Mortgage Rates

MHVFCU offers members many types of real estate loans including: first and second mortgages, home equity loans and lines of credit, and Equity Edge loans that accommodate members with good credit but low or no equity in their home; for purchase or refinancing; fixed and variable rates; conforming (up to $417,000) and jumbo (up to $1,000,000) loans; balloons and fully-amortized loans.

Please CLICK HERE for today's Current Rates


Home Equity Loans & Line of Credit

Type

Term

Rate**

Points

APR*

Notes

Fixed Rate Loans

Up to 5 Years

4.625%**

0

4.628%**

A typical fixed rate loan of $50,000 at 6.750% APR would have 180 monthly payments of $442.45 with total repayment of $79,641.00. You should consult a tax advisor regarding the deductibility of interest and any other charges.

Up to 10 Years

5.000%**

0

5.004%**

Up to 15 years

5.500%**

0

5.503%**

Up to 20 years

6.000%**

0

6.004%**

Line of Credit

5 or 10 Year Draw with 15 Years to Repay

Up to $175,000

2.99% for first
6 months,
then Prime-.25% ***

0

2.99% for first
6 months,
then Prime-.25% ***

Fixed Equities, Lines of Credit, and Edge Loans have no application fee or closing costs on lines up to $125,000.consult with a Mortgage Originator for more detials.You should consult a tax advisor regarding the deductibility of interest and any other charges.

5 or 10 Year Draw with 15 Years to Repay

$175,001 to $250,000

Prime+.75%***

0

Prime+.75% ***

5 or 10 Year Draw with 15 Years to Repay

$250,001 to $300,000

Prime+1.25%***

0

Prime+1.25%***

Equity Edge Loan
For borrowers with good credit and no/low equity in their home.

1-3 Years

6.875%**

0

6.878%**

A typical fixed rate loan of $15,000 at 6.875% APR would have 60 monthly payments of $296.13 with total repayment of $17,768.08. You should consult a tax advisor regarding the deductibility of interest and any other charges.

4-5 Years

6.875%**

0

6.878%**

6-10 Years

6.875%**

0

6.878%**


*Annual Percentage Rate

**Rates effective as of 2/1/2012. Rates are subject to change without prior notice and apply to 1 or 2 family, owner-occupied residences. Actual interest rates and APR’s may vary based on credit history and other loan characteristics. Receive a .25% reduction on your Fixed Equity Loan or Equity Edge Loan rate when you set up automatic payments from your MHV savings or checkiing account. Your rate may vary.

***Home Equity Line of Credit rates are variable. Actual interest rates and APR’s may vary based on credit history and other loan characteristics. Rates are indexed to the Prime Rate published in the Wall Street Journal the third Friday of February, May, August and November, 1) less .25% for lines less than $175,000, 2) plus .75% for lines of $175,001 to $250,000 and 3) plus 1.25% for lines of $250,001 to $300,000, and take effect the first day of the following quarter, subject to a maximum change of +/- 3% and a maximum APR of 15%. Prime Rate is 3.250% as of 12/24/08.

NMLS#: 411955


FHA Loans Please Call Us for Rates

VA mortgages are also available. Please call for current rates.



Apply for a Home Equity Loan or Line of Credit


Consumer Loan Rates

New/Used Automobiles
& Motorcycle Loans

Auto/Motorcycle Loan Payment Examples

 

New Vehicles

Used Vehicles

APR

Term in Months

Monthly Payment
per $1000 Borrowed

Up to 36 Months

As low as 1.49% APR*

As low as 2.99% APR*

1.49%

36

$28.41

2.99%

36

$29.06

37-60 Months

As low as 1.94% APR*

(37 to 48 months)

As low as 1.94% APR*

(49-60 months)

As low as 2.99% APR*

1.94%

60

$17.49

2.99%

60

$17.95

61-72 Months

As low as 2.49% APR*

As low as 3.50% APR*

2.49%

72

$14.95

3.50%

72

$15.40

84 Months

As low as 3.24% APR*

As low as 4.50% APR*

3.24%

84

$13.30

4.50%

84

$13.87


*APR = Annual Percentage Rate. Rates effective 12/1/2013. All rates as low as: Rates are based on credit ratings, term of loan and in some cases year of vehicle. Rates reflect a 1/4% discount for automatic payments on fixed rate loans. Your rate may vary. Rates are subject to change.


Secured Loans

Secured Loan Payment Examples

New/Used Boats, New/Used Recreational Vehicles and New/Used Motor Homes

APR

Term in Months

Monthly Payment
per $1000 Borrowed

Up to 36 Months

As low as 8.50%**

8.50%

36

$31.56

Up to 60 Months

As low as 9.00%**

9.00%

60

$20.76


** Rates effective 4/2/12. Rates are based on credit ratings and term of loan. Your rate may vary.Rates are subject to change. Additional terms availbale.


Energy Loan

Energy Loan Payment Example

Borrow up to $5,000 for a full season's fuel costs.

APR

Term in Months

Monthly Payment
per $1000 Borrowed

12 Months

5.50%

5.50%

12

$85.85


** Rate effective 4/1/09. Rates are subject to change.


Unsecured Loans

Unsecured Loan Payment Examples

APR

Term in Months

Monthly Payment
per $1000 Borrowed

Up to 36 Months

As low as 10.50%**

10.50%

36

$32.50

Up to 60 Months

As low as 11.25%**

11.25%

48

$25.96

 

 

11.25%

60

$21.87


**Rates effective as of 4/1/2014. Rates based on credit qualifications and term of your loan.Your rate may vary. Rates are subject to change.


Visa Credit Card Rates

Apply for a Consumer Loan


Savings Rates†

Type

Annual Percentage Yield (APY)†

Balance to Earn APY

Minimum to Open Account

Dividend Rate†

Savings Account

0.10%

$100

$5

0.09%

IRA Savings Account

0.10%

$100

$5

0.09%

Ultra Checking

0.05%

$1000

$1000

0.04%

0.10%

$25,000

$1000

0.09%

0.25%

$50,000

$1000

0.24%

Money Management Account

0.15%

$1,000

$1,000

0.14%

Premier Money Market

0.15%

$2,500

$2,500

0.14%

 

0.15%

$10,000

$2,500

0.14%

 

0.15%

$25,000

$2,500

0.14%

 

0.20%

$50,000

$2,500

0.19%

 

0.25%

$100,000

$2,500

0.24%

 

0.30%

$200,000

$2,500

0.29%

 

0.35%

$300,000

$2,500

0.34%

 

0.50%

$400,000

$2,500

0.49%

 

0.55%

$500,000

$2,500

0.54%

$25,000 Money Market*

0.30%

$25,000

$25,000

0.29%

$50,000 Money Market*

0.35%

$50,000

$50,000

0.34%

$100,000 Money Market*

0.40%

$100,000

$100,000

0.39%

$300,000 Money Market*

0.50%

$300,000

$300,000

0.49%


†Any Annual Percentage Yield (APY) provided in this disclosure assumes dividends will remain on deposit for at least one year. A withdrawal and/or fees will reduce earnings. Dividends are compounded and credited monthly. Fixed rates are in effect for 30 days from the effective date disclosed above. A 30 day advance notice will be provided for a change in rates on a fixed rate account. Rates for variable rate accounts are in effect through the end of each month. Rates are determined at the discretion of the Board of Directors of the Credit Union. The dividend rates and the APY's disclosed are prospective. Dividends are paid from current income and available earnings. These rates are accurate for accounts as of the date indicated above. Rates are determined monthly. You may contact the credit union at 845.336.4444 or 800.451.8373, extension 6000, for current rate information. See your account disclosures for additional information about your account. Rates effective 3/1/2014.


* Rates may vary. If balance falls below the minimum stated the current savings account APY will apply.. Fees could reduce earnings on this account. A low balance fee of $10 will be assessed if the average monthly balance is below the minimum required. Rates will be indexed to our Premier Money Market Account a the same levels, plus 15 basis points.


Certificates††

Type

Annual Percentage Yield (APY)†

Balance to Earn APY

Minimum to Open Account

Dividend Rate†

1 Month Certificate

0.20%

$500

$500

0.19%

3 Month Certificate

0.20%

$500

$500

0.19%

6 Month Certificate

0.30%

$500

$500

0.29%

9 Month Certificate

0.35%

$500

$500

0.34%

12 Month Certificate

0.50%

$500

$500

0.49%

18 Month Certificate

0.60%

$500

$500

0.59%

18 Month Adjustable Certificate - Variable

0.60%

$500

$500

0.60%

24 Month Certificate

0.75%

$500

$500

0.74%

30 Month Certificate

0.80%

$500

$500

0.79%

3 Year Certificate

1.05%

$500

$500

1.04%

4 Year Certificate

1.35%

$500

$500

1.34%

5 Year Certificate

1.55%

$500

$500

1.53%

6 Month Jumbo Certificate

0.40%

$100,000

$100,000

0.39%

12 Month Jumbo Certificate

0.60%

$100,000

$100,000

0.59%

12 Month VIP Certificate - Variable

0.75%

$25,000

$25,000

0.74%


IRA Certificates††

Type

Annual Percentage Yield (APY)†

Balance to Earn APY

Minimum to Open Account

Dividend Rate†

9 Month IRA Certificate

0.35%

$500

$500

0.34%

12 Month IRA Certificate - Variable

0.55%

$100

$100

0.54%

12 Month IRA Certificate

0.50%

$100

$100

0.49%

18 Month IRA Certificate - Variable

0.60%

$100

$100

0.59%

18 Month IRA Certificate

0.60%

$100

$100

0.59%

24 Month IRA Certificate

0.75%

$100

$100

0.74%

30 Month IRA Certificate

0.80%

$100

$100

0.79%

30 Month IRA Certificate - Variable

0.80%

$100

$100

0.79%

3 Year IRA Certificate

1.05%

$100

$100

1.04%

4 Year IRA Certificate

1.35%

$100

$100

1.34%

5 Year IRA Certificate

1.55%

$100

$100

1.54%

12 Month VIP IRA Certificate - Variable

0.75%

$25,000

$25,000

0.74%


††Any Annual Percentage Yield (APY) provided in this disclosure assumes dividends will remain on deposit until maturity or for at least one year for accounts with terms. A withdrawal will reduce earnings. A substantial penalty will be assessed for early withdrawal. Dividends are compounded daily and credited monthly. Fixed rates for accounts with specific maturities are in effect until maturity. Rates for variable rate accounts are in effect through the end of each month. Rates are determined at the discretion of the Board of Directors of the Credit Union. Dividends are paid from current income and available earnings. These rates are accurate for accounts as of the date indicated above. Rates are determined weekly for time accounts. You may contact the credit union at 845.336.4444 or 800.451.8373, extension 6000, for current rate information. See your account disclosures for additional information about your account. Rates effective 1/1/2014.



Business Ultra Checking††

Type

Annual Percentage Yield (APY)*

Balance to Earn APY

Minimum to Open Account

Dividend Rate*

Business Ultra Checking

0.05%

$0

$0

0.043%

 

0.15%

$50,000

$0

0.149%

 

0.30%

$100,000

$0

0.299%

 

0.55%

$200,000 +

$0

0.548%


†Any Annual Percentage Yield (APY) provided in this disclosure assumes dividends will remain on deposit for at least one year. A withdrawal and/or fees will reduce earnings. Dividends are compounded and credited monthly. Fixed rates are in effect for 30 days from the effective date disclosed above. A 30 day advance notice will be provided for a change in rates on a fixed rate account. Rates for variable rate accounts are in effect through the end of each month. Rates are determined at the discretion of the Board of Directors of the Credit Union. The dividend rates and the APY's disclosed are prospective. Dividends are paid from current income and available earnings. These rates are accurate for accounts as of the date indicated above. Rates are determined monthly. You may contact the credit union at 845.336.4444 or 800.451.8373, extension 6000, for current rate information. See your account disclosures for additional information about your account. Rates effective 7/1/2012.


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