Mortgages

*Annual Percentage Rate (APR) shown is the lowest rate offered.

Rates shown above are for Owner Occupied 1-4 units only. Your actual rate will depend on various factors, including, loan product, loan amount, credit score, property value, and other factors. Rates are subject to change without notice.

Estimated payments above do not include amounts to be held in escrow for real estate taxes and insurance premiums, including mortgage insurance (if applicable). Your actual payment obligation may be greater. Escrow for real estate taxes may be required. Property insurance is required, and flood insurance may be required.  

Rates shown are quoted on loans with a loan amount of $200,000, with 40% down, and a minimum credit score of 740. Your rate and APR may be higher. Rates may be subject to risk-based adjustments called ‘Loan Level Pricing Adjustments’ (LLPA) as defined by the most recent Fannie Mae or Internal LLPA matrix.

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 3.375%. 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 $707.35 (principal and interest), a finance charge of $94,647.42, bringing the total payment to approximately $254,647.42. 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 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 $729.68 (principal and interest), a finance charge of $102,685.55, bringing the total payment to approximately $262,685.55. 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 5.00% 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 20% down payment, the amount financed would be $160,000 with 360 monthly payments of approximately $775.44 (principal and interest), a finance charge of $119,158.25, bringing the total payment to approximately $279,158.25. 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.

*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 20% 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. 80% LTV available to those who qualify. For 80% LTV or non-conforming rates, contact the Mortgage Department.

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 chart.

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.