Rates & Fees
Real Estate Loan Rates
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|Loan Type||Term in Years||APR*|
|Mortgage Loan Promotion||10||2.800%|
|Maximum debt ratio: 36%; minimum credit score: 660
Maximum LTV 90% for purchase or refinance of primary residence.
|Home Equity Loan Promo||10||3.500%|
|Maximum debt ratio: 40%; minimum credit score: 660
Must be in 1st lien position
$10,000 of the loan amount must be new money to the credit union
|Mortgage, Home Equity and HELOC||Term in Years||APR*|
Maximum LTV on primary residence is 95%
Maximum LTV on 2nd homes is 80%
Maximum CLTV is 80%
Minimum repayment term is 5 yrs.
Minimum Heloc draw period is 5 yrs.
Maximum combined term (inlcuding HELOC draw period)
- 15 yrs. - 2nd lien position
- 20 yrs. - 1st lien position
|Unimproved Property||Term in Years||APR*|
|5||6.25% - 9.25%|
|15||7.25% - 10.25%|
|Maximum loan amount: $50,000
Maximum loan amount: 80% of the sales price or appraised value, whichever is less
|Home Improvement||Term in Years||APR*|
|5||7.75% - 10.75%|
|8||8.25% - 11.25%|
|10||8.75% - 11.75%|
|Collateral does not have to be principal residence
Minimum loan amount: $5,000
Maximum loan amount: lesser of 80% of market value minus any liens or $50,000
Member must hire a general contractor and contractor must complete job with only 90% of funds. The 10% retainage will be released 30 days after we receive a completion certificate from a certified appraiser.
*APR = Annual Percentage Rate.
Some restrictions apply. Rates are subject to change without notice. All of our Real Estate loans have closing costs and they vary depending on the property, type of loan and loan amount. Contact the Real Estate Department if you have questions or for more details.