Home Loan Rates
| HOME LOANS | RATE | TERM |
|---|---|---|
| Construction Loan | 6.00% | 1 year |
| Home Improvement Loan | 5.99% | 1-5 years |
| Home Equity Line of Credit | 6.00% | 5-30 years |
| Index: Wall Street Journal Current Prime Rate : 4.00% |
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| Rates quoted "as low as" and subject to change according to your credit. | ||
Mortgages
We offer fixed rate mortgages for your new home or to refinance your existing home. With a fixed rate mortgage, your monthly payment is the same during the life of the loan. Want to have your home custom built, ask about our Construction Mortgage.
Contact Ashley Cousino at our South Burlington Office 802-864-6892 or ashley@greenmountaincu.com for more information or to pre-qualify for your mortgage loan.
Home Equity Lines of Credit
A Home Equity Line of Credit can be used for various purposes such as home improvement, to pay for college tuition, medical bills or debt consolidation to name a few. It can also be used for those unexpected expenses in the future once your line is established. The amount of the line is based on the equity in your home, less your first mortgage balance, subject to credit approval. As you make monthly payments, the credit line becomes available again for your use.
Home Improvement Loans
Sometimes you have a small project or home upgrade and you need a loan that is quick and easy. We have options that cover many of the small projects you are looking to make on your home.
Notice:
For mortgages and home equities members may be required to pay title examination fees which may range from $250-$500 and title insurance fees which may range from $1.65 to 2.75 per $1,000 borrowed. If appraisal required, member-paid fee may range from $500-$750. Other fees such as credit reporting and document preparation may also apply. Contact a loan officer for more information.
For Home Equities, all rates quoted are subject to change quarterly, the maximum interest rate is 18.00% and the minimum interest rate is 6.00%. The Index is the Wall Street Journal Prime Rate as posted 10 days before the close of the quarter. Maximum allowable loan to values may vary based on current market conditions. Up to 80% LTV based on current tax assessed value. Contact a loan officer for more information.
NCUA INSURED: Your savings is federally insured to at least $250,000 and backed by full faith and credit of the United States Government. National Credit Union Administration, a U.S. Government Agency.