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.
|
