of reset and each five years thereafter. Offer applies to borrowers with a credit score of 720 or better depending on credit qualifications. All Credit Union loan programs, rates, terms, and conditions are subject to credit approval and may change at any time without notice. The payment on a 30-year, $200,000, 5-year Adjustable-Rate Loan at 2.875% / 3.125% APR and 80% loan-to-value (LTV) is $829.78. Rate is variable and can increase by no more than 2% every 5 years with a lifetime maximum adjustment of 5%. Since the index in the future is unknown, the First Adjustment Payment is based on the current index plus a margin (fully indexed rate) as of the date above. After 5 years, the maximum payment is $1024.00. Property insurance and, if applicable, flood insurance is required. These payments do not include taxes and insurance premiums. The actual payments will be greater and rates provided are based on current market rates, and are informational only. Payments are estimates and include only principal and interest. Some restrictions may apply. This rate is applicable for owner-occupied purchase of a single family dwelling.
**APR: Annual Percentage Rate. Rates and terms based on credit criteria. Credit restrictions apply. Interest rates range from 3.115% to 5.75%. The interest rate charged and the annual percentage rate are constant for the life of the loan. Assuming a $200,000 loan amount, a 15-year term, and a 3.533% APR, you would make monthly payments of $1392.25. Payments are estimates only and only include principle and interest. Minimum/Maximum: The minimum refinance loan amount is $50,000. Interest rates are subject to change and are based on credit score, loan product, loan term, and loan value.