CURRENT RATES
Mortgage Rates | Home Equity Rates | Consumer Loan Rates | Energy Loan | Savings Rates | Certifcate Rates | IRA Rates
Mortgage Rates
MHVFCU offers members many types of real estate loans including: first and second mortgages, home equity loans and lines of credit, and Equity Edge loans that accommodate members with good credit but low or no equity in their home; for purchase or refinancing; fixed and variable rates; conforming (up to $417,000) and jumbo (up to $1,000,000) loans; balloons and fully-amortized loans. The rates and points below are for conforming loan amounts of $417,000 or less. All first mortgage APRs advertised are based on a loan amount of $100,000. Additional loans, terms and points are available. Please call MHVFCU at 800.451.8373, Ext. 3472 for more information.
Type |
Term |
Rate** |
Points |
APR* |
Cost / $1000 per Month |
Notes |
Fixed Rate Mortgages |
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30-Year |
30 Years |
4.625% |
0 |
4.639% |
$5.37 |
|
15-Year |
15 Years |
4.000% |
0 |
4.024% |
$7.52 |
|
Adjustable Rate Mortgages |
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1-Year ARM |
30 Years |
4.250% |
0 |
3.341% |
$4.92 |
Adjusts annually with a 2% |
3-Year ARM |
30 Years |
4.250% |
0 |
3.487% |
$5.07 |
Rate fixed for 3 years, then adjusts |
5-Year ARM |
30 Years |
4.250% |
0 |
3.618% |
$5.07 |
Rate fixed for 5 years, then adjusts |
Special Mortgage Programs |
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SONYMA |
30 Years |
4.000% |
0 |
4.000% |
$5.44 |
|
FHA Loans Please Call Us for Rates
VA mortgages are also available. Please call for current rates.
*Annual Percentage Rate
**Rates effective as of 9/3/2010. Rates are subject to change without prior notice and apply to 1 or 2 family, owner-occupied residences. Actual interest rates and APR’s may vary based on credit history and other loan characteristics.
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Home Equity Loans & Line of Credit
Type |
Term |
Rate** |
Points |
APR* |
Notes |
Fixed Rate Loans |
Up to 5 Years |
5.500%** |
0 |
5.503%** |
A typical fixed rate loan of $50,000 at 6.750% APR would have 180 monthly payments of $442.45 with total repayment of $79,641.00. You should consult a tax advisor regarding the deductibility of interest and any other charges. |
Up to 10 Years |
5.750%** |
0 |
5.753%** |
||
Up to 15 years |
6.000%** |
0 |
6.004%** |
||
Up to 20 years |
6.500%** |
0 |
6.503%** |
||
Line of Credit |
5 or 10 Year Draw with 15 Years to Repay Up to $175,000 |
2.99% for first |
0 |
2.99% for first |
Fixed Equities, Lines of Credit, and Edge Loans have no application fee or closing costs on lines up to $125,000.consult with a Mortgage Originator for more detials.You should consult a tax advisor regarding the deductibility of interest and any other charges. |
5 or 10 Year Draw with 15 Years to Repay $175,001 to $250,000 |
Prime+.75%*** |
0 |
Prime+.75% *** |
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5 or 10 Year Draw with 15 Years to Repay $250,001 to $300,000 |
Prime+1.25%*** |
0 |
Prime+1.25%*** |
||
Equity Edge Loan |
1-3 Years |
7.375%** |
0 |
7.378%** |
A typical fixed rate loan of $15,000 at 7.500% APR would have 60 monthly payments of $300.57 with total repayment of $18,034.16. You should consult a tax advisor regarding the deductibility of interest and any other charges. |
4-5 Years |
7.375%** |
0 |
7.378%** |
||
6-10 Years |
7.375%** |
0 |
7.378%** |
*Annual Percentage Rate
**Rates effective as of 9/3/2010. Rates are subject to change without prior notice and apply to 1 or 2 family, owner-occupied residences. Actual interest rates and APR’s may vary based on credit history and other loan characteristics. Receive a .25% reduction on your Fixed Equity Loan or Equity Edge Loan rate when you set up automatic payments from your MHV savings or checkiing account. Your rate may vary.
***Home Equity Line of Credit rates are variable. Actual interest rates and APR’s may vary based on credit history and other loan characteristics. Rates are indexed to the Prime Rate published in the Wall Street Journal the third Friday of February, May, August and November, 1) less .25% for lines less than $175,000, 2) plus .75% for lines of $175,001 to $250,000 and 3) plus 1.25% for lines of $250,001 to $300,000, and take effect the first day of the following quarter, subject to a maximum change of +/- 3% and a maximum APR of 15%. Prime Rate is 3.250% as of 12/24/08.
Apply for a Home Equity Loan or Line of Credit
Consumer Loan Rates
New/Used Automobiles |
Auto/Motorcycle Loan Payment Examples |
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|
New Vehicles |
Used Vehicles |
APR |
Term in Months |
Monthly Payment |
Up to 36 Months |
As low as 2.99% APR* |
As low as 3.75% APR* |
2.99% |
36 |
$29.08 |
3.75% |
36 |
$29.42 |
|||
37-60 Months |
As low as 2.99% APR* |
As low as 3.75% APR* |
2.99% |
60 |
$17.98 |
3.75% |
60 |
$18.31 |
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61-72 Months |
As low as 3.75% APR* |
As low as 4.50% APR* |
3.75% |
72 |
$15.54 |
4.50% |
72 |
$15.89 |
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*APR = Annual Percentage Rate. Rates effective 4/01/2010. All rates as low as: Rates are based on credit ratings, term of loan and in some cases year of vehicle. Rates reflect a 1/4% discount for automatic payments on fixed rate loans. Your rate may vary.Rates are subject to change.
Secured Loans |
Secured Loan Payment Examples |
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New/Used Boats, New/Used Recreational Vehicles and New/Used Motor Homes |
APR |
Term in Months |
Monthly Payment |
|
Up to 36 Months |
As low as 8.50%** |
8.50% |
36 |
$31.56 |
Up to 60 Months |
As low as 9.00%** |
9.00% |
60 |
$20.76 |
** Rates effective 4/1/09. Rates are based on credit ratings and term of loan. Your rate may vary.Rates are subject to change. Additional terms availbale.
Energy Loan Payment Example |
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Borrow up to $5,000 for a full season's fuel costs. |
APR |
Term in Months |
Monthly Payment |
|
12 Months |
5.50% |
5.50% |
12 |
$85.85 |
** Rate effective 4/1/09. Rates are subject to change.
Unsecured Loans |
Unsecured Loan Payment Examples |
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APR |
Term in Months |
Monthly Payment |
||
Up to 36 Months |
As low as 10.50%** |
10.50% |
36 |
$32.50 |
Up to 60 Months |
As low as 11.25%** |
11.25% |
48 |
$25.96 |
|
|
11.25% |
60 |
$21.87 |
** Rates effective 4/1/09. Rates are based on credit ratings and term of loan. Your rate may vary.Rates are subject to change.
Visa Credit Card Rates
Apply for a Consumer Loan
Savings Rates†
Type |
Annual Percentage Yield (APY)* |
Balance to Earn APY |
Minimum to Open Account |
Dividend Rate* |
Savings Account |
.35% |
$100 |
$5 |
.347% |
IRA Savings Account |
.35% |
$100 |
$5 |
.347% |
Money Management Account |
.35% |
$1,000 |
$1,000 |
.347% |
Premier Money Market |
.35% |
$2,500 |
$2,500 |
.347% |
|
.35% |
$10,000 |
$2,500 |
.347% |
|
.40% |
$25,000 |
$2,500 |
.395% |
|
.50% |
$50,000 |
$2,500 |
.49% |
|
0.90% |
$100,000 |
$2,500 |
.89% |
|
1.00% |
$200,000 |
$2,500 |
0.99% |
|
1.05% |
$300,000 |
$2,500 |
1.04% |
|
115% |
$400,000 |
$2,500 |
1.14% |
|
1.25% |
$500,000 |
$2,500 |
1.24% |
$25,000 Money Market* |
.65% |
$25,000 |
$25,000 |
0.64% |
$100,000 Money Market* |
1.15% |
$100,000 |
$100,000 |
1.14% |
$300,000 Money Market* |
1.30% |
$300,000 |
$300,000 |
1.29% |
†Any Annual Percentage Yield (APY) provided in this disclosure assumes dividends will remain on deposit for at least one year. A withdrawal and/or fees will reduce earnings. Dividends are compounded and credited monthly. Fixed rates are in effect for 30 days from the effective date disclosed above. A 30 day advance notice will be provided for a change in rates on a fixed rate account. Rates for variable rate accounts are in effect through the end of each month. Rates are determined at the discretion of the Board of Directors of the Credit Union. The dividend rates and the APY's disclosed are prospective. Dividends are paid from current income and available earnings. These rates are accurate for accounts as of the date indicated above. Rates are determined monthly. You may contact the credit union at 845.336.4444 or 800.451.8373, extension 6000, for current rate information. See your account disclosures for additional information about your account. Rates effective 9/1/2010.
* Rates may vary. Rates may vary. If average monthly balance falls below the minimum stated the APY will be .35%. Fees could reduce earnings on this account. A low balance fee of $10 will be assessed if the average monthly balance is below the minimum required. Introductory APY through 12/31/2008. As of 1/1/2009 rates will be indexed to our Premier Money Market Account a the same levels, plus 25 basis points.
Certificates††
Type |
Annual Percentage Yield (APY)* |
Balance to Earn APY |
Minimum to Open Account |
Dividend Rate* |
1 Month Certificate |
0.45% |
$500 |
$500 |
0.44% |
3 Month Certificate |
0.90% |
$500 |
$500 |
0.89% |
6 Month Certificate |
0.95% |
$500 |
$500 |
0.94% |
9 Month Certificate |
1.05% |
$500 |
$500 |
1.04% |
12 Month Certificate |
1.15% |
$500 |
$500 |
1.14% |
18 Month Certificate |
1.35% |
$500 |
$500 |
1.34% |
18 Month Adjustable Certificate - Variable |
1.35% |
$500 |
$500 |
1.34% |
24 Month Certificate |
1.70% |
$500 |
$500 |
1.68% |
30 Month Certificate |
1.95% |
$500 |
$500 |
1.93% |
3 Year Certificate |
2.20% |
$500 |
$500 |
2.17% |
4 Year Certificate |
2.50% |
$500 |
$500 |
2.47% |
5 Year Certificate |
2.85% |
$500 |
$500 |
2.81% |
6 Month Jumbo Certificate |
1.15% |
$100,000 |
$100,000 |
1.14% |
12 Month Jumbo Certificate |
1.35% |
$100,000 |
$100,000 |
1.34% |
12 Month VIP Certificate - Variable |
1.40% |
$25,000 |
$25,000 |
1.39% |
IRA Certificates††
Type |
Annual Percentage Yield (APY)* |
Balance to Earn APY |
Minimum to Open Account |
Dividend Rate* |
9 Month IRA Certificate |
1.15% |
$500 |
$500 |
1.14% |
12 Month IRA Certificate - Variable |
1.25% |
$100 |
$100 |
1.24% |
12 Month IRA Certificate |
1.25% |
$100 |
$100 |
1.24% |
18 Month IRA Certificate - Variable |
1.45% |
$100 |
$100 |
1.44% |
18 Month IRA Certificate |
1.45% |
$100 |
$100 |
1.44% |
24 Month IRA Certificate |
1.80% |
$100 |
$100 |
1.78% |
30 Month IRA Certificate |
2.05% |
$100 |
$100 |
2.03% |
30 Month IRA Certificate - Variable |
2.05% |
$100 |
$100 |
2.03% |
3 Year IRA Certificate |
2.30% |
$100 |
$100 |
2.27% |
4 Year IRA Certificate |
2.60% |
$100 |
$100 |
2.56% |
5 Year IRA Certificate |
2.95% |
$100 |
$500 |
2.91% |
12 Month VIP IRA Certificate - Variable |
1.40% |
$25,000 |
$25,000 |
1.39% |
††Any Annual Percentage Yield (APY) provided in this disclosure assumes dividends will remain on deposit until maturity or for at least one year for accounts with terms. A withdrawal will reduce earnings. A substantial penalty will be assessed for early withdrawal. Dividends are compounded daily and credited monthly. Fixed rates for accounts with specific maturities are in effect until maturity. Rates for variable rate accounts are in effect through the end of each month. Rates are determined at the discretion of the Board of Directors of the Credit Union. Dividends are paid from current income and available earnings. These rates are accurate for accounts as of the date indicated above. Rates are determined weekly for time accounts. You may contact the credit union at 845.336.4444 or 800.451.8373, extension 6000, for current rate information. See your account disclosures for additional information about your account. Rates effective 9/1/2010.
