Mortgage 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 Originator 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 originator in your area for more information or to find the program that’s right for you.

Adjustable Rate Mortgages

Effective Date: Wednesday, April 23, 2014

Interest Rate Points APR* Monthly Payments
5 to 1 ARM 2.875% 0 2.92% Payments 1-60 $414.89
Payments 61-360 $414.89
7 to 1 ARM 3.375% 0 3.42% Payments 1-84 $442.10
Payments 85-360 $442.10
10 to 1 ARM 3.625% 0 3.67% Payments 1-120 $456.05
Payments 121-360 $456.05

 Rates are subject to change without notice.

* Annual Percentage Rate (APR) subject to change without notice. 5 to 1 Adjustable Caps 2% - 6%, 7 to 1 Adjustable Caps 2% - 6%, 10 to 1 Adjustable Caps 5% after initial 10 years; 2% - 5% thereafter. Margin 2.50% Index .11% All payments quoted with beginning balance of $100,000


Fixed Rate Mortgages

Effective Date: Wednesday, April 23, 2014

Interest Rate Points APR* Monthly Payments
15 Year 3.375% 0 3.46% $7.09
20 Year 4.125% 0 4.20% $6.13
30 Year 4.375% 0 4.43% $4.99

 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.


3...2...1... Purchase Mortgages

Effective Date: Wednesday, April 23, 2014

Interest Rate Points APR* Monthly Payments
7/1 ARM
Single Family
Owner Occupied Purchase Only
3.500% 0 4.01% Payments 1-84 $449.04
Payments 85 $449.04

 Rates are subject to change without notice.

* Annual Percentage Rate (APR) subject to change without notice. 7 to 1 ARM Caps 2% - 6%. Index .11%. Maximum Loan to Value (LTV): 97% All payments quoted with beginning balance of $100,000. Minimum credit score 680. Maximum loan amount $417,000. Private Mortgage Insurance (PMI) required. Applicants may be required to complete a Home Buyer Education program prior to closing. Contact Mortgage Specialist for details. Other ARM products may be available.


First Time Home Buyers Program

Effective Date: Wednesday, April 23, 2014

Interest Rate Points APR* Monthly Payments
10/1 ARM
Single Family
Owner Occupied Purchase Only
3.875% 0 4.40% Payments 1-120 $470.24
Payments 121-360 $470.24

 Rates are subject to change without notice.

* Annual Percentage Rate (APR) subject to change without notice. Maximum loan amount $417,000. Purchase only. Cap: 5% after initial 10 years; 2%-5% thereafter. Margin: 2.50% Index: .11% Maximum Loan to Value (LTV): 97% Applicants may be required to complete a Home Buyer Education program prior to closing. All payments quoted with beginning balance of $100,000.


Home Equity Line of Credit Special

Effective Date: Wednesday, April 23, 2014

Interest RatePointsAPR*
Home Equity Line of Credit1.99%01.99%

 Rates are subject to chnage 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. Advertised rate based on a  credit score of 750 or higher. Other rates and terms available based on creditworthiness. Maximum loan amount is $250,000.00; maximum loan term is 180 months. Principal and interest payments required. Minimum initial draw at closing of $25,000 in new funds. No closing costs. 1-4 family, owner-occupied, primary residence properties only. 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: Wednesday, April 23, 2014

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

 Rates are subject to change without notice.

* Annual Percentage Rate (APR) subject to change without notice. Maximum loan amount $250,000. Rate offered on Lines with maximum Loan To Value (LTV) of 80%. Other rates and terms available on creditworthiness. Owner-occupied homes only.


Fixed Rate Home Equity Loan (First Position)

Effective Date: Wednesday, April 23, 2014

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

 Rates are subject to chnage 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: Wednesday, April 23, 2014

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

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.


First Position Home Equity Loan (100% Financing)

Effective Date: Wednesday, April 23, 2014

ProgramIntertest RatePointsAPR* Monthly Payment Per $1,000 Borrowed
10 Years3.50%03.50%$9.89

Rates are subject to change without notice.

* Annual Percentage Rate (APR) subject to change without notice. APR based on a credit score of 750 or higher for qualifying properties with a maximum Loan-To-Value (LTV) of 100%, first lien position equity. Other rates and terms available based on creditworthiness. 1-4 Family Owner-Occupied Primary Residence Properties only. Property insurance (and flood insurance if applicable) required. Minimum loan amount $25,000. Maximum loan amount $250,000. Monthly payment advertised is for the full term of the loan. See branch for full details.