Fixed Rate Mortgages - Purchase Rates

Fixed Rate Mortgages - Refinance Rates

FHA – 30 Year Fixed Rate Mortgage Loans

Adjustable Rate Mortgages (ARM)

Home Equity Lines of Credit

Home Equity Loans

Purchase - Fixed Rate Mortgages
1-4 Family Residential Mortgages

APRs based on $165,000.00 loan amount with 20% down payment and a 740+ FICO. Loans with less down payment may require mortgage insurance which will increase monthly payment. Taxes and insurance required but not included in payment amounts. Stated rates are not eligible for loan modifications. Maximum 45-day rate lock. See our Mortgage Loan Specialists for details on all our mortgage products. 
 

Product

Points

Rate

APR

Months

$ Payments

15 Years

0.000%

2.900%

3.037%

1-180

$1131.54

20 Years

0.000%

3.500%

3.608%

1-240

$956.93

30 Years

0.000%

3.650%

3.728%

1-360

$754.81

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Refinance - Fixed Rate Mortgages 
1-4 Family Residential Mortgages

APRs based on $165,000.00 loan amount with 20% down payment and a 740+ FICO. Loans with less down payment may require mortgage insurance which will increase monthly payment. Taxes and insurance required but not included in payment amounts. Stated rates are not eligible for loan modifications. Maximum 45-day rate lock.  See our Mortgage Loan Specialists for details on all our mortgage products. 
 

Product

Points

Rate

APR

Months

$ Payments

15 Years

0.000%

3.050%

3.186%

1-180

$1143.43

20 Years

0.000%

3.650%

3.758%

1-240

$969.70

30 Years

0.000%

3.800%

3.878%

1-360

$768.83

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FHA – 30 Year Fixed Rate Mortgage Loans

APRs based on $165,000 loan amount with 5% down payment; loan amount increased by 1.00% to $168,713 for financing of required upfront MIP. Payments quoted include required monthly mortgage insurance premium.  Taxes and other insurance required but not included in payment amounts.  Stated rates are not eligible for loan modification.  Maximum 60-day rate lock.  See our Mortgage Loan Specialists for details on all our mortgage products. 
 

Product

Points

Rate

APR

Months

$ Payments

30 Years

1.00

3.250%

4.303%

102

$1,103.22 to $1,062.32

257

$881.35

1

$883.37

30 Years

0

3.500%

4.487%

105

$1,131.33 to $1,091.73

254

 $909.38

1

 $908.19

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1-4 Family Residential Mortgages
Adjustable Rate Mortgages (ARM)

Interest rate, payment and APR for ARM loans may increase after consummation because interest rates are calculated on margins plus movable indexes. All ARM products have margins of 2.75%. Interest rate changes on all products but the 5/5 ARM are limited to period maximums of 2% and life of loan maximums of 6%  Interest rate changes on the 5/5/ ARM are limited to period maximums of 3% and life of loan maximums of 6%. Beginning payments represent actual principal and interest amounts due for $165,000.00 loan amount for 30 years. Subsequent payments are representative amounts based on the recent index value plus the margin for remaining term. Future index values may be greater (or less) than stated "recent index" values causing actual future principal and interest payments to be different than stated here. 

Product

Points

Rate

APR

Months

$ Payments

Recent
Index

Margin

1/1 ARM

0.000%

2.750%

2.940%

1-12

$673.60

2.875%

13-360

$684.26

0.12%

2.750%

3/3 ARM

0.000%

2.500%

3.064%

1-36

$651.95

3.125%

37-360

$701.95

0.40%

2.750%

5/5 ARM

0.000%

2.700%

3.379%

1-60

$669.24

3.625%

61-360

$740.13

0.84%

2.750%

5/1 ARM

0.000%

2.600%

2.855%

1-60

$660.56

2.875%

61-360

 $681.04

0.12%

2.750%

7/1 ARM

0.000%

3.090%

3.048%

1-84

$703.68

2.875%

85-360

$688.40

0.12%

2.750%

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Home Equity Lines of Credit

Posted rates require automatic payment from a First Federal of Lakewood checking account.  Rates are subject to change without notice and are subject to credit approval. Monthly payments are interest only with a balloon payment of any outstanding balance at the end of the term. Homeowners insurance is required. For certain loans, an appraisal fee of up to $300 may be required. Consult your tax adviser regarding the deductibility of interest. Maximum loan amount of $250,000. Rates have been calculated using an 80.00% CLTV=Combined Loan To Value.  

Product

Points

Rate

APR

Recent
Index

Margin

HELOC

0.000%

5.000%

5.000%

3.250%

1.750%

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Home Equity Loans

Posted rates require automatic payment from a First Federal of Lakewood checking account; are subject to change without notice; and, are subject to credit approval. Monthly payments cover principal and interest and are dependant on amount borrowed. Homeowners insurance is required. For certain loans, an appraisal fee of up to $300 may be required. Consult your tax adviser regarding the deductibility of interest. Rates have been calculated using an 80.00% CLTV=Combined Loan To Value.  
 

Product

Points

Rate

APR

15 Year

0.000%

4.975%

4.993%

20 Year

0.000%

5.600%

5.615%

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