Real Estate Loan Rates
Rates accurate as of November 7, 2009
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Conventional First Mortgage Loans
| Product | Rate | APR* |
| 30 Year Fixed Rate | 5.000% | 5.114% |
| 40 Year Fixed Rate*** |
5.375% |
5.472% |
| 15 Year Fixed Rate | 4.375% | 4.568% |
| 1/1 Adjustable Rate (ARM) | 3.125% |
3.104% |
| 3/1 Adjustable Rate (ARM) | 4.125% | 3.349% |
| 5/1 Adjustable Rate (ARM) | 4.625% | 3.681% |
| 7/1 Adjustable Rate (ARM) | 4.875% | 4.000% |
*Annual Percentage Rate is the cost of the loan in percentage terms taking into account various loan charges such as Prepaid Finance Charges (loan origination fees, flood certificate, tax service, and processing fee) and PMI if applicable. Maximum 80% LTV and 1.00% origination fee plus $150 application fee is assumed on all products unless otherwise noted. Additional adds may be required on certain refinance loans.
Rates are based on individual credit history and are subject to change without notice. Rates are conventional-conforming loans only. Other rates and terms may apply for Jumbo and nonconforming/specialty portfolio programs. Zero Closing Costs loans are available. Please contact a Westerra Credit Union Loan Officer at 303-321-4209 for more details.
Fixed Rate Home Equity Loans
| Term | APR* |
| Up to 60 Months | as low as 5.99% |
| 61 - 120 Months | as low as 6.49% |
| 121 - 180 Months | as low as 6.99% |
*Annual Percentage Rate. Borrow up to 100% of loan to value (LTV) of your property (Maximum loan amount of $200,000). Add .50% fee for investment (rental) properties. Rates are based on individual credit history.
Home Equity Lines of Credit (HELOC)
| Product | APR* |
| HELOC** | as low as Prime 4 + 0%*** |
*Annual Percentage Rate. **Borrow up to 100% of your home's equity. Add .50% fee for investment (rental) properties. Full closing costs applied for out-of-state properties and non-owner occupied properties. Prime is the Wall Street Journal Prime Rate as published daily in the "Money Rates" table of The Wall Street Journal. ***Prime Rate floor of 4%.
