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Mortgage & 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 800.498.8930.

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Contact a Mortgage Loan Officer for more information or to find the program that’s right for you.

Featured Fixed Rates

Effective Date: Wednesday, August 21, 2019

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 and terms available based on creditworthiness. Escrow is required for Loan to Value (LTV) over 80%. Monthly payments are disclosed per $100,000 with a 30 year term and LTV of 80% or less. Payments do not include taxes or insurance and actual payment may be greater. Property insurance (and flood insurance if applicable) required. APR is accurate as of the effective date. An LTV greater than 80% requires Private Mortgage Insurance (PMI) which could increase your monthly payment and APR.


Featured Adjustable Rates

Effective Date: Wednesday, August 21, 2019

Interest Rates are subject to change without notice.

**Annual Percentage Rate (APR) subject to change without notice. Advertised APR based on credit score of 750 or higher. All payments quoted with beginning balance of $100,000. 7 to 1 Adjustable Caps 2% - 6%. Current margin 2.50% and current index 1.77%. ***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 $100,000 with a 30 year term and LTV of 80% or less. Payments do not include taxes or insurance and actual payment may be greater. Property insurance (and flood insurance if applicable) required. 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.



Home Equity Line of Credit Special

Effective Date: Wednesday, August 21, 2019

ProductInterest RatePointsAPR*Current Prime RateFloor Rate
Home Equity Line of Credit1.99%01.99%5.25%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 APR 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. Payments do not include taxes or insurance and actual payment may be greater. Property insurance (and flood insurance if applicable) required. Your tax advisor should be consulted as any interest expense incurred may be tax deductible. Properties with a loan-to-value (LTV) of 80% or less only. APR will not fall below 4.00%. All rates must not exceed state usury rate of 21%. No annual fee for first year, $50 per year thereafter. New People’s Credit Union loans only. Additional fees may apply if held in trust or with power of attorney.


Home Equity Line of Credit

Effective Date: Wednesday, August 21, 2019

ProductInterest RatePointsAPR*
Home Equity Line of Credit5.25%05.25%

 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 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. Payments do not include taxes or insurance and actual payment may be greater. Property insurance (and flood insurance if applicable) required. Your tax advisor should be consulted as any interest expense incurred may be tax deductible. Properties with a loan-to-value (LTV) of 80% or less only. APR will not fall below 4.50%. No annual fee. Additional fees may apply if held in trust or with power of attorney.


Expanded Home Equity Line of Credit (90% Financing)

Effective Date: Wednesday, August 21, 2019

ProductInterest RatePointsAPR*
15 Years7.75%07.75%

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 720 or higher with a maximum Combined Loan-To-Value (LTV) of 90%. Other rates and terms available based 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. Payments do not include taxes or insurance and actual payment may be greater. Property insurance (and flood insurance if applicable) required. APR will not fall below 6.25%. No annual fee. Additional fees may apply if held in trust or with power of attorney.


Fixed Rate Home Equity Loan (First Position)

Effective Date: Wednesday, August 21, 2019

ProductInterest 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) is effective as of 04/03/2019 and subject to change without notice. Advertised APR based on a credit score of 720 or higher with a maximum Loan-To-Value (LTV) of 80% and first lien position. Other rates and terms available based on creditworthiness. Account subject to individual approval. 1-4 Family Owner-Occupied, Condominium or Second Home(which is not a rental property) only. Property insurance (and flood insurance if applicable) is required. Maximum loan amount $250,000. Additional fees will apply if held in trust or with power of attorney. Monthly payments do not include insurance and taxes. Monthly payment for loans with maximum LTV of 80% is $9.66 per thousand borrowed for 120 months. Monthly payment advertised is for 120 month term. Other conditions may apply. Please consult a tax advisor regarding the deductibility of interest. See branch for full details.

 

 


Fixed Rate Home Equity Loans (Second Position)

Effective Date: Wednesday, August 21, 2019

ProductInterest RatePointsAPR*Monthly Payment Per $1,000 Borrowed
Up to 8 Years**3.99%03.99%$12.18
10 years4.50%04.50%$10.36
15 Years5.00%05.00%$7.91
20 Years5.50%05.50%$6.88

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%.

**Annual Percentage Rate (APR) is effective as of 12/27/2018 and subject to change without notice. Advertised APR based on a credit score of 720 or higher with a maximum Loan-To-Value (LTV) of 80% and second lien position. Other rates and terms available based on creditworthiness. Account subject to individual approval. 1-4 Family Owner-Occupied, Condominium or Second Home (which is not a rental property) only. Payments do not include taxes or insurance and actual payment may be greater. Property insurance (and flood insurance if applicable) required. Maximum loan amount $250,000. Monthly payments do not include insurance and taxes. Monthly payment for loans with maximum LTV of 80% is $12.18 per thousand borrowed for 96 months. Monthly payment advertised is for 96 month term. Other conditions may apply. Please consult a tax advisor regarding the deductibility of interest. Additional fees may apply if held in trust or with power of attorney.


Expanded Equity (First Position - 90% Financing)

Effective Date: Wednesday, August 21, 2019

ProductInterest 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. Advertised APR based on a credit score of 720 or higher with a maximum Combined Loan-To-Value (LTV) of 90%. Other rates and terms available based on creditworthiness. Single Family, Duplex or Condo, Owner-Occupied Primary Residence Properties only. Payments do not include taxes or insurance and actual payment may be greater. Property insurance (and flood insurance if applicable) required. Maximum loan amount $250,000. Additional fees may apply if held in trust or with power of attorney.


Expanded Equity (Second Position - 90% Financing)

Effective Date: Wednesday, August 21, 2019

ProductInterest RatePointsAPR*Monthly Payment Per $1,000 Borrowed
10 Years6.00%06.00%$11.10
15 Years6.50%06.50%$8.71
20 Years7.00%07.00%$7.75

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 720 or higher with a maximum Combined Loan-To-Value (LTV) of 90%. Other rates and terms available based on creditworthiness. Single Family, Duplex or Condo, Owner-Occupied Primary Residence Properties only. Payments do not include taxes or insurance and actual payment may be greater. Property insurance (and flood insurance if applicable) required. Maximum loan amount $250,000. Additional fees may apply if held in trust or with power of attorney.