Members 1st Federal Credit Union - Mortgage Loan Rates

Mortgage Loan Rates


Are you a first time home buyer? Maybe you're looking to get something bigger? We offer first mortgage loans, unimproved land loans, construction loans and a pre-approval program so that you know how much house you can afford. Ask one of our mortgage specialists for help in deciding which mortgage program will best suit your individual needs and budget. Apply right now online.





Your rate may vary from what is listed.  Your interest rate
will be based on your credit history, current credit report,
and LTV(loan to value).

All rates are expressed as ANNUAL PERCENTAGE RATES.
Rates are subject to change without notice.

Loan rates as low as those listed below are effective
Monday, May 12, 2008




Conforming Fixed Rates

95% LTV to $417,000
TermRatePointsAPR 
 30 Year 6.00  0.00 6.044 Estimate Payment
For example a $100,000 Conforming Fixed Rates mortgage with 0.00 points and a 30 year term at 6.00%, the sample estimated monthly payment may be $599.55.
 30 Year 5.75  1.00 5.886 Estimate Payment
For example a $100,000 Conforming Fixed Rates mortgage with 1.00 points and a 30 year term at 5.75%, the sample estimated monthly payment may be $577.74.
 30 Year 5.375  2.25 5.624 Estimate Payment
For example a $100,000 Conforming Fixed Rates mortgage with 2.25 points and a 30 year term at 5.375%, the sample estimated monthly payment may be $547.37.
 30 Year 5.25  3.125 5.579 Estimate Payment
For example a $100,000 Conforming Fixed Rates mortgage with 3.125 points and a 30 year term at 5.25%, the sample estimated monthly payment may be $534.95.
 20 Year 5.75  0.125 5.823 Estimate Payment
For example a $100,000 Conforming Fixed Rates mortgage with 0.125 points and a 20 year term at 5.75%, the sample estimated monthly payment may be $701.21.
 20 Year 5.25  2.00 5.553 Estimate Payment
For example a $100,000 Conforming Fixed Rates mortgage with 2.00 points and a 20 year term at 5.25%, the sample estimated monthly payment may be $660.37.
 15 Year 5.75  0.00 5.823 Estimate Payment
For example a $100,000 Conforming Fixed Rates mortgage with 0.00 points and a 15 year term at 5.75%, the sample estimated monthly payment may be $830.41.
 15 Year 5.00  2.375 5.440 Estimate Payment
For example a $100,000 Conforming Fixed Rates mortgage with 2.375 points and a 15 year term at 5.00%, the sample estimated monthly payment may be $772.01.
Combo Loans Available


7 Year Balloon

90% LTV to $417,000
TermRatePointsAPR 
 7 Year 6.50  0.25 6.634 Estimate Payment
For example a $100,000 7 Year Balloon mortgage with 0.25 points and a 7 year term at 6.50%, the sample estimated monthly payment may be $1,481.23.
 7 Year 5.375  2.375 5.897 Estimate Payment
For example a $100,000 7 Year Balloon mortgage with 2.375 points and a 7 year term at 5.375%, the sample estimated monthly payment may be $1,397.09.
This program features a low fixed rate for the 1st 7 years of the mortgage. Investors add .375% to the rate with a maximum 80% LTV.


PHFA (1st Time Homebuyers)

97% LTV
TermRatePointsAPR 
 30 Year 6.00  0.000 6.044 Estimate Payment
For example a $100,000 PHFA (1st Time Homebuyers) mortgage with 0.000 points and a 30 year term at 6.00%, the sample estimated monthly payment may be $599.55.
 30 Year 5.875  1.000 6.012 Estimate Payment
For example a $100,000 PHFA (1st Time Homebuyers) mortgage with 1.000 points and a 30 year term at 5.875%, the sample estimated monthly payment may be $585.62.
Income and loan amount restrictions apply. Call for details.


97% Fixed Conventional Financing

97% LTV to $417,000
TermRatePointsAPR 
 30 Year 6.25  0.25 6.318 Estimate Payment
For example a $100,000 97% Fixed Conventional Financing mortgage with 0.25 points and a 30 year term at 6.25%, the sample estimated monthly payment may be $614.18.
 30 Year 5.50  2.625 5.787 Estimate Payment
For example a $100,000 97% Fixed Conventional Financing mortgage with 2.625 points and a 30 year term at 5.50%, the sample estimated monthly payment may be $552.88.
3% Down is all that is required for this program! Call and ask us about this program.


First Front Door Program

TermAPRPointsAPR 
 30 Year 5.75  0.00 5.793 Estimate Payment
For example a $100,000 First Front Door Program mortgage with 0.00 points and a 30 year term at 5.75%, the sample estimated monthly payment may be $583.57.
 30 Year 5.50  1.00 5.634 Estimate Payment
For example a $100,000 First Front Door Program mortgage with 1.00 points and a 30 year term at 5.50%, the sample estimated monthly payment may be $562.11.
This first time homebuyer program is a reduced rate 30 year fixed rate with a forgivable second mortgage of up to $5000. Ask us how to qualify for this great program.


VA Rates

TermAPRPointsAPR 
 30 Year 6.00  0.00 6.280 Estimate Payment
For example a $100,000 VA Rates mortgage with 0.00 points and a 30 year term at 6.00%, the sample estimated monthly payment may be $599.55.
 30 Year 5.50  1.75 5.936 Estimate Payment
For example a $100,000 VA Rates mortgage with 1.75 points and a 30 year term at 5.50%, the sample estimated monthly payment may be $557.85.
VA Loans are available up to 100% LTV to $417,000.00.


Jumbo Loans

TermAPRPointsAPR 
 30 Year 8.50  2.00 8.922 Estimate Payment
For example a $100,000 Jumbo Loans mortgage with 2.00 points and a 30 year term at 8.50%, the sample estimated monthly payment may be $753.54.
 30 Year 7.50  3.25 8.124 Estimate Payment
For example a $100,000 Jumbo Loans mortgage with 3.25 points and a 30 year term at 7.50%, the sample estimated monthly payment may be $676.49.


Construction Loans

95% LTV to $417,000
TermRatePointsAPR 
 30 Year 6.50  0.00 6.545 Estimate Payment
For example a $100,000 Construction Loans mortgage with 0.00 points and a 30 year term at 6.50%, the sample estimated monthly payment may be $632.07.
 30 Year 6.125  1.00 6.264 Estimate Payment
For example a $100,000 Construction Loans mortgage with 1.00 points and a 30 year term at 6.125%, the sample estimated monthly payment may be $601.53.
 30 Year 5.875  1.75 6.084 Estimate Payment
For example a $100,000 Construction Loans mortgage with 1.75 points and a 30 year term at 5.875%, the sample estimated monthly payment may be $581.19.
 30 Year 5.50  3.25 5.846 Estimate Payment
For example a $100,000 Construction Loans mortgage with 3.25 points and a 30 year term at 5.50%, the sample estimated monthly payment may be $549.34.
 15 Year 6.50  0.00 6.574 Estimate Payment
For example a $100,000 Construction Loans mortgage with 0.00 points and a 15 year term at 6.50%, the sample estimated monthly payment may be $871.11.
 15 Year 5.125  3.25 5.707 Estimate Payment
For example a $100,000 Construction Loans mortgage with 3.25 points and a 15 year term at 5.125%, the sample estimated monthly payment may be $771.41.
 7 YR Balloon 6.50  0.125 6.610 Estimate Payment
For example a $100,000 Construction Loans mortgage with 0.125 points and a 7 year term at 6.50%, the sample estimated monthly payment may be $1,483.09.
 7 YR Balloon 5.50  3.00 6.141 Estimate Payment
For example a $100,000 Construction Loans mortgage with 3.00 points and a 7 year term at 5.50%, the sample estimated monthly payment may be $1,393.89.



All APR calculations are based on $75,000 loan amount with 20% down and applicable prepaid finance charges.
This sheet is for informational purposes only, and is subject to change at anytime.
EZ Loan Investment Services