Real Estate Loans

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1ST MORTGAGE LOANS

Loan Rates as of February 21, 2019
ProgramTermRateAPR 2PointsPayment Example
Fixed Rate10 Year3.750%4.105%0$2,001.22
Fixed Rate15 year3.750%3.996%0$1,454.44
Fixed Rate20 year 14.250%4.445%0$1,238.47
Fixed Rate30 year 14.375%4.518%0$998.57
FHA15 year 14.500%5.365%0$1,630.13
FHA30 year 14.875%5.692%0$1,209.36
VA15 year 14.500%4.868%0$1,549.11
VA30 year 14.875%5.090%0$1,071.65
Jumbo15 year 33.990%4.213%1$3,695.93
Jumbo30 year 43.990%4.115%1$2,384.19
ARM5/1 14.125%4.897%0$969.30
ARM7/1 14.250%4.842%0$983.88

Contact the Real Estate Department at 800.252.6950 for additional information.

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NMLS# 384759. 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 (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 $500,000 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 $500,000 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.

HOME EQUITY LINE OF CREDIT (HELOC)

Loan Rates as of February 21, 2019
Line of Credit LimitAPR 1
Up to 80% LTV | $10,000-$24,999.99PrimeCurrently at 5.50%
Up to 80% LTV | $25,000-$99,999.99Prime minus .51%Currently at 4.99%
Up to 80% LTV | $100,000 and abovePrime minus 1.01%Currently at 4.49%
Up to 90% LTV | $10,000-$25,000Prime plus 1.00%Currently at 6.50%

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.

HOME EQUITY LOANS

Loan Rates as of February 21, 2019
ProgramTermRateAPR
Fixed Rate | Up to 80% LTV – 1st Lien Position, Owner Occupied0 – 60 Months 15.24%5.24%
Fixed Rate | Up to 80% LTV – 1st Lien Position, Owner Occupied61 – 120 Months 25.49%5.49%
Fixed Rate | Up to 80% LTV – 2nd Lien Position, Owner Occupied0 – 60 Months 37.24%7.24%
Fixed Rate | Up to 80% LTV – 2nd Lien Position, Owner Occupied61 – 120 Months 47.49%7.49%
Fixed Rate | Up to 65% LTV – 1st Lien Position, Non-Owner Occupied0 – 60 Months 58.24%8.24%
Fixed Rate | Up to 65% LTV – 1st Lien Position, Non-Owner Occupied61 – 120 Months 68.49%8.49%

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. For any Fixed Rate Home Equity Loan, the borrower is responsible for paying the costs associated wit the setup of the loan. The borrower should consult a tax adviser for further information regarding the deductibility of interest and charges.


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Best Credit Financing Examples: A Home Equity Loan of $50,000 at 5.24% APR for a 60-month term would result in a monthly payment of approximately $945.42. Payment example does not include taxes and insurance premiums, the actual payment obligation will be greater.

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Best Credit Financing Examples: A Home Equity Loan of $50,000 at 5.49% APR for a 120-month term would result in a monthly payment of approximately $540.18. Payment example does not include taxes and insurance premiums, the actual payment obligation will be greater.

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Best Credit Financing Examples: A Home Equity Loan of $50,000 at 7.24% APR for a 60-month term would result in a monthly payment of approximately $996.01. Payment example does not include taxes and insurance premiums, the actual payment obligation will be greater.

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Best Credit Financing Examples: A Home Equity Loan of $50,000 at 7.49% APR for a 120-month term would result in a monthly payment of approximately $593.49. Payment example does not include taxes and insurance premiums, the actual payment obligation will be greater.

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Best Credit Financing Examples: A Home Equity Loan of $50,000 at 8.24% APR for a 60-month term would result in a monthly payment of approximately $1,019.89. Payment example does not include taxes and insurance premiums, the actual payment obligation will be greater.

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Best Credit Financing Examples: A Home Equity Loan of $50,000 at 8.49% for a 120-month term would result in a monthly payment of approximately $619.94. Payment example does not include taxes and insurance premiums, the actual payment obligation will be greater.

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