MORTGAGE RATES

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Rates and points change daily.
Effective: 05/25/2016  10:15 a. m.

All rate/point quotes below are exclusive of a required one percent (1%) loan origination fee. This represents a partial listing of mortgage options available. Many other plans with varying rate and points structures are available. For more details, please contact us at 301-249-1800 or 1-888-NASA-FCU (627-2328).

FHA MORTGAGES (UP TO $417,000)


Term
Best Rate
Rate

Points

APR*
Best Points
Rate

Points

APR*
30-Year Fixed Rate 3.125% 1.875 3.534% 3.250% 0.000 3.516%

VA MORTGAGES (UP TO $417,000)


Term
Best Rate
Rate

Points

APR*
Best Points
Rate

Points

APR*
30-Year Fixed Rate 3.125% 1.625 3.545% 3.250% 0.000 3.547%

CONVENTIONAL MORTGAGES (UP TO $417,000)


Term
Best Rate
Rate

Points

APR*
Best Points
Rate

Points

APR*
30-Year Fixed Rate 3.250% 1.625 3.511% 3.500% 0.000 3.635%
15-Year Fixed Rate 2.625% 2.000 3.144% 2.875% 0.000 3.116%
3/1 ARM 2.500% 1.250 3.557% 3.125% 0.000 3.569%
5/1 ARM 2.250% 1.875 3.421% 2.750% 0.000 3.421%
7/1 ARM 2.500% 2.000 3.399% 3.000% 0.000 3.441%
10/1 ARM 2.875% 1.875 3.449% 3.250% 0.000 3.503%

JUMBO MORTGAGES ($417,001 AND UP)


Term
Best Rates
Rate

Points

APR**
Best Points
Rate

Points

APR**
30-Year Fixed Rate 3.625% 0.500 3.771% 3.750% 0.000 3.856%
15-Year Fixed Rate 2.750% 1.750 3.182% 3.125% 0.000 3.313%
3/1 Jumbo ARM 3.000% 0.000 3.517% 3.000% 0.000 3.517%
5/1 Jumbo ARM 2.875% 0.000 3.426% 2.875% 0.000 3.426%
7/1 Jumbo ARM 3.000% 0.000 3.411% 3.000% 0.000 3.411%
10/1 Jumbo ARM 3.250% 0.000 3.472% 3.250% 0.000 3.472%

* APRs are based on a $200,000 loan and 60% loan-to-value.

** APRs are based on a $450,000 loan and 60% loan-to-value.

ARM = Adjustable Rate Mortgage. ARM rates are based on an index (as published in the Wall Street Journal) plus a margin. Creditworthiness, loan-to-value, certain cash-out refinance transactions, property type, subordinate financing, loan size and certain extended lock periods are also factors that may affect the rate, so your rate may differ. An ARM is a variable rate loan and the rate is subject to change after consummation of the loan.

3/1 ARM

A 3/1 ARM is an Adjustable Rate Mortgage that has a fixed initial interest rate for the first three years and is subject to adjustments each year thereafter. The annual rate adjustment is based on the current index plus a margin. Your first adjustment can increase or decrease up to 2% and subsequent annual adjustments can increase or decrease up to 2%. However, your interest rate cannot change more than 6% over the term of the loan (up to 30 years). The interest rate will never be less than the margin.

5/1 ARM

A 5/1 ARM is an Adjustable Rate Mortgage that has a fixed initial interest rate for the first five years and is subject to adjustments each year thereafter. The annual rate adjustment is based on the current index plus a margin. Your first adjustment can increase or decrease up to 5% and subsequent annual adjustments can increase or decrease up to 2%. However, your interest rate cannot change more than 5% over the term of the loan (up to 30 years). The interest rate will never be less than the margin.

7/1 ARM

A 7/1 ARM is an Adjustable Rate Mortgage that has a fixed initial interest rate for the first seven years and is subject to adjustments each year thereafter. The annual rate adjustment is based on the current index plus a margin. Your first adjustment can increase or decrease up to 5% and subsequent annual adjustments can increase or decrease up to 2%. However, your interest rate cannot change more than 5% over the term of the loan (up to 30 years). The interest rate will never be less than the margin.

10/1 ARM

A 10/1 ARM is an Adjustable Rate Mortgage that has a fixed initial interest rate for the first ten years and is subject to adjustments each year thereafter. The annual rate adjustment is based on the current index plus a margin. Your first adjustment can increase or decrease up to 5% and subsequent annual adjustments can increase or decrease up to 2%. However, your interest rate cannot change more than 5% over the term of the loan (up to 30 years). The interest rate will never be less than the margin.

3/1 Jumbo ARM

A Jumbo 3/1 ARM is an Adjustable Rate Mortgage that has a fixed initial interest rate for the first three years and is subject to adjustments each year thereafter. The annual rate adjustment is based on the current index plus a margin. Your first adjustment can increase or decrease up to 2% and subsequent annual adjustments can increase or decrease up to 2%. However, your interest rate cannot change more than 6% over the term of the loan (up to 30 years). The interest rate will never be less than the margin.

5/1 Jumbo ARM

A Jumbo 5/1 ARM is an Adjustable Rate Mortgage that has a fixed initial interest rate for the first five years and is subject to adjustments each year thereafter. The annual rate adjustment is based on the current index plus a margin. Your first adjustment can increase or decrease up to 5% and subsequent annual adjustments can increase or decrease up to 2%. However, your interest rate cannot change more than 5% over the term of the loan (up to 30 years). The interest rate will never be less than the margin.

7/1 Jumbo ARM

A Jumbo 7/1 ARM is an Adjustable Rate Mortgage that has a fixed initial interest rate for the first seven years and is subject to adjustments each year thereafter. The annual rate adjustment is based on the current index plus a margin. Your first adjustment can increase or decrease up to 5% and subsequent annual adjustments can increase or decrease up to 2%. However, your interest rate cannot change more than 5% over the term of the loan (up to 30 years). The interest rate will never be less than the margin.

10/1 Jumbo ARM

A Jumbo 10/1 ARM is an Adjustable Rate Mortgage that has a fixed initial interest rate for the ten years and is subject to adjustments each year thereafter. The annual rate adjustment is based on the current index plus a margin. Your first adjustment can increase or decrease up to 5% and subsequent annual adjustments can increase or decrease up to 2%. However, your interest rate cannot change more than 5% over the term of the loan (up to 30 years). The interest rate will never be less than the margin.

Unless you have a rate lock (call for details) rates are subject to change without notice. Rates are generally updated daily.

More Options Available: If you do not see the mortgage option you are looking for here, please call us. We offer a full range of nationwide mortgage services, including financing for first homes and vacation homes. Please call for rates on $100,000 or less.

NASA Federal Credit Union is an Equal Housing Lender.

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