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MSUFCU | Rates | Home Loans

Home Loan Rates

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First Mortgage 2

Rates Effective as of July 23, 2016

Conventional Mortgages Fixed

Rate

APR 1

Points

30 Year

as low as 3.500%

3.565%

0%

20 Year

as low as 3.375%

3.465%

0%

15 Year

as low as 3.000%

3.116%

0%

10 Year

as low as 2.875%

3.043%

0%

Jumbo Mortgages Fixed

Rate

APR 1

Points

30 Year

as low as 3.625%

3.641%

0%

20 Year

as low as 3.500%

3.522%

0%

15 Year

as low as 3.125%

3.153%

0%

10 Year

as low as 3.000%

3.040%

0%

Adjustable-Rate Mortgages 3

Rate

APR 1

Points

5/1

as low as 3.250%

TBD

0%

3/1

as low as 2.750%

TBD

0%

Home Equity 4

Last Updated Friday, July 01, 2016 06:12 AM EDT

Home Equity Line of Credit Variable Rate

APR 1

Up to 70% Loan-to-Value

as low as 3.500%

Up to 80% Loan-to-Value

as low as 4.000%

Up to 90% Loan-to-Value

as low as 4.500%

Home Equity Fixed Rate

APR 1

Up to 70% Loan-to-Value up to 60 months

as low as 3.750%

Up to 70% Loan-to-Value up to 120 months

as low as 4.000%

Up to 70% Loan-to-Value up to 180 months

as low as 4.250%

Up to 80% Loan-to-Value up to 60 months

as low as 4.000%

Up to 80% Loan-to-Value up to 120 months

as low as 4.500%

Up to 80% Loan-to-Value up to 180 months

as low as 5.000%

Up to 90% Loan-to-Value up to 60 months

as low as 4.500%

Up to 90% Loan-to-Value up to 120 months

as low as 5.000%

Up to 90% Loan-to-Value up to 180 months

as low as 5.500%

Home Improvement 5

Last Updated Friday, July 01, 2016 06:12 AM EDT

Unsecured Home Improvement Loan

APR 1

Up to 36 months

as low as 5.900%

37 to 48 months

as low as 6.150%

49 to 60 months

as low as 6.400%

61 to 120 months

as low as 6.650%

121 to 180 months

as low as 8.900%


What Will My Mortgage Payment Be?
Value of the home: $

Down Payment Amount: $

Loan Amount: $

Mortgage Term (in years):

Interest Rate (APR): %

Annual Property Tax:

Annual Homeowner's Insurance: $

     

Please provide all fields for the most accurate result.

1 Stated loan rates are available to members with qualifying credit scores. Actual rates may be higher and will be determined by a member's individual credit score and collateral if applicable. Actual loan term may vary and will be determined based on member's individual credit history and ability to pay. All loans subject to credit approval.

2 Mortgage Loan Terms

Rates are available for Fixed-Rate Mortgages, Jumbo Mortgages and Adjustable-Rate Mortgages. Rates are based on credit score, Loan-to-Value ratio and the term of the loan. All loans are subject to credit approval. All rates subject to change without notice.

Conventional Mortgage APRs are based on $100,000.00 and Jumbo APRs based on $417,000.00 and points indicated and does not include prepaid finance charges.

Fixed 60-day rate lock.

There is a $795 origination fee to process the mortgage loan. Rates can be locked at your request, once a complete application has been submitted. This must include a property address.

3 Adjustable-Rate Mortgage

Adjustable-Rate and Jumbo Adjustable-Rate Mortgages are variable and your APR may increase after the original rate period. Your rate will depend on your credit score, the Loan-to Value ratio and the term of the loan.

Rates are based on credit history, so your rate may differ from rate(s) listed above. All loans are subject to credit approval.

4 Home Equity Loan Terms

Home Equity Loans are for Primary residences and vacation homes located in the state of Michigan. Consult with a reliable tax advisor about the deductibility of home equity loan interest. MSUFCU will acquire a security interest in your home and if timely repayment is not made, your home could be subject to loss.

Home Equity Fixed Rate loan is a Fixed-Rate loan. Your rate will depend on your credit score, the Loan-to-Value ratio and the term of the loan.

Home Equity Line of credit is a Variable-Rate loan. Your rate will depend on your credit score and Loan-to-Value ratio. This product has a variable-rate that is based on the market rates (prime plus margin). Your margin will be between 2.00% and 7.00% APR. Your overall rate (prime plus margin) will never fall below 2.00%APR, nor will it exceed 18.00% APR, Market rates are subject to MSUFCU's Rate.

Minimum rate is 2.00% APR and will never fall below 2.00% APR. Depending on your credit score and Loan-to-Value ratio, the minimum rate can be between 2.00% APR and 7.00% APR.

Appraisal is required and is paid for by the member.

There are no origination fees for properties located in Michigan. Any time an appraisal is required for the subject property, the cost will be the borrower's responsibility. Any special offer does not apply to the cost of the appraisal.

If the Home Equity Fixed Rate loan will be in the first lien position and the loan amount is over $100,000, this loan will be processed as a first mortgage refinance and the mortgage loan terms and rates will apply.

5 Home Improvement Loan

Home Improvement Loans are available for Home Improvement purposes and does not involve security in your home.

6 These informative and interactive calculators are made available to you as self-help tools for your independent use. We do not guarantee their accuracy or applicability to your circumstances. These tools are not intended to provide investment, legal, tax or accounting advice. All examples are hypothetical and for illustrative purpose only. All calculations are based on user inputs and do not reflect any guarantee of expected savings or tax advantages. All user input is private and secure. We don't collect any of the personal information that you provide or save any of the outputs. All loans are subject to approval and credit terms may vary. You may wish to consult a reliable financial advisor.

Credit-Life and Disability Insurance are available to borrowers when a loan is made, or when they are granted an advance on a line-of-credit or VISA account. Premiums are added to the loan balance each month and can be calculated in monthly payments.

 

MSUFCU Routing Number: 272479663
MSUFCU SWIFT Code: MSUCUS44

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