Rates as of April 19, 2024
Loan Amount: $100,000 - $766,550 | |||
Product | Rate | APR* | Points |
30-year Fixed | 7.125% | 7.247% | 0.000 |
20-year Fixed | 6.875% | 7.029% | 0.000 |
15-year Fixed | 6.625% | 6.812% | 0.000 |
5/6 ARM | 6.500% | 7.550% | 0.000 |
7/6 ARM | 6.750% | 7.500% | 0.000 |
Loan amounts are offered up to $1.5 million. Contact a Real Estate Loan Officer for details and current loan rates at 1-800-359-1939, option 2. |
Visit CAFCU's Mortgages to learn more about the loan options that CAFCU offers. Rates are subject to change without notice. Contact a Real Estate Loan Officer for current rates, terms and conditions at 1-800-359-1939, option 2.
- Quoted APR assumes a 740 credit score used for the purchase of an owner occupied, single family residence, with a 40% down payment.
- Other programs, loan amounts and terms may be available.
- Rates and fees may vary.
- Your APR will vary based on your final loan amount and finance charges.
- No rate is guaranteed without a valid rate lock and not all borrowers will qualify for all rates.
Repayment Examples1:
- For a 30-year fixed rate loan with an interest rate of 7.125% and an APR of 7.247% = 360 monthly payments of $6.74 per $1,000 borrowed
- For a 20-year fixed rate loan with an interest rate of 6.875% and an APR of 7.029% = 240 monthly payments of $7.68 per $1,000 borrowed
- For a 15-year fixed rate loan with an interest rate of 6.625% and an APR of 6.812% = 180 monthly payments of $8.78 per $1,000 borrowed
Special information for all Adjustable Rate Mortgages (ARMs)2:
The rate, principal and interest payments are subject to increase and may change after the loan is closed due to market-driven changes to the index. Your initial rate will be fixed for 5 or 7 years. After this initial term your rate may change annually based on the current index plus a margin. The index is based on the 30-Day Average SOFR index as published by the Federal Reserve Bank of New York. The rate is variable and may increase or decrease over the life of the loan. Contact a Real Estate Loan Officer for current rates, terms and conditions at 1-800-359-1939, option 2.
- For a 5/6 Adjustable Rate Mortgage (ARM) with an interest rate of 6.500% and an APR of 7.550% = 5 year fixed period monthly payments of $6.32 per $1,000 borrowed
- For a 7/6 ARM with an interest rate of 6.750% and an APR of 7.500% = 7 year fixed period monthly payments of $6.49 per $1,000 borrowed