Mortgage Rate Information | Neighbors Federal Credit Union
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Mortgage Rates

Loan TypeTermInterest RatePointsAPR
Conventional Fixed Rate Mortgage*10 Year3.375%0%3.719%
Conventional Fixed Rate Mortgage*15 Year3.375%0%3.656%
Conventional Fixed Rate Mortgage*20 Year3.625%0%3.887%
Conventional Fixed Rate Mortgage*30 Year3.875%0%4.235%
Land (Lot in a Subdivision)**12 Year5.000%1%5.486%
Land or Acreage**12 Year5.000%1%5.486%

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Rates quoted are not locked in and are subject to change. Rates are not locked until a rate lock acknowledgement has been signed.
The annual percentage rate (APR) is the cost of credit over the term of the loan expressed as an annual rate. Interest rates and APRs are based on current market rates and are for informational purposes only. Rates are subject to change without notice and APR (Annual Percentage Rate) calculations are based on certain assumptions related to closing costs and fees.
*For the APR’s listed, the calculation is based on a purchase price of $264,000.00 with a 5% down payment yielding a loan amount of $250,000.00, excellent credit, an owner occupied property, a 95% combined loan-to-value ratio, and estimated PMI. The payments listed below include principal and interest only they do not include taxes and insurance or estimated PMI – actual obligations will be greater. Based on this example, monthly payments of principal + interest only would be $2457.73 for a 10 year loan, $1771.90 for a 15 year loan, $1466.01 for a 20 year loan and $1175.59 for a 30 year loan. Subject to credit approval.
**For the APR’s listed, the calculation is based on a zero down payment on a loan amount of $100,000, excellent credit, a 95% combined loan-to-value ratio, and does not include taxes and insurance – actual obligations will be greater. Based on this example, monthly payments of principal + interest only would be $924.89 for a 12 year land or acreage loan. If approved, your terms may vary based upon your specific situation. Subject to credit approval.
Maximum loan limits and minimum equity/down payment requirements apply.