Rates

Mortgage Rates

Fixed Rate Mortgage Loans - Conforming Limits
Effective11/17/2020

 

Product Rate Discount Points Cost per $1000 APR
30 Year Fixed* 2.875% 0% $4.15 3.002%
30 Year Fixed 2.625% 1.00% $4.17 2.828%
20 Year Fixed* 2.750% 0% $5.42 2.968%
20 Year Fixed 2.625% 1.00% $5.36 2.955%
15 Year Fixed* 2.500% 0% $6.67 2.729%
15 Year Fixed 2.375% 1.00% $6.61 2.748%
10 Year Fixed 2.500% 0% $9.43 2.836%
10 Year Fixed 2.375% 1.00% $9.37 2.922%
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.
Product Max LTV Rates Discount Points Cost per $1000 APR
3/3 Adjustable Rate Mortgage* 75% 2.625% 0% $4.07 3.046%
5/1 Adjustable Rate Mortgage** 75% 2.875% 0% $4.15 3.085%
*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.
 

Mass Housing Mortgages
 

Product Max LTV Rate Discount Points Cost per $1000 APR
30 Year Fixed 97% 4.000% 0% $4.77 4.168%

*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.

 

Fixed Jumbo
 

Product Max LTV Rate Discount Points Cost per $1000 APR
Jumbo 30 75% 3.625% 0% $4.56 3.762%
Jumbo 15 75% 3.375% 0% $7.09 3.618%
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

Adjustable Jumbo

Product Max LTV Rate Discount Points Cost per $1000 APR
3/3 ARM Jumbo* 75% 2.750% 0% $4.08 3.073%
5/1 ARM Jumbo** 75% 3.000% 0% $4.22 3.129%
*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)

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.

Investment Loans- Non-Owner Occupied

Fixed Investment

Product Max LTV Rate Discount Points Cost per $1000 APR
Investment 30 70% 5.000% 0% $5.37 5.154%
Loan must meet secondary market guidelines, please see additional disclosures below.

Adjustable Investment

Product Max LTV Rate Discount Points Cost per $1000 APR
3/3 ARM* 70% 3.625% 1.00% $4.56 3.353%
5/1 ARM** 70% 3.875% 1.00% $4.70 3.527%
*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)

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.