Home Loans - Fixed and Adjustable
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HRCCU helps our members to buy and keep their homes. Our mortgages feature competitive rates and member friendly terms. Fixed rate mortgages have rates fixed for the life of the loan. Adjustable Rate Mortgages (ARMs) do not have a fixed interest rate for the life of the loan. The rate adjusts periodically based on an index that changes with the market.
FIXED RATE MORTGAGE LOANS
The interest on the note remains the same through the term of the loan.
The Annual Percentage Rates (A.P.R.s) listed below represent the rates for members who have: a Platinum Credit Rating (credit score of 730+); an active HRCCU checking account and a mortgage loan directly debited from their HRCCU checking account. Other rates and terms available. Click here for disclosure. Dates effective as of 5/25/2011.
$10,000 to $50,000 Over $50,000
LOAN TO VALUE LOAN TO VALUE
TERMS |
Up to 50% LTV†
|
50.01% to 80% LTV† |
80.01% to 90%** LTV† |
90.01% to 95%*** LTV† |
|
Up to 50% LTV† |
50.01% to 80% LTV† |
80.01% to 90%** LTV† |
90.01% to 95%*** LTV† |
5 Years |
4.25% |
5.00% |
5.50% |
6.00% |
3.25% |
4.00% |
4.50% |
5.00% |
|
10 YearsSpecial 1st or 2nd postition |
3.49% |
3.49% |
4.00% |
5.00% |
3.75% |
4.50% |
5.00% |
5.50% |
|
15 Years |
5.25% |
6.00% |
6.50% |
7.00% |
4.25% |
5.00% |
5.50% |
6.00% |
|
20-25 Years |
5.75% |
6.50% |
7.00% |
7.50% |
4.75% |
5.50% |
6.00% |
6.50% |
|
30 Years |
6.00% |
6.75% |
7.25% |
7.75% |
5.00% |
5.75% |
6.25% |
6.75% |
Payment example: $50,000 @ 4.25% for 5 years: $926.48/month
No Active Checking Account Add.......0.25%2nd Position (>50.01% LTV) Add.......2.00%2nd Position (<50% LTV) Add.......1.00%ADJUSTABLE RATE MORTGAGE LOANS
A mortgage loan where the interest rate on the note is periodically adjusted based on a variety of indices.
The Annual Percentage Rates (A.P.R.s) listed below represent the rates for members who have: a Platinum Credit Rating (credit score of 730+); an active HRCCU checking account and a mortgage loan directly debited from their HRCCU checking account. Other rates and terms available. Click here for disclosure.
$10,000 to $50,000 Over $50,000
LOAN TO VALUE LOAN TO VALUE
Terms |
Up to 50% LTV |
50.01% to 80% LTV |
80.01% to 90%* LTV |
90.01% to 95%** LTV |
|
Up to 50% LTV |
50.01%to 80% LTV |
80.01% to 90%* LTV |
90% to 95%** LTV |
5/5 and 5/1 |
3.75% |
4.25% |
4.75% |
5.50% |
|
2.75% |
3.25% |
3.75% |
4.50% |
7/1 |
4.50% |
5.00% |
5.50% |
6.25% |
|
3.50% |
4.00% |
4.50% |
5.25% |
Payment example: $50,000 @ 3.75% for 5 years: $915.20/month
No Active Checking Account Add.......0.25%2nd Position (>50.01% LTV) Add.......2.00%2nd Position (<50% LTV) Add.......1.00%
*A.P.R. listed herein is applicable to eligible members with credit scores of 600+. Other rates and credit scores available. Call for details.
**A.P.R. listed herein is applicable to eligible members with credit scores of 680+. Other rates and credit scores available. Call for details.
