Your actual rate may be higher based on your credit history.
Recreational Vehicles – Boats, Jet Skis, ATVs, Snowmobiles, Etc.
**The rates and annual percentage rates (APR's) on First Mortgage loans are based on a $100,000 mortgage; on a 1-4 family owner occupied dwelling; with the first payment due thirty days after the loan is disbursed.
APR=Annual Percentage Rate. WLFCU requires escrow for property taxes and if applicable flood insurance. Your individual rate is determined at the time of the rate lock. WLFCU charges an application fee on all mortgage loans payable at the time of the rate lock. Your rate may vary and may depend on your credit history or the type of property financed.
**The rates and annual percentage rates (APR's) on First Mortgage loans are based on a $100,000 mortgage; on a 1-4 family owner occupied dwelling; with the first payment due thirty days after the loan is disbursed. Loan-to-Value ratios over 80% require Private Mortgage Insurance.
Rates start as low as 3.25 with an Annual Percentage Rate (APR) of 3.688. The three year adjustable rate is based on a 30 year loan with no points and a current payment of $4.36 per thousand borrowed. Rate adjustments will occur annually after year three and will be based on the weekly average yield of United States Treasury securities adjusted to a constant maturity of one year, plus a margin of 2.75%. The initial rate will not change by more than 2% in any one year and 6% over the life of the loan.
Rates start as low as 3.50 with an Annual Percentage Rate (APR) of 3.712. The five year adjustable rate is based on a 30 year loan with no points and a current payment of $4.50 per thousand borrowed. Rate adjustments will occur annually after year five and will be based on the weekly average yield of United States Treasury securities adjusted to a constant maturity of one year, plus a margin of 2.75%. The initial rate will not change by more than 2% in any one year and 6% over the life of the loan.
Rates start as low as 3.75 with an Annual Percentage Rate (APR) of 3.801. The seven year adjustable rate is based on a 30 year loan with no points and a current payment of $4.64 per thousand borrowed. Rate adjustments will occur annually after year seven and will be based on the weekly average yield of United States Treasury securities adjusted to a constant maturity of one year, plus a margin of 2.75%. The initial rate will not change by more than 2% in any one year and 6% over the life of the loan.
Maximum loan to value of 80% including first mortgage.
Adequate homeowner's insurance coverage is a requirement of this loan.
Application Fee of $600.00 and an Annual Fee of $50.00 will apply.
Fees for third party vendors that range from $1,700 to $2,800 will apply.
Maximum rate (ceiling rate) is 17.00%. Minimum rate (floor rate) is 4%.
Rates Updated April 23, 2019.