Member Updates

Effective Sunday December 6th, our lobbies will close in compliance with CDC recommendations. Note: All drive ups will remain open and online banking, mobile banking and ATMS’ will still be in use. The lobby at our 1208 Dwelly Street, Fall River location will remain closed at this time. Click Here for important information about lobby access.

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Rates

Mortgage Rate Sheet

Rates Effective

January 14, 2021

MORTGAGE PROGRAMS

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

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.

EOL logoMSIC logoFederally Insured by NCUA



Offices in Fall River & Assonet
Connecting all offices: 508.678.9028

Mortgage Team

Jessica DeMello NMLS# 592646

Joseph Ganem NMLS# 484876

(508) 678-9028



Please call for an appointment that is convenient for you,

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. 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 current fixed 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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