Home Mortgage Rates

Rates accurate as of September 30, 2019

Secondary Market Loans - Fixed Rate

Type Rate APR** Points
15 Year Fixed 3.250% 3.363% No Points
30 Year Fixed 3.750% 3.838% No Points

In-House Loans ~ Underwritten & Serviced by C1st

Type Rate APR** Points
3/1 ARM* 3.875% 4.635% No Points
5/1 ARM* 4.000% 4.566% No Points
7/1 ARM* 4.125% 4.539% No Points
10/1 ARM* 4.250% 4.526% No Points
15 Year Fixed 3.750% 3.906% No Points
20 Year Fixed 4.125% 4.248% No Points


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. For a $100,000 in-house mortgage loan, with a term of 15 years and a 3.906% APR (interest rate of 3.750%), the monthly principal and interest payment would be $727.22. 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.

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