Mortgage Rates

 
Interest Rates Certified by Datatrac


First Mortgage Rates

Term Rate Annual Percentage Rate*
30 Year 4.250% 4.274%
20 Year 4.000% 4.033%
15 Year 3.500% 3.542%
10 Year 3.500% 3.542%
 

For other rates & terms, please contact us.


*The annual percentage rate (APR) is based on a $150,000 loan amount, which includes 20% down payment, application fee, appraisal fee, credit report fee, etc. The annual percentage rate (APR) is an interest rate that is different from the note rate. The APR is designed to measure the "true cost of a loan". This includes some costs/fees associated when obtaining a mortgage loan. It is not used to calculate payments. The interest rate, along with the term of the loan is used to calculate a payment. However, strictly relying on the comparisons of the APR amongst lenders may not always be a good way to determine the overall cost/fee associated with a mortgage. There are other costs/fees that are not included in the APR. By obtaining good faith estimates from lenders, which itemize all the costs/fees, assuming the same interest rate and loan term, a true comparison may be made when determining the lowest cost/fee associated with a mortgage.

Home Equity Line of Credit Rates

Term Rate Annual Percentage Rate* Loan to Value
10 Year Variable 4.750% 4.750% 80%  LTV
10 Year Variable 5.250% 5.250% 90%  LTV
  • Maximum line of credit available is 90% of the appraisal value less the first mortgage balance
  • Minimum loan amount is $5000.
  • Advances can be obtained during the first five years
  • Payment term is ten years
  • Low closing costs & processing fee
  • No prepayment penalty
  • Interest rate locked in at time of application
  • Variable rate, based on prime rate.
    • Caps are 2 & 6
    • Rate will not increase more than 2% each year and not to exceed 6% during the term of the loan.

Additional information for Home Equity Line of Credit is available.

Fixed Rate Home Equity Loan Rates

Term Rate Annual Percentage Rate* Loan to Value
10 Year Fixed 5.000% 5.000% 80%  LTV
10 Year Fixed 5.250% 5.250% 90%  LTV
  • Maximum loan amount available is 90% of the appraisal value less the first mortgage balance
  • Minimum loan amount is $5000.
  • Low closing costs & processing fee

New members are required to open a primary share savings account with a minimum deposit of $5.00.

*Rates effective as of 03/08/2017 and are subject to change anytime.