Rates

Mortgage Rates

Fixed Rate Mortgage Loans - Conforming Limits
Effective 03/8/2021

 

Product Rate Discount Points Cost per $1000 APR
30 Year Fixed* 3.250% 0% $4.35 3.410%
20 Year Fixed* 2.875% 0% $5.48 3.895%
15 Year Fixed* 2.625% 0% $6.73 2.907%
10 Year Fixed* 2.625% 0% $9.48 3.037%

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.
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.

Product Max LTV Rates Discount Points Cost per $1000 APR
3/3 Adjustable Rate Mortgage* 75% 2.250% 0% $3.82 2.990%
5/1 Adjustable Rate Mortgage** 75% 2.500% 0% $3.95 2.981%

**For example, on a $10,000, 30 year loan with an initial interest rate of 2.250% the maximum amount the  interest rate can rise under this program is 6.00 percentage points to 8.250% and the monthly payment can rise from an initial payment of $38.22 to a maximum of $75.13 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 38.22 = $229.32 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 2.500% the maximum amount the interest rate can rise under this program is 6.00 percentage points to 8.500% and the monthly payment can rise from an initial payment of $39.51 to a maximum of $76.89 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 39.51 = $237.06 per month. (Margin 2.75, Floor Rate 3.00%, 2/2/6% Caps, used the 1 year CMT Index)

Fixed Jumbo
 

Product Max LTV Rate Discount Points Cost per $1000 APR
Jumbo 30 75% 3.250% 0% $4.35 3.276%
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.

Adjustable Jumbo

Product Max LTV Rate Discount Points Cost per $1000 APR
3/3 ARM Jumbo* 75% 2.375% 0% $3.89 5.824%
5/1 ARM Jumbo** 75% 2.625% 0% $4.02 5.986%

**For example, on a $10,000, 30 year loan with an initial interest rate of 2.375% the maximum amount the interest rate can rise under this program is 6.00 percentage points to 8.375% and the monthly payment can rise from an initial payment of $38.87 to a maximum of $76.01 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 38.87 = $233.22 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 2.625% 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 $40.17 to a maximum of $77.78 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 40.17 = $241.02 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.