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 Real Estate Loan Rates

Mortgage - Fixed Rates
Term Rate APR Payment Example Per $1,000
30 Yrs 4.375% 4.45% $4.99/Month for 360 months
15 Yrs 3.375% 3.49% $7.09/Month for 180 months
10 Yrs 3.25% 3.42% $9.77/Month for 120 months
5 Yrs 3.125% 3.44% $18.02/Month for 60 months
All payment examples do not include taxes and insurance, therefore actual payment will be greater.

Annual Percentage rates effective 2/19/14 and subject to change. Other rates and terms are available and may apply based on individual credit score. Payment examples based on a loan with 0 points and 20% down payment. Closing costs apply to the above rates. All loans are subject to credit approval and may be subject to secondary market rate adjustments. Higher rates apply for jumbo mortgage products up to $600,000 for the 30 and 15 year fixed mortgage. Maximum loan amount is $200,000 for the 5 and 10 year fixed mortgage.


Mortgage - 5 and 10 Year Fixed Rate, No Points, No Closing Costs
Term Rate APR Payment example per $1,000
10 Yrs 3.75% 3.75% $10.01/Month for 120 months
5 Yrs 3.625% 3.625% $18.25/Month for 60 months
All payment examples do not include taxes and insurance, therefore actual payment will be greater.

Annual percentage rates effective 2/19/14 and subject to change. Other rates and terms are available and may apply based on individual credit score. Payment examples based on a loan with 0 points, 0 closing costs and 20% down payment. Members will be required to pay pre-paid interest and fund a real estate escrow account at closing. All loans are subject to credit approval. Maximum loan amount is $200,000. Not applicable for existing loans.


5/1 Adjustable Rate Mortgage (Rescue Mortgage)
5/1 ARM Initial
Term
Rate
Remaining
Term
Fully Indexed
Rate
APR Payment Example per
$1,000
5 Yrs 4.00% 25 Yrs 4.125% 4.15% 60 monthly payments of $4.77
300 monthly payments of $4.84
All payment examples do not include taxes and insurance, therefore actual payment will be greater.

Annual percentage rates effective 2/19/14 and subject to change. Other rates and terms are available and may apply based on individual credit score. Payment examples based on a loan with 0 points. Closing costs apply to the above rates. All loans are subject to credit approval. The interest on the portion of the credit extension that is greater than the fair market value of the dwelling is not tax deductible for federal income tax purposes. The consumer should consult a tax advisor for further information regarding the deductibility of interest and charges.

Adjustable rate and payment example is fixed for the first 5 years; then adjusts every 1 year to 4% above the monthly average yield on the 1 year U.S. Treasury Index. Interest rate caps of 2% per adjustment and 6% over the life of the loan apply.


3/3 Adjustable Rate Mortgage
3/3 ARM Initial
Term
Rate Remaining
Term
Fully Indexed Rate APR Payment Example per $1,000
3 Yrs 3.50% 27 Yrs 3.625% 3.66% 36 monthly payments of $4.49
324 monthly payments of $4.55
All payment examples do not include taxes and insurance, therefore actual payment will be greater.

Annual percentage rates effective 2/19/14 and subject to change. Other rates and terms are available and may apply based on individual credit score. Payment examples based on a loan with 0 points and 20% down payment. Closing costs apply to the above rates. All loans are subject to credit approval.

Adjustable rate and payment example is fixed for the first 3 years; then adjusts every 3 years to 3% above the monthly average yield on the 3 year U.S. Treasury Index. Interest rate cap of 2% per adjustment and 6% over the life of the loan apply.


3/3 Adjustable Rate Mortgage (Investment Property)
3/3 ARM Initial
Term
Rate Remaining
Term
Fully Indexed
Rate
APR Payment Example per
$1,000
3 Yrs 4.00% 27 Yrs 4.125% 4.17% 36 monthly payments of $4.77
324 payments of $4.84
All payment examples do not include taxes and insurance, therefore actual payment will be greater.

Annual percentage rates effective 2/19/14 and subject to change. Other rates and terms are available and may apply based on individual credit score. Payment examples based on a loan with 0 points and 20% down payment. Closing costs apply to the above rates. All loans are subject to credit approval.

Adjustable rate and payment example is fixed for the first 3 years; then adjusts every 3 years to 3.50% above the monthly average yield on the 3 year U.S. Treasury Index. Interest rate cap of 2% per adjustment and 6% over the life of the loan apply.



5/5 Adjustable Rate Mortgage
5/5 ARM Initial
Term
Rate Remaining
Term
Fully Indexed Rate APR Payment Example per
$1,000
5 Yrs 3.75% 25 Yrs 4.50% 4.30% 60 monthly payments of $4.63
300 monthly payments of $5.01
All payment examples do not include taxes and insurance, therefore actual payment will be greater.

Annual percentage rates effective 2/19/14 and subject to change. Other rates and terms are available and may apply based on individual credit score. Payment examples based on a loan with 0 points and 20% down payment. Closing costs apply to the above rates. All loans are subject to credit approval.

Adjustable rate and payment example is fixed for the first 5 years; then adjusts every 5 years to 3% above the monthly average yield on the 5 year U.S. Treasury Index. Interest rate cap of 2% per adjustment and 6% over the life of the loan apply.

5/3 Adjustable Rate Mortgage (Investment Property)
5/3 ARM Initial
Term
Rate Remaining
Term
Fully Indexed
Rate
APR Payment Example per
$1,000
5 Yrs 4.25% 25 Yrs 4.125% 4.24% 60 monthly payments of $4.92
300 monthly payments of $4.86
All payment examples do not include taxes and insurance, therefore actual payment will be greater.

Annual percentage rates effective 2/19/14 and subject to change. Other rates and terms are available and may apply based on individual credit score. Payment examples based on a loan with 0 points and 20% down payment. Closing costs apply to the above rates. All loans are subject to credit approval.

Adjustable rate and payment example is fixed for the first 5 years; then adjusts every 3 years to 3.50% above the monthly average yield on the 3 year U.S. Treasury Index. Interest rate cap of 2% per adjustment and 6% over the life of the loan apply.


Piggyback Fixed Rates
Term Rate APR Payment Example
per $1,000
1st Mortgage - 30 Yrs 4.375% 4.45% $4.99/Month for 360 months
2nd Mortgage - 20 Yrs 4.875% 4.91% $6.53/Month for 240 months
All payment examples do not include taxes and insurance, therefore actual payment will be greater.

Annual Percentage rates effective 2/19/14 and subject to change. Other rates and terms are available and may apply based on individual credit score. Payment examples based on a loan with 0 points and as low as 5% down payment. Closing costs apply to the above rates. All loans are subject to credit approval and may be subject to secondary market rate adjustments. Higher rates apply for jumbo mortgage products up to $600,000. Special restrictions apply. For details, please contact the loan department.


Home Equity Line of Credit (Variable)
Rate APR Payment Example
per $1,000
Based on 10 year amortization schedule 4.00% 4.00% $2.34/Week
Maximum borrowing amount is $200,000 based on 80% loan to value. Minimum initial advance is $5,000. Subsequent minimum advances are $2,500. Minimum payment will be calculated on a 10 year amortization schedule. Variable APR is subject to change without notice. Maximum APR is capped at 16.00%. Minimum APR is 4.00%. Insurance is required. No pre-payment penalties.

The annual percentage rate is based on the value of an index. The index is the prime rate published in the Money Rates column of the Wall Street Journal. When a range of rates has been published the highest rate will be used. We will use the most recent index value available to us as of 1 day before the date of any annual percentage rate adjustment.

Rate effective April 1, 2014.

Home Equity Line of Credit Payment Example
Loan Amount APR Weekly Payment # of Weekly Payments Total of Payments
$100,000 Based on 10 year amortization schedule 4.00% $233.28 520 $121,305.55


100% Home Equity Line of Credit - (Variable)
Rate APR Payment Example per $1,000
Based on 10 year amoritzation schedule 5.50% 5.50% $2.50/week
Maximum borrowing amount is $175,000 based on 100% loan to value. Minimum initial advance is $5,000. Subsequent minimum advances are $2,500. Minimum payment will be calculated on a 10 year amortization schedule. Variable APR is subject to change without notice. Maximum APR is capped at 16.00%. Minimum APR is 5.50%. Insurance is required. No pre-payment penalties.

The annual percentage rate is based on the value of an index. The index is the prime rate published in the Money Rates column of the Wall Street Journal. When a range of rates has been published the highest rate will be used. We will use the most recent index value available to us as of 1 day before the date of any annual percentage rate adjustment.

Rate effective April 1, 2014.

100% Home Equity Line of Credit Payment Example
Loan
Amount
APR Weekly
Payment
# of Weekly
Payments
Total of
Payments
$100,000Based on 10 year amortization schedule5.50% $249.95520 $129,969.65



Don't forget, payments are easy at BFCU. You can utilize payroll deduction, direct deposit (ACH), set up an automatic payment from your BFCU account, or use our convenient Home Banking feature. And there are never any prepayment penalties.