Rates

Mortgage Rates

Fixed Rate Mortgage Loans - Conforming Limits
Effective 09/30/2022

Product Rate APR Discount Points Cost per $1000
30 Year Fixed* 5.875% 6.134% 0% $5.92
20 Year Fixed* 5.750% 6.031% 0% $7.02
15 Year Fixed* 5.125% 5.427% 0% $7.97
10 Year Fixed* 5.125% 5.516% 0% $10.67

Disclosure:

APR= Annual Percentage Rate 
LTV=Loan-To-Value
Loan must meet secondary market guidelines, please see additional disclosures below.
Loan-to-value over 80% requires private mortgage insurance.
Point options are available upon request from your Loan Officer.

Product Rates APR Discount Points Term Rate Caps Fully Indexed Rate Range of Monthly Payments per $10,000
3/1 Adjustable Rate Mortgage* 3.500% 5.925% 0% 360 2%/2%/6% 5.830% Year 1-3 $44.90; Year 4 $47.50-$55.80 ; Year 5 $47.50-$67.50; Year 6-30 $47.50-$73.50
5/1 Adjustable Rate Mortgage** 4.000% 5.739% 0% 360 2%/2%/6% 5.830% Year 1-5 $47.74; Year 6 $47.70-$58.30; Year 7 $47.70-$69.50; Year 8- 30 $47.70-$75.20
7/1 Adjustable Rate Mortgage*** 4.500% 5.714% 0% 360 2%/2%/6% 5.830% Years 1-7 $ 50.67 ; Years 8 $48.30-$60.80 ; Years 9 $48.30- $71.50 ; Years 10-30 $48.30-$77.00
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 3.50% the maximum amount the interest rate can rise under this program is 5.00 percentage points to 8.500% and the monthly payment can rise from an initial payment of $44.90 to a maximum of $73.50 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 44.90 = $269.40 per month. (Margin 2.50, Floor Rate 4.00%, the maximum amount the rate can increase or decrease a 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) 
 



**For example, on a $10,000, 30 year loan with an initial interest rate of 4.000% the maximum amount the interest rate can rise under this program is 5.00 percentage points to 9.000% and the monthly payment can rise from an initial payment of $47.74 to a maximum of $75.20 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 47.74 = $286.44 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 4.500% the maximum amount the interest rate can rise under this program is 5.00 percentage points to 9.500% and the monthly payment can rise from an initial payment of $50.67 to a maximum of $77.00 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 50.67 = $304.02 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
 


 

Fixed Jumbo
 

Product Max LTV Rate APR Discount Points Cost per $1000
Jumbo 30 75% 6.125% 6.164% 0% $6.08
Loan must meet secondary market guidelines, please see additional disclosures below.
Loan to value over 80% requires private mortgage insurance.
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 $1,000,000.00.

Additional Disclosures

APR= Annual Percentage Rate 
LTV= Loan-To-Value
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.  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. Membership Requirement: An account must be established prior to the loan closing in order to meet the membership eligibility requirements.

Home Equity Line of Credit

Product Intro rate fixed for 12 months Then Prime Minus 1.00% Current Rate without Introductory Offer
Home Equity Line of Credit 1.990% APR 1.00% 5.250% APR
APR – Annual Percentage Rate. APR and rates may be subject to change without notice.

HELOC - An introductory Annual Percentage Rate (APR) as low as 1.99% for the first twelve billing cycles with a daily periodic rate of 0.005452%. Thereafter, the APR will be set on the 25th business day of each month which will be either a floor rate of 3.50% APR with a daily periodic rate of 0.009589%, or, the Prime Rate published in the Wall Street Journal on the 25th day of each month minus 1.00%, whichever is greater.

Current Prime Rate is: 6.250%

Maximum rate is 18%. Floor rate is 3.50%. Draw period is 10 years with 10 additional years to repay. Loan must be a first or second lien position.

Equity determined by taking 80% of property value and deducting the balance of any mortgages. If appraisal is required, the charge will range from $475 to $700. The minimum loan amount is $10,000 and the maximum is $250,000. Property insurance required. Rate subject to change after consummation.

An Early Termination Fee will be assessed if the HELOC is closed within the first 24 months after consummation. The fee will range from $487 to $1,243 and will be determined based upon the fees incurred by Align Credit Union during the processing and consummation of the HELOC. 

Align members must maintain a $5 deposit relationship.

Offer applies to owner occupied primary residences and second home residences only. Offer may be withdrawn without notice. All requests subject to credit approval.

Home Equity Loan

Product Rate APR* Cost per $1,000
Fixed 5 Year 4.000% 4.196% $18.42
Fixed 10 Year 4.250% 4.355% $10.24
Fixed 15 Year 4.750% 4.827% $7.78
Fixed 20 Year 5.500% 5.566% $6.88
The minimum loan amount is $10,000 and the maximum is $250,000.
Property insurance is required. Must be a junior lien position.
All requests are subject to credit approval.
Actual rate and margin offered may be adjusted based on credit history and other factors – this may result in a higher rate than our published rate.