| Loan Type | Rate* | Points | APR** | Example Loan | Monthly Payment*** | effective date |
|---|---|---|---|---|---|---|
| 30-Year Fixed | 7.125% | 0.250% | 7.220% | $300,000 | $2,021.16 | 9/29/2023 |
| 15-Year Fixed | 6.875% | 0.000% | 6.986% | $300,000 | $2,675.56 | 9/29/2023 |
| 7-Year ARM | 6.500% | 0.250% | 7.328% | $300,000 | $1,896.20 | 9/29/2023 |
| 30-Year Fixed Invest | 8.000% | 0.375% | 8.087% | $300,000 | $2,201.29 | 9/29/2023 |
| Jumbo 30-Year Fixed | 7.000% | 0.500% | 7.099% | $900,000 | $5,987.72 | 9/29/2023 |
| Jumbo 15-Year Fixed | 6.750% | 0.250% | 6.867% | $900,000 | $7,964.19 | 9/29/2023 |
| 7-Year Jumbo ARM | 6.500% | 0.250% | 7.284% | $900,000 | $5,688.61 | 9/29/2023 |
* Rates are owner occupied single-family purchase money rates assuming a 25% down payment and credit score of 740.
**The Annual Percentage Rate (APR) is the cost of credit expressed as a yearly rate. The APR takes into account closing costs and fees. Interest rates, APRs, and points shown are subject to change without notice.
***Payment examples are principal and interest only and do not include amounts for taxes and insurance premiums. Actual payment may vary based on your specific situation.
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1. Discount on closing costs applies only to the purchase of an owner-occupied, single-family residence in Washington State and loan amount of $100,000.00 or more. Promotion subject to standard WECU loan closing requirements and conditions.
2. With the Close on Time Guarantee, we guarantee closing your purchase by the date on your fully executed Purchase and Sale agreement (closing time frames less than 21 days do not qualify). In accordance with the terms of the offer, if your purchase is not closed by the date, we will provide you $500. The Close on Time Guarantee timeframe begins upon receipt of a completed application, along with all requested documentation including acceptable assets and income documents, signed disclosures and a fully executed Purchase and Sale Agreement. The fully executed Purchase and Sale Agreement must be received by WECU within 2 business days of mutual acceptance. All home mortgage lending products are subject to credit, property, and investor lending approval requirements. Fees may apply for expedited services.
The Close on Time Guarantee will be void if the following occurs: Delay caused by addressing title defects, Delay caused by natural disasters, Factors outside of WECU control including scheduling or completion delays related to appraisals, and appraisal value disputes, Delays caused by third-parties required to complete the transaction, Delays or extensions in completion of new construction, improvements or repairs being made to the subject property, Failure by borrower or seller to meet contract terms and requirements including seller-related delays or further negotiation of or changes to the purchase contract, loan terms, or borrower’s eligibility for the loan (e.g. changes in credit profile, or employment). Close on Time Guarantee is not available for government financing such as USDA or condominiums.
3. $500 off future closing costs if you refinance with WECU on your WECU funded purchase transaction and if you close by June 30, 2026. Offers expire December 31, 2023. All rates, terms, and conditions subject to change without notice. Offers apply only to primary residence.
Offers expire December 31, 2023. All rates, terms, and conditions subject to change without notice. Offers apply only to primary residence.
The information provided on this page is for comparative purposes only. Rates and terms may change at any time and without prior notice. Your actual rate, payment, terms, and costs could be different. Get an official Loan Estimate before choosing a loan. Your rate, fees, and terms may differ based on when your rate is locked, actual occupancy status, loan purpose, loan amount, credit score, debt to income ratio, loan to value ratio, etc. All home lending products, including mortgage, home equity loans and home equity lines of credit, are subject to credit and collateral approval.
The payment examples do not include mortgage insurance, amounts for taxes, and insurance premiums. The actual payment will be higher if mortgage insurance is required on your loan. Your actual payment obligation will be greater considering taxes and insurance premiums. An initial borrower deposit may be required if an escrow account for taxes and insurance is established.
There may be additional loan options (not available online) for your specific loan type, including USDA, depending on loan amount, occupancy, number of units, loan to value and purpose. Please call us at 800-525-8703 x7390 to discuss additional options or click Team page to make an appointment with a Mortgage Advisor.
Adjustable Rate Mortgage Disclosure
Consumer Handbook on Adjustable Rate Mortgages
NMLS ID 401041
WECU real estate products are available only for properties located within Washington State.
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