Rates are effective as of .
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| For the first 10 years, Member may make interest-only payments. Thereafter, payments are fully amortizing and adjusted with each annual interest rate adjustment. Owner-occupied, 1-4 unit single family residences. For Conforming loans up to $417,000 for 1-Unit, or 2-Units up to $533,850, 3-Units up to $645,300 or 4-Units up to $801,950, additional adjustments apply for features such as, but not limited to: Property Type, Loan Purpose, Credit Score, Type of Financing, or LTV/CLTV. (Visit our Mortgage Center for details.) For Jumbo loans, additional adjustments apply for features such as, but not limited to: Property Type, Loan Purpose, Credit Score, Type of Financing, or LTV/CLTV. (Visit our Mortgage Center for details.) |
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APR=Annual Percentage Rate
All RESET products offer 30 Year terms; the 5/1 Reset for conforming loans is also offered at a 15 Year term.
Interest Rate Locks: The above ARM & RESET loans are locked in for 45 days from date application is received.
90 Day Rate Locks Available - .250% loan discount fee required up front - non-refundable.
Minimum Loan Amount for No Fee option is $150,000
On No Fee loans, Member pays normal prepaids and reserves, but lender fees are reduced - see Good Faith Estimates for details.
**APR=Annual Percentage Rate. APRs are based on a loan amount of $100,000 - 80% LTV-refinance
As of 10/3/2008, the Weekly Average Yields on Constant Maturity Treasury Indices ("CMT") are: 1 Yr CMT = 1.59% and 5 Yr CMT = 2.77%
Rates and policies are subject to change without notice.
Redwood Credit Union Member deposit accounts are Federally insured up to $100,000 by the National Credit Union Administration (NCUA)
