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F&A FEDERAL CREDIT UNION
Real Estate Loan Rate Sheet
February 10, 2015
FIXED RATE HOME EQUITY LOANS.
FICO Score &
Minimum Maximum 7-Year Term
Maximum CLTV Amount Amount
Rate
APR
60% CLTV $25,000
760+
$350,000 2.750% 2.750%
760+
80% CLTV
$25,000
$350,000
760+
90% CLTV
$25,000
760+
95% CLTV
$25,000
720-759 60% CLTV
10-Year Term
Rate
APR
2.990% 2.990%
15-Year Term 20-Year Term
Rate
APR
Rate
APR
3.250% 3.250% 3.990% 3.990%
2.990% 2.990%
3.250% 3.250%
3.490% 3.490%
4.490% 4.490%
$350,000
3.990% 3.990%
4.250% 4.250%
4.490% 4.490%
5.490% 5.490%
$350,000
4.750% 4.750%
4.990% 4.990%
5.250% 5.250%
6.250% 6.250%
$25,000
$350,000
2.750% 2.750%
2.990% 2.990%
3.490% 3.490%
4.250% 4.250%
720-759 80% CLTV
$25,000
$350,000
3.250% 3.250%
3.490% 3.490%
3.750% 3.750%
4.750% 4.750%
720-759 90% CLTV
$25,000
$350,000
3.990% 3.990%
4.250% 4.250%
4.490% 4.490%
5.490% 5.490%
720-759 95% CLTV
$25,000
$350,000
4.750% 4.750%
4.990% 4.990%
5.250% 5.250%
6.250% 6.250%
680-719 60% CLTV
$25,000
$350,000
2.990% 2.990%
3.250% 3.250%
3.875% 3.875%
4.990% 4.990%
680-719 80% CLTV
$25,000
$350,000
3.490% 3.490%
3.750% 3.750%
4.250% 4.250%
5.490% 5.490%
680-719 90% CLTV
$25,000
$350,000
4.750% 4.750%
4.990% 4.990%
5.490% 5.490%
6.750% 6.750%
680-719 95% CLTV
$25,000
$350,000
5.490% 5.490%
5.750% 5.750%
6.250% 6.250%
7.490% 7.490%
620-679 55% CLTV
$25,000
$350,000
3.990% 3.990%
4.490% 4.490%
4.990% 4.990%
5.990% 5.990%
620-679 75% CLTV
$25,000
$350,000
4.750% 4.750%
5.250% 5.250%
5.990% 5.990%
6.990% 6.990%
620-679 90% CLTV
$25,000
$350,000
6.750% 6.750%
7.250% 7.250%
7.990% 7.990%
8.990% 8.990%
<620
50% CLTV
$25,000
$350,000
4.990% 4.990%
5.750% 5.750%
6.250% 6.250%
7.250% 7.250%
<620
70% CLTV
$25,000
$350,000
5.990% 5.990%
6.250% 6.250%
6.990% 6.990%
7.990% 7.990%
Rates as of the Effective Date above and are subject to change. Loan programs based on FICO credit score of the primary borrower. Owner-occupied California, Arizona,
Nevada, Oregon properties only. Additional CLTV restrictions apply to properties outside of California, 2 nd homes and 2-4 unit properties. Rates ½% higher for 2nd homes.
Maximum CLTV reduced by 5% for loans over $250,000. Upfront costs are waived or paid by the Credit Union. However, if you pay off your loan within the first three (3)
years, you will be required to pay a cost recovery fee of $500. Refinancing an F&A equity/Fireline (unless moving to repayment) loan for a lower rate requires a $50,000
additional advance or a $500 fee. All rates include a 0.50% reduction for automatic payment. Representative Example: Make 120 monthly payments of $248 each at 3.490%
APR based on $25,000. Other terms and conditions apply.
FIRELINE PRIME HOME EQUITY LINE-OF-CREDIT
Index
Prime
Index
Rate
3.250%
Automatic
Payment
Margin
-0.50%
$250,000
Prime
3.250%
75% CLTV $25,000
$250,000
Prime
620-679
70% CLTV $25,000
$250,000
<620
65% CLTV $25,000
$250,000
FICO Score &
Minimum Maximum
Maximum CLTV Amount Amount
760+
80% CLTV $25,000 $250,000
720-759
80% CLTV $25,000
680-719
APR
2.75%
Outside
Payment
Margin
+0.00%
APR
3.25%
+0.00%
3.25%
+1.00%
4.25%
3.250%
+1.00%
4.25%
+2.00%
5.25%
Prime
3.250%
+2.00%
5.25%
+3.00%
6.25%
Prime
3.250%
+4.00%
7.25%
+5.00%
8.25%
Rates as of the Effective Date above and are subject to change. Fireline loan programs are based on FICO credit score of the primary borrower. Owner-occupied California,
Arizona, Nevada, Oregon properties only. Additional CLTV restrictions apply to properties outside of California, 2 nd homes and 2-4 unit properties. The annual percentage
rate may vary. The maximum APR for Fireline Prime is 15.00%. Property insurance is required. Upfront costs are waived or paid by the Credit Union. However, if you pay
off your loan within the first three (3) years, you will be required to pay a cost recovery fee of $500. Refinancing an F&A equity/Fireline (unless moving to repayment) loan for a
lower rate requires a $50,000 additional advance or a $500 fee. 10-year draw period with interest only payment followed by 15-year no-draw amortization. Other terms and
conditions apply.
You can request to have your FICO credit score re-evaluated no more than once a year. If your FICO credit would qualify you for a lower margin in accordance with the
applicable matrix above, we will modify your margin accordingly subject to the execution of a modification agreement and payment of a $100 modification fee. To avoid the
modification fee you must reapply and increase your credit line by a minimum of $50,000. Not all borrowers will be eligible to increase their credit line by $50,000. Any
request for an increase is subject to all Credit Union terms and conditions, including any limitations on loan-to-value or subsequent lien holders.
www.fafcu.org
1.800.222.1226
F&A FEDERAL CREDIT UNION
Real Estate Loan Rate Sheet
February 10, 2015
Fixed Rate 1st Trust Deed Loans(1)
Loan Program
No Cost/
st
No Fee 1
Minimum Maximum 10-Year
Amount
Amount
Rate
Term
APR
15-Year
Rate
Term
APR
20-Year
Rate
Term
APR
30-Year
Rate
Term
APR
$250,000
$150,000
$417,000
$249,999
3.125% 3.125%
3.250% 3.250%
3.250% 3.250%
3.375% 3.375%
3.875%
4.000%
3.875%
4.000%
4.000%
4.125%
4.000%
4.125%
$25,000
$25,000
$25,000
$417,000 2.875% 3.185%
$417,000 2.750% 3.272%
$417,000 2.625% 3.3.61%
3.000% 3.214%
2.875% 3.235%
2.750% 3.256%
3.625%
3.500%
3.375%
3.797%
3.787%
3.777%
3.750%
3.625%
3.500%
3.874%
3.831%
3.789%
st
Standard 1
0 Point
1 Point
2 Points
(1)
On all 1st Trust Deed loan programs rates may require an upward adjustment, or additional fees may be charged, based on fees charged by Fannie Mae. APR based on
$200,000 loan amount. Representative Example: Make 360 monthly payments of $926.24 each month at 3.874% APR. Payment does not include amounts for taxes or insurance
premiums. The actual payment may be greater.
High Balance 1
0 Point
1 Point
2 Points
st
$417,001 $625,500*
$417,001 $625,500*
$417,001 $625,500*
N/A
N/A
N/A
N/A
N/A
N/A
3.000% 3.134%
2.875% 3.153%
2.625% 3.047%
N/A
N/A
N/A
N/A
N/A
N/A
3.875%
3.750%
3.625%
3.955%
3.912%
3.869%
High Balance 1st APR is based on $500,000 loan amount. Representative Example: Make 360 monthly payments of $2,351.19 each month at 3.955% APR. Payment does not
include amounts for taxes or insurance premiums. The actual payment may be greater. *Maximum loan amount varies by county from $417,000 to $625,500. The maximum loan
amount in Los Angeles & Orange Counties is $625,500; the maximum loan amount in Ventura County is $598,000; in Riverside & San Bernardino Counties the maximum loan
amount is $417,000. Contact the Credit Union for more information or for other counties.
DOWN PAYMENT MINIMIZER HOME LOAN™
FICO Score &
Maximum CLTV
760+
95% CLTV
720-759 95% CLTV
Minimum
Amount
$10,000
$10,000
Maximum 7-Year Term
Amount
Rate
APR
$99,000 3.990% 3.990%
$99,000 4.750% 4.750%
10-Year Term
Rate
APR
4.490% 4.490%
4.990% 4.990%
15-Year Term
Rate
APR
5.490% 5.490%
5.990% 5.990%
20-Year Term
Rate
APR
5.990% 5.990%
6.490% 6.490%
Rates as of the Effective Date above and are subject to change. Loan programs based on FICO credit score of the primary borrower. Owner-occupied, primary single-family
residence for California properties only. Maximum debt ratio allowable of 38% Upfront costs are waived or paid by the Credit Union. However, if you pay off your loan within
the first three (3) years, you will be required to pay a cost recovery fee of $500. 1st Trust Deed rate will be increased by 0.250% in conjunction with this loan. 1st Trust Deed
loan rates may require an additional upward adjustment, or additional fees may be charged, based on fees charged by Fannie Mae for condominiums, 2-4 unit homes or high
balance loans. All rates include a 0.50% reduction for automatic payment. Representative Example: Make 120 monthly payments of $266 each at 4.990% APR based on
$25,000. Other terms and conditions apply.
TO APPLY FOR A LOAN OR IF YOU HAVE ANY QUESTONS,
CONTACT THE REAL ESTATE DEPARTMENT AT 323-980-5993
www.fafcu.org
1.800.222.1226