Rates as of January 31, 2023
Loan Amount: $100,000 - $726,200 | |||
Product | Rate | APR* | Points |
30-year Fixed | 5.875% | 5.973% | 0.000 |
20-year Fixed | 5.625% | 5.752% | 0.000 |
15-year Fixed | 5.125% | 5.277% | 0.000 |
5/6 ARM | 5.000% | 6.276% | 0.000 |
7/6 ARM | 5.250% | 6.182% | 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 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.
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 5.875% and an APR of 5.973% = 360 monthly payments of $5.92 per $1,000 borrowed
- For a 20-year fixed rate loan with an interest rate of 5.625% and an APR of 5.752% = 240 monthly payments of $6.95 per $1,000 borrowed
- For a 15-year fixed rate loan with an interest rate of 5.125% and an APR of 5.277% = 180 monthly payments of $7.97 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 5.000% and an APR of 6.276% = 5 year fixed period monthly payments of $5.37 per $1,000 borrowed
- For a 7/6 ARM with an interest rate of 5.250% and an APR of 6.182% = 7 year fixed period monthly payments of $5.52 per $1,000 borrowed