Real Estate Loans

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1ST MORTGAGE LOANS

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Loan Rates as of August 5, 2020
ProgramTermRateAPR 2PointsPayment Example
Fixed Rate10 Year2.500%2.835%0$1,885.40
Fixed Rate15 year2.500%2.729%0$1,333.58
Fixed Rate20 year 12.750%2.928%0$1,084.33
Fixed Rate30 year 12.875%3.001%0$829.78
FHA15 year 13.875%4.267%0$1,333.01
FHA30 year 14.125%4.768%0$1,113.23
VA15 year 13.750%4.237%0$1,462.42
VA30 year 14.000%4.525%0$957.61
Jumbo15 year 32.99%3.204%1$4,140.60
Jumbo15 year 43.250%3.319%0$4,216.01
Jumbo 30 year 53.500%3.623%1$2,697.29
Jumbo30 year 63.750%3.926%0$2,778.96
ARM5/12.625%3.399%0$803.30
ARM7/1 12.750%3.409%0$816.48

Contact the Real Estate Department at 800.252.6950 for additional information.

NMLS# 384759. Rates, terms and conditions are subject to change and vary based on creditworthiness, qualifications and collateral conditions. All loans subject to approval.


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The Annual Percentage Rate (APR) is based on 70% LTV, $200,000 loan amount, Single Family Residence, 45 day lock period.

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Additional terms available.

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Jumbo Loan APR calculation is based on a 15-year fixed-rate mortgage in the amount of $600,000 for the purchase of a single-family, primary residence with 80% loan-to-value (LTV) or 20% down payment, minimum borrower credit score of 740, and estimated points of 1% of the loan amount and origination fee.

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Jumbo Loan APR calculation is based on a 15-year fixed-rate mortgage in the amount of $600,000 for the purchase of a single-family,primary residence with 80% loan-to-value (LTV) or 20% down payment, minimum borrower credit score of 740, and estimated points of 0% of the loan amount and origination fee.

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Jumbo Loan APR calculation is based on a 30-year fixed-rate mortgage in the amount of $600,000 for the purchase of a single-family,primary residence with 80% loan-to-value (LTV) or 20% down payment, minimum borrower credit score of 740, and estimated points of 1% of the loan amount and origination fee.

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Jumbo Loan APR calculation is based on a 30-year fixed-rate mortgage in the amount of $600,000 for the purchase of a single-family,primary residence with 80% loan-to-value (LTV) or 20% down payment, minimum borrower credit score of 740, and estimated points of 0% of the loan amount and origination fee.

HOME EQUITY LINE OF CREDIT (HELOC)

Loan Rates as of August 5, 2020
Line of Credit LimitAPR 1
Up to 80% LTV | $10,000-$24,999.99PrimeCurrently at 4.00%
Up to 80% LTV | $25,000-$99,999.99Prime minus .51%Currently at 4.00%
Up to 80% LTV | $100,000 and abovePrime minus 1.01%Currently at 4.00%
Up to 90% LTV | $10,000-$25,000Prime plus 1.00%Currently at 4.25%
Up to 90% LTV | $25,001 - $50,000Prime plus 1.50%Currently at 4.75%
Up to 70% LTV | Non-Owner Occupied | $10,000 - $100,000Prime plus 3.00%Currently at 6.25%

APR= Annual Percentage Rate. Rates, terms and conditions are subject to change and may vary based on creditworthiness, qualifications and collateral conditions. All loans subject to approval.


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The Annual Percentage Rate may vary after the account is opened. HELOC has a floor rate of 4.00% APR and the maximum rate that may be imposed is 17.00% APR. Closing costs vary by state and range from $250 - $750, available for properties in IL, IN, and NV only. Credit Union 1 will pay the closing fees associated with the setup of the loan. If a HELOC is closed within 24 months from the open date, a fee reimbursement applies for costs associated to setup the loan.

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