Loan Rates

The following rates are current as of the below date and are subject to change without notice. Additional terms available in addition to those listed. Rates and term will be confirmed by Alden Credit Union upon receipt of application and credit report. Please utilize our Loan Calculators.

PORTFOLIO MORTGAGES

PRICED 1% OVER THE CURRENT FEDERAL HOME LOAN BANK ZERO POINT RATE. ONLY THE ZERO POINT PRODUCT IS AVAILABLE

JUMBO, ADJUSTABLE RATES, CONSTRUCTION AND INVESTMENT PROPERTY MORTGAGES ARE ALSO AVAILABLE. PLEASE ASK FOR DETAILS.

The rates and Annual Percentage Rates (APRs) on the first mortgage loans are based on the following: $100,000.00 mortgage, 20% equity/down payment and 15 days prepaid interest. The APR will vary based on your final loan amount and finance charges. The actual interest rates and Annual Percentage Rates (APR) shown are subject to change without notice. The cost per thousand does not include Real Estate taxes and Insurance premiums. Actual payment may be higher. Fixed rate loans may be intended for sale in the secondary market and must meet investor guidelines. Homeowner’s insurance and flood insurance (if applicable) are required. Private Mortgage Insurance (PMI) is required if your down payment /equity is less than 20%. Rates posted are for purchase or refinance money, 1-4 family owner occupied properties. Maximum loan amount is $510,400.00.

HOME EQUITY

Home Equity Line of Credit provides you the most flexibility. We establish the credit line, and then you access funds when you need them, without having to reapply.

  • Borrow up to 80% of the equity in your home (appraised value minus the amount due on your first mortgage)
  • Available up to a maximum of $250,000
  • 10-year draw period with a 10-year repayment period
  • Rates and programs vary based on credit score and equity
  • Please consult your tax advisor regarding the deductibility of interest on this loan.

Home Equity Loan gives you a one-time cash payout, with a fixed or variable rate and term, so you’ll know your monthly payments exactly.

  • Available in 5, 10, 15 and 20 year terms
  • Borrow up to 90% of the equity in your home (appraised value minus the amount due on your first mortgage)
  • Available up to a maximum of $250,000
  • Rates vary based on credit score, loan to value and loan term
  • Please consult your tax advisor regarding the deductibility of interest on this loan.

CONSUMER LOANS

The following rates are based on the best credit risk score. The actual rate may vary based upon the credit score, age of collateral and mileage.

You can deduct .25% off all the auto loan and personal loan rates below by signing up for automatic withdrawal.

Fixed Rate Mortgages
Product DescriptionPointsInterest RateAPRPayment per $1000
10 Year Fixed Rate 0 2.500% 2.870% $9.43
15 Year Fixed Rate 0 2.500% 2.753% $6.67
20 Year Fixed Rate 0 2.875% 3.074% $5.48
30 Year Fixed Rate 0 3.000% 3.141% $4.22
Adjustable Rate Mortgages – Effective July 2, 2020
Product Description Initial/Annual/Life Rate Change Caps Margin/Index Interest Rate APR Payment per $1000
5/5 ARM No Boundary PLUS 2%/2%/6% 2.875% 1.99% 2.919% $3.69
5/1 ARM 2%/2%/6% 2.875% 2.490% 2.963% $3.95
7/1 ARM 2%/2%/6% 2.875% 2.625% 2.968% $4.02
5/1 ARM First Time Homebuyer 2%/2%/6% 2.875% 3.00% 4.031% $4.22
Home Equity Loans
Product Description    Interest Rate APR Payment per $1000
5 Year    3.00% 3.00% $17.97
10 Year    4.25% 4.25% $10.24
15 Year    5.75% 5.75% $8.30
20 Year    5.875% 5.875% $7.09
Home Equity Lines of Credit
Product Description    Interest Rate APR Payment per $1000
Home Equity Line of Credit    3.25% 3.25% This plan has a variable rate feature. The APR is based on the value of the Wall Street Journal prime rate. Minimum payment required $50.00
Motorcycle
Product Description Interest Rate APR Payment per $1000
60 Months 9.00% 9.00% $20.76
Auto/Harley Davidson
Product Description Interest Rate APR Payment per $1000
Up to 48 Months* 2.74% 2.74% Up to $22.02
60 Months * 2.99% 2.99% $17.96
66 Months * 2.99% 2.99% $16.45
72 Months * 3.99% 3.99% $15.64
Recreational Vehicles (RV)
Product Description Interest Rate APR Payment per $1000
24 Months - 60 Months 9.00% 9.00% $20.76- $45.68
Personal Loans
Product Description Interest Rate APR Payment per $1000
24 Months - 48 Months 12.99% 12.99% $26.82 - $47.54
Mortgages - Call for Details
Term Loans - Call for Details
Lines of Credit - Call for Details
Permanent Working Capital Loans - Call for Details

NOTE: *Due to market fluctuations programs, rates and terms and conditions are subject to change without notice