University and Community FCU offers a variety of loan programs to meet your needs. We work with the leading lenders in the industry to provide:
 
5/1 ARM
Fixed rate FHA loan
Fixed rate VA loan
Fixed rate USDA
Fixed rate 30 Year Conventional
Fixed rate 20 year Conventional
Fixed rate 15 year Conventional
Fixed rate 10 year Conventional
other ARM options

5/1 ARM

 This is an adjustable rate mortgage which has a fixed rate for the first 5 years. At the first adjustment date the rate may increase up to 3% points above your initial rate. Each year thereafter, the rate can increase a maximum of 2% annually with a lifetime cap of 10% over the initial rate.

Term: 30 years   Maximum Amount: $417,000
 

PMI is not applicable on this type of loan (up to 95% LTV). There are no escrows on this type of loan.


Fixed rate FHA loan

FHA

Term: 30 years   Maximum Amount: $417,000
 

 


Fixed rate VA loan

Veterans Administration

Term: 30 years   Maximum Amount: $417,000
 

 


Fixed rate USDA

Rural Development

Term: 30 years   Maximum Amount: $417,000
 

 


Fixed rate 30 Year Conventional

30 year Conventional

Term: 30 years   Maximum Amount: $417,000
 

 


Fixed rate 20 year Conventional

20 year Conventional

 

 


Fixed rate 15 year Conventional

15 year Conventional

 

 


Fixed rate 10 year Conventional

10 year Conventional

 

 


other ARM options

There are other ARM products available...up to 97% LTV with qualifying credit score. Call University & Community FCU for details if interested.

Term: 30 years   Maximum Amount: $417,000
 

Escrows required on all LTVs over 80%. Escrows may be waived for 80% or less LTV at a cost of .25%.




Unless otherwise indicated, these APR calculations are based on the following: Conforming loans (whose maximum loan amount is below $484,350 for the contiguous states, District of Columbia, and Puerto Rico or below $636,150 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $417,000 with closing costs of $8,340. Jumbo Loans (whose maximum loan amount exceed $484,350 for the contiguous states, District of Columbia, and Puerto Rico or exceed $636,150 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $1,000,000 with closing costs of $20,000. Your actual APR may be different depending upon these factors.