Rates

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.
Loan must meet secondary market guidelines, please see additional disclosures below.
Loan-to-value over 80% requires private mortgage insurance.

*For example, on a $10,000, 30 year loan with an initial interest rate of 2.625% the maximum amount the interest rate can rise under this program is 6.00 percentage points to 8.625% and the monthly payment can rise from an initial payment of $21.88 to a maximum of $71.88 in 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 21.88 = $131.28 per month. (Margin 2.75, Floor Rate 3.00%, 2/2/6% Caps, used the 3 year CMT Index)
**For example, on a $10,000, 30 year loan with an initial interest rate of 2.875% the maximum amount the interest rate can rise under this program is 6.00 percentage points to 8.875% and the monthly payment can rise from an initial payment of $23.96 to a maximum of $73.96 in 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 23.96 = $143.76 per month. (Margin 2.75, Floor Rate 3.00%, 2/2/6% Caps, used the 1 year CMT Index)
Loan must meet secondary market guidelines, please see additional disclosures below.
Loan to value over 80% requires private mortgage insurance.
Loan to value over 75% - add 0.25% to the rate.
Loan to values over 80% require private mortgage insurance.
 

*Available to Reservists, Members of the National Guard, Active Duty Military, and Veterans.

The MassHousing mortgage is available for the purchase or refinance of owner-occupied one to four family properties, including condominiums.  Borrowers must meet all Mass Housing guidelines including income and loan limits.

 

Loan must meet secondary market guidelines, please see additional disclosures below
Loan to value over 80% requires private mortgage insurance
Loan to value over 75% - add 0.25% to the rate
Loan to values over 80% require private mortgage insurance

*For example, on a $10,000, 30 year loan with an initial interest rate of 2.750% the maximum amount the interest rate can rise under this program is 6.00 percentage points to 8.750% and the monthly payment can rise from an initial payment of $22.92 to a maximum of $72.92 in 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 22.92 = $137.52 per month. (Margin 2.75, Floor Rate 3.00%, 2/2/6% Caps, used the 3 year CMT Index)
**For example, on a $10,000, 30 year loan with an initial interest rate of 3.000% the maximum amount the interest rate can rise under this program is 6.00 percentage points to 9.000% and the monthly payment can rise from an initial payment of $25.00 to a maximum of $75.00 in 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 25.00 = $150.00 per month. (Margin 2.75, Floor Rate 3.00%, 2/2/6% Caps, used the 1 year CMT Index)

Loan must meet secondary market guidelines, please see additional disclosures below.

*For example, on a $10,000, 30 year loan with an initial interest rate of 3.625% the maximum amount the interest rate can rise under this program is 6.00 percentage points to 9.625% and the monthly payment can rise from an initial payment of $30.21 to a maximum of $80.21 in 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 30.21 = $181.26 per month. (Margin 2.75, Floor Rate 3.00%, 2/2/6% Caps, used the 3 year CMT Index)
**For example, on a $10,000, 30 year loan with an initial interest rate of 3.875% the maximum amount the interest rate can rise under this program is 6.00 percentage points to 9.875% and the monthly payment can rise from an initial payment of $32.29 to a maximum of $82.29 in 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 32.29 = $193.74 per month. (Margin 2.75, Floor Rate 3.00%, 2/2/6% Caps,used the 1 year CMT Index)