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Loan Program Highlights September 2, 2010
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Fixed Rate Programs
(Primary Residence and Second Homes Only)
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Loan Type
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Fixed Rate
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Points
|
APR
|
Estimated payment per $100,000
borrowed includes principal &
interest only. Taxes & insurance
will increase your payment.
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Conforming
(Loan Amounts to $417,000)Compare Competitors' Rates
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30 Year
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4.125%
4.250%
4.375%
4.490%
|
2.000%
1.250%
0.625%
0.000%
|
4.35%
4.41%
4.49%
4.55%
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$484.65
$491.94
$499.29
$506.09
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20 Year
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3.875%
3.990%
4.125%
4.375%
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2.000%
1.500%
1.000%
0.000%
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4.19%
4.24%
4.32%
4.45%
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$599.41
$605.45
$612.59
$625.92
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15 Year
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3.490%
3.625%
3.750%
3.990%
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2.000%
1.500%
1.000%
0.000%
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3.89%
3.95%
4.00%
4.09%
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$714.39
$721.04
$727.22
$739.19
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10 Year
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3.490%
3.625%
3.750%
3.990%
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2.000%
1.500%
1.000%
0.000%
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4.06%
4.09%
4.11%
4.13%
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$988.39
$994.72
$1,000.61
$1,011.98
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Conforming High Cost Area Loans
(Loan Amounts From $417,001 to $729,750)
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30 Year
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4.375%
4.490%
4.625%
4.875%
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2.000%
1.500%
1.000%
0.000%
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4.57%
4.64%
4.74%
4.90%
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$499.29
$506.09
$514.14
$529.21
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15 Year
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3.875%
3.990%
4.125%
4.375%
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2.000%
1.500%
1.000%
0.000%
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4.21%
4.25%
4.31%
4.42%
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$733.44
$739.19
$745.97
$758.62
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Non-Conforming - Level 1
(Loan Amounts From $729,751 to $1 Million)
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30 Year
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4.875%
4.990%
5.125%
5.375%
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2.000%
1.500%
1.000%
0.000%
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5.07%
5.14%
5.23%
5.39%
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$529.21
$536.21
$544.49
$559.97
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15 Year
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4.625%
4.750%
4.875%
5.125%
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2.000%
1.500%
1.000%
0.000%
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4.96%
5.01%
5.05%
5.15%
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$771.40
$777.83
$784.30
$797.32
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Non-Conforming - Level 2
(Loan Amounts From $1,000,001 to $1.5 Million)
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30 Year
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4.875%
4.990%
5.125%
5.375%
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2.000%
1.500%
1.000%
0.000%
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5.06%
5.13%
5.22%
5.39%
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$529.21
$536.21
$544.49
$559.97
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15 Year
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4.625%
4.750%
4.875%
5.125%
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2.000%
1.500%
1.000%
0.000%
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4.95%
5.00%
5.05%
5.14%
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$771.40
$777.83
$784.30
$797.32
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Non-Conforming - Level 3
(Loan Amounts $1,500,001 to $2 Million)
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30 Year
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4.875%
4.990%
5.125%
5.375%
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2.250%
1.750%
1.250%
0.250%
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5.08%
5.15%
5.24%
5.41%
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$529.21
$536.21
$544.49
$559.97
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15 Year
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4.625%
4.750%
4.875%
5.125%
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2.250%
1.750%
1.250%
0.250%
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4.98%
5.03%
5.08%
5.18%
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$771.40
$777.83
$784.30
$797.32
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APR = Annual Percentage Rate
APR Assumptions:
APRs are calculated using loan amounts of $200,000 for Conforming, $500,00 for High Cost Area Loan Limit, $750,000 for Non-Conforming Level 1, $1,150,000 for Non-Conforming Level 2 and $1,650,000 for Non-Conforming Level 3, include 15 days accrued interest and $1,352 in upfront fees, and assume monthly repayment and a maximum loan-to-value of 80%. Mortgage rates listed apply only in certain conditions. Loan rates depend on several factors/assumptions. A loan's final rate will depend on financial market conditions, specific characteristics of the loan transaction and applicant's credit profile up to the time of closing. All rates are subject to change at any time without prior notice. The Credit Union offers many additional mortgage loan programs. For more information, contact a Real Estate Loan Specialist at (800) 328-LFCU, option 2, anytime day or night.
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Adjustable Rate Programs
(Primary Residence and Second Homes Only)
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| |
Loan Type
|
Start Rate
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Points
|
APR
|
Estimated payment per $100,000 †
borrowed includes principal &
interest only. Taxes & insurance
will increase your payment.
|
Conforming
(Loan Amounts to $417,000)
30-Year Term
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1 Year Adj*
5/1 Adj*
7/1 Adj*
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2.750%
3.375%
3.750%
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1.000%
1.000%
1.000%
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3.12%
3.19%
3.42%
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$408.24
$442.10
$463.12
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1 Year Adj*
3/1 Adj*
5/1 Adj*
7/1 Adj*
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3.490%
3.990%
3.750%
4.250%
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0.000%
0.000%
0.000%
0.000%
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3.10%
3.18%
3.24%
3.58%
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$448.49
$476.84
$463.12
$491.94
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Conforming High Cost Area Loans
(Loan Amounts $417,001 to $729,750)
30-Year Term
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1 Year Adj*
3/1 Adj*
5/1 Adj*
7/1 Adj*
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4.490%
3.625%
3.625%
4.375%
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1.000%
1.000%
1.000%
1.000%
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3.23%
3.15%
3.25%
3.69%
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$506.09
$456.05
$456.05
$499.29
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1 Year Adj*
3/1 Adj*
5/1 Adj*
7/1 Adj*
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5.375%
4.125%
4.125%
4.875%
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0.000%
0.000%
0.000%
0.000%
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3.25%
3.18%
3.34%
3.86%
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$559.97
$484.65
$484.65
$529.21
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Non-Conforming - Level 1
(Loan Amounts $729,751 to $1 Million)
30-Year Term
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1 Year Adj*
3/1 Adj*
5/1 Adj*
7/1 Adj*
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4.750%
3.875%
4.125%
4.375%
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1.000%
1.000%
1.000%
1.000%
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3.24%
3.20%
3.42%
3.69%
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$521.65
$470.24
$484.65
$499.29
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3/1 Adj*
5/1 Adj*
7/1 Adj*
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4.375%
4.625%
4.875%
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0.000%
0.000%
0.000%
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3.23%
3.52%
3.85%
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$499.29
$514.14
$529.21
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Non-Conforming - Level 2
(Loan Amounts $1,000,001 to $1.5 Million)
30-Year Term
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1 Year Adj*
3/1 Adj*
5/1 Adj*
7/1 Adj*
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4.750%
3.875%
4.125%
4.375%
|
1.000%
1.000%
1.000%
1.000%
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3.24%
3.19%
3.41%
3.68%
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$521.65
$470.24
$484.65
$499.29
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3/1 Adj*
5/1 Adj*
7/1 Adj*
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4.375%
4.625%
4.875%
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0.000%
0.000%
0.000%
|
3.23%
3.51%
3.84%
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$499.29
$514.14
$529.21
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Non-Conforming - Level 3
(Loan Amounts $1,500,001 to $2 Million)
30-Year Term
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1 Year Adj*
3/1 Adj*
5/1 Adj*
7/1 Adj*
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4.750%
3.875%
4.125%
4.375%
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1.000%
1.000%
1.250%
1.250%
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3.24%
3.19%
3.43%
3.70%
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$521.65
$470.24
$484.65
$499.29
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3/1 Adj*
5/1 Adj*
7/1 Adj*
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4.375%
4.625%
4.875%
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0.000%
0.250%
0.250%
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3.22%
3.53%
3.86%
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$499.29
$514.14
$529.21
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APR Assumptions:
APRs are calculated using loan amounts of $200,000 for Conforming, $500,000 for High Cost Area Loan Limit, $750,000 for Non-Conforming Level 1, $1,150,000 for Non-Conforming Level 2 and $1,650,000 for Non-Conforming Level 3, include 15 days accrued interest and $1,352 in upfront fees, and assume monthly repayment and a maximum loan-to-value of 80%. Mortgage rates listed apply only in certain conditions. Loan rates depend on several factors/assumptions. A loan's final rate will depend on financial market conditions, specific characteristics of the loan transaction and applicant's credit profile up to the time of closing. Adj* = Adjustable Rate Index tied to 1-Year Constant Maturity Treasury (CMT) Security. All rates are subject to change at any time without prior notice. The Credit Union offers many additional mortgage loan programs. For more information, contact a Real Estate Loan Specialist at (800) 328-LFCU, option 2, anytime day or night.
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Indices
1 Year CMT: 0.260
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† P&I Payment subject to change after 1st Interest Adjustment. |
Special Promotions
Adjustable Rate Programs Three Year Fixed (3/1 ARM)
Conforming Loan for Purchase Only for your Primary Residence
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3/1 ARM
Loan-to-Value
up to 75%
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Initial Interest Rate
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APR
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Fully Indexed Rate
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Maximum Interest Rate
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Months to First Rate Adjustment
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2.99%
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3.03%
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2.975%
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8.99%
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36
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| Payment Stream |
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Payment Months
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Principal and Interest
does not include taxes and insurance
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Rate
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1-36
37-359
360
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$421.06
$420.33
$419.29
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2.99%
2.98%
2.98%
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3/1 ARM
Loan-to-Value
starting at
75.01% to 80.00%
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Initial Interest Rate
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APR
|
Fully Indexed Rate
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Maximum Interest Rate
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Months to First Rate Adjustment
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3.49%
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3.14%
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2.975%
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9.49%
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36
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| Payment Stream |
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Payment Months
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Principal and Interest
does not include taxes and insurance
|
Rate
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1-36
37-359
360
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$448.49
$422.54
$421.49
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3.49%
2.98%
2.98%
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APR Assumptions:
APRs are calculated using loan amounts of $200,000 for Conforming
Loans. Estimated payments are per $100,000 borrowed. Includes 15 days accrued interest and $1,352 in upfront fees, and assume monthly repayment. Mortgage rates listed apply only in certain conditions. Loan rates depend on several factors/assumptions. A loan's final rate will depend on financial market conditions, specific characteristics of the loan transaction and applicant's credit profile up to the time of closing.
Index tied to 1-Year Constant Maturity Treasury (CMT) Security. All rates are subject to change at any time without prior notice. The Credit Union offers many additional mortgage loan programs. For more information, contact a Real Estate Loan Specialist at (800) 328-LFCU, option 2, anytime day or night.
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Indices
1 Year CMT: 0.260
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† P&I Payment subject to change after 1st Interest Adjustment. |
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Special Programs
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1 - 4 Unit Non-Owner Occupied Program
(Investment Properties) Purchase/Rate & Term Refinance
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Loan Type
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Rate
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**Points
(Up to 75.00% LTV)
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30 Due in 15
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3.990%
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1.50pts
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15 Year Fixed
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3.990%
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1.50pts
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30 Due in 7
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3.740%
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1.50pts
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30 Due in 5
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3.490%
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1.50pts
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*Add-on fees will apply for all cash-out refinance transactions. Maximum 70% LTV allowed for cash-out refinance. **Additional fee of 1.0% will be added to above points for all cash-out refinance transactions. Maximum 70% LTV allowed for cash-out refinance.
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Rates are accurate as of the above date, and are subject to change.
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