Mortgage
loans are only available on properties located in Mississippi, Alabama
and Louisiana. Rates are subject to change without notice. Interest
Rates are based on an evaluation of each member's credit history,
loan-to-value (LTV), and loan purpose, therefore your interest rate may
differ from what is shown here. All loans are subject to credit
approval.
Special Notice
Due to historic low mortgage interest rates, our loan application
volume has increased. We appreciate your patience during this busy
time. We are completing applications as quickly as possible. Please
note that interest rates cannot be locked until we have received
signed mortgage application disclosures from the applicant.
| 1st Mortgage Loan Rates |
Mortgage Type: |
Term: |
Fee:1 |
Rate:2 |
Conventional Loans
Up to 95% LTV3 |
15 years
30 years
15 years
30 years
|
|
4.500%
5.125%
4.750%
5.375%
|
USDA / RHS
100% LTV3
|
30 years
30 years
|
1%
0%
|
5.875%
6.250%
|
| VA Loans |
15 years
30 years
15 years
30 years
|
1%
1%
0%
0%
|
6.000%
5.500%
6.500%
6.000%
|
|
FHA Loans
|
15 years
30 years
15 years
30 years
|
1%
1%
0%
0%
|
6.000%
5.500%
6.500%
6.000%
|
1 Fee - Origination Fee; 2 WAC - 'with
approved credit'; 3 LTV - Loan to Value (Value equals the lower of
appraised value or purchase price)
Home Possible Program 97% LTV is no longer available. This program has
been replaced with the USDA/RHS government loan program.
These rates are subject to change without notice. Some rates include
discount points. If you have further questions regarding
our first mortgage loan programs, you can call our Mortgage
Department at 228-385-5580.
|
FHA Title I Improvement Loans |
Terms: |
Rate: |
6 months - 15 years
Minimum loan: $1,000
Maximum loan: $25,000 |
8.250%*
|
|
Home Equity Fixed Rate Closed End |
Mortgage Type: |
Term: |
Rate: |
80% LTV or Less
Max Loan Amt. $200,000 |
Up to 60 Months
61 to 120 Months
121 to 180 Months
181 to 240 Months
|
5.990 % APR*
5.990 % APR*
6.990 % APR*
7.490 % APR*
|
80.01% - 90% LTV
Max. Loan Amt. $200,000 |
Up to 60 Months
61 to 120 Months
121 to 180 Months
181 to 240 Months |
5.990 % APR*
6.240 % APR*
7.240 % APR*
7.740 % APR*
|
90.01% or Greater LTV
Max. Loan Amt. $200,000 |
Up to 60 Months
61 to 120 Months
121 to 180 Months
181 to 240 Months |
6.490 % APR*
6.740 % APR*
7.740 % APR*
7.990 % APR*
|
| |
Type: |
Rate: |
|
Home Equity Line of Credit |
Rate is Prime Rate minus 0.5% APR* (variable).
Current Prime
Rate is 3.25%.
Rate can adjust quarterly.
Annual rate cap is 2% and maximum rate cannot exceed 18%.
Currently the rate is discounted at 2.99%
APR* for the first six months.
Up to 100% of available equity.
No closing costs with a $10,000 minimum advance requirement.
Call KFCU at 228-385-5580
for more details. |
*APR - Annual Percentage Rate; LTV - Loan to Value (Value equals the lower of appraised value or purchase price)
| |
Terms: |
Rates: |
| Up to 60 months |
7.75%* (Fixed): under 80%
loan-to-value.
8.50%* (Fixed): over 80% loan-to-value. |
Up to 144 months |
Variable rate based on Wall
Street Journal Prime Rate.
Currently 3.25%. Rate cannot exceed 18.0%*. |
|
|
|
To get more information, call 1-800-647-3960 or visit one
of the offices listed below.
Click
here for a Credit Union Consumer Facts Home Buying Guide.
If you would like to use a calculator to get an idea of your
mortgage payment (P&I), click
here.
|
