| |
| Current
Mortgage Rates |
| HUECU offers many types of Real Estate
loans including: First and Second mortgages, Jumbo Loans
and Home Equity Lines of Credit; for purchase or refinancing;
fixed or variable rates.
The rates quoted below are subject to change without
prior notice.
For more information please call (617) 495-1754,
or send email to mortgage@huecu.org
BEST RATES EFFECTIVE July 25, 2008
|
| Fixed Rate
1st Mortgages t |
| No Prepayment Penalties |
| Type of Product |
Rate |
Points |
APR* |
Monthly
Payment |
Maximum
LTV Ratio |
30 Year Fixed
($0 Closing Costs)** |
7.000% |
0 |
7.000% |
$ Payment |
95% |
| 30 Year Fixed |
6.750% |
0 |
6.750% |
$
Payment |
95% |
| 30 Year Fixed |
6.625% |
1 |
6.710% |
$
Payment |
95% |
| 30 Year Fixed |
6.375% |
2 |
6.550% |
$
Payment |
95% |
15 Year Fixed
($0 Closing Costs)** |
6.625% |
0 |
6.625% |
$
Payment |
95% |
| 15 Year Fixed |
6.375% |
0 |
6.375% |
$
Payment |
95% |
| 15 Year Fixed |
6.000% |
1 |
6.140% |
$
Payment |
95% |
| 15 Year Fixed |
5.750% |
2 |
6.050% |
$
Payment |
95% |
| 10 Year Fixed |
6.125% |
0 |
6.125% |
$ Payment |
95% |
| 30 Year Fixed-Jumbo |
7.250% |
0 |
7.250% |
$ Payment |
80% |
| 30 Year Fixed-Jumbo |
7.125% |
1 |
7.210% |
$ Payment |
80% |
| 15 Year Fixed-Jumbo |
6.875% |
0 |
6.875% |
$ Payment |
80% |
| 15 Year Fixed-Jumbo |
6.500% |
1 |
6.640% |
$ Payment |
80% |
*Annual Percentage Rate
Restrictions may apply. Rate lock-in available: one-half
point for 55 day rate lock, credited at closing. Application
fee $150. Appraisal fee $250.00 for single family home;
$450.00 for multi-family home. Mortgages over 80% LTV require
private mortgage insurance.
** $0 Closing Costs - Minimum loan amount $100,000.00. Applies to conforming loans only. Certain restrictions may apply.
Please contact the mortgage department for further details.
$100,000.00 mortgage at 6.750% 0 points for 30 years:
Monthly payment: $648.60
Final payment: $646.42
Total finance charge: $133,493.82
Total repayment amount: $233,493.82
Other Rates and Terms Available
|
Mortgages Under $50,000 - Maximum Term is 15 Years
| Variable Rate
Mortgages (loan amounts up to $1,000,000.00) |
| Type of Product |
Rate |
Points |
APR* |
Monthly
Payment |
Maximum
LTV Ratio |
| 3/1 HLPR ARM # - 30 Years |
5.000% |
0 |
5.012% |
$
Monthly Payment |
97% |
| 3/3 Year ARM - 30 Years |
5.250% |
0 |
5.451% |
$
Monthly Payment |
95% |
| 5/1 Year ARM*** - 30 Years |
5.500% |
0 |
5.202% |
$
Monthly Payment |
95% |
| 5/1 Year ARM JUMBO - 30 Years |
5.875% |
0 |
5.340% |
$
Monthly Payment |
95% |
| FTHB 5/1 Year ARM - 40 Years |
6.375% |
0 |
5.461% |
$
Monthly Payment |
95% |
| 7/1 Year ARM*** - 30 Years |
6.000% |
0 |
5.516% |
$
Monthly Payment |
95% |
| FTHB 7/1 Year ARM - 40 Years |
6.500% |
0 |
7.108% |
$
Monthly Payment |
95% |
*Annual Percentage Rate. Rates may increase.
*** Ask about our "No Point No Closing Cost" (NPNC) Adjustable Rate Mortgage. Certain restrictions apply.
# 3/1 HLPR ARM is geared toward Low-Moderate Income First Time Homebuyers. Conforming loan limits only. 1 and 2 unit properties. No additional rate discount offered.
! Ask about our First-Time Homebuyer Program !
First-time homebuyer discount rate by .125% (discount not available on 3/1 HLPR ARM, 40 year mortgages or NPNC loans.) Rates subject to change.
Restrictions may apply. Rate lock-in available: one-half point for
55 day rate lock, credited at closing. Application fee $150. Appraisal
fee $250 for single family; $450 for multi-family (2-4 family). 95%
LTV available; Mortgages over 80% LTV require private mortgage insurance. |
|
Inquire as to the Rate Lock Options available.
Please call (617) 495-4460 to schedule an appointment.
ALL PROGRAMS ARE SUBJECT TO AVAILABILITY OF FUNDS. Rate
Sheet #3147, September 1999
Copyright © 1997, Harvard University Employees Credit Union
HUECU is an equal opportunity lender. By state law, all applications
for loans must be in writing. Other stipulations may apply. All
rates are subject to change without notice . |
