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Mortgage Loan Rates
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“Conforming” loan amounts are less than or equal to $548,250; $822,375 in AK and HI. “Jumbo” loan amounts are greater than $548,250; $822,375 in AK and HI.
0 point pertains to the "Origination Point Fee" and there may be other loan level pricing adjustment (LLPA) costs that still apply. These can be affected by the applicant's loan-to-value, credit score, cash-out, occupancy status, and other factors.
- Annual Percentage Rates (APR) are calculated based on a loan amount of $548,250 for conforming loans, $822,375 for Jumbo loans. The amortization term for Adjustable Rate Mortgage (ARM) programs is 30-years.
- Rates shown are for a credit score of 740 or better, purchase, one unit, owner-occupied property on a 45 day lock, based on an 80% or less loan to value ratio. Your rate may be different.
- If down payment is less than 20%, mortgage insurance may be needed on the loan. This could increase the monthly payment and the APR.
- For adjustable-rate mortgages (ARMs), rates are subject to increase after consummation.
- For the 7/6 months, 5/6 months, and 3/6 months ARM programs the interest rate is fixed for the initial 7, 5, or 3 years. After the initial fixed period, the rate will adjust every six months for the remaining term.
- Other amortization terms available.
- Not all borrowers will qualify for all rates. Rates and terms are subject to change without notice. Limited to owner-occupied, one-to-four family units. Other restrictions on property may apply. Property insurance required. Flood insurance may be required.
- Rates subject to change daily.
- Rates are not guaranteed until locked.
- Click here for the interest rate cap table.
Checking & Savings Rates
|Minimum Balance||Dividend Rate1||APY2|
|Primary Share Savings3||$25||0.300%||0.30%|
|New Solutions Checking5||$0||0.000%||0.00%|
|Accumulative IRA/ Roth IRA||$0||0.300%||0.30%|
|MarketEdge Money Market / HSA MarketEdge|
|up to $2,499.99||$0||0.300%||0.30%|
|$2,500.00 - $249,999.99||$2,500||0.499%||0.50%|
|$250,000.00 and above||$250,000||0.499%||0.50%|
|Minimum Deposit||Term (Months)||Dividend Rate7||APY8|
Rates are subject to change without notice. Rates shown are "as low as."
1 Dividends will be compounded daily and will be credited to your account every month. Rates are not guaranteed and are subject to change without notice.
2 APY = Annual Percentage Yield. Rates are variable and may change after the account is opened. Fees may reduce earnings.
3 You are required to maintain a minimum balance of $25.00 in your Primary Share Savings account to keep your membership active and maintain other accounts.
4 You must maintain a minimum balance of $25 in your Primary Share Savings account to maintain your accounts. You must maintain a minimum daily balance of $500.00 in your account each day to obtain the disclosed dividends.
5 You must maintain a minimum balance of $25 in your Primary Share Savings account to maintain your accounts. This account does not earn dividends.
6 You must maintain a minimum balance of $25 in your Primary Share Savings account to maintain your accounts. Dividend rate applies to balances up to and including $1000.00. Balances of $1,000.01 and above will earn the same dividend rate as our Primary Share Savings account.
7 Fees may reduce earnings. All certificates are subject to an early withdrawal penalty. Dividends will be compounded daily and will be credited to your account monthly.
8 APY = Annual Percentage Yield. All certificates are subject to an early withdrawal penalty. Fees may reduce earnings. Rate subject to change without notice.
Consumer Loan Rates
|Loan Type||APR as low as1|
|Personal Line of Credit||9.90%|
|Secured Loan2||Certificate Rate +2.00%|
2 APR is equal to the rate you are receiving on the certificate pledged as security at the time the loan is obtained, plus 2.00%.
Loan payment example: Personal Loan: $20.23 per month per $1,000 borrowed at 7.90% APR for 60 months
|Platinum VISA® & Platinum MasterCard® Rates Starting as Low as||7.99%|
Home Equity Loan Rates
|Term||Rate %||Points||APR %1||Est. Payment per $1000|
|15 Year Fixed Rate||4.000%||0||4.364%||$7.46|
|Loan-To-Value||Loan Amounts up to2||Index||APR as low as3|
1 Annual Percentage Rates (APR) is calculated based on a loan amount $50,000 for Home Equity loans. For Home Equity Loans Rate is fixed for the term of the loan. Actual rate is based on the loan-to-value and the borrower's credit score at the time of origination. Home Equity Loans in TX available up to 80% LTV Maximum.
2 Credit limit based on your creditworthiness. Please contact the credit union for the minimum and maximum loan amounts for the various Combined Loan-to-Values (CLTVs).
3 Rate shown is based on a Combined Loan-to-Value (CLTV) of 80% or less. Rate will increase based on a CLTV greater than 80%. For Home Equity Lines of Credit the rate is variable and based on the Prime Rate as published in the "Money Rates" section of the Wall Street Journal, plus a margin. The margin is based on loan-to-value and borrower(s) credit score at time of origination. The maximum annual percentage rate in a variable rate plan is 18%.
* Taxes and insurance not included, your actual payment obligation may be higher.
No fees are imposed for opening a Home Equity Line of Credit. If the account is closed within three years of opening, early closure fees will be added to the Account Balance in the amount of $500 for credit lines up to $100,000 and $700 for credit lines above $100,000. Early closure fees are not assessed where prohibited by state law or when the account is closed as part of a Spectrum Credit Union refinance.
Property insurance is required. Flood insurance may be required. Rates, APR, terms and conditions are subject to change without notice.
Vehicle Loan Rates
|Loan Type||Vehicle Type||Term (Months)1||APR as low as2|
|RVs & Personal Watercraft||New||12-60||4.74%|
1 Actual term based on amount financed.
2 APR = Annual Percentage Rate. Rates are subject to credit approval and shown are “as low as”. APRs range based on factors including transaction type, loan term, payment method, vehicle condition, and credit worthiness/score. Loan terms are based on various factors including amount financed. Actual rates are disclosed to approved applicants in writing prior to loan consummation. Offered rates are subject to change without notice. Rate includes .50% reduction with automatic payments.
3 New: LTV up to 100% max (MSRP or High KBB including Tax, License and Warranty); Used: 100% Max LTV (High KBB)
Auto: If your vehicle model year is the current year or within the previous two years and the mileage does not exceed 30,000, we consider it new. If your vehicle model year is within the past nine years and the mileage does not exceed 125,000 miles, we consider it used. Talk to us about programs for older autos.
Motorcycle: If your motorcycle model year is the current year or within the previous two years and the mileage does not exceed 30,000, we consider it new. If your motorcycle model year is within the past seven years and the mileage does not exceed 125,000, we consider it used. Talk to us about programs for older motorcycles.
Loan payment examples:
New Auto/Motorcycle Loan: $17.77 per month per $1,000 borrowed at 2.54% APR for 60 months.
New RV/Personal Watercraft: $18.76 per month per $1,000 borrowed at 4.74% APR for 60 months.