Internal Daily Mortgage Rate Sheet (internal use only)
Conforming – Max LTV 95%
| Product | Points | Rate | APR |
| 30-Year Fixed Rate: First Time Homebuyer | 0 | 7.250 % | 7.299 % |
| 30-Year Fixed Rate | 0 | 7.375 % | 7.425 % |
Jumbo* – Loan Amounts Available Greater Than $1,500,000
| Product | Points | Rate | APR |
| 30-Year Fixed Rate | 0 | 7.625 % | 7.642 % |
First Mortgage Adjustable Rate – Conforming and Jumbo
| Product | Points | Rate | APR |
| 7/1 ARM | 0 | 7.500 % | 7.744 % |
| 10/1 ARM | 0 | 7.625 % | 7.768 % |
First Mortgage Notes:
- *APR will vary based on the loan amount and prepaid fees. Prepaid fees include: Origination, application, underwriting, points, flood, tax service, prepaid interest, PMI insurance premium, attorney fee, and express mail charge fee.
- 2 Point Product Available
- Cash-out refinance Max LTV of 70%
- Add additional .25 bp for all second homes
- APR assumes 20% downpayment
- No LLPA on Fixed Rate Mortgage or ARM
- Second Homes and Pleasant Street Condominium have increased rate of .25%
- First Time Home Buyer Discounts include: Free Pre-Approvals and discounted Rate .125%, $500 Lender Credit
- NPNC (No Points No Closing Costs) Minimum Loan Amount = $200,000.
HELOC
| Product | APR1 | Min & Max Amounts |
| HELOC (10/15) | 8.240 % | $25,000 – $200,000 |
Fixed Seconds
| Product | APR | Min & Max Amounts |
| 5 years | 6.625 % | $25,000 – $200,000 |
| 10 years | 6.875 % | $25,000 – $200,000 |
Home Equity Notes:
- HELOC features 10 Year draw – 15 year payback.
- HELOC Rate is Prime -.26 for the life of loan
- Fixed second Discount .25% with autopay from HUECU checking account. Rate are based on auto pay discount.
- Additional recording fees and prepaids may apply
- No closing costs. If loan is paid off before the 2 year anniversary member will be required to pay closing costs.