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Effective as of: 05/25/2017
Mortgage Rates
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Whether you are a first-time homebuyer or purchasing the house of a lifetime, we have you covered. Siouxland Federal Credit Union offers conventional mortgages for new purchases, constructions and refinances, as well as FHA and VA mortgage loans. We also offer free pre-approvals.
CONVENTIONAL FIXED RATE MORTGAGE LOAN MINIMUM 5% DOWN
TERMRATEAPR*PRINCIPAL AND INTEREST PAYMENT
30 Year3.875%4.0151%$470.24
15 Year3.250%3.4955%$702.67
Assumptions: Loan Amount = $100,000, Down Payment = 25%, Credit Score = or > 740. Payment does not include taxes or insurance, total payment will be greater.
 
FHA mortgages available, please contact us for more information*
*Subject to credit score, loan amount and purpose.
 
6/1 IN HOUSE ADJUSTABLE RATE MORTGAGE LOAN
TERMRATEAPR*PRINCIPAL AND INTEREST PAYMENT
30 Year3.750%4.0194%Based on current market conditions, the payment schedule would be:72 payments of $370.49 Maximum payment beginning month 73 $450.51 Maximuim payment ever $624.27
Assumptions: Loan Amount = $100,000, Down Payment = 20%, Credit Score = > 700. APR may increase after consummation on adjustable rate mortgage loans. (2/6 Cap; 3% Margin added to the 1 year Treasurer Bill Index, 4% floor rate). Payment does not include taxes or insurance, total payment will be greater.
Mortgage Disclosures
If you have questions on rates and terms for loans that differ from the above assumptions, please contact a Siouxland Federal Credit Union mortgage loan officer today at (800) 264-0796.
The rates quoted above are for owner occupied, primary residence properties.
Rates are not guaranteed and are subject to change without notice.
Stop by one of our convenient locations to talk to a mortgage professional today or Apply Online Now!
 
Second Mortgage and Home Equity
You have worked hard for your home; now let your home work for you. Go ahead...remodel, fix that leaky roof, finance your children's education, or consolidate high-interest credit cards into one low-cost bill. We can help you achieve your goals with a home equity loan that's right for you.
 
Second Mortgage Fixed
TERMRATEAPRPRINCIPAL AND INTEREST PAYMENT
5 Year*4.125% - 9.625% **4.144 - 9.648% $185.09
Assumptions: Loan Amount = $10,000.00, Credit Score = or > 700.
 
Second Mortgage 6/1 Adjustable Rate
TERMRATEAPRPRINCIPAL AND INTEREST PAYMENT
10 Year*5.125% - 10.625%**4.972 - 10.180%Based on current market conditions, the payment schedule would be:
  • 72 payments of $106.70 Maximum payment beginning month 73 $110.94 Ma
Assumptions: Loan Amount = $10,000.00; Credit Score = or > 700. Apr may increase after consummation on adjustable Rate mortgage loans. (2/6; 3% Margin added to the 1 year Treasury Bill Indes, 4% floor rate).
 
Home Equity Line of Credit Adjustable Rate Mortgage: Call for Rate
 
*Risk Based Lending
Lowest rate listed above is for credit score 700 and above, an active checking account with Siouxland Federal Credit Union and payment deducted from an account at Siouxland Federal Credit Union
  • Credit score 641to 699, add 1% to the lowest rate quoted
  • Credit score 621 to 640, add 2% to the lowest rate quoted
  • Credit score 620 and below, add 4% to the lowest rate quoted
  • Loan to Value above 80%, add 1% to the lowest rate quoted
  • For coupon book payment, add .50% to the lowest rate quoted for 2nd mortgage only, HELOC requies automatic payments
  • For ACH payment, add .25% to the lowest rate quoted for 2nd mortgage only, HELOC requires automatic payment
**Annual Percentage Rate