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Real Estate Loan Rates

Real Estate Loan Rates

Conventional Mortgage Loans

Mortgage Term	Interest Rate Starting At	APR Starting at*	Payment per $150,000**	Cost°
Mortgage Term 30 Year Fixed	Interest Rate Starting At 5.875%	APR Starting at* 6.016%	Payment per $150,000** $887	Cost° $188
Mortgage Term 20 Year Fixed	Interest Rate Starting At 5.750%	APR Starting at* 5.953%	Payment per $150,000** $1,053	Cost° $375
Mortgage Term 15 Year Fixed	Interest Rate Starting At 5.625%	APR Starting at* 5.859%	Payment per $150,000** $1,236	Cost° $188
Mortgage Term 7/1 ARM 30 Year^	Interest Rate Starting At 7.500%	APR Starting at* 7.515%	Payment per $150,000** $1,049	Cost° $0
Mortgage Term 5/1 ARM 30 Year^	Interest Rate Starting At 7.250%	APR Starting at* 7.373%	Payment per $150,000** $1,023	Cost° $0
Mortgage Term 3/1 ARM 30 Year^	Interest Rate Starting At 7.250%	APR Starting at* 7.367%	Payment per $150,000** $1,023	Cost° $0

°Cost equals discount points paid.

*Annual Percentage Rates (APRs). Rates quoted are based on a purchase transaction of $200,000, loan-to-value of 75%, primary residence, and a credit score of 740 or higher. All interest rates, APRs, and cost are indications only and are subject to change without notice. Contact our Mortgage team at infinitylending@infinitycu.com for more information.

**Payments are only examples. Taxes & insurance premiums are not included in the payment, if included the actual payment obligation will be greater. The payment listed based on borrowing $150,000 amortized over 30 years. Rates may vary based on loan size & geographical location. Loans with a loan to value greater than 80% may require private mortgage insurance, which will increase the monthly payment amount.

^Adjustable Rate Mortgages are subject to change and may increase following the conclusion of the fixed period stated above. Rates, terms and conditions subject to change at any time.

Home Equity Loans

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Term	As Low As APR*	Payment per $1,000**
Term Equity Line of Credit: up to 80% CLTV**	As Low As APR* 6.49%	Payment per $1,000** $11
Term Equity Line of Credit: up to 90% CLTV**	As Low As APR* 7.24%	Payment per $1,000** $12
Term Equity Line of Credit: up to 100% CLTV**	As Low As APR* 7.99%	Payment per $1,000** $12
Term Easy Equity Loan: up to 80% CLTV**	As Low As APR* 6.24%	Payment per $1,000** $11
Term Easy Equity Loan: up to 90% CLTV**	As Low As APR* 6.74%	Payment per $1,000** $11
Term Easy Equity Loan: up to 100% CLTV**	As Low As APR* 7.99%	Payment per $1,000** $12

*APR=Annual Percentage Rate. CLTV = Combined Loan to Value. Rates, terms, & conditions are subject to change at any time. The “As Low As” rates quoted here are for credit scores of 700+. All home equity loans are valid for loan amounts up to $50,000.

**Payments listed are examples only. Payment examples are based on a home equity loan with a 60-month term & APR above, calculating the payment per $1,000. All home equity loans require homeowners insurance. Flood insurance is required for properties in a flood zone. Tax & insurance are not included in the payment the actual payment obligation will be greater.

**Effective with new equity loan applications on or after March 6, 2023, a Total Loan to Value (TLTV) of 100% will only be allowed on files where the current 1st mortgage is with Infinity or there is no current 1st mortgage with any financial institution. Home Equity approvals max of 95% TLTV if existing property mortgage is held by a lender other than Infinity Credit Union.

**The APR for the Line of Credit is variable & may change after the account is opened. Max. rate is 18% APR. Fees for a Line of Credit include an application fee of $395 unless an initial draw is $10,000 or more & a balance of $5,000 is maintained for the first year; appraisal fees may apply & range from $250 – $500; some states may charge an Intangible or Mortgage Registration Tax. This cost varies depending on the state.

Other Home Loans

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Loan Type	Term	APR as low as*
Loan Type Land Loan	Term Fixed rate, 60 months. (Terms up to 120 months).	APR as low as* 10.99%*
Loan Type Manufactured Home Loans	Term Financing of mobile homes available; call for scenario pricing	APR as low as* Call: 207-854-6000 ext. 4110

Disclosures:

*Annual Percentage Rate = APR. For all terms: Rates effective for qualifying Maine properties up to 80% of home’s value; other rates available up to 90% of home’ value. Jumbo mortgage rates available upon request.

**Home Equity APR based on Prime Rate plus a margin, and is based on equity and credit history. Prime rate can vary daily; your APR will adjust as Prime changes. Floor is 3.00%, ceiling is 18.00%.

Rates effective as of November 3, 2021