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Home Lending Center

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Mortgage Rates

Rates Effective: 8/15/2019

USALLIANCE Financial is not responsible for any rates that may change prior to an executed rate lock commitment letter. Click to view our Rate Lock Policy. Please note: you cannot lock in a rate until you have a signed contract on a property or are refinancing.

The Annual Percentage Rate (APR), listed below, is based upon loan to values of 80% or less. Loan to values greater than 80% will require private mortgage insurance and your APR will be higher. The APR is estimated based on loan size of $100,000 for conforming loans and $484,350 for jumbo loans. APR may be higher for cash-out refinance applications.  Interest rates and loan programs shown are subject to change without notice and assume excellent credit. A consumer credit report will be obtained in connection with an application. The name and address of the agency and/or agencies providing the credit report will be furnished upon request. A consumer credit report may also be requested in connection with any update, renewal or extension of the credit for which application is made. 

Conforming Loans


Loan amounts from $25,000 - $484,350* | Max loan amount listed for is single family home or condo. Max loan amount for 2-family home is $620,200; 3-family is $749,650; 4-family is $931,600.

Fixed Rate Interest Rate APR Points
30 Year Fixed 3.625% 3.73% 0.00
30 Year Fixed (MPF Program) 3.875% 3.94% 0.00
20 Year Fixed 3.5% 3.646% 0.00
20 Year Fixed (MPF Program) 3.75% 3.84% 0.00
15 Year Fixed 3.5% 3.615% 0.00
10 Year Fixed 3.375% 3.54% 0.00
Adjustable Rate Mortgages (ARM) Interest Rate APR Points
5/1 Adjustable 3.375% 3.915% 0.00
5/5 Adjustable 3.25% 3.921% 0.00
7/1 Adjustable 3.25% 3.773% 0.00
10/1 Adjustable 3.375% 3.724% 0.00
15/1 Adjustable 4% 4.104% 0.00
Construction-to-Permanent (C-P Fixed) Interest Rate APR Points
30 Year Fixed   3.875% 4.04% 1.00
20 Year Fixed  3.75% 3.957% 1.00
15 Year Fixed  3.75% 4.017% 1.00
10 Year Fixed  3.625% 4.01% 1.00
Construction-to-Permanent (C-P ARM) Interest Rate APR Points
5/1 Adjustable  3.625% 4.086% 1.00
5/5 Adjustable   3.5% 4.093% 1.00
7/1 Adjustable  3.5% 3.973% 1.00
10/1 Adjustable   3.625% 3.96% 1.00
15/1 Adjustable   4.25% 4.385% 1.00
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Jumbo Loans


Loan amounts from $484,351* - $1,500,000 | Minimum Loan amount listed for is single family home or condo. Minimum loan amount for 2-family home is $620,201; 3-family is $749,651; 4-family is $931,601.
Loan amounts over $1,500,000 are available | Please call for rate options.

Fixed Rate Interest Rate APR Points
30 Year Fixed 3.75% 3.763% 0.00
20 Year Fixed 3.625% 3.643% 0.00
15 Year Fixed 3.625% 3.649% 0.00
10 Year Fixed 3.5% 3.534% 0.00
Adjustable Rate Mortgage (ARM) Interest Rate APR Points
5/1 Adjustable 3.375% 4.023% 0.00
5/5 Adjustable 3.25% 3.853% 0.00
7/1 Adjustable 3.25% 3.853% 0.00
10/1 Adjustable 3.375% 3.77% 0.00
15/1 Adjustable 4% 4.077% 0.00
Construction-to-Permanent (C-P Fixed) Interest Rate APR Points
30 Year Fixed  4% 4.097% 1.00
20 Year Fixed   3.875% 4.009% 1.00
15 Year Fixed   3.875% 4.048% 1.00
10 Year Fixed   3.75% 3.999% 1.00
Construction-to-Permanent (C-P ARM) Interest Rate APR Points
5/1 Adjustable   3.625% 4.197% 1.00
5/5 Adjustable   3.5% 4.123% 1.00
7/1 Adjustable   3.5% 4.056% 1.00
10/1 Adjustable   3.625% 4.008% 1.00
15/1 Adjustable   4.25% 4.359% 1.00


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Disclosures
USALLIANCE Financial provides its mortgage lending services to 1-4 family homes or condos. If your home is a Condo, you will need to have the Condo Questionnaire completed by your homeowners association before we can order any appraisal.

 

For Purchase or Refinance Mortgage Transactions – in all States EXCEPT: AK, HI, TX.
For Home Equity Transactions  in all States EXCEPT: AK, HI, SC, TX.
For Construction to Permanent Transactions – ONLY in the following States: MA, NY, NJ, CT, RI, and NH. ME and PA are considered on a case-by-case basis.

We do not offer mortgages on land, mobile homes, cooperatives, investment properties, properties held in a revocable trust, held in a realty trust or held in a life estate, properties that are in a leasehold (not fee simple), reverse mortgages, FHA, VA and applications with a non-occupant co-borrower.  You must become a member of the Credit Union prior to the loan closing date. Membership is not required to apply for a mortgage.

Properties in the following states are subject to Mortgage and/or Transfer Taxes: AL, AR, CA, CO, DE, FL, GA, HI, IL, LA, ME, MD, NH, NJ, NY, OR, PA, TN, VT, and VA. 

Adjustable Rate Mortgages (ARM)
Features a variable interest rate, which is periodically adjusted, based on the change in a financial index such as the One Year Libor or Five Year Treasury, plus a margin that is established at origination. Interest rate changes are limited or capped at each adjustment and for the life of the loan. ARMs may provide the security, flexibility and affordability prospective home-buyers desire. These loans are especially attractive to home-buyers who plan to trade up in future years. Generally, initial interest rates are lower than fixed rate mortgages.

USALLIANCE Financial currently offers 5/1, 5/5, 7/1, 10/1, and 15/1 adjustable rate mortgages for conforming and jumbo loan amounts. Each ARM product has their own Index, Margin and Caps. The initial interest rate is fixed for a certain period, for example: with a 5/5 ARM conforming loan, the initial rate is fixed for the first five years. At month 61, interest rate can increase to a maximum of 2% above the initial rate according to the index plus the margin. Thereafter, your interest rate will be adjusted every five years (rather than the normal one year), capped at 2% above the previous rate until you've reached the lifetime cap of 5% above the initial interest rate.

Jumbo Mortgages
These applications with more than $150,000 cash-out and an LTV over 70% will require Senior Management approval and may require an add-on to the rate.

Const-Perm Mortgages
This is our Construction-to-Perm Program. There is an additional closing cost charge of one (1) point. To learn more about our One-Time Closing Construction-to-Perm program, including minimum down payments, eligible property types, etc. please click here.

MPF Mortgages
This program offers the borrower lower closing costs at a higher interest. The APR is calculated the same as the other Conforming Mortgage Loans, only without the FNMA required Loan Level Proce Adjustment (LLPA) Fees, which are estimated at 0.5% of the loan amount.

 

Home Equity Line of Credit


Type Interest Rate and APR (as low as) Daily Periodic Rate
HELOC - Primary Residence - 80% CLTV 5.25% V* 0.014383%
HELOC - Primary Residence - 85% CLTV 5.625% V* 0.015410%
HELOC - Primary Residence - 90% CLTV 6.5% V* 0.017808%
HELOC - Primary Residence - 80/10/10 6.5% V* 0.017808%
HELOC - Primary Residence - 75/15/10 6.75% V* 0.018493%
HELOC - Vacation Home - 80% CLTV 5.625% V* 0.015410%
HELOC - Residential Investment Property - 80% CLTV 8.25% V* 0.022602%
*Rates are based on the term of the loan and set by the Asset/Liability Committee of USALLIANCE Financial
CLTV (Combined Loan To Value Ratio) is the ratio of all loans secured by a property to the property's value.
All HELOC rates are Variable.

Home Equity Line of Credit
Variable annual percentage rate (APR) is calculated based on the Prime Rate, as posted in The Wall Street Journal, as low as the Prime Rate plus a margin of 0% or as high as the Prime Rate plus a margin of 3%. Margins are set based on the risk associated with the loan and an individual’s or joint credit history. The minimum interest rate is 4% and the maximum interest rate is 18%. Advertised rate assumes an 80% loan to value ratio for primary residence and second homes. Minimum line of credit is $25,000. Loan requests over $500,000 will require manager approval and will be subject to a minimum of .25% add to the rate. USALLIANCE Home Equity Line of Credit (HELOC) is available for one to four family structures including second homes and condominium units, excluding co-ops and investment properties. Finance charges begin to accrue from the day of the initial advance. Initial draw period is for ten (10) years. Initial draw must be a minimum of $25,000 and a minimum of $500 for additional draws. Minimum payments are interest only during the draw period, up to twenty (20) years of principal plus interest thereafter. Homeowner’s insurance is required; flood insurance is required where applicable. Consult a tax advisor regarding the deductibility of interest. Rates are subject to change. For Home Equity transactions, USALLIANCE Financial lends in all States EXCEPT the following: AK, HI, SC, TX. USALLIANCE Financial cannot grant home equities on cooperatives, properties held in revocable, irrevocable or realty trusts, held in a life estate or held in a leasehold.
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Home Equity Loan


Type Interest Rate (as low as) APR
HELOAN - Primary Residence - 80% CLTV - 5 Year 3.5% 3.514%
HELOAN - Primary Residence - 80% CLTV - 10 Year 4.25% 4.257%
HELOAN - Primary Residence - 80% CLTV - 20 Year 5.375% 5.379%
HELOAN - Primary Residence - 80% CLTV - 30 Year 6% 6.003%
HELOAN - Primary Residence - 85% CLTV - 10 Year 4.5% 4.508%
HELOAN - Primary Residence - 85% CLTV - 20 Year 5.625% 5.629%
HELOAN - Primary Residence - 90% CLTV - 10 Year 5% 5.008%
HELOAN - Primary Residence - 90% CLTV - 20 Year 5.875% 5.879%
HELOAN - Primary Residence - 80/10/10 - 10 Year 5% 5.008%
HELOAN - Primary Residence - 80/10/10 - 20 Year 5.875% 5.879%
HELOAN - Primary Residence - 75/15/10 - 10 Year 5.25% 5.258%
HELOAN - Primary Residence - 75/15/10 - 20 Year 6.125% 6.129%
HELOAN - Vacation Home - 85% CLTV - 10 Year 5.75% 5.758%
HELOAN - Vacation Home - 85% CLTV - 20 Year 6.625% 6.629%


*Rates are based on the terms of the loan and set by the Asset/Liability Committee of USALLIANCE Financial
CLTV (Combined Loan To Value Ratio) is the ratio of all loans secured by a property to the property's value.
All HELOAN rates are Fixed.

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How can we help you?

Buying a home or borrowing on your equity is a major life decision. We’re sure you have questions. And our knowledgeable home lending specialists can help answer them. Please give us a call or schedule an appointment today.

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