Deposit
Loans
Mortgages

Mortgage Rates

All products and rates quoted are for Owner Occupied 1-4 family. Private Mortgage Insurance (PMI) required if Loan to Value (LTV) exceeds 80% or if noted otherwise. Other rates and terms may be available based on credit worthiness.Please contact a People's Credit Union Mortgage Specialist for additional details. 

People's Credit Union has a variety of additional terms available for you.  If you would like more information on a product that you do not see listed on this page, please contact us at 401.846.8930.

Rates are subject to change without notice.


Adjustable Rate Mortgages

Effective: March 12, 2010

 Program

Interest Rate

Points

APR*

 Monthly Payments
 5 to 1 ARM
5.125%

0

 3.87% Payments 1-60
$544.49

Payments 61-360
$442.23

 10 to 1 ARM

5.750%
0
5.06%
Payments 1-120
$583.57

Payments 121-360
$492.81

* Annual Percentage Rate (APR) subject to change without notice. 5 to 1 Adjustable Caps 2% - 6% 10 to 1 Adjustable Cap 5% after initial 10 years; 2% - 5% thereafter. Margin 2.50% Index .34% All payments quoted with beginning balance of  $100,000



Fixed Rate Mortgages

Effective: March 12, 2010

 Program

Interest Rate

Points

APR*

 Monthly Payments
 15 Year
4.50%

0

 4..53% $7.65
 30 Year

5.25%
0
5.27% $5.52
 40 Year

7.000% 0

 7.02%

$6.21

* Annual Percentage Rate (APR) subject to change without notice. Monthly payments are disclosed per $1,000



First Time Home Buyers Program

Effective: March 12, 2010


 Program

Interest Rate

Points

APR*

 Monthly Payments
 10/1 ARM 1-2 Family
Owner Occupied Purchase Only

5.625%

0

 4.93% Payments 1-120
$575.66

Payments 121-360
$485.73

* Annual Percentage Rate (APR) subject to change without notice. Maximum loan amount $750,000. Purchase only.  Cap: 5% after initial 10 years; 2%-5% thereafter. Margin: 2.50% Index: .34% Maximum Loan to Value (LTV): 90% Applicants may be required to complete a Home Buyer Education program prior to closing. All payments quoted with beginning balance of $100,000.



Home Equity Line of Credit

Effective: March 12,  2010


 Program

Interest Rate

Points

APR*

 Home Equity Line
of Credit

4.50%

0

 4.50%

* Annual Percentage Rate (APR) subject to change without notice. Maximum loan amount $250,000. Rate offered on Lines with maximum Loan To Value (LTV) of 80%. Other rates and terms available on creditworthiness. Owner-occupied homes only.



Fixed Rate Home Equity Loans

Effective: March 12, 2010


Program Points
APR*
Monthly Payment Per
$1,000 Borrowed

 10 Years

0

6.00%

 $11.10
15 Years

0

6.50%

$8.71
 20 Years

 0  7.00% $7.75

* Annual Percentage Rate (APR) subject to change without notice. Rate offered with maximum Loan-To-Value (LTV) of 80%. Monthly payments are disclosed per $1,000.