Real Estate Loans/ Home Equity Loans
New Dimensions FCU offers Conventional Mortgages with terms ranging from 10 to 30 years. So whether you are buying your first home, looking for that perfect retirement place or that seasonal property you’ve been dreaming of, we can help. We work hard for you every step of the way. We process Mobile Home, Construction, and Land loans too! Contact us for details!
The following rates have an effective date of February 1st, 2012
| REAL ESTATE AND MOBILE HOMES | |||||
|---|---|---|---|---|---|
| CONVENTIONAL MORTGAGE | CUSO Mortgage Servicing | Rate | A.P.R.* | Payment per $1000 | |
| 10 years | 3.99% | 4.13% | $10.13 | ||
| 15 years | 4.25% | 4.35% | $7.53 | ||
| 20 years | 4.50% | 4.57% | $6.33 | ||
| 25 years | 4.75% | 4.81% | $5.71 | ||
| 30 years | 4.75% | 4.80% | $5.22 | ||
| HELOC | Line of Credit | Variable-Prime Rate + 0. Adjusted Quarterly (45 days prior to quarter end). As of November 17th, 2011 | 3.25% | ||
| FIXED RATE EQUITY | 10 years | Fixed Rate | 5.75% | 5.77% | $10.99 |
| SIGNATURE EQUITY- HOME IMPROVEMENT LOAN | 10 years | Fixed Rate | 6.25% | 6.27% | $11.24 |
| CREDIT UNION CONSOLIDATION | 10 years | Credit Union Debt Only. Rate Equal to Average Rate of Outstanding Balances | |||
| MANUFACTURED HOME | 20 years | New: 90% LTV | 7.00% | 7.00% | $7.76 |
| MANUFACTURED HOME | 20 years | Used: 85% LTV | 8.00% | 8.00% | $8.37 |
| Manufactured Home rates are for homes in communities or rented lots | |||||
Home Equity Loans
We offer fixed rate home equity loans and variable rate home equity lines-of-credit so you can choose the product that best suits your lifestyle. When you choose New Dimensions for your home equity loan, you can count on us.
A perfect opportunity for every homeowner, a home equity loan is ideal for when you want to consolidate debt, borrow for home improvements or college, or even purchase that new car you've been looking at. Use your home's equity to gain access to cash and the interest may even be tax deductible!
ALL RATES SUBJECT TO CHANGE AT THE DISCRETION OF THE BOARD OF DIRECTORS
MEMBERSHIP ELIGIBILITY REQUIRED
HELOC The minimum payment will be 1.50% of the balance at the last advance or at least $50.00
*Annual Percentage Rate
SAFE Act Mortgage Loan Originators Under the Secure and Fair Enforcement for Mortgage Licensing Act (SAFE Act), residential mortgage loan originators employed by banks, savings associations, credit unions, or Farm Credit System institutions must register with the registry, obtain a unique identifier from the registry, and maintain their registrations. Any employee of an agency-regulated institution who is subject to the registration requirements will be prohibited from originating residential mortgage loans without first meeting these requirements. The rules include an exception for mortgage loan originators that originated five or fewer mortgage loans during the previous 12 months and who have never been registered; they would not be required to complete the federal registration process. The following employees are registered in compliance with the SAFE Act. Information regarding our registered employees may be obtained at the Nationwide Mortgage Licensing System and Registry at http://www.nmlsconsumeraccess.org/ after July 29, 2011. Kristen Azevedo #520207, Elisabeth Barrett #609069, Donna Farnham #609018, Susan Morse #608916, Ed Oliver #509650, Paula Pomerleau #609144, Ricky A. Berg #596460, Ryan Poulin #609155.
