Loan Rates

Documentation needed to expedite loan processing

General Consumer
Home Equity Line of Credit
Second Mortgage Loans

     
Consumer Loan Type APR *
Personal Signature Rates as low as 7.99%
Secured New & Used 36 months Rates as low as 3.99%
Secured New & Used 48 months Rates as low as 4.25%
Secured New & Used 60 months Rates as low as 4.49%
Secured New 72 months Rates as low as 4.99%

Secured loans are collateralized by automobiles, boats, RVs, motorcycles, etc.   Call for specific terms on secured loans.   New Cars 90% of purchase price  (2008 & 2007 with less than 10000 miles on the odometer) and Used Cars 90% of purchase price (2001-2008 with more then 10,000 miles on the odometer).    Financing for vehicles older than 2001 available at personal signature rates.  Maximum Used Car loan $35,000, maximum New Car Loan $50,000.  The secured amount of financing is limited to NADA book value and not sales contract.

Advertised rates are our lowest available.  Your actual rate will be determined by your credit history, term of loan, age of security, and such other requirements as set forth in Credit Union Policies.

* APR  = Annual Percentage Rate.  All rates subject to change without notice.

Type Amount Financed Repayment Period APR *
Second Mortgages 
Applicant pays closing costs
$75,000 Maximum Loan
$6,000 Minimum Loan
Up to 80% LTV Up to 5 years
5 to 10 years
10 to 15 years
 
4.75%
5.35%
5.75%

 

Home Equity
Line of Credit
$75,000 Maximum Loan
$5,000 Minimum Loan

Applicant pays closing costs
Up to 80% LTV 7 Year Draw Period
7 Year Repayment Period
5.75%
Home Improvement
(Estimates must be presented)
Up to $7,500
Up to $20,000 with multiple borrowers
Up to 36 Months
37 to 60 Months
7.99%
8.50%

First Mortgage Loan Rates

Type Amount Financed APR * Points
15 Year First Mortgage Up to 80% LTV 4.99% ** 0.00%
30 Year First Mortgage Up to 80% LTV 5.35% ** 0.00%
$300,00 MAXIMUM

$20,000 MINIMUM

5 to 30 YEAR terms

* Rates subject to change without notice

* * APR can be higher in uncommon cases because of m extraordinary processing fees.

ESTIMATED MOST COMMON COSTS OF FIRST MORTGAGE

DOCUMENT DELIVERY FEE $5.00
APPRAISAL $250
PROCESSING $225
FLOOD INSURANCE DETERMINATION $22
CREDIT REPORT $42
ATTORNEY FEES $500
RECORDING FEES $78
WIRE TRANSFER FEE $10
TITLE INSURANCE (BASED ON VALUE OF PROPERTY)
FLOOD INSURANCE (BASED ON VALUE OF PROPERTY)

Note that these costs are estimated and your costs will vary if the property has any special conditions, unusual circumstances, or extraordinary factors.

Savings Rates

Description

Rate *

Annual
Percentage
Yield *
Regular Shares 1.00% 1.004%
Share Draft (Checking) 0.50% 0.50%
Christmas Clubs 1.00% 1.004%
Vacation Clubs 1.00% 1.004%
Special Purpose 1.00% 1.004%
Loan PaymentsShares 1.00% 1.004%
IRA 1.00% 1.004%

IRA and Term Share Certificate Rates

Description

Rate (1)

Annual
Percentage
Yield (1)
6 Months 1.50% 1.51%
12 Months 1.75% 1.76%
24 Months 2.00% 2.01%
36 Months 2.25% 2.27%
48 Months 2.50% 2.52%
60 Months 3.00% 3.04%
(1) All rates and or terms are subject to change without prior notice. Please contact the credit union for the most current rates.

Free life Insurance on loans up to $20,000 Per member.

   


© Connecticut State Police Credit Union. All rights reserved. Privacy Policy