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Adjustable Rate APR subject to increase after initial discount rate period.
*For example, on a $10,000, 30 year loan with an initial interest rate of 5.000% the maximum amount the interest rate can rise under this program is 5.00 percentage points to 10.000% and the monthly payment can rise from an initial payment of $53.68 to a maximum of $84.70 in the 61st month. To see what your payments would be, divide your mortgage amount by $10,000, then multiply the monthly payment by that amount. For example, the monthly payment for a mortgage amount of $60,000, using the initial interest rate shown above would be: $60,000 / $10,000 = 6; 6 x 53.68 = $322.08 per month. (Margin 2.50, Floor Rate 4.00%, the maximum amount the rate can increase or decrease at each rate change is 2% & the maximum amount the rate can increase over the life of the loan is 5% [Rate Caps], used the 3 year Constant Maturity Treasury Index)
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**For example, on a $10,000, 30 year loan with an initial interest rate of 5.250% the maximum amount the interest rate can rise under this program is 5.00 percentage points to 10.250% and the monthly payment can rise from an initial payment of $55.22 to a maximum of $84.70 in the 85th month. To see what your payments would be, divide your mortgage amount by $10,000, then multiply the monthly payment by that amount. For example, the monthly payment for a mortgage amount of $60,000, using the initial interest rate shown above would be: $60,000 / $10,000 = 6; 6 x 55.20 = $331.30 per month. (Margin 2.50, Floor Rate 4.00%, the maximum amount the rate can increase or decrease at each rate change is 2% & the maximum amount the rate can increase over the life of the loan is 5% [Rate Caps], used the 1 year Constant Maturity Treasury Index)
***For example, on a $10,000, 30 year loan with an initial interest rate of 5.550% the maximum amount the interest rate can rise under this program is 5.00 percentage points to 10.550% and the monthly payment can rise from an initial payment of $56.78 to a maximum of $84.80 in the 109th month. To see what your payments would be, divide your mortgage amount by $10,000, then multiply the monthly payment by that amount. For example, the monthly payment for a mortgage amount of $60,000, using the initial interest rate shown above would be: $60,000 / $10,000 = 6; 6 x 56.78 = $340.68 per month. (Margin 2.50, Floor Rate 4.00%, the maximum amount the rate can increase or decrease at each rate change is 2% & the maximum amount the rate can increase over the life of the loan is 5% [Rate Caps], used the 1 year Constant Maturity Treasury Index)
APR = Annual Percentage Rate. Rates may be subject to change without notice
Please keep in mind that the actual rates offered may be adjusted based on your credit history and other factors that could impact our actual rate. This may result in a lower or higher rate than our published rate.
Rates displayed assume a 60% loan-to-value, Purchase of a single family residence, and a Fico Score over 740. All other loan scenarios will be priced through your Align Credit Union Loan Officer. Please contact your loan officer for additional information. Payment example is based on a loan amount of $100,000.00.
Fees may increase based on credit score, down payment, purpose of loan, subordinate financing and property type. Your actual rate, payment, and costs could be higher. Get an official Loan Estimate before choosing a loan.
Payments listed do not include amounts for taxes and insurances.
Loan must meet secondary market guidelines
Loan-to-value over 80% requires private mortgage insurance.
Loan to value over 75% - add 0.25% to the rate.
Point options are available upon request from your Loan Officer
Membership Requirement: An account must be established prior to the loan closing in order to meet the membership eligibility requirements. Align members must maintain a $5 deposit relationship.
Your savings federally insured to at least $250,000 and backed by the full faith and credit of the United States Government. National Credit Union Administration, a U.S. Government Agency. Shares and Deposits in excess of NCUA limits are fully insured by MSIC. NMLS ID 423280 |
