Rates as of 07/02//2020 (subject to change)
University of Hawai`i Federal Credit Union offers several loan programs. Most loan programs contain different features and benefits that help us customize an option that fits you best! The most common loan programs include:
5/5 ARM | 15/15 ARM | 15-Year Fixed Mortgage | 30-Year Fixed Mortgage
FIRST MORTGAGES
ADJUSTS ONLY ONCE EVERY 5 YEARS
| RATE | APR* |
| 2.000% | 2.414% |
* Annual Percentage Rate (APR). Rates and offers are in effect as of July 02, 2020, offered for a limited time and subject to change without notice. Example based on $200,000 loan. Other restrictions apply. Rate is variable and can increase by no more than 2 percentage points after the initial five year period and at each subsequent annual rate adjustment, with a lifetime maximum adjustment of 6%. Since the value of the index in the future is unknown, the First Adjustment Payments displayed are based on the current index plus margin (fully indexed rate) as of the date above.
5/5 ARMs: Offers available for purchases and refinances. The initial rate can change by no more than 2 percentage points after the initial five year period and at each subsequent annual rate adjustment, never to exceed 6 percentage points above the initial rate. When the rate adjusts, your new rate will be the then current index plus margin, which is currently set at 2.000% for the new products, as long as it does not exceed the 2% adjustment cap.
NOTE: A 1.000% origination fee applies to this loan program. Points are the responsibility of the borrower and not covered in promotions. The application of discount points will be determined by the LTV ratio.
We do business in accordance with the Federal Fair Housing Law and the Equal Credit Opportunity Act.
ADJUSTS ONLY ONCE FOR THE LIFE OF THE LOAN
| RATE | APR* |
| 3.000% | 3.179% |
* Annual Percentage Rate (APR). Rates and offers are in effect as of July 02, 2020, for new applications only, for a limited time, and subject to change without notice. Example based on $200,000 loan. Other restrictions apply. Rate is variable and can increase by no more than 6 percentage points every 15 years. Since the index in the future is unknown, the First Adjustment Payments displayed are based on the current index plus margin (fully indexed rate) as of the date above.
15/15 ARMs: Available on purchases and refinances. Not available for applications without a property address (pre-purchase). The initial rate is fixed for 15 years (180 months). When the rate adjusts, your new rate will be the then current index (weekly average yield on US Treasury securities adjusted to a constant maturity of 10 years) plus a margin of two percent (2.000%) rounding to the nearet one-eighth (0.125%). The new rate cannot exceed six percent (6.000%) above the initial rate or cannot be lower than the floor rate of two percent (2.000%).
NOTE: A 1.000% origination fee applies to this loan program. Points are the responsibility of the borrower and not covered in promotions. The application of discount points will be determined by the LTV ratio.
The applicant is responsible for the following fees and costs at the time of closing. Origination fee, appraisal fee, tax service fee, CLO access fee, title fees, transfer tax fees, credit report fee, flood cert fee, recording fee, survey if required and work verification fee, escrow reserves and interest due until first payment, other cost may be included due to program specific circumstances. This is not intended to be an all-inclusive list.
We do business in accordance with the Federal Fair Housing Law and the Equal Credit Opportunity Act.
LOW FIXED RATE
| RATE | POINTS | APR* |
| 2.500% | 1.000% | 2.810% |
* Annual Percentage Rate (APR). The information provided assumes the purpose of the loan is to purchase a property, with a loan amount of $200,000 and an estimated property value of $267,000. The property is located within the state of Hawai'i. The property is an existing single family home and will be used as a primary residence. The rate lock period is 45 days and the assumed credit score is 740.
If an escrow account is required or requested, the monthly payment will also include amounts for real estate taxes and homeowner's insurance premiums.
All Fixed Rate Mortgage Programs: The application of additional loan level pricing adjustments will be determined by various loan attributes to include but not limited to the loan-to-value (LTV) ratio, credit score, transaction type, property type, product type, occupancy, and subordinate financing.
The applicant is responsible for the following fees and costs at the time of closing. Appraisal fee, tax service fee, CLO access fee, title fees, transfer tax fees, credit report fee, flood cert fee, recording fee, survey if required and work verification fee, escrow reserves and interest due until first payment. Other costs may be included due to program specific circumstances. This is not intended to be an all-inclusive list.
Additional reserve requirements may apply.
We do business in accordance with the Federal Fair Housing Law and the Equal Credit Opportunity Act.
LOW FIXED RATE
| RATE | POINTS | APR* |
| 4.000% | 0.500% | 4.213% |
* Annual Percentage Rate (APR). The information provided assumes the purpose of the loan is to purchase a property, with a loan amount of $200,000 and an estimated property value of $267,000. The property is located within the state of Hawai'i. The property is an existing single family home and will be used as a primary residence. The rate lock period is 45 days and the assumed credit score is 740.
If an escrow account is required or requested, the monthly payment will also include amounts for real estate taxes and homeowner's insurance premiums.
All Fixed Rate Mortgage Programs: The application of additional loan level pricing adjustments will be determined by various loan attributes to include but not limited to the loan-to-value (LTV) ratio, credit score, transaction type, property type, product type, occupancy, and subordinate financing.
The applicant is responsible for the following fees and costs at the time of closing. Appraisal fee, tax service fee, CLO access fee, title fees, transfer tax fees, credit report fee, flood cert fee, recording fee, survey if required and work verification fee, escrow reserves and interest due until first payment. Other costs may be included due to program specific circumstances. This is not intended to be an all-inclusive list.
Additional reserve requirements may apply.
LOW FIXED RATE
| RATE | POINTS | APR* |
| 4.250% | 0.500% | 4.408% |
* Annual Percentage Rate (APR). The information provided assumes the purpose of the loan is to purchase a property, with a loan amount of $200,000 and an estimated property value of $267,000. The property is located within the state of Hawai'i. The property is an existing single family home and will be used as a primary residence. The rate lock period is 45 days and the assumed credit score is 740.
If an escrow account is required or requested, the monthly payment will also include amounts for real estate taxes and homeowner's insurance premiums.
All Fixed Rate Mortgage Programs: The application of additional loan level pricing adjustments will be determined by various loan attributes to include but not limited to the loan-to-value (LTV) ratio, credit score, transaction type, property type, product type, occupancy, and subordinate financing.
The applicant is responsible for the following fees and costs at the time of closing. Appraisal fee, tax service fee, CLO access fee, title fees, transfer tax fees, credit report fee, flood cert fee, recording fee, survey if required and work verification fee, escrow reserves and interest due until first payment. Other costs may be included due to program specific circumstances. This is not intended to be an all-inclusive list.
Additional reserve requirements may apply.
We do business in accordance with the Federal Fair Housing Law and the Equal Credit Opportunity Act.
Ready to get started? Call us at 808-983-5555 or apply online.
