Fixed Rate 1st Mortgages
First mortgage for purchase or refinance of primary residence, up to 80% LTV, $100 application fee, no points, minimum payment $125 per month, appraisal required**, credit report fee**.
| Term | Annual Percentage Rate |
|---|---|
| 1 - 180 Months | 5.875% |
| 181 - 240 Months | 6.125% |
30 Year Fixed Rate
Up to Conventional loan limit: Purchase of primary residence, up to 80% LTV, origination fee .50%, no application fee, minimum payment $125 per month, appraisal required**, credit report fee**.
| Term | Annual Percentage Rate |
|---|---|
| 360 Months | 6.250% |
Up to Conventional loan limit: Refinance current mortgage of primary residence (other than MSEFCU), up to 80% LTV, origination fee .50%, no application fee, minimum payment $125 per month, appraisal required**, credit report fee**.
| Term | Annual Percentage Rate |
|---|---|
| 360 Months | 6.250% |
Purchase of primary residence up to $375,000, up to 95% LTV, No Private Mortgage Insurance (PMI), origination fee .50%, no application fee, minimum payment $125 per month, appraisal required**, credit report fee**.
| Term | Annual Percentage Rate |
|---|---|
| 360 Months | 6.875% |
Refinance current mortgage of primary residence (other than MSEFCU) up to $375,000, no cash out, up to 90% LTV, No PMI, origination fee .50%, no application fee, minimum payment $125 per month, appraisal required**, credit report fee**.
| Term | Annual Percentage Rate |
|---|---|
| 360 Months | 6.875% |
Refinance or home equity purposes for primary residence, up to 80% LTV, no points, $100 application fee, minimum payment $125 per month, appraisal required**, credit report fee**.
| Term | Annual Percentage Rate |
|---|---|
| 1 - 60 Months |
6.250% |
| 61 - 84 Months |
6.500% |
| 85 - 120 Months | 7.000% |
| 121 - 180 Months | 7.250% |
Non-Owner Occupied 1st Mortgage
Up to 70% LTV, no application fee, origination fee 1%
| Term | Annual Percentage Rate |
|---|---|
| Up to 360 months |
Call for current rate & availability |
Land or Lot Purchase
Up to 70% LTV, no points, $100 application fee, no application fee, minimum payment $125 per month, appraisal required**, credit report fee**.
| Term | Annual Percentage Rate |
|---|---|
| 1 - 84 Months |
8.25% |
| 85 - 120 Months |
8.50% |
| 121 - 180 Months | 8.75% |
Fixed-rate, interest-only loan for the purpose of building primary residence, may include land purchase, up to 80% LTV, not to exceed cost to build. Appraisal required, no points, $500 application fee**, $1,500 processing fee**.
| Term | Annual Percentage Rate |
|---|---|
| 12 month building agreement |
10.75% |
Home Equity Line of Credit (HELOC)
Revolving credit line secured by primary residence, variable rate mortgage, up to 80% LTV, $100,000 maximum loan amount, no points, $300 application fee . Minimum payment $100 based on a tiered payment schedule. No annual fee. Federal Discount rate index with a margin of 2.00%, maximum change 1% per year. Minimum interest rate 4%. Appraisal required**. Credit report fee**.
Revolving credit line secured by primary residence, variable rate mortgage, up to 80% LTV, $100,000 maximum loan amount, no points, $300 application fee . Minimum payment $100 based on a tiered payment schedule. No annual fee. Federal Discount rate index with a margin of 2.00%, maximum change 1% per year. Minimum interest rate 4%. Appraisal required**. Credit report fee**.
| Term | Annual Percentage Rate |
|---|---|
| 10 Year Call Date |
Variable Rate/Federal Discount Rate plus 2.00% |
SPECIAL NOTES: MSEFCU deed loans are available on primary residential property home located within the State of California. MSEFCU deed loans on owner-occupied borrowing 80% or more or non-owner occupied must be located within 150 road miles from the Main Branch. Closing costs determined by loan amount and may range from $1,500 to $5,000. **Non-refundable fee. To read the HELOC program disclosure click here or contact our office at 209-383-5550 x181 to have one mailed to you. The Credit Union reserves the right to add, change or delete services, and all rates are subject to change without notice.
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