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Toll FREE: 1-800-642-7328

Mortgage & Home Equity Rates

 

Print Rates

Fixed Rate Mortgages

Updated 8/2/2022

Type of Loan Term
(Approx.)
APR Example Monthly Payment 1
1st Mortgage
 
10 Yr 5.250% $1,072.92
15 Yr 5.500% $817.08
20 Yr 5.750% $702.08
Vacation & 2nd Homes 10 Yr 8.000% $1,213.28
15 Yr 8.250% $1,226.53
20 Yr 8.500% $1,239.86
Bare Land Loan 12 Yr 12.000% $1,434.71
Mobile Home and Land 10 Yr 8.500% $1,239.86
15 Yr 9.000% $1,014.27
20 Yr 9.500% $932.13

¹ Monthly Payment Examples assume a loan amount of $100,000. Taxes and insurance premiums are not calculated into the example which could result in a higher monthly payment.

- All ARM products are based on a 30 year amortization

-  1st Mortgage, Owner occupied

- 80% of Purchase Price or Appraised Value whichever is less

- Greater than 80% LTV requires PMI Insurance

- Vacation Homes/2nd homes are .25% higher and require 20% down payment

- Manufactured Loans minimum down payment 20%, New Home only for ARM's; new and used available for fixed rates

- Escrow may be required

- One to four family primary residence; no commercial property

Adjustable Rate Mortgage rate and payment changes:
The rate indicated for adjustable rate mortgages is the initial rate and is subject to increase
For example; the 5/1 Year ARM will have a constant interest rate for the first five years. Adjustable rates may change annually based on an "Index".
Before each Change Date, we will calculate the new interest rate by adding the "Margin" to the "Current Index". The result will then be rounded to the nearest one-eighth of one percentage point (0.125%) which will be the new rate.
The rate may not adjust more than the "Max Rate change per Period" indicated above on each "Change Date". The total loan adjustment will not adjust more than the Lifetime Cap indicated above over the "Life time Change" of the loan.

NMLS# 609016

Variable Rate Mortgages

Updated 8/2/2022

Type of Loan Initial Rate Index Rate
Change 
Frequency
Margin Max Rate Change
Per Period
 
Max Rate
Life Time 
Change
Floor Monthly 1 Payment Example 
5/1ARM 4.375% 1 YR- TCM annually 2.90% 2.00% 5.00% 5.00% $499.29
5/5 ARM 4.250% 5 YR - TCM every 5 yrs 2.90% 2.00% 5.00% 5.00% $491.94
Mobile Home & Land 5/1 ARM 5.000% 1 YR- TCM annually 4.50% 2.00% 5.00% 5.00% $536.82

¹ Monthly Payment Examples assume a loan amount of $100,000. Taxes and insurance premiums are not calculated into the example which could result in a higher monthly payment.

-  All ARM products are based on a 30 year amortization

- 1st Mortgage, Owner occupied

- 80% of Purchase Price or Appraised Value whichever is less

- Greater than 80% LTV requires PMI Insurance

- Vacation Homes/2nd homes are .25% higher and require 20% down payment

- Manufactured Loans minimum down payment 20%, New Home only for ARM's; new and used available for fixed rates

- Escrow may be required

- One to four family primary residence; no commercial property

Adjustable Rate Mortgage rate and payment changes:
The rate indicated for adjustable rate mortgages is the initial rate and is subject to increase
For example; the 5/1 Year ARM will have a constant interest rate for the first five years. Adjustable rates may change annually based on an "Index".

Before each Change Date, we will calculate the new interest rate by adding the "Margin" to the "Current Index".
The result will then be rounded to the nearest one-eighth of one percentage point (0.125%) which will be the new rate.

The rate may not adjust more than the "Max Rate change per Period" indicated above on each "Change Date".
The total loan adjustment will not adjust more than the Lifetime Cap indicated above over the "Life time Change" of the loan.

NMLS# 609016

Fixed Rate Home Equity Loans

Updated 7/29/22

Type of Loan Term
(Approx.)
APR1 Example 1
Monthly Payment
Fixed Home Equity
LTV 80% or less 
60 months 5.750% $960.84
120 months 6.250% $561.40
180 months 6.750% $442.45

- 90% of appraisal minus balance owing on the 1st lien

- Loans with LTV 81% to 90% at .50% higher

- Member Rewards apply to Fixed Home Equity only.

- When doing an"SFCU pays closing cost" loan, the rates above increase by .50%

Monthly Payment Examples assume a loan amount of $50,000. Taxes and insurance premiums are not calculated into the example which could result in a higher monthly payment.

NMLS# 609016

HELOC

Updated 7/29/22

Type of Loan Initial Rate Margin Index (Prime)
HELOC - 80% or Less LTV 1.990% 0.00% 5.50%
HELOC 81% and Greater LTV 1.990% 0.50% 5.50%

- Index is Prime Rate

- Rate change is Quarterly

- No Floor rate

- Max Rate Interest Rate - 15%

-  HELOC's are based on a 10 year amortization

- Payments are principal and interest with a minimum of $100 monthly

HELOC Rate and payment changes:

The rate indicated for HELOCs is the initial rate and is subject to increase. The HELOC will have a constant interest rate for one year and then can change quarterly based on the index plus the margin

NMLS# 609016

Home Improvement Loan

Updated 7/29/22

Type of Loan Term Rate Monthly Payment Example
Home Improvement Loan 60 months 11.00% $217.42

 

- Junior lien, can be occupied or non owner occupied

- Minimum loan amount $2,500 - Maximum Loan Amount $15,000

1 Monthly Payment Examples assume a loan amount of $10,000 at a 5 year loan term.

NMLS# 609016

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Phone: 877 642-7328

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Local: 607-561-7328, 607-432-1451

Toll Free: 1-800-642-7328

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