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Mortgages

Whether you’re searching for your dream home, refinancing your current home or building your forever home, HRCU can help! Providing many mortgage options, free pre-approvals, and a team of mortgage professionals to guide you every step of the way.  Now, let’s get started!

For more information on a first mortgage or land loan, please call 603-332-6840 and you will be helped by a mortgage representative. Due to high volume, we apologize if you experience a delay speaking to a representative.  

Conventional Fixed Rate Mortgages

Are predictable loan payments more your style? With this mortgage option, the interest rate will never change, so you can be rest assured that your principal and interest payments will be consistent until the end of the term of your choice.

Features
  • Provides consistent month-to-month payments
  • Rate remains constant throughout the life of the loan
  • 10, 15, 20, 30 year terms available
Rates

Mortgage Rates

Mortgage Rates

TypeInterest RatePointsAPR*Monthly Payment/$1,000
Conventional 30 Year Fixed 2.875%0.002.967%$4.15Apply Now
Conventional 20 Year Fixed2.750%0.002.880%$5.42Apply Now
Conventional 15 Year Fixed2.250%0.002.416%$6.55Apply Now
Conventional 10 Year Fixed2.125%0.002.369%$9.26Apply Now

Looking for Adjustable Rate Mortgage rates? Click Here

*All rates are for Owner-Occupied 1-4 units only. Estimated payments above do not include amounts for taxes and insurance payments. Your payments may be greater. APR equals Annual Percentage Rate and assumes a purchase price of $200,000 with a 40% down payment and zero (0) points. Your rate and APR may be higher, all loans priced individually. Rates are subject to change at any time.

Fixed Rate Mortgage loans may be subject to risk-based pricing adjustments known as Loan Level Pricing Adjustments (LLPA) based on the most recent Fannie Mae LLPA matrix.

Fixed Rate Mortgage loans not sold to the secondary market (portfolio loans) may be subject to internal Loan Level Pricing Adjustments (LLPA).

LLPA adjustments consider items such as loan to value, credit score, loan purpose, term and other factors and may cause your rate to be higher.

NOTE: One point is equal to 1% of the amount financed.

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Adjustable Rate Mortgages

If your budget would benefit from a lower interest rate for the initial part of your loan's term, then our adjustable rate mortgage may be the right fit for you. With this option, the interest rate will be fixed for a predetermined period of time, but then it may fluctuate based on market conditions for the remainder of the term.

Features
  • 3/3 year, 5/5 year and 10/1 year options available
  • Weekly, bi-weekly or monthly payment options
Rates

Adjustable Mortgage Rates

Adjustable Mortgage Rates

Interest RatePointsAPR*Monthly Payment/$1,000***
3/3 Year ARM12.625%0.002.663%$4.02Apply Now
5/5 Year ARM22.750%0.002.788%$4.08Apply Now
10/1 Year ARM32.875%0.002.914%$4.15Apply Now

1 Fixed for 36 Months and unlike a 3/1 ARM** ours is fixed for the first three years and then rates are subject to change every three years thereafter. The most your rate may increase at each change period/three years would be 2.00%. Rate adjustment increases will not exceed 6.00% over the life of the loan and the lowest rate (floor rate) will not go below your initial rate.

Example: A 3 year Adjustable Rate Mortgage with 0 points; the rate would be 2.625%. Based on a purchase of $200,000 with a 20% down payment, the amount financed would be $160,000 with 360 monthly payments of approximately $642.64 (principal and interest), a finance charge of $71,350.71, bringing the total payment to approximately $231,350.71. Monthly payment may change according to adjustment in rate every three years.

2 Fixed for 60 Months and unlike a 5/1 ARM** ours is fixed for the first five years and then rates are subject to change every five years thereafter. The most your rate may increase at each change period/5 years would be 2.00%. Rate adjustment increases will not exceed 6.00% over the life of the loan and the lowest rate (floor rate) will not go below your initial rate.

Example: A 5 year Adjustable Rate Mortgage with 0 points; the rate would be 2.750%. Based on a purchase of $200,000 with a 20% down payment, the amount financed would be $160,000 with 360 monthly payments of approximately $653.19 (principal and interest), a finance charge of $75,146.92, bringing the total payment to approximately $235,146.92. Monthly payment may change according to adjustment in rate every five years.

3 Fixed for 120 Months and then rates are subject to change every year thereafter. The most your rate may increase each year would be 2.00%. Rate adjustment increases will not exceed 6.00% over the life of the loan and the lowest rate (floor rate) will not go below your initial rate.

Example: A 10 year Adjustable Rate Mortgage with 0 points; the rate would be 2.875%. Based on a purchase of $200,000 with a 20% down payment, the amount financed would be $160,000 with 360 monthly payments of approximately $663.83 (principal and interest), a finance charge of $78,978.07, bringing the total payment to approximately $238,978.07. Monthly payment may change according to adjustment in rate every year.

* APR equals Annual Percentage Rate

** ARM equals Adjustable Rate Mortgage.

*** Payments do not include taxes and insurance, your payment may be greater.

All Rates assume 80% financing with a 20% down payment. For non-conforming rates, contact the Mortgage Department. Index for all Adjustable Rate Mortgages is the weekly average of the U.S. Treasury securities for the applicable term. All rates subject to change daily and can only be guaranteed by HRCU Mortgage Department.

For more information call (603) 332-6840 or toll free at (877) 895-6840.NOTE: One point is equal to 1% of the amount financed.

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Vacation Home Mortgages

Whether your ideal escape is to the lakes region, mountains or a scenic countryside, you can stop dreaming and start enjoying a seasonal or year-round vacation home.

Additional Details
  • Property must be located in NH
  • Year-round and seasonal (used only during spring/summer/fall) properties eligible
  • Single-family detached dwellings; those with in-law units also eligible
  • Property must be occupied by owner annually
  • Purchases or refinances welcome (cash-out refinances only available on year-round properties)
Year-Round vs. Seasonal

A year-round vacation home structure would be considered livable in all 4 seasons, similar to a primary residence. A seasonal vacation home is used only in the spring/summer/fall (seasonally).

A seasonal property typically does not have a central heating system, may not be insulated, may not have a conventional foundation or a full plumbing system (ie: cold water only).

Rates

Vacation Home Mortgages - Year-Round Fixed

Vacation Home Mortgages- Seasonal Fixed

Vacation Home Mortgages - Year-Round Adjustable

Vacation Home Mortgages - Year-Round Adjustable

Type** (10, 15, 20, or 30 year terms)Interest RatePointsAPR*Monthly Payment/$1,000
3/3 Year ARM 13.625%0.003.679%$4.56Apply Now
5/5 Year ARM 23.750%0.003.804%$4.63Apply Now
10/1 Year ARM 33.875%0.003.930%$4.70Apply Now

1 Fixed for 36 Months and unlike a 3/1 ARM ours is fixed for the first three years and then rates are subject to change every three years thereafter. The most your rate may increase at each change period/three years would be 2.00%. Rate adjustment increases will not exceed 6.00% over the life of the loan and the lowest rate (floor rate) will not go below your intial rate.

Example: A 3 year Adjustable Rate Mortgage with 0 points; the rate would be 3.625%. Based on a purchase of $200,000 with a 20% down payment, the amount financed would be $160,000 with 360 monthly payments of approximately $547.26 (principal and interest), a finance charge of $77,014.16, bringing the total payment to approximately $197,014.16. Monthly payment may change according to adjustment in rate every three years.

2 Fixed for 60 Months and unlike a 5/1 ARM ours is fixed for the first five years and then rates are subject to change every five years thereafter. The most your rate may increase at each change period/5 years would be 2.00%. Rate adjustment increases will not exceed 6.00% over the life of the loan and the lowest rate (floor rate) will not go below your initial rate.

Example: A 5 year Adjustable Rate Mortgage with 0 points; the rate would be 3.750%. Based on a purchase of $200,000 with a 20% down payment, the amount financed would be $140,000 with 360 monthly payments of approximately $555.74 (principal and interest), a finance charge of $80,065.94, bringing the total payment to approximately $200,065.94. Monthly payment may change according to adjustment in rate every five years.

3 Fixed for 120 Months and then rates are subject to change every year thereafter. The most your rate may increase each year would be 2.00%. Rate adjustment increases will not exceed 6.00% over the life of the loan and the lowest rate (floor rate) will not go below your initial rate.

Example: A 10 year Adjustable Rate Mortgage with 0 points; the rate would be 3.875%. Based on a purchase of $200,000 with a 20% down payment, the amount financed would be $160,000 with 360 monthly payments of approximately $564.28 (principal and interest), a finance charge of $83,142.42, bringing the total payment to approximately $203,142.42. Monthly payment may change according to adjustment in rate every year.

*APR equals Annual Percentage Rate

**ARM equals Adjustable Rate Mortgage All Rates assume 80% financing with a 20% down payment. For non-conforming rates, contact the Mortgage Department. Index for all Adjustable Rate Mortgages is the weekly average of the U.S. Treasury securities for the applicable term. All rates subject to change daily and can only be guaranteed by HRCU Mortgage Department. For more information call (603) 332-6840 or toll free at (877) 895-6840. NOTE: One point is equal to 1% of the amount financed.

Vacation Home Mortgages - Seasonal Adjustable

Vacation Home Mortgages - Seasonal Adjustable

Type** (10, 15, 20, or 30 year terms)Interest RatePointsAPR*Monthly Payment/$1,000
3/3 Year ARM 13.875%0.003.930%$4.70Apply Now
5/5 Year ARM 24.000%0.004.055%$4.77Apply Now
10/1 Year ARM 34.125%0.004.181%$4.85Apply Now

1 Fixed for 36 Months and unlike a 3/1 ARM ours is fixed for the first three years and then rates are subject to change every three years thereafter. The most your rate may increase at each change period/three years would be 2.00%. Rate adjustment increases will not exceed 6.00% over the life of the loan and the lowest rate (floor rate) will not go below your initial rate.

Example: A 3 year Adjustable Rate Mortgage with 0 points; the rate would be 3.875%. Based on a purchase of $200,000 with a 30% down payment, the amount financed would be $140,000 with 360 monthly payments of approximately $564.28 (principal and interest), a finance charge of $83,142.42 bringing the total payment to approximately $203,142.42. Monthly payment may change according to adjustment in rate every three years.

2 Fixed for 60 Months and unlike a 5/1 ARM ours is fixed for the first five years and then rates are subject to change every five years thereafter. The most your rate may increase at each change period/5 years would be 2.00%. Rate adjustment increases will not exceed 6.00% over the life of the loan and the lowest rate (floor rate) will not go below your initial rate.

Example: A 5 year Adjustable Rate Mortgage with 0 points; the rate would be 4.000%. Based on a purchase of $200,000 with a 30% down payment, the amount financed would be $140,000 with 360 monthly payments of approximately $572.90 (principal and interest), a finance charge of $86,243.41, bringing the total payment to approximately $206,243.41. Monthly payment may change according to adjustment in rate every five years.

3 Fixed for 120 Months and then rates are subject to change every year thereafter. The most your rate may increase each year would be 2.00%. Rate adjustment increases will not exceed 6.00% over the life of the loan and the lowest rate (floor rate) will not go below your initial rate.

Example: A 10 year Adjustable Rate Mortgage with 0 points; the rate would be 4.125%. Based on a purchase of $200,000 with a 30% down payment, the amount financed would be $160,000 with 360 monthly payments of approximately $581.58 (principal and interest), a finance charge of $89,368.68, bringing the total payment to approximately $209,368.68. Monthly payment may change according to adjustment in rate every year.

*APR equals Annual Percentage Rate

**ARM equals Adjustable Rate Mortgage All Rates assume 70% financing with a 30% down payment. For non-conforming rates, contact the Mortgage Department. Index for all Adjustable Rate Mortgages is the weekly average of the U.S. Treasury securities for the applicable term. All rates subject to change daily and can only be guaranteed by HRCU Mortgage Department. For more information call (603) 332-6840 or toll free at (877) 895-6840. NOTE: One point is equal to 1% of the amount financed.

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