Loan Rates Effective
April 1, 2013
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 |
5.99% |
| Secured New & Used 36 months
Rates as low as |
2.99% |
| Secured New & Used 48 months
Rates as low as |
3.50% |
| Secured New & Used 60 months
Rates as low as |
3.99% |
| Secured New 72 months Rates as
low as |
4.25% |
Secured
loans are collateralized by automobiles, boats, RVs, motorcycles, etc.
Call for specific terms on secured loans. New Cars 100% of
purchase price (2012 and 2013) with less than 10001 miles on the odometer) and Used
Cars 90% of purchase price (2007-2013) with more than 10,000 miles on the
odometer). Financing for vehicles older than 2007 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 next to 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
$100,000 Max Loan
$5,000 Minimum Loan |
Up to 80% LTV |
Up to 5 years
5 to 10 years
10 to 15 years
|
2.50%
3.25%
3.50% |
Home Equity
Line of Credit
$100,000 Max Loan
$5,000 Minimum Loan
Applicant pays closing costs |
Up to 80% LTV |
7 Year Draw Period
7 Year Repayment Period |
3.99% |
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
|
5.99%
6.50% |
First Mortgage Loan Rates
Effective April 1, 2013
| Type |
Amount Financed |
APR * |
Points |
| 10 Year First Mortgage |
Up to 75% LTV |
2.75% ** |
0.00% |
| 15 Year First Mortgage |
Up to 75% LTV |
3.10% ** |
0.00% |
| 20 Year First Mortgage |
Up to 75% LTV |
3.75% ** |
0.00% |
| 30 Year First Mortgage |
Up to 80% LTV |
3.99% ** |
0.00% |
| $300,00 MAXIMUM
$20,000 MINIMUM
10 to 30 YEAR terms |
* Rates and terms subject to change
without notice * * APR can be higher in
uncommon cases because of m extraordinary processing fees.
Actual rate is based on your credit
history & credit bureau score. |
ESTIMATED MOST COMMON
COSTS OF FIRST MORTGAGE
APPRAISAL $370
FLOOD INSURANCE DETERMINATION $18
CREDIT REPORT $26
ATTORNEY FEES $500
RECORDING FEES $300
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
Effective
November 1,
2012 |
|
Description |
Rate (1) |
Annual
Percentage
Yield
(1) |
| Regular Shares |
.15% |
.15% |
| Share Draft (Checking) |
.05% |
.05% |
| Christmas Clubs |
.15% |
.15% |
| Vacation Clubs |
.15% |
.15% |
| Special Purpose |
.15% |
.15% |
| Loan Payments Shares |
.15% |
.15% |
| IRA |
.15% |
.15% |
|
IRA and Term
Share Certificate Rates
Effective January 15, 2013 |
|---|
Description
|
Rate (1) |
Annual
Percentage
Yield
(1) |
| 12 Months |
.40% |
.401% |
| 24 Months |
.60% |
.601% |
| 36 Months |
.90% |
.903% |
| 48 Months |
1.25% |
1.257% |
| 60 Months |
1.35% |
1.358% |
| 72 Months |
1.75% |
1.764% |
| 120 Months |
2.00% |
2.018% |
(1)
All rates and or terms are subject to change without
prior notice.
Please contact the credit union for the
most current rates.
Minimum CD $1000 & $500 increments thereafter.
Free life Insurance
on loans up to $20,000 Per member.
Amount of Certificate Early
Withdrawal Penalty
- For Term Share Certificate and
IRA Certificates of 36 months or less - 60 days dividends
- For Term Share Certificate and
IRA Certificates of 48 and 60 months - 90 days dividends
- For Term Share Certificate and
IRA Certificates of 72 months - 180 days dividends
- For Term Share Certificate and
IRA Certificates of 120 months - 270 days dividends
   
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