Member Updates

The lobby at our 1208 Dwelly Street, Fall River location will remain closed at this time. Click Here for important information about lobby access.

TODO Alt Text REQUIRED

Rates

Mortgage Rate Sheet

Rates Effective

October 22, 2020

MORTGAGE PROGRAMS

INTEREST RATEPOINTSANNUAL PERCENTAGE RATE* MONTHLY PAYMENTS PER $1000TERM

90th ANNIVERSARY SPECIAL MORTGAGE PROGRAM^

10 YEAR FIXED RATE^

1.900%01.939%$9.16120 months

FRMCU FIRST TIME HOMEBUYERS PROGRAM:

FIRST TIME HOME BUYERS PROGRAM3.375%03.395%$4.42360 months

MASSHOUSING MORTGAGE PROGRAMS:

MassHousing3.375%03.397%$4.42360 months

CONVENTIONAL MORTGAGE PROGRAMS FNMA LOAN LIMITS:

**30 Year Fixed Rate2.875%02.893%$4.15360 months
**30 Year Fixed Rate2.750%12.845%$4.08360 months
 
**20 Year Fixed Rate2.875%02.900%$5.48240 months
**20 Year Fixed Rate2.750%12.885%$5.42240 months
 
**15 Year Fixed Rate2.750%02.782%$6.79180 months
**15 Year Fixed Rate2.625%12.800%$6.73180 months
 
**10 Year Fixed Rate2.750%02.797%$9.54120 months
**10 Year Fixed Rate2.625%12.880%$9.48120 months

CONSTRUCTION MORTGAGE PROGRAM

**30 Year Fixed Rate3.250%03.369%$4.44360 months

*** ADJUSTABLE RATE MORTGAGE PROGRAM  

CapsInterest RatePointsAnnual Percentage Rate*Monthly Payments per $1000Fully Indexed Monthly Pmts/$1000
3/1 ARM2% / 6%2.750%03.738%$4.08$7.87
5/1 Year ARM2% / 6%2.875%03.623%$4.15$7.96
7/1 Mortgage2% / 6%3.000%03.554%$4.22$8.05
10/1 Mortgage2% / 6%3.250%03.562%$4.35$8.22

FIXED RATE INVESTMENT 1-4 units MORTGAGE MEMBER BUSINESS PROGRAM

25 Year Fixed Rate4.875%15.007%$5.77300 months

ARM INVESTMENT 5-8 units MORTGAGE MEMBER BUSINESS PROGRAM

7/1 Mortgage 25 Year2%/6%4.875%15.007%$5.77$9.71

LAND LOAN MORTGAGES


Buy Fall River Buy New Bedford


FINANCING AVAILABLE
FOR INVESTMENT PROPERTY


FHA/VA PROGRAMS AVAILABLE


MassHousing


Home of the Brave

Please contact the Credit Union for details.

Equal Opportunity Lender. NMLS ID# 410816MSIC logoFederally Insured by NCUA



Offices in Fall River & Assonet
Connecting all offices: 508.678.9028

Mortgage Team

Donna Correia NMLS# 5571

(508) 678-9028

Jessica DeMello NMLS# 592646

(508) 678-9028



Please call for an appointment that is convenient for you,

NMLS ID# 410816

^ Single family owner-occupied. Maximum loan to value (LTV) 70%. No Condo's with Special Rate. Minimum credit score 740. Cannot be combined with any other offers.


*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 add 0.50% to all conventional current rates.
Jumbo Mortgages available on single family homes only. Amounts exceeding FNMA limit add 0.25% to all ARM Product 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 1.25% to current ARM rates shown above. Requires 20% down payment.

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

little girl smiling holding piggy bank

Here's a sure way to have money when it is needed.

Your money will grow at a healthy rate with our generous dividend rates.

New home mortgage rates

MORTGAGE Rates

View Rates Now

We have a mortgage plan to meet your needs.

Let us help you make the home of your dreams a reality.