Big purchases and big decisions can be stressful
We make it easier at WCCU. Our experts will explain everything, answer all your questions and match you to the loan that fits your needs.
MORTGAGE RATES
Fixed Rate Mortgages
(Loan amounts up to $726,200)
| Term | Interest Rate | APR* | Monthly Payments per $1000 Borrowed |
|---|---|---|---|
| 15 years | 7.125% | 7.254% | $9.14 |
| 20 years | 7.125% | 7.229% | $7.90 |
| 30 years | 6.75% | 6.828% | $6.54 |
Adjustable Rate Mortgages
| Program | Term | Interest Rate | APR* | Monthly Payments per $1000 borrowed |
|---|---|---|---|---|
| 5/1 Mortgage** | 30 years | 6.375% | 7.501% | $7.00 |
| 7/1 Mortgage*** | 30 years | 6.75% | 7.505% | $7.00 |
| 10/1 Mortgage**** | 30 years | 6.99% | 7.460% | $6.97 |
*Interest Rate, Annual Percentage Rate (APR), and discount points are effective as of and subject to change without notice. APR is based on 40% equity and a credit score of 720 or greater. Loan amounts up to $726,200. Your APR will vary based on your final loan amount and finance charges. All Mortgage rates listed are based on 0 discount points. The monthly amount shown includes principal and interest. Your actual monthly payment will be higher if an escrow/impound account is established. Property insurance (and flood insurance if applicable) required. **After the initial term (5 years, 7 years, or 10 years) the APR, interest rate, principal, and interest payment will adjust based on market-driven changes to the U.S. 1 Year Treasury Constant Maturity Rate – the “index” plus 2.75% - the “margin.” The maximum increase per adjustment period is 2% with a lifetime cap of 6%. Other restrictions may apply. WCCU NMLS ID # 518892.
First Time Homebuyer Programs
Inquire within or Contact us for terms and rates
Refi Home Loan
| Program | Term | APR* | Monthly Payments per $1000 borrowed |
|---|---|---|---|
| 8 Year Refi Home Loan | 8 years | 5.625% | $12.97 |
| 12 Year Refi Home Loan | 12 years | 6.00% | $9.77 |
| 17 Year Refi Home Loan | 17 years | 6.50% | $8.12 |
*Annual Percentage Rate (APR) is effective as of and subject to change without notice. Rates shown require an “A” credit score of 720 or above. Rate also reflects a 0.75% point interest rate reduction for automatic loan payments deducted from a WCCU Checking Account which must be scheduled at the time of loan closing. If the above requirements are not met, discount will not apply, and 0.75% will be added to the rate. Owner occupied only. Minimum loan amount is $10,000. Maximum loan amount is $350,000. Not available for New Purchases. Other rates and terms available. Maximum loan-to-value 80%. Other restrictions may apply. Flood insurance may be required. Property insurance is required. Requires First Lien Position. A termination fee not to exceed the lesser of $500 or 2% of the loan amount will apply for loans terminated within two years of origination date. Recording, trust review, and advisory fees apply where applicable. Consult a tax advisor regarding the deductibility of interest. Monthly payments do not include insurance and taxes. WCCU NMLS ID # 518892.
Westerly Community Credit Union is a full-service credit union with Rhode Island branches in Westerly, Richmond, Wakefield, and Coventry.
Mortgage Pre-Approval
