Mortgage Rate Board

Home Loans

Rates as of January 24, 2020

Loan Amount: $100,000 - $510,400
Product	Rate	APR*	Points
30-year Fixed	3.500%	3.573%	0.000
20-year Fixed	3.125%	3.221%	0.000
15-year Fixed	2.875%	2.995%	0.000
5/1 ARM	3.000%	3.874%	0.000
7/1 ARM	3.000%	3.734%	0.000
Loan amounts are offered up to $1 million. Contact a Real Estate Loan Officer for details and current loan rates at 1-800-359-1939, option 2.

Visit Corporate America Family Credit Union’s (CAFCU) Mortgage Page 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.

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You may qualify for $100 off the closing costs on your first mortgage!**

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Important Notices:

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 3.500% and an APR of 3.573% = 360 monthly payments of $4.49 per $1,000 borrowed
For a 20-year fixed rate loan with an interest rate of 3.125% and an APR of 3.221% = 240 monthly payments of $5.61 per $1,000 borrowed
For a 15-year fixed rate loan with an interest rate of 2.875% and an APR of 2.995% = 180 monthly payments of $6.85 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 one-year LIBOR as published weekly in the Wall Street Journal. 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 5/1 Adjustable Rate Mortgage (ARM) with an interest rate of 3.000% and an APR of 3.874% = 5 year fixed period monthly payments of $4.22 per $1,000 borrowed
For a 7/1 ARM with an interest rate of 3.000% and an APR of 3.734% = 7 year fixed period monthly payments of $4.22 per $1,000 borrowed

*APR = Annual Percentage Rate. APR based on a purchase of a home and a loan amount of $180,000. Rates and points are subject to change without notice and may vary depending on down payment and other factors. Usual credit criteria apply.

¹Scenarios based on 40% down payment.
²Both scenarios based on 40% down payment. The Annual Percentage Rate is variable and may increase or decrease.

**Discount is available when you apply and close on a First Mortgage. $100 off closing cost is valid when you apply online. Discounts and offer are subject to change and cannot be combined with other offers. Contact Corporate America Family Credit Union for details.