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Mortgage Rates

Rates accurate as of March 27, 2023.

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 6.250% 6.384% No Points $6.16

In-House Loans (Underwritten & Serviced by C1st)

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

3/1 ARM*



No Points

5/1 ARM* 5.750% 6.914% No Points $5.84
7/1 ARM* 5.875% 6.773% No Points $5.92
10/1 ARM* 6.000% 6.623% No Points $6.00
15 Year Fixed 5.875% 6.067% No Points $8.37
20 Year Fixed 6.000% 6.153% No Points $7.16

Home Equity Line of Credit

Type Amount Financed Annual Percentage Rate
6-Month Intro Rate is 1.00% APR*
HELOC (Variable-Rate) As Low As 8.00% APR*
HELOC Flex (Fixed-Rate) As Low As 6.74% APR*

*APR: Annual Percentage Rate. Introductory rate offer is effective as of 3/24/2023 and subject to change at any time. Offer is available for new home equity lines of credit (HELOC) for owner-occupied, single-family residential properties. (Current loans must be from another financial institution to refinance.) After the initial 6 months, the APR will become variable. Currently the fully indexed rate after introductory period is 8.00% APR (WSJP + 0%) and is based on a minimum credit score of 740 and up to 90% Loan to Value (LTV). Other rates and terms apply based on the credit score and LTV. Maximum APR is 18%. The monthly payment will be 1.00% of the principal balance of the loan (applied to principal and interest, $100 minimum payment). The member has the option of choosing up to 2 fixed-rate lock requests at our disclosed rate for a period of 5, 10 or 15 years. Closing costs range from $0 (for new HELOC with $10,000 minimum initial advance) up to $720 (for existing HELOC or those with less than $10,000 initial advance) plus appraisal fees which may range from $495 to $650. This special offer requires a minimum draw of $500. Limited-time offer. Property insurance required. Subject to credit approval and qualifications. Consult a tax advisor regarding the deductibility of interest.

Home Equity Loan (Fixed-Rate)

Type Annual Percentage Rate
Closed-End, Fixed-rate As Low As 6.49% APR*

*ANNUAL PERCENTAGE RATE.   6.49% APR available on Loan to Value (LTV) of 90% or less and a 5 year term.  Higher rates apply for a higher LTV and longer terms. Loan amount of $15,000 at a rate of 6.49% APR for 60 months would have a monthly payment of $294.  See a C1st Lender for further details.  Some restrictions may apply.  Higher rates may apply for longer term options. Current loans must be from another financial institution to refinance.   Consult a tax advisor regarding the deductibility of interest.  Terms/qualifications.   Effective as of 3/24/2023. Limited time only.   Rates subject to change at any time.

Land/Lot Loans

Type Annual Percentage Rate
Up to 20 Acres, Maximum Term of 15 Years As Low As 5.875% APR*

Maximum of 80% Loan-to-Value (LTV). 15 year maximum term. Up to 20 acres. 1st lien position only. Additional closing costs may apply. Loan interest rate and approval subject to qualified credit, account balance and product usage with Community 1st Credit Union.  Payment example: 5.875% APR for 15 years, and a loan amount of $50,000 - the monthly principal and interest payment would be $418.56. Please contact your Loan Officer for further details. *ANNUAL PERCENTAGE RATE. Terms and qualifications apply. Advertised rates are subject to change at any time.

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.