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Mortgage Rates

Adjustable Rates | Fixed Rates | Mortgage Rewards

Adjustable Rate Mortgages apply now
ARM rate guaranteed for 60 days after application is received. ARM is a discounted rate, ARM 5-1 fixed for five years, ARM 3-1 fixed for three years, before entering the variable rate period where the rate could change annually.
Loan Type Rate ANNUAL PERCENTAGE RATE Fees Amount Loaned / Amount Financed Maximum Term
30 Year 3-1 ARM
2% and 6% caps 		6.125% 5.245% Pass Thru Costs Up to 97% for Purchases
Up to 90% for Refinances
Maximum of $417,000.00 		30 Years
30 Year 5-1 ARM
2% and 6% caps 		6.500% 5.564% Pass Thru Costs Up to 97% for Purchases
Up to 90% for Refinances
Maximum of $417,000.00 		30 Years
Jumbo Loans
30 Year 5-1 Arm 		8.250% 6.451% 1.0% loan fee plus closing costs Maximum 80% LTV for Purchases and Refinances
Jumbos are over $417,000.00 		30 Years
100% 30 Year 5-1 ARM
2% and 6% caps 		7.000% 6.509% Pass Thru Costs Up to 100% for Purchases of primary residence
Maximum of $417,000.00		 30 Years
Land Loans
30 Year 5-1 Arm 		7.625% 6.175% 1.0% loan fee plus closing costs Maximum 75% LTV for Purchases and Refinances
Maximum of $417,000.00 		30 Years
Floating Home Loans
30 Year 5-1 Arm 		7.500% 6.062% 0.5% loan fee plus closing costs Maximum 80% LTV for Purchases and Refinances
Maximum of $417,000.00 		30 Years
Floating Home Loans
30 Year FIXED 		7.000% 7.125% 1.0% loan fee plus closing costs Maximum 80% LTV for Purchases and Refinances
Maximum of $417,000.00 		30 Years
Rentals
30 Year ARM 3-1 		6.875% 5.484% 0.5% loan fee plus closing costs Up to 75% LTV - CASH OUT Refinance or Purchase
Maximum of $417,000.00 		30 Years
effective 10/10/08

 

Fixed Rate Mortgages apply now
Loans must meet Fannie Mae standards. They will be sold but servicing will be retained by Rivermark Community Credit Union. Payments will always be made to the Credit Union.
Loan Type Rates
As Low As 		ANNUAL PERCENTAGE RATE Fees Amount Loaned / Amount Financed Maximum Term
40 Year Fixed 7.375%


 7.511% 1.25% 95% of appraisal for Purchases and Limited Cash Out. Cash Out to 70% LTV; 90% with additional fee. 40 Years
30 Year FIXED
1st - Time Buyer 		7.500% 7.763% 1.25% 97% LTV, purchases only. Limited income requirement 30 Years
30 Year FIXED
w/buy down 		6.375%
6.250%


 6.516%
6.438%		 1.25%
1.75%		 95% of appraisal for Purchases and Limited Cash Out. Cash Out to 70% LTV; 90% with additional fee. 30 Years
20 Year FIXED
w/buy down 		6.375%
6.250%

 6.561%
6.499%		 1.25%
1.75%

95% of appraisal for Purchases and Limited Cash Out. Cash Out to 70% LTV; 90% with additional fee.

 

 20 Years
15 Year FIXED
w/buy down 		6.125%
6.000%




 6.354%
6.307%



 1.25%
1.75%		 95% of appraisal for Purchases and Limited Cash Out. Cash Out to 70% LTV; 90% with additional fee. 15 Years
Rentals
30 Year F
20 Year F
15 Year F
6.375%
6.375%
6.125%
6.664%
6.757%
6.307%
2.50%+
2.50%+
2.50%+
90% Purchase or Refinance
70% cash out on refinance 		Up to 30 Years
effective 10/10/08

All loans above 80% LTV must qualify for mortgage protection insurance. All rates and terms are based on credit qualifications and subject to change at any time without notice. Please see payment calculators on this page for sample payments.

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