TUCOEMAS Federal Credit Union

TFCU offers its members many types of real estate loans including: first and second mortgages and home equity lines of credit; for purchase or refinancing; fixed or variable rates; conforming (up to $227,150) and jumbo (up to $1,000,000); and fully-amortized loans.

The rates quoted here are indications only and are based on certain underwriting criteria, and all rates are subject to change without notice. Current rates for all loan types may be obtained by phoning a real estate loan officer at (559) 737-5780. Loan rates for FHA, VA, and CUSO Mortgage Corporation loan products may also be obtained.

Please call TFCU at (559) 732-8892.

Fixed Rate Loans - Term 15, 20, and 30 years

1st Trust Deeds - Owner Occupied Only 80% Loan to value (LTV) - Purchase/Refinance 75% Loan to value (LTV) - Cash Out/Refinance

2nd Trust Deeds - Owner Occupied Only 90% Loan to value (LTV)

Ask for a current rate quote, as the interest rate is subject to change daily.

Adjustable Rate Loans - Term up to 15 years

Variable Rate

Minimum Rate

Index

Rounded to 1/8%

Margin

Interest Rate

APR*

Term

Points

Cap

90%LTV

1st/2nd Trust Deeds Purchase Refinance Equity Home Improvement

4.500%

1.259%

1.250%

3.000%

4.500%

4.561%

15 years

NONE

10.500%

75%LTV

Non-Owner Occupied

4.500%

1.259%

1.250%

5.000%

6.250%

6.438%

12 years

NONE

12.250%

70%LTV

Bare Land

4.500%

1.259%

1.250%

5.000%

6.250%

6.372%

10 years

NONE

12.250%

APR, payment, and term may change after the account is opened due to variable-rate feature. Index is 11th District Cost of Funds; Maximum Rate Change 1% every 6 months. Lifetime cap is 6%; payments adjusted semi-annually if necessary. *APR = Annual Percentage Rate. Please inquire about closing costs.

Fixed Rate and Adjustable Rate Loans - Term up to 40 years

We have many different loan products with very competitive rates. PLEASE ASK! These loans are referred through the credit union to CUSO Mortgage.

Purchases up to 100% / Refinancing up to 95% / CALSTRS / CALPERS

1 - 4 family properties / Condos and PUDs / Second Trust Deeds / Jumbo Loans / Non-owner occupied properties ...and much more!

Ask a real estate loan officer for current rates. In most cases, 1 point origination fee is charged by CUSO Mortgage.

Variable Rate Equity Line of Credit Loans

No Annual Renewal Fees!

Variable Rate

Minimum Rate

Index

Margin

Interest Rate

Term

Points

Cap

90%LTV

5.000%

3.250%

1.250%

5.000%

20 yrs

NONE

18.000%

80%LTV

5.000%

3.250%

0.000%

5.000%

20 yrs

NONE

18.000%

The APR, payment, or term may change due to variable-rate feature. Owner Occupied only.

Maximum Line of Credit $100,000.00 Minimum Initial Advance $5,000.00 Minimum Subsequent Advances $500.00	Index from Wall Street Journal Prime Rate + Margin = APR* Changes in January, April, July and October *APR = Annual Percentage Rate. Please inquire about closing costs.

The above is a brief outline of the various types of real estate secured loans. Real estate loan officers are prepared to answer member questions. They will be glad to review the details of real estate loans.