Conforming and Jumbo Mortgages

In most of the country, a loan is considered jumbo if it exceeds $510,400.

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“Conforming” loan amounts are less than or equal to $510,400. “Jumbo” loan amounts are greater than $510,400.

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.

Rate Assumptions

Annual Percentage Rates (APR) are calculated based on a loan amount of below or at $510,400 for conforming loans, over $510,400 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 7/1, 5/1, and 3/1 ARM programs the interest rate is fixed for the initial 7, 5, or 3 years. After the initial fixed period, the rate will adjust annually for the remaining term. For the 5/5 ARM program the interest rate is fixed for the initial 5 years and will adjust every 5 years 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.

Home Equity

Home Equity Loan (Fixed Rate)

Rate Effective Date : Oct 22, 2020
Loan-To-Value Rate % Points APR %1 Est. Payment per $1000
15 Year Fixed Rate 4.125% 0 4.238% $7.46

Interest Only Home Equity Line of Credit (Variable Rate)

Rate Effective Date : Oct 22, 2020
Loan-To-Value Loan Amounts up to2 Index APR as low as3
80% $500,000 Prime Rate 4.000%


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 CFCU refinance.

 Property insurance is required. Flood insurance may be required. Rates, APR, terms and conditions are subject to change without notice.

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