Covenant Health Federal Credit Union

Mortgage Loans Rates

Effective Date: March 19, 2008

Covenant Health Federal Credit Union offers loans with competitive rates for almost every financial need you may have. Rates and repayment schedules vary based on the type of loan and your credit history.

Loan Rates based on the Credit Union's Managed Credit Program. Rates and terms subject to change without notice..

Mortgage

Loans secured by a first mortgage on a one family dwelling

TERM RATES (APR)
Up to 59 months as low as 5.00%
60 months and/or greater as low as 6.00%
Max term is 15 years.  Jumbo loan rates (amounts above Fannie Mae mortgage loan limits). Quoted individually at time of request

Second Mortgage

Loans secured by a 2nd mortgage on a single family dwelling

TERM RATES (APR)
Up to 59 months as low as 5.75%
60 months and/or greater as low as 6.50%
Max term is 15 years.  Jumbo loan rates (amounts above Fannie Mae mortgage loan limits). Quoted individually at time of request

5 Year Balloon Note 1st Mortgage

Loans secured by a first mortgage on a one family dwelling. 20 year amortization term

TERM RATES (APR)
Up to 59 months as low as 5.00%
Jumbo loan rates (amounts above Fannie Mae mortgage loan limits). Quoted individually at time of request

5 year Balloon Note Second Mortgage

Loans secured by a 2nd mortgage on a single family dwelling. 20 Year amortization term

TERM RATES (APR)
Up to 59 months as low as 5.25%

Mortgage

Loans secured by mortgage on unimproved real estate property

TERM RATES (APR)
Up to 59 months as low as 8.00%
60 months and/or greater as low as 9.00%

HELOC

Variable rate loans secured by a 1st or 2nd mortgage on a single family dwelling

LINE OF CREDIT RATES (APR) TERMS (MONTHS)
$5,000 as low as 5.25% 108
$5,000 - $10,000 as low as 5.25% 120
$10,001 - $15,000 as low as 5.25% 132
$15,001 - $20,000 as low as 5.25% 144
$20,001 or greater as low as 5.25% 156, $30,000 > 180
Rates subject to change quarterly (Jan, Apr, July, Oct) on existing loans. Current rate offering changes as Prime rate changes

Rates listed are the lowest rates available for each loan product. Your rate may vary and is determined by your credit qualifications, amount financed, collateral and loan terms. To determine your actual rate, please contact any Credit Union Loan Officer.

APR = Annual Percentage Rate

*All rates shown are Annual Percentage Rates and are subject to change without notice.
Credit subject to approval.