* Current rates are discounted by .125% for each point you pay up to three points. Call us for APRs.
* When the program selected is an 80-10-10, the Loan Origination is 1%.
* Maximum LTV permitted on a limited cash-out refinance 95%.
* Maximum LTV permitted on a cash-out refinance 80% LTV.
* Members may lock rates 30 days prior to settlement.
* Any first mortgage with a LTV of more than 80% must have PMI.
* The home will be held as collateral.
* Rates listed apply to members with excellent credit scores, loan-to-value (LTV) ratios of up to 95% for purchases and up to 80% for cash-out refinances, where there is no subordinate financing. Members with less than excellent credit scores, higher loan-to-value ratios and /or second trusts or equity loans on their residences may be subject to increased loan origination fees.
LTV between 80% - 90% (max) to $417,000; 680 minimum credit score
Loan amounts between $417,000 - 625,000 limited to 85% maximum LTV, 720 minimum credit score
maximum LTV for properties located in Florida is 80%
- The maximum combined loan to value for primary residence condominiums is 80% and second homes is 75%.
* APR = Annual percentage rate (APR) calculations are based upon a loan amount of $100,000.00 with no PMI, based on 30 year amortization, along with the loan origination fee and $430 assumed for appraisal, mortgage credit report, and flood tracking fee. Your actual APR will also include recording and other fees.