First-Time Homebuyer Mortgage

9. APR: Annual Percentage Rate. Rates and terms based on credit criteria. Credit restrictions apply. Fixed 6.125% rate/ 6.078% APR for the first five years. The interest rate is current as of 1/10/2025. No Private Mortgage Insurance. Up to 100% LTV for purchases. Minimum loan amount is $50,000 and maximum loan amount is $726,200. 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 first time home buyers only. Loan must be for borrowers’ first home purchase or they have not owned a home in the last three years. Borrower must have a credit score of 640 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 6.125% rate/ 6.078%APR and 100% loan-to-value (LTV) is $1,215.22. Payments are estimates and include only principal and interest. 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 15 years, the maximum possible payment is $1,454.99. 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. Some restrictions may apply. This rate is applicable for owner-occupied primary residence purchase of a single-family dwelling. Must be the borrower’s first home purchase or have not owned a home in the last three years. Automatic payment set-up is required. Borrowers must attend a virtual or in person first-time home buyer course. All Credit Union loan programs, rates, terms, and conditions are subject to credit approval and may change at any time without notice. Interest rates are subject to change and are based on credit score, loan product, loan term, loan value, and reserves.