Mortgage Loan Rates
Mortgage Loan Rates
Fixed Rate Mortgages
When people think about getting a mortgage, a long-term, fixed rate loan is one of the most common options. A fixed-rate mortgage loan has a monthly principal and interest payment that does not change over the life of the loan. At WESTconsin Credit Union, there are no pre-payment penalties on a fixed-rate mortgage loan, making future refinance considerations more feasible should rates decrease or accessing equity is desired. Contact one of our Mortgage Loan Originators to learn more about WESTconsin’s mortgage options and how we may help to support your homeownership and financial goals.
| Rate | APR1 | Monthly Payment | ||
|---|---|---|---|---|
| 30 year Fixed | 7.000% | 7.152% | $1597.00 | |
| 20 year Fixed | 6.875% | 7.072% | $1843.00 | |
| 15 year Fixed | 6.500% | 6.563% | $2091.00 | |
| 10 year Fixed | 6.375% | 6.463% | $2710.00 | |
Adjustable Rate Mortgages (ARMs)A
| Rate | APR1 | Monthly Payment | ||
|---|---|---|---|---|
| 5/6 mo. ARM | 6.250% | 7.027% | $1478.00 | |
| 7/6 mo. ARM | 6.500% | 7.010% | $1517.00 | |
WESTconsin ARMs
WESTconsin ARMs are an option if you have had some credit problems in the past, or you are financing a home that may not meet typical financing conditions.
| Rate | APR1 | Monthly Payment | ||
|---|---|---|---|---|
| WESTconsin 5/6 mo. ARM | 7.250% | 7.724% | $1637.00 | |
| WESTconsin 7/6 mo. ARM | 7.500% | 7.769% | $1678.00 | |
Jumbo Mortgage
| Rate | APR2 | Monthly Payment | ||
|---|---|---|---|---|
| Jumbo 5/6 mo. ARM | 6.250% | 7.000% | $4926.00 | |
| Jumbo 7/6 mo. ARM | 6.500% | 6.983% | $5057.00 | |
Construction Mortgage
| Rate | APR3 | Monthly Payment | ||
|---|---|---|---|---|
| Construction 7/6 mo. ARM | 6.500% | 7.176% | $1534.00 | |
Vacant Land
| Rate | APR4 | Monthly Payment | ||
|---|---|---|---|---|
| Vacant Land 3/6 mo. ARM | 7.375% | 8.659% | $553.00 | |
| Vacant Land 5/6 mo. ARM | 7.750% | 8.584% | $573.00 | |
Home Equity Loans
| CLTVb | Rate | APR5 | Monthly Payment | ||
|---|---|---|---|---|---|
| Closed-end 2nd 7/6 mo. ARM | Up to 80% | 7.750% | 8.328% | $215.00 | |
| Closed-end 2nd 7/6 mo. ARM | 80%-90% | 8.250% | 9.037% | $225.00 | |
| HCLTVc | APR6 as low as | ||
|---|---|---|---|
| Home Equity Line of Credit (HELOC) | Up to 80% | 7.750% | |
| Home Equity Line of Credit (HELOC) | Over 80% | 8.750% | |
1) Interest rate and APR are subject to change without notice and published rates do not constitute a loan offer. APR = Annual Percentage Rate - The rate that reflects the actual, annual cost of the loan and includes the loan interest rate, private mortgage insurance (PMI), discount points, and some fees. Payment examples reflect a monthly payment of principal and interest only and your actual payment may be higher. Your actual rate and payment may be different, and will be based on your mortgage application and is subject to review for qualification. Your actual loan amount, finance charges, credit history, and transaction type are some examples of information from the mortgage application that can impact your actual rate and payment. An escrow account for real estate taxes, property insurance, and private mortgage insurance and flood insurance (if applicable) may be required. Rates and payments are based upon a loan amount of $260,000.00 for a single-family, owner-occupied home, assumes a limited cash out refinance with 80% loan-to-value, and a representative credit score of 740+. Loan may be subject Loan Level Pricing Adjustments, charged in the form of points, which are based upon the selected loan program and your specific loan application. Your actual APR will be based upon your final loan amount and applicable costs. All loans are subject to credit approval and membership eligibility.
2) Jumbo is used to describe a loan amount that exceeds the maximum loan amounts of conforming loans. Interest rate and APR are subject to change without notice and published rates do not constitute a loan offer. APR = Annual Percentage Rate - The rate that reflects the actual, annual cost of the loan and includes the loan interest rate, private mortgage insurance (PMI), discount points, and some fees. Payment examples reflect a monthly payment of principal and interest only and your actual payment may be higher. Your actual rate and payment may be different, and will be based on your mortgage application and is subject to review for qualification. Your actual loan amount, finance charges, credit history, and transaction type are some examples of information from the mortgage application that can impact your actual rate and payment. An escrow account for real estate taxes, property insurance, and private mortgage insurance and flood insurance (if applicable) may be required. Rates and payments are based upon a loan amount of $800,000 or a single-family, owner-occupied home, assumes a limited cash out refinance with 80% loan-to-value, and a representative credit score of 740+. Loan may be subject Loan Level Pricing Adjustments, charged in the form of points, which are based upon the selected loan program and your specific loan application. Your actual APR will be based upon your final loan amount and applicable costs. All loans are subject to credit approval and membership eligibility.
3) Our construction loan allows a building period up to a maximum of 12 months, and only require interest-only payments during the construction period. One-time and two-time closing opportunities may be available in certain circumstances. Interest rate and APR are subject to change without notice and published rates do not constitute a loan offer. APR = Annual Percentage Rate - The rate that reflects the actual, annual cost of the loan and includes the loan interest rate, private mortgage insurance (PMI), discount points, and some fees. Payment examples reflect a monthly payment of principal and interest only and your actual payment may be higher. Your actual rate and payment may be different, and will be based on your mortgage application and is subject to review for qualification. Your actual loan amount, finance charges, credit history, and transaction type are some examples of information from the mortgage application that can impact your actual rate and payment. An escrow account for real estate taxes, property insurance, and private mortgage insurance and flood insurance (if applicable) may be required. Rates and payments are based upon a loan amount of $260,000 for a single-family, owner-occupied home, assumes a construction refinance (lot already owned), with 80% loan-to-value, and a representative credit score of 740+. Loan may be subject Loan Level Pricing Adjustments, charged in the form of points, which are based upon the selected loan program and your specific loan application. Your actual APR will be based upon your final loan amount and applicable costs. All loans are subject to credit approval and membership eligibility.
4) Interest rate and APR are subject to change without notice and published rates do not constitute a loan offer. APR = Annual Percentage Rate - The rate that reflects the actual, annual cost of the loan and includes the loan interest rate and some fees. Payment examples reflect a monthly payment of principal and interest only and your actual payment may be higher. Your actual rate and payment may be different, and will be based on your mortgage application and is subject to review for qualification. Your actual loan amount, finance charges, credit history, and transaction type are some examples of information from the mortgage application that can impact your actual rate and payment. In some instances, an escrow account for real estate taxes, property insurance, and flood insurance (if applicable) may be required. Rates and payments are based upon a loan amount of $80,000.00 for non-investment, residential-buildable or recreational land, assumes a limited cash out refinance with 80% loan-to-value, and a representative credit score of 740+.Your actual APR will be based upon your final loan amount and applicable costs. All loans are subject to credit approval and membership eligibility.
5) Interest rate and APR are subject to change without notice and published rates do not constitute a loan offer. APR = Annual Percentage Rate - The rate that reflects the actual, annual cost of the loan and includes the loan interest rate, private mortgage insurance (PMI), discount points, and some fees. HCLTV = Home Equity Combined-Loan-To-Value - The sum of the loan amount of the first mortgage, the full amount of any HELOCs (whether or not funds have been drawn), and the unpaid principal balance of any closed-end financing against a property compared against that property's total value. The listed payment examples reflect a monthly payment of principal and interest only and your actual payment may be higher. Your actual rate and payment may be different, and will be based on your mortgage application and is subject to review for qualification. Your actual loan amount, finance charges, and credit history are some examples of information from the mortgage application that can impact your actual rate and payment. Rates and payments are based upon a loan amount of $30,000.00 for a single-family, owner-occupied home, assumes a respective combined-loan-to-value either up to 80% or between 80% to 90%, and a representative credit score of 750+. Your actual APR will be based upon your final loan amount and applicable costs. All loans are subject to credit approval and membership eligibility.
6) APR=Annual Percentage Rate. APR is variable and based on Prime Rate as published in the Money Rates table of the online edition of the Wall Street Journal, plus a margin. Rates shown are for borrowers with 750+ credit score. CLTV = The sum of any outstanding liens against a property compared against that properties total value. Your actual rate will vary based on your credit application. Rates are subject to change without notice. The maximum interest rate of 18% may be imposed in a variable-rate plan. Closing costs may apply and vary based upon the requested loan amount. Minimum monthly payment is equal to 1% of the outstanding balance. Vacant Land does not qualify. Property insurance is required. All loans are subject to credit approval and membership eligibility.
A) ARM= Adjustable Rate Mortgage. The interest rate is fixed for a specified term and then adjustable at a specified frequency, thereafter. A current index and Margin were used to display potential rate and/or payment. ARM APR and Monthly Payment assume and amortization schedule of 30 years.
B) CLTV= Combined-Loan-To-Value - The sum of any outstanding liens against a property compared against that property's total value.
C) HCLTV = Home Equity Combined Loan-to-Value - the sum of the loan amount of the first mortgage, the full amount of any HELOCs (whether or not funds have been drawn), and the unpaid principal balance of any closed-end subordinate financing compared against the property's total value.