Real Estate Loan Rates
First Responder & Veteran Fixed Rate Mortgage Special Rates
| Term | Rate | APR | Payment Example/$1,000 |
|---|---|---|---|
| 30 Years | 5.990% | 6.047% | 360 monthly payments of $5.99 (30 years) |
*APR = Annual Percentage Rate. APRs subject to change. All payment examples do not include taxes and insurance, therefore actual payment will be greater. Payment example based on a loan with 0 points and 20% down payment. Other rates and terms are available and may apply based on individual credit score. Applicant must be a First Responder and/or Veteran and eligible for BFCU membership. 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 may apply for jumbo mortgage products up to $1,500,000. Purchase and non-BFCU refinances only.
Payment example: 30-year mortgage for a $100,000 loan at 6.047% APR, monthly payment per $1,000 is $5.99/month for 360 months.
Mortgages - Adjustable Rates
| Type | Rate | APR | Fully Indexed Rate | Initial Payment Example/$1,000 | Remaining Payment Example/$1,000 |
|---|---|---|---|---|---|
| 5/1 ARM* | 5.350% | 6.555% | 7.250% | 60 monthly payments of $5.58 (Initial 5 Years) | 300 monthly payments of $6.67 (Remaining 25 Years) |
| 7/1 ARM** | 5.600% | 6.459% | 7.250% | 84 monthly payments of $5.74 (Initial 7 Years) | 276 monthly payments of $6.63 (Remaining 23 Years) |
All payment examples do not include taxes and insurance, therefore actual payment will be greater. APR = Annual Percentage Rate. APR's subject to change. Other rates and terms are available and may apply based on individuals 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. Existing BFCU loans are not eligible
(5/1) *Adjustable rate and payment example is fixed for the first 5 years; then adjusts every 1 year to 3% above the weekly average yield on the 1-year U.S. Treasury Constant Maturity Index. Interest rate cap of 2% per adjustment and 6% over the life of the loan apply. Floor rate 4%.
(7/1)**Adjustable rate and payment example is fixed for the first 7 years; then adjusts every 1 year to 3% above the weekly average yield on the 1-year U.S. Treasury Constant Maturity Index. Interest rate cap of 2% per adjustment and 6% over the life of the loan apply. Floor rate 4%.
Mortgages - Fixed Rates
| Term | Rate | APR | Payment Example/$1,000 |
|---|---|---|---|
| 30 Years* | 7.000% | 7.061% | 360 monthly payments of $6.65 (30 years) |
| 15 Years* | 6.250% | 6.346% | 180 monthly payments of $8.57 (15 years) |
| 10 Year** | 5.875% | 6.010% | 120 monthly payments of $11.04 (10 years) |
| 5 Year** | 5.750% | 6.004% | 60 monthly payments of $19.22 (5 years) |
*All payment examples do not include taxes and insurance, therefore actual payment will be greater. APR = Annual Percentage Rate. APRs 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 may apply for jumbo mortgage products up to $1,500,000 for the 30 and 15 year fixed mortgage.
**All payment examples do not include taxes and insurance, therefore actual payment will be greater. APR = Annual Percentage Rate. APRs 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.
Veteran Mortgage Rates
| Term | Rate | APR | Payment Example/$1,000 |
|---|---|---|---|
| 30 Years | 7.250% | 7.312% | 360 monthly payments of $6.82 (30 years) |
All payment examples do not include taxes and insurance, therefore actual payment will be greater. APR = Annual Percentage Rate. APRs 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. Must be a first time home buyer. Must be able to provide proof of being a veteran. Up to 100% financing available. 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 may apply for jumbo mortgage products up to $1,500,000.
Investment Property Mortgage Rates
| Type | Initial Term | Rate | APR | Fully Indexed Rate | Initial Payment Example/$1,000 | Remaining Payment Example/$1,000 |
|---|---|---|---|---|---|---|
| 3/3 ARM* | 3 Years | 7.500% | 7.549% | 7.500% | 36 monthly payments of $6.99 (3 years) | 324 monthly payments of $6.98 (27 years) |
| 5/3 ARM** | 5 Years | 7.625% | 7.604% | 7.500% | 60 monthly payments of $7.08 (5 years) | 300 monthly payments of $6.99 (25 years) |
All payment examples do not include taxes and insurance, therefore actual payment will be greater. APR = Annual percentage rate. APRs 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 25% 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 weekly 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.
**Adjustable rate and payment example is fixed for the first 5 years; then adjusts every 3 years to 3.50% above the weekly 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 Mortgage Rates
| Term | Rate | APR | Payment Example/$1,000 |
|---|---|---|---|
| 1st Mortgage - 30 Years | 7.000% | 7.061% | 360 monthly payments of $6.65 (30 years) |
| 2nd Mortgage - 20 Years | 7.500% | 7.513% | 240 monthly payments of $8.06 (20 years) |
All payment examples do not include taxes and insurance, therefore actual payment will be greater. APR = Annual Percentage Rate. APRs 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. Special restrictions apply. For details, please contact the loan department.