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Conventional Fixed Rate Mortgage

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

TypeInterest RatePointsAPR*Monthly Payment/$1,000
Conventional 30 Year Fixed 14.500%2.004.766%$5.07
4.625%1.004.805%$5.14
4.750%0.004.843%$5.22
Conventional 20 Year Fixed 24.375%2.004.738%$6.26
4.500%1.004.744%$6.33
4.625%0.004.751%$6.39
Conventional 15 Year Fixed 34.125%2.004.457%$7.46
4.250%1.004.431%$7.52
4.375%0.004.532%$7.59
Conventional 10 Year Fixed 44.000%2.004.702%$10.12
4.125%1.004.625%$10.18
4.250%0.004.475%$10.24

Based on the rate chosen, points may be assessed subject to Fannie Mae pricing adjustments. These adjustments consider loan to value, credit score, loan purpose, term and other factors. Please contact your loan representative if you should have any questions.

*APR equals Annual Percentage Rate
All Rates assume 80% financing with a 20% down payment.
95% financing available for those who qualify. 
For non-conforming rates, contact the Mortgage Department. 
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.

1 Example: A 30-year fixed rate mortgage with 0 points; the rate would be 4.750%. Based on a purchase price of $200,000 with 20% down payment, the amount financed would be $160,000 with 360 monthly payments of approximately $834.64 (principal and interest), a finance charge of $140,468.87 bringing the total payment to $300,468.87.

2 Example: A 20-year fixed rate mortgage with 0 points; the rate would be 4.625%. Based on a purchase price of $200,000 with a 20% down payment, the amount financed would be $160,000 with 240 monthly payments of approximately $1,023.07 (principal and interest), a finance charge of $85,536.00 bringing the total payment to $245,536.00. 

3 Example: A 15-year fixed rate mortgage with 0 points; the rate would be 4.375%. Based on a purchase price of $200,000 with a 20% down payment, the amount financed would be $160,000 with 180 monthly payments of approximately $1,213.79 (principal and interest), a finance charge of $58,482.66 bringing the total payment to $218,482.66.

4 Example: A 10-year fixed rate mortgage with 0 points; the rate would be 4.250%. Based on a purchase price of $200,000 with a 20% down payment, the amount financed would be $160,000 with 120 monthly payments of approximately $1,639.00 (principal and interest), a finance charge of $36,680.06 bringing the total payment to $196,680.06.

 

Adjustable Rate Mortgage

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

Adjustable Mortgage Rates

Interest RatePointsAPR*Monthly Payment/$1,000
3/3 Year ARM13.250%2.004.657%$4.35
3.500%1.004.630%$4.49
3.750%0.004.603%$4.63
5/5 Year ARM23.500%2.004.804%$4.49
3.750%1.004.809%$4.63
4.000%0.004.815%$4.77

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 3.750%. 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 $740.98 (principal and interest), a finance charge of $106,754.58, bringing the total payment to approximately $266,754.58. 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 intial 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 20% down payment, the amount financed would be $160,000 with 360 monthly payments of approximately $763.86 (principal and interest), a finance charge of $114,991.21, bringing the total payment to approximately $274,991.21. Monthly payment may change according to adjustment in rate every five years.

* 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

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)
  • Fixed rate and adjustable rate mortgages available for year-round vacation homes
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

Effective Date: Tuesday, December 11, 2018

Vacation Home Mortgages - Year-Round Fixed

TypeInterest RatePointsAPR*Monthly Payment/$1,000
Conventional 30 Year Fixed 14.750%0.004.843%$5.22
Conventional 20 Year Fixed 24.625%0.004.751%$6.39
Conventional 15 Year Fixed 34.375%0.004.406%$7.59
Conventional 10 Year Fixed 44.250%0.004.221%$10.24

Based on the rate chosen, points may be assessed subject to Fannie Mae pricing adjustments. These adjustments consider loan to value, credit score, loan purpose, term and other factors. Please contact your loan representative if you should have any questions.

*APR equals Annual Percentage Rate All Rates assume 80% financing with a 20% down payment. 95% financing available for those who qualify. For non-conforming rates, contact the Mortgage Department. 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.

1 Example: A 30-year fixed rate mortgage with 0 points; the rate would be 4.750%. Based on a purchase price of $200,000 with 20% down payment, the amount financed would be $160,000 with 360 monthly payments of approximately $834.64 (principal and interest), a finance charge of $140,468.87 bringing the total payment to $300,468.87.

2 Example: A 20-year fixed rate mortgage with 0 points; the rate would be 4.625%. Based on a purchase price of $200,000 with a 20% down payment, the amount financed would be $160,000 with 240 monthly payments of approximately $1,023.07 (principal and interest), a finance charge of $85,536.00 bringing the total payment to $245,536.00.

3 Example: A 15-year fixed rate mortgage with 0 points; the rate would be 4.375%. Based on a purchase price of $200,000 with a 20% down payment, the amount financed would be $160,000 with 180 monthly payments of approximately $1,213.79 (principal and interest), a finance charge of $58,482.66 bringing the total payment to $218,482.66.

4 Example: A 10-year fixed rate mortgage with 0 points; the rate would be 4.250%. Based on a purchase price of $200,000 with a 20% down payment, the amount financed would be $160,000 with 120 monthly payments of approximately $1,639.00 (principal and interest), a finance charge of $36,680.06 bringing the total payment to $196,680.06.

Vacation Home Mortgages- Seasonal Fixed

Effective Date: Tuesday, December 11, 2018

Vacation Home Mortgages- Seasonal Fixed

TypeInterest RatePointsAPR*Monthly Payment/$1,000
Conventional 15 Year Fixed 35.375%0.005.291%$8.10
Conventional 10 Year Fixed 25.250%0.005.515%$10.73

Based on the rate chosen, points may be assessed subject to Fannie Mae pricing adjustments. These adjustments consider loan to value, credit score, loan purpose, term and other factors. Please contact your loan representative if you should have any questions.

*APR equals Annual Percentage Rate All Rates assume 70% financing with a 30% down payment. For non-conforming rates, contact the Mortgage Department. 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.

1 Example: A 15-year fixed rate mortgage with 0 points; the rate would be 5.375%. Based on a purchase price of $200,000 with 30% down payment, the amount financed would be $140,000 with 180 monthly payments of approximately $1,134.65 (principal and interest), a finance charge of $64,237.29 bringing the total payment to $204,237.29.

2 Example: A 10-year fixed rate mortgage with 0 points; the rate would be 5.250%. Based on a purchase price of $200,000 with a 30% down payment, the amount financed would be $140,000 with 120 monthly payments of approximately $1,502.08 (principal and interest), a finance charge of $40,250.06 bringing the total payment to $180,250.06.

Vacation Home Mortgages - Year-Round Adjustable

Effective Date: Tuesday, December 11, 2018

Vacation Home Mortgages - Year-Round Adjustable

Type** (10, 15, 20, or 30 year terms)Interest RatePointsAPR*Monthly Payment/$1,000
3/3 Year ARM 13.750%0.004.603%$4.63
5/5 Year ARM 24.000%0.004.815%$4.77

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 3.750%. 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 $740.98 (principal and interest), a finance charge of $106,754.58, bringing the total payment to approximately $266,754.58. 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 intial 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 20% down payment, the amount financed would be $160,000 with 360 monthly payments of approximately $763.86 (principal and interest), a finance charge of $114,991.21, bringing the total payment to approximately $274,991.21. Monthly payment may change according to adjustment in rate every five years.

*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

Effective Date: Tuesday, December 11, 2018

Vacation Home Mortgages - Seasonal Adjustable

Type** (10, 15, 20, or 30 year terms)Interest RatePointsAPR*Monthly Payment/$1,000
3/3 Year ARM 14.750%0.004.853%$5.22
5/5 Year ARM 25.000%0.005.288%$5.37

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 4.750%. 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 $730.31 (principal and interest), a finance charge of $122,910.26, bringing the total payment to approximately $262,910.26. 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 intial rate.

Example: A 5 year Adjustable Rate Mortgage with 0 points; the rate would be 5.000%. 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 $751.55 (principal and interest), a finance charge of $130,558.20, bringing the total payment to approximately $270,558.10. Monthly payment may change according to adjustment in rate every five years.

*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.

Mortgage Calculators

As you make plans to pursue homeownership goals, these calculators can help you get your finances in order.

Become a Member

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