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Mutual Security Credit Union offers a full range of mortgage programs, designed to help you reach your goal and maximize your real estate investment. Whether you are buying your first home, building a home, relocating, refinancing or tapping into your equity, MSCU has a loan tailored for you.
First Mortgages feature competitive rates, low closing costs, free pre-qualification and an Application Fee Rebate. You can choose a Fixed Rate or Adjustable Rate Mortgage, with more than 40 different programs available including stated income and interest only programs.
Home Equity Loans allow you to finance a vacation home or rental property, make some home improvements or start a business. Borrow up to $400,000 and choose a 5, 7, 10, 15 or 20 year repayment plan.
Bridge Loans make it possible for you to purchase a new home while your old home is under contract. Loans available to a maximum amount of $200,000.
A Home Equity Line of Credit is a flexible source of funds for major expenses now and in the future. You can pay for a college education, home improvements, debt consolidation, a new car or medical expenses with this affordable form of financing.
Reverse Mortgages are loans that allow senior homeowners age 62 or older to convert home equity into cash. There are no income qualifications and no monthly payments. |
 Payment Table per Thousand Borrowed |
| MORTGAGE RATES |
RATE |
APR |
| 30 year fixed |
| 0 points |
5.125 |
5.141 |
| 2 points |
4.750 |
4.945 |
| 20 year fixed |
| 0 points |
4.750 |
4.771 |
| 2 points |
4.375 |
4.633 |
| 15 year fixed |
| 0 points |
4.500 |
4.540 |
| 2 points |
4.250 |
4.585 |
Adjustable programs available at lower rates
- Rates are for purchase mortgages between $200,000 & $417,000. Similar rates available for higher or lower loan amounts, lower credit levels and refinances.
- Rates subject to change at anytime.
- APR assumes 20% equity and no PMI.
| HOME EQUITY RATES (Rates below effective 03/01/10) |
| |
| Home Loan |
Limit |
Term |
Rate |
| Home Equity Loan* |
$400,000* |
4 Yr. |
(F) 4.55% |
| Home Equity Loan* |
$400,000* |
5 Yr. |
(F) 5.00% |
| Home Equity Loan* |
$400,000* |
7 Yr. |
(F) 5.50% |
|
Posted APR is the rate for home equity loan amounts of $20,000 and over-
For home equity loan rates under $20,000 add an additional .25% to the posted rate |
| Home Equity Loan* |
$400,000* |
10 Yr. |
(F) 6.20% |
| Home Equity Loan* |
$400,000* |
15 Yr. |
(F) 6.35% |
| Home Equity Loan* |
$400,000* |
20 Yr. |
(F) 6.50% |
|
Posted APR is the rate for home equity loan amounts of $50,000 and over-
For home equity loan rates under $50,000 add an additional .25% to the posted rate |
| Home Equity Credit Line |
|
|
|
|
Over $50,000 |
$400,000* |
15 Yr. |
(V) 4.00% |
|
Between $25,000 - $49,999 |
$400,000* |
15 Yr. |
(V) 4.25% |
|
Below $25,000 |
$400,000* |
15 Yr. |
(V) 4.50% |
| Bridge (interim financing) |
$200,000* |
1Yr. |
(F)7.00% |
Note: Loan rates are based on credit scores. Home Equity Loan rates are based on loans above $50,000 and include a .25% discount for direct payment from a MSCU account. Discounts cannot be combined with other offers.
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