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1st & 2nd Mortgage Rates

Please Note: Rates do not apply to existing McCoy Federal loans.

We are proud to offer McCoy Federal Credit Union Mortgage Solutions designed to meet your specific mortgage needs. Our Mortgage Team is composed of long term mortgage professionals committed to providing you with the right mortgage product for your families needs.

First Mortgages
Rates shown for Single Family Detached Homes
Type
Rate
APR
Points
10 year - fixed
15 year - fixed
20 year - fixed
30 year - fixed

as low as 5.50%
as low as 5.75%
as low as 6.25%
as low as 6.25%

5.820%
5.977%
6.434%
6.389%

0
0
0
0
Disclosure

The annual percentage rate (APR) is the cost of credit over the term of the loan expressed as an annual rate. Interest rates and APRs are based on current market rates and are for informational purposes only. Rates are subject to change without notice and APR (Annual Percentage Rate) calculations are based on certain assumptions related to closing costs and fees.

For the APR's listed, the calculation is based on a purchase price of $264,000.00 with a 5% down payment yielding a loan amount of $250,800.00, excellent credit, an owner-occupied property, a 95% combined loan-to-value ratio, and estimated PMI. The payments listed below include principal and interest only they do not include taxes and insurance or estimated PMI  -  actual obligations will be greater. Based on this example, monthly payments of principal + interest only would be $2,721.84 for a 10-year loan, $2,082.67 for a 15-year loan, $1,833.17 for a 20-year loan and $1,544.22 for a 30-year loan. Subject to credit approval.

Second Mortgages
Rates shown for Single Family Detached Homes
Type
Rate
APR
Points

2nd Mortgage
20 year fixed - Up to 100% Loan to Value

as low as 7.25%

7.482%

0
Disclosure
Info Sheet - 2nd Mortgage

The annual percentage rate (APR) is the cost of credit over the term of the loan expressed as an annual rate. Interest rates and APRs are based on current market rates and are for informational purposes only. Rates are subject to change without notice and APR (Annual Percentage Rate) calculations are based on certain assumptions related to closing costs and fees.

For the APR listed, the calculation is based on a zero-down payment on a loan amount of $100,000, excellent credit, a 100% combined loan-to-value ratio, and does not include taxes and insurance  -  actual obligations will be greater. Based on this example, monthly payments of principal + interest only would be $790.38 for a 20-year loan. If approved, your terms may vary based upon your specific situation. Subject to credit approval.

2nd Mortgage
20 year fixed - Up to 80% Loan to Value

 as low as 7.00%

 

 7.229% 0
Disclosure
Info Sheet
APPLY NOW

The annual percentage rate (APR) is the cost of credit over the term of the loan expressed as an annual rate. Interest rates and APRs are based on current market rates and are for informational purposes only. Rates are subject to change without notice and APR (Annual Percentage Rate) calculations are based on certain assumptions related to closing costs and fees.

For the APR listed, the calculation is based on a zero-down payment on a loan amount of $100,000, excellent credit, a 80% combined loan-to-value ratio, and does not include taxes and insurance  -  actual obligations will be greater. Based on this example, monthly payments of principal + interest only would be $775.30 for a 20-year loan. If approved, your terms may vary based upon your specific situation. Subject to credit approval.
 
DISCLAIMER
All rates are shown as Annual Percentage Rates, and are subject to change without notice.