Mortgage & Home Equity Rates

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

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

- 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%

- Manufactured Home Loans 80% LTV or under 

          - 10-year term- older than 20 years 

          - 15-year term- up to 20 years

¹  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

- 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 loans NOT applicable for Mobile Homes 

NMLS# 609016

- 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