Mortgage Rates
Scoring System
| Score |
Rating |
Rate |
| A+ |
730 - Up |
Base Rate |
| A |
729 - 680 |
Base Rate |
| B |
679 - 640 |
Base Rate +.5 |
| C |
639 - 600 |
Base Rate +1 |
| D |
599 - 550 |
Base Rate +3 |
| E |
549 - Below |
Base Rate +5 |
Quick Rates: 1st Mortgage | 2nd Mortgage | HELOC
Rates effective September 18, 2019. Rates subject to change without notice.
Prime Rate (9/18/19) 5.00%
NMLS #: 586635
| Loan Type |
Term in Months |
A+ |
A |
B |
C |
D |
E |
Base Rate
APR* |
Base Rate
APR* |
Base Rate +.5
APR* |
Base Rate +1
APR* |
Base Rate +3
APR* |
Base Rate +5
APR* |
1st Mortgage
LTV<80% |
6 Year Balloon |
5.99% |
5.99% |
6.49% |
6.99% |
8.99% |
10.99% |
1st Mortgage
LTV<90% |
6 Year Balloon |
6.49% |
6.49% |
6.99% |
7.49% |
9.49% |
11.49% |
|
*APR is the Annual Percentage Rate.
|
|
| Loan Type |
Term in Months |
A+ |
A |
B |
C |
D |
E |
Base Rate
APR* |
Base Rate
APR* |
Base Rate
APR* |
Base Rate +1
APR* |
Base Rate +3
APR* |
Base Rate +5
APR* |
2nd Mortgage
CLTV<70% |
To 36 |
6.99% |
6.99% |
6.99% |
7.99% |
9.99% |
11.99% |
| 60 |
7.29% |
7.29% |
7.29% |
8.29% |
10.29% |
12.29% |
| 6 Year Balloon |
7.49% |
7.49% |
7.49% |
8.49% |
10.49% |
12.49% |
| |
2nd Mortgage
CLTV 71-90% |
To 36 |
7.59% |
7.59% |
7.59% |
8.59% |
10.59% |
12.59% |
| 60 |
7.79% |
7.79% |
7.79% |
8.79% |
10.79% |
12.79% |
| 6 Year Balloon |
7.99% |
7.99% |
7.99% |
8.99% |
10.99% |
12.99% |
|
*APR is the Annual Percentage Rate.
|
|
| Loan Type |
Term |
APR* |
HELOC
LTV<51% |
10 Year Draw |
4.75% |
| |
HELOC
LT 51-70% |
10 Year Draw |
Prime + 1.00% |
| |
HELOC
LTV 71-90% |
10 Year Draw |
Prime + 2.00% |
|
*APR is the Annual Percentage Rate.
|
|
Reduce Your Rate
Save even more when you establish a checking account and direct deposit with us!
- Reduce your rate by ½% with direct deposit and
automatic loan payments.
- Reduce your rate by ¼% when your loan payment
is deducted automatically.
- The rate reduction does not apply to any open-end loans,
(e.g. Kwik-Cash, HELOC’s, ect.)
January 23, 2020