Mortgages

APR:The Annual Percentage Rate is based on a $150,000.00 loan amount; Jumbo loan APR is based on a $806,501.00 loan amount. Loan amount and estimated closing cost fees of $1,500.

The information provided above is for comparative purposes only. Rates and terms may change at any time and without prior notice. Your actual rate, payment, terms, and costs could be different. Get an official Loan Estimate before choosing a loan. Your rate, fees, and terms may differ based on when your rate is locked, actual occupancy status, loan purpose, loan amount, credit score, debt-to-income ratio, loan-to-value ratio, etc. The payment example does not include mortgage insurance. The actual payment will be higher if mortgage insurance is required on your loan. The payment example does not include amounts for taxes and insurance premiums. Your actual payment obligation will be greater considering taxes and insurance premiums.

Fannie Mae Price Adjustments are formally called Loan-Level Price Adjustments (LLPAs). They are risk-based pricing fees that Fannie Mae charges lenders when purchasing conventional mortgages

Owner Occupied/Max Loan $806,500.00

Fees vary and may be due at application

Mortgage Construction available at a rate increase of 0.25%.

Biweekly mortgage payment are available at a rate increase of 0.25%.

APR: Annual Percentage Rate is based on a $150,000.00 loan amount; Jumbo loan APR is based on a $806,501.00 loan amount.

Down Payment Requirements: a 20% down payment is required; less than a 20% down payment will require PMI Insurance; less than a 30% down payment will require real estate tax escrow.

Loan terms and conditions, including interest rate and/or fees, are subject to change due to the resulting risk rating assigned by the Credit Union’s secondary market investor. Factors used in determining risk ratings include certain loan characteristics such as points, loan amount, loan-to-value, borrower’s credit, property type, occupancy, and loan purpose.

Jumbo loan limits may differ by County per FNMA Guidelines.

Construction Term Policy: The construction phase is limited to a maximum (12) month period; 10% down payment required (10% may be in reserves or land equity).

Non-conforming rates available.

Owner Occupied/Max Loan $806,500.00

Fees vary and may be due at application.

Mortgage Construction Available at a Rate Increase of 0.25%.

Biweekly mortgage payment are available at a rate increase of 0.25%.

APR: Annual Percentage Rate is based on a $150,000.00 loan amount; Jumbo loan APR is based on a $806,501.00 loan amount; 20 YR amortization.

Rates are subject to increase after consummation/first adjustment.

Down Payment Requirements: a 20% down payment is required; less than a 20% down payment will require Private Mortgage Insurance (PMI); less than a 30% down payment will require real estate tax escrow.

Rate Lock Policy: LFCU will rate lock for 45 days at no charge. (You will have the option to extend the lock period for an additional fee).

Jumbo loan limits may differ by County per FNMA Guidelines.

Construction Term Policy: The construction phase is limited to a maximum (12) month period; 10% down payment required (10% may be in reserves or land equity).

Non-conforming rates available.

Owner Occupied/Max Loan $806,500.00

APR: Annual Percentage Rate is based on a $150,000.00 loan amount; Jumbo loan APR is based on a $806,501.00 loan amount; 30- YR amortization.

Rates are subject to increase after consummation/first adjustment.

Down Payment Requirements: a 20% down payment is required; less than a 20% down payment will require PMI Insurance; less than a 30% down payment will require real estate tax escrow.

Mortgage Construction Available at a Rate Increase of 0.25%.

Biweekly Mortgage payment available at a rate increase of 0.25%. Biweekly option excludes 7/1 and 10/1 Special.

Jumbo loan limits may differ by County per FNMA Guidelines.

Construction Term Policy: The construction phase is limited to a maximum (12) month period; 10% down payment required (10% may be in reserves or land equity).

Non-conforming rates available.

APR:  Annual Percentage Rate is based on a $150,000.00 loan amount. 

Rates are subject to increase after consummation/first adjustment.

Fees vary and are due at application.

First-Time Homebuyer (FTHB) Rate Discount is available to qualified homebuyers who have not owned a home within the past three years. This discount cannot be combined with any other promotional or rate discount offers. Additional loan term options are available—please ask us for details.

Biweekly Mortgage Payment Available at a Rate Increase of 0.25%.

Mortgage Construction Available at a Rate Increase of 0.25%.

APR:  Annual Percentage Rate is based on a $150,000.00 loan amount; Jumbo loan APR is based on a $806,501.00 loan amount.

Down Payment Requirements:  a 20% down payment is required; less than a 20% down payment will require PMI Insurance; less than a 30% down payment will require real estate tax escrow.

Loan terms and conditions, including interest rate and/or fees, are subject to change due to the resulting risk rating assigned by the Credit Union’s secondary market investor.  Factors used in determining risk ratings include certain loan characteristics such as points, loan amount, loan-to-value, borrower’s credit, property type, occupancy, and loan purpose.

Construction Term Policy: The construction phase is limited to a maximum (12) month period; 10% down payment required (10% may be in reserves or land equity).