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Real Estate Loan Rates

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Whether you are buying your first home, looking for that move‐up home, want to refinance your current home, buy an investment property or looking to use that equity in your current home, BEFCU has a home mortgage loan for you.

BEFCU offers members very competitive interest rates (check them out and compare to others) and very low costs (you pay third party costs only). The rates quoted below are our best rates and may vary based on credit qualifications. The quotes are only a sample of the wide variety of loan programs and rates available. Our friendly and professional staff will help you

Fixed Rate First Mortgage Loans
Effective Date: Sunday, October 21st, 2018
Loan ProgramRatePointsAPRPrincipal & Interest Payment
30 year conforming rate 4.750% 0 4.815% $1,043.00
20 year conforming rate 4.500% 0 4.588% $1,265.00
15 year conforming rate 4.000% 0 4.110% $1,479.00
10 year conforming rate 4.000% 0 4.158% $2,025.00
30 year super conforming rate 4.875% 0 4.931% $2,646.00
15 year super conforming rate 4.500% 0 4.597% $3,825.00

APR = Annual Percentage Rate. Note:
APRs for conforming loans assume the purchase of a Single Family Primary Residence in California, a loan amount of $200,000, a credit score of at least 740, with a Loan‐to‐Value (LTV) of 60% or less. APRs for super conforming loans assume the purchase of a Single Family Primary Residence in California, a loan amount of $500,000, a credit score of at least 740, with a Loan‐to‐Value (LTV) of 60% or less. Rates posted are for illustrative purposes only; they are not intended to be a commitment, and are subject to change without notice. Your actual rate and/or points may be different. The loan rates, APR, points, and terms you may qualify for are based on your credit history, loan‐to‐value (LTV), occupancy, property type, loan amount, loan purpose, and income/financial obligations. A minimum credit qualifying score is required.

  • Purchases and rate & term refinances up to 95% LTV, loans exceeding $417,000 subject to lower LTV.
  • Mortgage insurance required for loans over 80% LTV.
  • Cash‐out refinances: maximum 80% LTV, loans exceeding $417,000: max 75% LTV.

 

Home Equity Line of Credit
Effective Date: Sunday, October 21st, 2018
Annual Percentage Rate (APR)MarginMaximum Combined Loan-to-Value (CLTV)Estimated Monthly Payment Per $10,000
5.250% 0.00% 80% $100.00

  • 7 year draw period, 15 year repayment period
  • Maximum CLTV 80%
  • No annual fees
  • Interest paid may be tax deductible (please consult with your tax advisor regarding deductibility)

The Annual Percentage Rate (APR) is based on the value of an Index. The Index is the Prime Rate as published in the Wall Street Journal. The margin, if any, is added to your APR in effect as of each adjustment date (i.e., rate change).
Your initial APR is set forth in your Agreement. Rate changes occur quarterly on January 1, April 1, July1 and October 1 of each year; rate changes are based on the Prime Rate in effect on December1, March 1, June 1 and September 1, respectively. The rate will not exceed the 18.00% or maximum rate that a federal credit union can impose. Rates and terms are subject to change without notice.

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