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Rates

Mortgage Rate Sheet

Rates Effective

May 5, 2022

MORTGAGE PROGRAMS

INTEREST RATE*POINTSANNUAL PERCENTAGE RATE* MONTHLY PAYMENTS PER $1000TERM
 

CONVENTIONAL MORTGAGE PROGRAMS FNMA LOAN LIMITS:

30 Year Fixed Rate5.125%05.162%$5.44360 months
 
20 Year Fixed Rate5.000%05.050%$6.60240 months
 
15 Year Fixed Rate4.125%04.187%$7.46180 months
 
10 Year Fixed Rate3.625%03.714%$9.95120 months

CONSTRUCTION MORTGAGE PROGRAM

30 Year Fixed Rate5.500%05.538%$5.68360 months

*** ADJUSTABLE RATE MORTGAGE PROGRAM  

CapsInterest RatePointsAnnual Percentage Rate*Monthly Payments per $1000Fully Indexed Monthly Pmts/$1000
3/1 ARM2% / 6%2.875%02.908%$4.15$7.96
5/1 Year ARM2% / 6%3.000%03.033%$4.22$8.05
7/1 Mortgage2% / 6%3.125%03.158%$4.28$8.14
10/1 Mortgage2% / 6%3.375%03.408%$4.42$8.32

FIXED RATE INVESTMENT 1-4 units MORTGAGE MEMBER BUSINESS PROGRAM

25 Year Fixed Rate5.750%15.899%$6.07300 months

ARM INVESTMENT 5-8 units MORTGAGE MEMBER BUSINESS PROGRAM

7/1 Mortgage 25 Year2%/6%4.750%14.892%$5.70$9.62

LAND LOAN MORTGAGES


FINANCING AVAILABLE FOR INVESTMENT PROPERTY

Please contact the Credit Union for details.

EOL logoMSIC logoFederally Insured by NCUA
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Offices in Fall River & Assonet
Connecting all offices: 508.678.9028

Mortgage Team

James Maloney NMLS# 3686 Email jmaloney@frmcu.com

Jessica DeMello NMLS# 592646 Email jdemello@frmcu.com

(508) 678-9028



Please call for an appointment that is convenient for you,

NMLS ID# 410816

*Estimated APR (Annual Percentage Rate) based on a $200,000.00 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. Rates quoted are for single family detached owner-occupied (conforming) property, other rates and terms available based on property type.


***Investment Mortgage: Available on 1-4 family non-owner occupied residence. Adjustable Rate Program only. Add 1.25% to current ARM rates shown above. Requires 20% down payment.


Jumbo Mortgages available on single family homes only. Amounts exceeding FNMA limit add 0.50% to all conventional fixed current rates and add 0.25% to all ARM product current rates.

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

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