Section Menu

Mortgage Rates

Rates accurate as of May 23, 2022.

Are you looking forward to purchasing your first family home? Get a clear picture of how much it would cost by looking at our home mortgage loan rates below. For additional information, schedule an appointment with a loan officer.

Secondary Market Loans - Fixed Rate

Type Rate APR** Points Payment Per $1,000

15 Year Fixed



No Points

30 Year Fixed 5.000% 5.109% No Points $5.37

In-House Loans (Underwritten & Serviced by C1st)

Type Rate APR** Points Payment Per $1,000

3/1 ARM*



No Points

5/1 ARM* 4.000% 4.567% No Points $4.77
7/1 ARM* 4.125% 4.540% No Points $4.85
10/1 ARM* 4.250% 4.527% No Points $4.92
15 Year Fixed 4.000% 4.159% No Points $7.40
20 Year Fixed 4.250% 4.375% No Points $6.19

Loan Information:
Financing Type – Conventional
Amount - $100,000
Purchase Price - $125,000
State – Iowa
County – Wapello
City – Ottumwa
Escrow/Impounds – Yes
Loan Purpose – Purchase
Property Use – Primary Residence
Property Type – Existing single family home
Lock Period – 60 Day

Important Notices:
*ARM: Adjustable Rate Mortgage. Available for a 30-year amortization, fixed for the first 3, 5, 7 or 10 years then may adjust annually, up or down, for the remainder of the loan term (up to maximum changes of 2% per year, or 5% over the life of the loan), which may cause monthly payments to vary. ARM rate floor of 4.00%. If the original rate is lower than 4.00% then the original rate is the floor. 
**APR: Annual Percentage Rate. Actual APR may be higher, based on loan amount, credit eligibility and credit union lending policies.  These terms and rates are for owner-occupied, primary residence mortgage loans only with 20% down. Rate based on loans for $100,000, with a purchase price of $125,000 and a 60-day lock period. May be additional third-party fees.
 Payment does not include taxes and insurance. Ask your Mortgage Originator for further details. Current mortgage loan must be from another financial institution to refinance. Construction Loan rate is 1.25% over the qualifying 15 year fixed rate. Loan rates are subject to change without notice. Terms and qualifications apply.

Secondary Market Loans are not serviced or managed by Community 1st Credit Union after the loan origination process is completed.