SCU Mortgage Rates

Mortgage Rates Effective as of 01/16/2020

Product	Interest Rate & APR	Monthly Payment	Number of Payments
30-Year Fixed Conventional	3.625% Rate / 3.7065% APR	$684.08	360
15-Year Fixed Conventional	3.25% Rate /3.2697% APR	$1,054.00	180
30-Year Fixed Veterans Affairs (VA)	3.25% Rate / 3.6006% APR	$676.31	360
15-Year Fixed Veterans Affairs (VA)	2.875% Rate / 3.5065% APR	$1,063.85	180
30-Year Fixed Federal Housing Authority (FHA)	3.000% Rate / 3.2116% APR	$643.47	360
15-Year Fixed Federal Housing Authority (FHA)	2.875% Rate / 3.2615% APR	$1,044.85	180
100% Fixed Financing Option (First Time Homebuyers)	3.625% Rate / 3.7065% APR	$684.08	360

Rates and APR (Annual Percentage Rate) are subject to change at any time. Rates and/or points may vary depending on your specific needs and circumstance(s) such as credit history and other factors. APR calculations are based on 150k loan amount with a $595 origination fee and 0 points for the purchase of a single-family, primary residence, with a credit score of at least 740, loan to value of 80%* (20% down payment) and 45-day lock period. The payment amount disclosed is a level principal and interest payment for the term of your loan, and does not include taxes, insurance, homeowner association dues, or mortgage insurance. If these are required, or included in your payment, the amount of your payment will increase. Estimated points and origination fees are not a substitute for a loan estimate. Your actual rate, payment, and costs could be higher. Get an official loan estimate before choosing a loan. All borrowers are subject to qualification and final underwriting approval.
*100% financing has a 0% down payment