Fixed 

A.P.R. = Annual Percentage Rate. $10,000-$417,000 -  up to 95% financing available: Members must credit qualify and be in-good-standing. Rates are listed in annual percentage rate (A.P.R.) and include up to 95% financing.  Other rates and terms are available.  Minimum amount borrowed is $10,000; maximum $417,000.  Terms up to 30 years or 360 months.  HRCCU will pay a portion of the closing costs and member will be responsible for any fees that are not paid by HRCCU. If your home equity is paid off within 36 months, all closing costs HRCCU paid on behalf of the member will be added to the loan payoff amount.  Closing costs you may be required to pay are estimated at $1,500 for a $3,000 loan up to $8,000 for a $417,000 loan.  Mortgage tax varies slightly by county but could be estimated at $10 for every $1,000 borrowed. Additional fees, including but not limited to: appraisal, recording, attorney, title, etc. NOTE:  Home equity loan financing may be tax deductible. Consult your tax professional about deductibility in your situation.

5/1 Adjustable Rate Mortgage (ARM) 

A.P.R. = Annual Percentage Rate.  A.P.R. listed herein is applicable on a 5/1 adjustable rate mortgage (ARM) loan to value (LTV) of 50% with HRCCU in first position as lien holder and assumes applicant has a credit score of 730+.  Eligible members must credit qualify and have automatic payments made from an HRCCU share draft checking account.  Checking account must remain active otherwise HRCCU may increase the A.P.R. by .25%.  Annual percentage rate is fixed for 5 years and reprices annually thereafter.  The A.P.R. cannot increase more than 2% per change period and not more than 6% over the initial A.P.R. during the life of the loan. Other A.P.R.s and terms available. Rates/terms subject to change without notice.  This loan offer is available on new home loans or existing HRCCU home loans when $10,000+ is added to the existing loan balance.  HRCCU will pay a portion of closing costs and member will be responsible for any fees over this amount that are not paid by HRCCU. Mortgage tax varies slightly by county but could be estimated at $10 for every $1,000 borrowed. Additional fees, including but not limited to: appraisal; recording; attorney; title; etc. will vary depending on loan amount and type.  Member may qualify for a one time rate relock prior to the expiration of the initial term for a fee of $500.  The relock rate will be the prevailing HRCCU A.P.R. that member qualifies for at time of relock.  The minimum loan amount available is $50,000 and maximum $417,000.  If your home loan is paid off within 60 months, all closing costs paid by HRCCU will be added to the loan payoff amount. Closing costs you may be required to repay are estimated at $2,500 for a $50,000 loan up to $8,000 for a $417,000 loan. NOTE: Home loan financing may be tax deductible. Consult your tax professional about deductibility in your situation.

5/5 Adjustable Rate Mortgage (ARM)

*A.P.R. = Annual Percentage Rate.  A.P.R. listed herein is applicable on a 5/5 adjustable rate mortgage (ARM) loan to value (LTV) less than 50% with HRCCU in first position as lien holder and assumes applicant has a credit score of 730+.  Eligible members must credit qualify and have automatic payments made from an HRCCU share draft checking account.  Checking account must remain active otherwise HRCCU may increase the A.P.R. by .25%.  Annual percentage rate is fixed for 5 years and reprices every five years thereafter.  The A.P.R. cannot increase more than 2% per 5-year adjustment period and not more than 6% over the initial A.P.R. during life of the loan. Other A.P.R.s and terms available. Rates/terms subject to change without notice.  This loan offer is available on new home loans or existing HRCCU home loans when $10,000+ is added to the existing loan balance.  HRCCU will pay a portion of closing costs and member will be responsible for any fees over this amount that are not paid by HRCCU. Mortgage tax varies slightly by county but could be estimated at $10 for every $1,000 borrowed. Additional fees, including but not limited to: appraisal; recording; attorney; title; etc. will vary depending on loan amount and type.  Member may qualify for a one time rate relock prior to the expiration of the initial term for a fee of $500.  The relock rate will be the prevailing HRCCU A.P.R. that member qualifies for at time of relock.  The minimum loan amount available is $50,000 and maximum $417,000.  If your home loan is paid off within 60 months, all closing costs paid by HRCCU will be added to the loan payoff amount. Closing costs you may be required to repay are estimated at $2,500 for a $50,000 loan up to $8,000 for a $417,000 loan. NOTE: Home loan financing may be tax deductible. Consult your tax professional about deductibility in your situation.

7/1 Adjustable Rate Mortgage (ARM)

*A.P.R. = Annual Percentage Rate.  A.P.R. listed herein is applicable on a 7/1 adjustable rate mortgage (ARM) loan to value (LTV) of 50% with HRCCU in first position as lien holder and assumes applicant has a credit score of 730+.  Eligible members must credit qualify and have automatic payments made from an HRCCU share draft checking account.  Checking account must remain active otherwise HRCCU may increase the A.P.R. by .25%.  Annual percentage rate is fixed for 7 years and reprices annually thereafter.  The A.P.R. cannot increase more than 2% per change period and not more than 6% over the initial A.P.R. during the life of the loan. Other A.P.R.s and terms available.  Rates/terms subject to change without notice.  This loan offer is available on new home loans or existing HRCCU home loans when $10,000+ is added to the existing loan balance.  HRCCU will pay a portion of closing costs and member will be responsible for any fees that are over this amount that are not paid by HRCCU. Mortgage tax varies slightly by county but could be estimated at $10 for every $1,000 borrowed. Additional fees, including but not limited to: appraisal; recording; attorney; title; etc. will vary depending on loan amount and type.  Member may qualify for a one time rate relock prior to the expiration of the initial term for a fee of $500.  The relock rate will be the prevailing HRCCU A.P.R. that member qualifies for at time of relock.  The minimum loan amount available is $50,000 and maximum $417,000.  If your home loan is paid off within 60 months, all closing costs paid by HRCCU will be added to the loan payoff amount. Closing costs you may be required to repay are estimated at $2,500 for a $50,000 loan up to $8,000 for a $417,000 loan. NOTE: Home loan financing may be tax deductible. Consult your tax professional about deductibility in your situation.

Rev. 2/16/11.