Mortgage and Home Equity Rates

There has never been a better time to buy a home. People’s Credit Union offers a wide range of programs to meet your needs.

All products and rates quoted are for Owner Occupied 1-4 family. Private Mortgage Insurance (PMI) required if Loan to Value (LTV) exceeds 80% or if noted otherwise. Other rates and terms may be available based on credit worthiness. Please contact a People’s Credit Union mortgage loan officer for additional details.

People’s Credit Union has a variety of additional terms available for you. If you would like more information on a product that you do not see listed on this page, please contact us at 401.846.8930.

How to Apply

Contact a mortgage loan officer in your area for more information or to find the program that’s right for you.

Featured Rates

Effective Date: Friday, August 26, 2016

Interest Rates are subject to change without notice.

*Fixed Rate Terms - Payments do not include taxes or insurance and actual payment may be greater. Annual Percentage Rate (APR) subject to change without notice. Advertised APR based on a credit score of 750 or higher. Other rates available based on creditworthiness. Rate offered with maximum Loan-To-Value (LTV) of 80%. Monthly payments are disclosed per $1,000.

**7/1 ARM - Payments do not include taxes or insurance and actual payment may be greater. Annual Percentage Rate (APR) subject to change without notice. All payments quoted with beginning balance of $1,000.00. 7 to 1 Adjustable Caps 2% - 6%. Current margin 2.50% and current index 0.58%. The second payment stream will be based on fully indexed rate or the floor rate if the floor rate is greater than the fully indexed rate. Escrow is required for Loan to Value (LTV) over 80%. Monthly payments are disclosed per $1,000.00 with a 30 year term and LTV of 80% or less. APR is accurate as of the effective date. The APR is subject to increase after closing. An LTV greater than 80% requires Private Mortgage Insurance (PMI) which could increase your monthly payment and APR. Other ARM products may be available.


133% CLTV Home Improvement Loan

Effective Date: Friday, August 26, 2016

Interest RatePointsAPR* Monthly Payment Per $1,000 Borrowed
133% CLTV Home Improvement Loan6.50%07.89%$11.35

Interest Rates are subject to change without notice.

*Annual Percentage Rate (APR) subject to change without notice. APR of 7.89% based on a credit score of 720 or higher, 120 month term, with a note amount over $50,000 and Combined Loan-To-Value (LTV) between 100.01% to 133%. Monthly payment of $11.35 per $1,000.00. Other rates and terms available based on creditworthiness. Single Family, Duplex or Condo, Owner-Occupied Primary Residence Properties only. Property insurance (and flood insurance if applicable) required. Maximum loan amount $250,000. If applicable, site inspections and title updates to be paid for by the homeowner.


Home Equity Line of Credit Special

Effective Date: Friday, August 26, 2016

Interest RatePointsAPR*Current Prime RateFloor Rate
Home Equity Line of Credit1.99%01.99%3.50%4.00%

Interest Rates are subject to change without notice.

*Annual Percentage Rate (APR) of 1.99% is fixed for the first 6 months, followed by a variable rate based on the Prime Rate as published in The Wall Street Journal on the first business day of the month. Current index rate may vary. Advertised rate based on a credit score of 720 or higher. Other rates and terms available based on creditworthiness. Maximum loan amount is $250,000; maximum loan term is 180 months. Minimum initial draw at closing of $25,000 in new funds. 1-4 family, owner-occupied, primary residence properties only; no closing costs. Property insurance (and flood insurance if applicable) required. Properties with a loan-to-value (LTV) of 80% or less only. APR will not fall below 4.00%. No annual fee for first year, $50 per year thereafter. New People’s Credit Union loans only.


Home Equity Line of Credit

Effective Date: Friday, August 26, 2016

ProgramInterest RatePointsAPR*
Home Equity Line of Credit4.50%04.50%

 Interest Rates are subject to change without notice.

*Annual Percentage Rate (APR) subject to change without notice. Advertised rate based on a credit score of 720 or higher. Other rates and terms available on creditworthiness. Maximum loan amount of $250,000; maximum loan term is 180 months. 1-4 family, owner-occupied, primary residence properties only; no closing costs. Property insurance (and flood insurance if applicable) required. Properties with a loan-to-value (LTV) of 80% or less only. APR will not fall below 4.50%. No annual fee.


Expanded Home Equity Line of Credit (100% Financing)

Effective Date: Friday, August 26, 2016

Interest RatePointsAPR*
15 Years6.00%06.00%

Interest Rates are subject to change without notice.

*Annual Percentage Rate (APR) subject to change without notice. APR of 6.00% based on a credit score of 720 or higher with a maximum Combined Loan-To-Value (LTV) of 100%. Other rates and terms available on creditworthiness. Maximum loan amount of $250,000; maximum loan term is 180 months. Single Family, Duplex or Condo, owner-occupied, primary residence properties only. Property insurance (and flood insurance if applicable) required. APR will not fall below 6.00%. No annual fee.


Fixed Rate Home Equity Loan (First Position)

Effective Date: Friday, August 26, 2016

Interest RatePointsAPR*Monthly Payment Per $1,000 Borrowed
10 Years3.00%03.00%$9.66

 Interest Rates are subject to change without notice.

* Annual Percentage Rate (APR) subject to change without notice. Advertised APR based on a credit score of 750 or higher. Other rates available based on creditworthiness. Rate offered with maximum Loan-To-Value (LTV) of 80%. Monthly payments are disclosed per $1,000.


Fixed Rate Home Equity Loans (Second Position)

Effective Date: Friday, August 26, 2016

PointsAPR*Monthly Payment Per $1,000 Borrowed
10 years05.00%$10.61
15 Years05.50%$8.17
20 Years06.00%$7.16

Interest Rates are subject to change without notice.

* Annual Percentage Rate (APR) subject to change without notice. Rate offered with maximum Loan-To-Value (LTV) of 80%. Monthly payments are disclosed per $1,000.


Expanded Equity (First Position - 100% Financing)

Effective Date: Friday, August 26, 2016

ProgramInterest RatePointsAPR*Monthly Payment Per $1,000 Borrowed
10 Year4.50%04.50$10.36

Interest Rates are subject to change without notice.

* Annual Percentage Rate (APR) subject to change without notice. APR of 4.50% based on a credit score of 720 or higher with a maximum Combined Loan-To-Value (LTV) of 100%. Monthly payment of $10.36 per $1,000.00. Other rates and terms available based on creditworthiness. Single Family, Duplex or Condo, Owner-Occupied Primary Residence Properties only. Property insurance (and flood insurance if applicable) required. Maximum loan amount $250,000.


Expanded Equity (Second Position - 100% Financing)

Effective Date: Friday, August 26, 2016

ProgramInterest RatePointsAPR*Monthly Payment Per $1,000 Borrowed
10 Years6.50%06.50%$11.35
15 Years7.00%07.00%$8.99
20 Years7.50%07.50%$8.06

Interest Rates are subject to change without notice.

* Annual Percentage Rate (APR) subject to change without notice. APR of 6.50% based on a credit score of 720 or higher with a maximum Combined Loan-To-Value (LTV) of 100%. Monthly payment of $11.35 per $1,000.00. Other rates and terms available based on creditworthiness. Single Family, Duplex or Condo, Owner-Occupied Primary Residence Properties only. Property insurance (and flood insurance if applicable) required. Maximum loan amount $250,000.