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1.877.67FRMCU
Rates

Mortgage rate sheet

Type

Interest Rate     

Points

Annual Percentage Rate*    

Monthly Payments  per $1000    

Term

FIRST TIME HOME BUYERS PROGRAM

4.250%

0

4.273%

$4.92

360 months

HOME FOR THE BRAVE

4.375%

0

4.399%

$4.99

360 months

BUY FALL RIVER BUY NEW BEDFORD

4.375%

0

4.399%

$4.99

360 months

CONVENTIONAL MORTGAGE PROGRAMS

30 Year Fixed Rate

4.000%

0

4.022%

$4.77

360 months

30 Year Fixed Rate

3.875%

1

3.976%

$4.70

360 months

  

20 Year Fixed Rate

3.750%

0

3.779%

$5.93

240 months

20 Year Fixed Rate

3.625%

1

3.763%

$5.86

240 months

   

15 Year Fixed Rate

3.250%

0

3.284%

$7.03

180 months

15 Year Fixed Rate

3.125%

1

3.303%

$6.97

180 months

  

10 Year Fixed Rate

3.125%

0

3.173%

$9.71

120 months

10 Year Fixed Rate

3.000%

1

3.258%

$9.66

120 months

FRMCU REFINANCE RELIEF PROGRAM

Type

Interest Rate

Points

Annual Percentage Rate*

Monthly Payments per $1000

Term

30 Year Fixed Rate

5.000%

0

5.027%

$5.37

360 months

20 Year Fixed Rate

4.750%

0

4.785%

$5.93

240 months

15 Year Fixed Rate

4.250%

0

4.291%

$7.52

180 months

10 Year Fixed Rate

4.125%

0

4.182%

$10.18

120 months

** ADJUSTABLE RATE MORTGAGE PROGRAM  

Type

Caps

Interest Rate

Points

Annual Percentage Rate*

Monthly Payments per $1000

Fully Indexed Monthly Pmts/$1000

3/1 ARM

2% / 6%

3.125%

0

4.207%

$4.28

$5.45

5/1 Year ARM

2% / 6%

3.250%

0

4.287%

$4.35

$5.52

7/1 Mortgage

2% / 6%

3.375%

0

4.391%

$4.42

$5.60

10/1 Mortgage

2% / 6%

3.500%

0

4.544%

$4.49

$5.68

FIXED RATE INVESTMENT 1-4 units MORTGAGE MEMBER BUSINESS PROGRAM 

25 Year Fixed Rate

5.375%

1

5.507%

$6.07

300 months

ARM INVESTMENT 5-8 units MORTGAGE MEMBER BUSINESS PROGRAM 

7/1 Mortgage 25 Year

2%/6%

5.375%

1

4.391%

$4.42

$5.60

MASSHOUSING PROGRAMS

Rates Effective 6/22/2017

Type

Interest Rate

Points

Annual Percentage Rate*

Monthly Payments per $1000

Term

MASSHOUSING MORTGAGE

30 Year

4.125%

0

4.147%

$4.85

360 months

MASSHOUSING MORTGAGE WITH NO MORTGAGE INSURANCE

30 Year

4.875%

0

4.901%

$5.29

 

360 months

OPERATION WELCOME HOME

30 Year

4.125%

0

4.147%

$4.85

360 months

 

CONSTRUCTION-PERMANENT, NON-OWNER OCCUPIED INVESTMENT PROPERTY & LAND LOAN MORTGAGES

Please contact the Credit Union for details.

FINANCING AVAILABLE
FOR INVESTMENT PROPERTY

FHA/VA AND REVERSE MORTGAGE PROGRAMS AVAILABLE

MASSHOUSING MORTGAGE PROGRAMS

 

U.S. Department of Housing and Urban Development

Since 1961, we've met the needs of the Commonwealth's credit unions for added protection of their members' deposits. Providing excess insurance to select state and federally chartered credit unions across the Commonwealth, MSIC is proud to be a vital part

The mission of the NCUA is to provide, through regulation and supervision, a safe and sound credit union system, which promotes confidence in the national system of cooperative credit.



Mortgage Team
Offices in Fall River, Assonet, & Swansea
Connecting all offices: 508.678.9028
  Donna Correia NMLS# 5571
Cherie Ashton NMLS# 499836


For an appointment that is convenient for you,

please call 508-678-9028.

NMLS ID# 410816

 

*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 limit ($417,000.00) add 0.50% to current rates.
1-4 family owner-occupied with a Life Estate - add 0.50% to 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.

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 payment.

** Investment Mortgage: Available on 5-8 family non-owner occupied residence. Adjustable Rate Program only. Add 2.00% to current ARM rates shown above. Requires 1 point and 20% down payment.

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

MASSHOUSING PROGRAMS Print Version
MORTGAGE PROGRAMS Print Version

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Fall River Municipal Credit Union