MORTGAGE PROGRAMS

EFFECTIVE 07/18/2019

Offices in Fall River & Assonet Connecting all offices: 508.678.9028 Mortgage Team Roberta Travis NMLS# 441451 Joe Ganem NMLS# 484876 Donna Correia NMLS# 5571

Current as of:

MORTGAGE PROGRAMS

Type

Interest Rate

Annual Percentage Rate

Points

(APR)*

FRMCU FIRST TIME HOMEBUYERS PROGRAM:

FIRST TIME HOME BUYERS

4.250%

0

4.274%

MASSHOUSING MORTGAGE PROGRAMS

MassHousing

4.125%

0

4.151%

CONVENTIONAL MORTGAGE PROGRAMS FNMA LOAN LIMITS:

Monthly Payments per $1000

$4.92

$4.85

** 30 Year Fixed Rate

3.750%

0

** 30 Year Fixed Rate

3.625%

1

3.871% 3.728%

$4.63 $4.56

July 18, 2019

Term

360 months 360 months 360 months 360 months

** 20 Year Fixed Rate

3.500%

0

** 20 Year Fixed Rate

3.375%

1

15 Year Fixed Rate 15 Year Fixed Rate

3.375%

0

3.250%

1

3.643% 3.403%

3.411% 3.285%

$5.80 $5.74

$7.09 $7.03

240 months 240 months

180 months 180 months

10 Year Fixed Rate 10 Year Fixed Rate

3.250%

0

3.125%

1

3.301% 3.175%

$9.77 $9.71

120 months 120 months

CONSTRUCTION MORTGAGE PROGRAM

30 Year Fixed Rate

3.875%

0

4.000%

$4.79

360 months

*** ARM MORTGAGE PROGRAM

Type 3/1 ARM

Caps 2%/6%

Interest Rate

Points

Annual Percentage Rate (APR)*

3.250% 0

4.987%

Monthly Payments per $1000 $4.35

Fully Indexed Monthly Payments per $1000 $8.23

5/1 Year ARM

2%/6% 3.375% 0

4.763%

$4.42

$8.32

7/1 Mortgage

2%/6% 3.500% 0

4.178%

$4.49

$8.41

10/1 Mortgage

2%/6% 3.750% 0

4.152%

$4.63

$8.59

Investment 1-4 units

25 Year Fixed Rate

4.875%

1

5.007%

$5.77

300 months

ARM INVESTMENT 5-8 units MORTGAGE MEMBER BUSINESS PROGRAM

7/1 Mortgage 25 Year

2%/6% 4.875% 1

MassHousing

LAND LOAN MORTGAGES

Home of the

Brave

Buy Fall River Buy New Bedford

5.007%

Please contact the Credit Union for details.

$5.77

$9.71

FINANCING AVAILABLE FOR INVESTMENT PROPERTY

FHA/VA PROGRAMS AVAILABLE

* Estimated APR (Annual Percentage Rate) based on a $100,000.00 loan amount includes finance charges. Payment amounts do not include taxes and insurance.

Rates are subject to change without notice.

Rates are determined by your credit score and credit history. Rates quoted above are for members with best credit score.

Jumbo Mortgages available on single family homes only. Amounts exceeding FNMA loan limits add 0.50% to all conventional current rates.

Jumbo Mortgages available on single family homes only. Amounts exceeding FNMA loan limits add 0.25% to all ARM PRODUCT current rates.

** 2-4 family owner-occupied (conforming) - add 0.25% to current rates.

1-4 family owner-occupied (non-conforming) - add 0.50% to current rates. 1-4 family owner-occupied with a Life Estate - add 0.50% to current rates.

*** Investment Mortgage: Available on 1-4 family non-owner occupied residence. Adjustable Rate Program only. Add 1.00% to current ARM rates shown above. Requires 20% down

For an appointment that is convenient for you, please call 508-678-9028.

Roberta Travis NMLS#441451 Joe Ganem NMLS# 484876 Donna Correia NMLS# 5571

774-644-1472

508-678-9028

508-678-9028

NMLS ID# 410816

Federally Insured by NCUA

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