MORTGAGE RATES

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Rates and points change daily.
Effective: 08/15/2017  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 $424,100)


Term
Best Rate
Rate

Points

APR*
Best Points
Rate

Points

APR*
30-Year Fixed Rate 3.250% 1.000 3.594% 3.500% 0.000 3.770%

VA MORTGAGES (UP TO $424,100)


Term
Best Rate
Rate

Points

APR*
Best Points
Rate

Points

APR*
30-Year Fixed Rate 3.250% 0.875 3.615% 3.500% 0.000 3.802%

CONVENTIONAL MORTGAGES (UP TO $424,100)


Term
Best Rate
Rate

Points

APR*
Best Points
Rate

Points

APR*
30-Year Fixed Rate 3.375% 1.750 3.647% 3.750% 0.000 3.887%
15-Year Fixed Rate 2.750% 1.125 3.148% 3.000% 0.000 3.241%
3/1 ARM 2.875% 1.500 4.064% 3.500% 0.000 4.053%
5/1 ARM 2.750% 1.000 3.864% 3.125% 0.000 3.891%
7/1 ARM 2.750% 1.500 3.774% 3.250% 0.000 3.850%
10/1 ARM 3.125% 1.250 3.776% 3.500% 0.000 3.876%

JUMBO MORTGAGES ($424,101 AND UP)


Term
Best Rates
Rate

Points

APR**
Best Points
Rate

Points

APR**
30-Year Fixed Rate 3.750% 1.250 3.957% 4.125% 0.000 4.234%
15-Year Fixed Rate 3.250% 0.875 3.563% 3.500% 0.000 3.689%
3/1 Jumbo ARM 3.500% 0.000 4.021% 3.500% 0.000 4.021%
5/1 Jumbo ARM 3.375% 0.000 3.932% 3.375% 0.000 3.932%
7/1 Jumbo ARM 3.375% 0.000 3.867% 3.375% 0.000 3.867%
10/1 Jumbo ARM 3.625% 0.000 3.911% 3.625% 0.000 3.911%

Payment Example:  A $250,000 30-year fixed rate with zero points and an interest rate of 3.75% (3.887% APR) would have a monthly principal and interest payment equal to $1,157.79.   The monthly payment shown does not include PMI, taxes, insurance or other applicable escrows.  The actual payment obligation will be greater when these are applied. 

Eligibility and Membership in NASA Federal Credit Union required. Rates are based on evaluation of credit history. Unless you have a rate lock (call for details), rates are subject to change without notice. Rates are generally updated daily.

*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.

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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