Mortgage loans are only available on properties located in
Mississippi, Alabama and Louisiana. Rates are subject to change without
notice.
| 1st Mortgage Loan Rates |
Mortgage Type: |
Term: |
Rate: |
Conventional Loans
1% origination fee
Up to 95% LTV*
|
15 years
30 years
40 years
|
5.875% APR*
6.375% APR*
6.750% APR*
|
Conventional Loans /
Home Possible
1% origination fee
95.01% - 97% LTV* |
15 years
30 years
40 years |
6.250% APR*
6.750% APR*
7.125% APR*
|
VA Loans
1 % origination fee |
15 years
30 years |
6.000% APR*
6.375% APR*
|
FHA Loans
1% origination fee |
15 years
30 years |
6.000% APR*
6.375% APR*
|
These rates include a 1% origination
fee and are subject to change without notice. Some rates include
discount points. However, we offer some rates that have no
origination fee or discount points. If you would like a quote
on these rate programs or have further questions regarding
our first mortgage loan programs, you can call our Mortgage
Department at 228-385-5580.
* Loan to Value (Value equals the lower of appraised value or purchase price)
|
FHA Title I Improvement Loans |
Terms: |
Rate: |
6 months - 15 years
Minimum loan: $1,000
Maximum loan: $25,000 |
8.250% APR*
|
|
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*
|
| Home Equity Line of Credit |
Type: |
Rate: |
|
Home Equity Line of Credit |
Rate is Prime Rate minus 0.5% APR* (variable).
Current Prime
Rate is 5.00%.
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. |
| |
Terms: |
Rates: |
| Up to 60 months |
7.75% APR* (Fixed): under 80%
loan-to-value.
8.50% APR* (Fixed): over 80% loan-to-value. |
Up to 144 months |
Variable rate based on Wall
Street Journal Prime Rate.
Currently 5.00%. Rate cannot exceed 18.0% APR*. |
|
|
|
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.
|
