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Mortgage Loans

Rates last updated on 05/07/2021

Here are loan programs we offer. These programs are unique to Central Minnesota Credit Union. To learn more about these program and many others, please call us at (888) 330-8482.

Program Name Rate Annual Percentage Rate (APR)
15 Year Fixed Purchase (Conforming) 2.250% 2.349%
30 Year Fixed Purchase (Conforming) 3.000% 3.057%
15 Year Fixed Refinance (Conforming) 2.500% 2.600%
30 Year Fixed Refinance (Conforming) 3.250% 3.309%
30 Year Fixed (FHA) 2.750% 3.976%
30 Year Fixed (VA) 2.750% 3.022%
     
 
Rates are subject to change without notice.

 

15 Year Fixed Rate Purchase (Conforming)

 
Interest Rate 2.250%
APR 2.349%
 Loan Amount $200,000
Down Payment 20%
Monthly Principal & Interest Payment
(excluding taxes and insurance)
$1,310.17
*Rates and Information based off Middle Credit Score of 740, Purchase Transaction, Primary Residence, Detached and 1 Unit Property.

30 Year Fixed Rate Purchase (Conforming)

 
Interest Rate 3.000%
APR 3.057%
 Loan Amount $200,000
Down Payment 20%
Monthly Principal & Interest Payment
(excluding taxes and insurance)
$843.21
   
   
   
   
*Rates and Information based off Middle Credit Score of 740, Purchase Transaction, Primary Residence, Detached and 1 Unit Property.

15 Year Fixed Rate Refinance (Conforming)

 
Interest Rate 2.500%
APR 2.600%
Loan Amount $200,000
Property Value $250,000
LTV 80%
Monthly Principal & Interest Payment
(excluding taxes and insurance)
$1,333.58
*Rates and Information based off Middle Credit Score of 740, No Cash-Out Refinance Transaction, Primary Residence, Detached and 1 Unit Property.

30 Year Fixed Rate Refinance (Conforming)

 
Interest Rate 3.250%
APR 3.309%
Loan Amount $200,000
Property Value $250,000
LTV 80%
Monthly Principal & Interest Payment
(excluding taxes and insurance)
$870.41
*Rates and information based off Middle Credit Score of 740, No Cash-Out Refinance Transaction, Primary Residence, Detached, and 1 Unit Property.

30 Year Fixed Rate FHA

 
Interest Rate 2.750%
APR 3.976%
 Loan Amount $144,750
Down Payment 3.5%
Term 30 Years
Monthly Principal & Interest Payment
(excluding taxes and insurance)
$601.27
*Rates and Information based off Middle Credit Score of 700, Purchase Transaction, Primary Residence, Detached and 1 Unit Property.

30 Year Fixed Rate VA

 
Interest Rate 2.750%
APR 3.022%
 Loan Amount $150,000
Down Payment 0%
Term 30 Years
Monthly Principal & Interest Payment
(excluding taxes and insurance)
$632.57
*Borrower must be eligible for VA Loans.
*Rates and Information based off Middle Credit Score of 740, Purchase Transaction, Primary Residence, Detached and 1 Unit Property.
 
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