100% FINANCING-First Time Home Buyers Only
| Type | Rate | Effective APR1 | Margin | Per Adj Cap | Lifetime Cap | Index | Floor | Monthly Payment2 |
|---|---|---|---|---|---|---|---|---|
| 100% Financing First Time HB 7y/6m ARM | 6.500% | 6.568% | 2.75% | 2.00% | 5.00% | 4.02% | 3.00% | $1264.14 |
Footnotes
Footnote 1
Annual Percentage Rate (APR) is based on the final loan amount and applicable finance charges.
Footnote 2
Monthly payment examples assume a loan amount of $200,000. All adjustable rates quoted assume a 30 year amortization.
Additional Information
- Residential mortgages are available for 1 - 2, owner occupied family dwellings.
- Private Mortgage Insurance (PMI) may be required.
- Homeowners insurance is required on all residential loans. Flood insurance may be required.
- The rate indicated for adjustable rate mortgages is the initial rate and subject to increase. For example, the 5/6 ARM; the initial rate is fixed for five years and may adjust every 6 months thereafter. Adjustable rates have a lifetime cap of 5% above the initial rate offered, a floor rate of 3% and a per adjustment cap of 2%.
- Other terms and conditions may apply. Please contact the Credit Union for details.
