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Mortgage

Mortgage Rates

Mortgage Rates

Fixed-Rate Mortgage Loan

Rates Effective: 12/06/2024

Term Interest
Rate		 Annual Percentage Rate
(APR)		 Points Payments per
$1,000 Borrowed		 Payment
Calculator
30 Yr Fixed Rate (1)

6.500%
6.125%
5.875%

6.625%
6.344%
6.188%

0
1
2

$6.32
$6.08
$5.92

 Calculate Payment
20 Yr Fixed Rate (1)

6.125%
5.875%
5.625%

6.288%
6.162%
6.037%

0
1
2

$7.24
$7.09
$6.95

 Calculate Payment
15 Yr Fixed Rate (1)

5.875%
5.500%
5.125%

6.077%
5.858%
5.638%

0
1
2

$8.37
$8.17
$7.97

 Calculate Payment
10 Yr Fixed Rate (1) 5.875% 6.161% 0 $11.04 Calculate Payment

 (1) All Annual Percentage Rates (APRs) listed above assume a $100,000 mortgage, 20% down payment. If applicable, Taxes and Insurance will increase Payments. Rates may vary based upon your credit profile, property type, or loan to value (LTV) percentage. Private Mortgage Insurance (PMI) required if the down payment is less than 20%. Homeowners insurance and flood insurance (if applicable) are required. Maximum Loan Amount is $548,250.


TRIM: The Rate Improver Mortgage

Rates Effective: 12/06/2024

Term Interest Rate Annual Percentage Rate (APR) Points Payments per $1,000
30 Year Fixed Rate (1) 6.375% 6.499% 0 $6.24
(1) All Annual Percentage Rates (APRs) listed above assume a $100,000 mortgage, 20% down payment if applicable.  Taxes and Insurance will increase Payments.  Rates may vary based upon your credit profile, property type, or loan to value (LTV) percentage.  Private Mortgage Insurance (PMI) required if the down payment is less than 20%.  Homeowners insurance and flood insurance (if applicable) are required.  Maximum Loan Amount is $800,000.  Property type is limited to primary residence only, single-family and warrantable condominium homes.


Jumbo Fixed-Rate Mortgage Loan (Max $1,000,000)

Rates Effective: 12/06/2024

Term Interest Rate Annual Percentage Rate (APR) Points Payments per $1,000
Jumbo 30 Year Fixed Rate Loan (1) 6.625% 6.649% 0 $6.40
Jumbo 15 Year Fixed Rate Loan (1) 6.000% 6.040% 0 $7.16
(1) Loan rates are for a first lien position on single-family owner-occupied properties with a 75% Loan-to-Value (LTV), minimum credit score of 680, and maximum loan amount of $1,000,000. Payments do not include amounts for taxes and insurance and actual payment obligation will be greater. Rates are not guaranteed until lock-in and subject to change without notice.


ARM (Adjustable-Rate Mortgage) Loan

Rates Effective: 12/06/2024

ARP Program Interest Rate Annual Percentage Rate (APR) Points Minimum Down Payment Payments per $1,000 Borrowed
5/1 ARM(1)(2) 5.500% 6.512% 0 5% $5.68
7/1 ARM(1)(2) 5.750% 6.447% 0 5% $5.84
10/1 ARM(1)(2) 6.000% 6.413% 0 5% $6.00
(1)  Payments do not include amounts for taxes and insurance and actual payment obligation will be greater. 
(2)  The APR may increase after consummation.
Annual percentage rates (APRs) on all adjustable rate products may change after consummation of the loan, and may increase.   


80% Loan-To-Value Fixed-Rate Home Equity Loan

Rates Effective: 12/06/2024

Product Name Term Annual Percentage Rate (APR) Loan to Value Payments per $1,000 Borrowed
10 Yr Fixed Rate 10 yrs 6.750% 80% $11.48
15 Yr Fixed Rate 15 yrs 6.875% 80% $8.92
20 Yr Fixed Rate 20 yrs 7.125% 80% $7.83
Rates are subject to change without notice.
  1. Minimum loan amount is $25,000.00. Maximum loan amount is $500,000.00. 
  2. Not available for home purchases. 
  3. Property must be a one-to-four family home and owner occupied. 
  4. Property insurance is required and flood insurance may be required. 
  5. Approvals are subject to final property valuation and title search acceptable to Holyoke Credit Union.
  6. Your actual rate may be different than the advertised rate based upon your credit score.
  7. Payments do not include amounts for taxes and insurance and your actual payment may be greater.


100% Loan-To-Value Fixed-Rate Home Equity Loan

Rates Effective: 12/06/2024

Title Term Annual Percentage Rate (APR) Loan to Value Payment per $1,000 Borrowed
10 Yr Fixed Rate 10 yrs 9.990% 100% $13.21
15 Yr Fixed Rate 15 yrs 10.125% 100% $10.82
20 Yr Fixed Rate 20 yrs 10.115% 100% $9.73
Rates are subject to change without notice. 
  1. Minimum loan amount is $25,000.00. Maximum loan amount is $250,000.00Not available for home purchases.
  2. Not available for home purchases.
  3. Property must be 1-2 family only.
  4. Property insurance is required and flood insurance may be required.
  5. Approvals are subject to final property valuation and title search acceptable to Holyoke Credit Union.
  6. Your actual rate may be different than the advertised rate based upon your credit score.
  7. Payments do not include amounts for taxes and insurance and your actual payment may be greater.


Home Equity Line of Credit

Rates Effective: 12/06/2024

Program Name Annual Percentage Rate (APR) Comments
Better than Prime 7.250%3 This plan has a variable rate feature. The APR is based on the value of an index. The index is the Prime Rate published in the Money Rates column of the Wall Street Journal.
Basic

Intro rate for
12-months
3.490% APR
__________

Then variable/currently3
7.750% APR

 This plan has a variable rate feature. The APR is based on the value of an index. The index is the Prime Rate published in the Money Rates column of the Wall Street Journal. The initial annual percentage rate is “discounted”. It is not based on the index used for later rate adjustments. The initial rate will be in effect for 12 months.
Rates on a Home Equity Line of Credit may change after the consummation of the loan and may increase. Rates are subject to change without notice.
  1. The annual percentage rate can change on the first day of each month.
  2. The Home Equity Line of Credit has a 10-year draw period and a 15-year repayment period.
  3. Minimum APR is 3.490%, Maximum APR is 18.00%.
  4. Property must be a one-to-four family and owner occupied. 
  5. Property insurance is required and flood insurance may be required.
  6. Approvals are subject to final property valuation and title search acceptable to Holyoke Credit Union.
  7. Your actual rate may be different than the advertised rate based upon your credit score.
  8. Minimum loan amount is $10,000.00 if HCU holds the first mortgage and $25,000 if the first mortgage is held by another financial institution.

100% Basic Home Equity Line of Credit

Rates Effective: 12/06/2024

Program Name Annual Percentage Rate (APR) Loan to Value Comments
100% Basic

Intro rate for
12-months
9.490% APR
__________

Then variable/currently3
9.750% APR

 100%

This plan has a variable rate feature. The APR is based on the value of an index. The index is the Prime Rate published in the Money Rates column of the Wall Street Journal plus 2.00%. The rate is fixed for 12 months.

Rates on a Home Equity Line of Credit may change after the consummation of the loan and may increase. Rates are subject to change without notice.
  1. The annual percentage rate can change on the first day of each month.
  2. The Home Equity Line of Credit has a 10-year draw period and a 10-year repayment period.
  3. Minimum APR is 5.99%, Maximum APR is 18.00%.
  4. Property must be a single family and owner occupied, a condominium or a duplex.
  5. Property insurance is required and flood insurance may be required.
  6. Approvals are subject to final property valuation and title search acceptable to Holyoke Credit Union.
  7. Your actual rate may be different than the advertised rate based upon your credit score.
  8. Minimum loan amount is $10,000.00 if HCU holds the first mortgage and $25,000 if the first mortgage is held by another financial institution.

Meet our Mortgage Specialists