Real Estate Loan Disclosures

Secondary Market Mortgage rates quoted are subject to change without notice and are known to change several times per day. Please contact the credit union for today’s rates.

Fixed Rate Mortgages (In-House) are provided as a sampling of what rates are, using a scenario of a $125,000 purchase, 20% down, the loan amount of $100,000, with good credit (lower down payment options available). Closing costs, real estate taxes and property or flood insurance, if required, are not included. Rates may vary based on loan amounts, subject property, loan qualification, and credit scores.

First Mortgage Rates are reviewed quarterly.

Mortgage interest may be tax deductible (check with your tax representative). An appraisal may be needed and closing costs will be required.

TFCU First Time Home Buyers Program entitles members to $250.00 off closing costs, counseling which covers 1 required trade line. Up to 97% financing available to first time home buyers only.

Variable Rate Mortgages are stated as Annual Percentage Rate (APR), and may change during the term of the loan. Rates are provided as a sampling, using a scenario of a $125,000 purchase, 20% down, the loan amount of $100,000, with good credit (lower down payment options available). All loans are subject to approval. Rates, terms, and conditions are subject to change without notice and may vary based on creditworthiness, qualifications, and collateral conditions.

Variable Rate Home Equity – Annual Percentage Rate (APR) may change during the loan. All loans are subject to approval. Rates, terms, and conditions are subject to change without notice and may vary based on creditworthiness, qualifications and collateral conditions.

Fixed Home Equity  – Rates, terms, and conditions are subject to change without notice and may vary based on creditworthiness, qualifications and collateral conditions. Example of repayment of a fixed Home Equity based on a loan amount of $100,000, at the stated Annual Percentage Rates (APR) and terms:

Second mortgage products generally have lower interest rates that may be tax deductible (check with your tax representative). An appraisal may be needed and closing costs will be required.