Loan Plans and Rates

You can compare various loan plans and interest rates below. Deselect any of the options in the box below to hide those plans. Once you have decided on a plan/rate, click on the main tab and select start application to start the process.

Loan Term
Loan Type
Amortization Type
Residence Type
15 Year Fixed
Term In Months: 180 Loan Type: CNV Amortization Type: Fixed Rate
Interest Rate Discount Points Origination Fee Lock-In Term APR
3.375% 0.000% 0.000% 30 3.447%
20 Year Fixed
Term In Months: 240 Loan Type: CNV Amortization Type: Fixed Rate
Interest Rate Discount Points Origination Fee Lock-In Term APR
3.875% 0.000% 0.000% 30 3.966%
30 Year Fixed
Term In Months: 360 Loan Type: CNV Amortization Type: Fixed Rate
Interest Rate Discount Points Origination Fee Lock-In Term APR
4.125% 0.000% 0.000% 30 4.200%
5/1 ARM
Term In Months: 360 Loan Type: CNV Amortization Type: Adjustable Rate
Interest Rate Discount Points Origination Fee Lock-In Term APR
2.950% 0.000% 0.000% 30 3.034%
7/1 ARM
Term In Months: 360 Loan Type: CNV Amortization Type: Adjustable Rate
Interest Rate Discount Points Origination Fee Lock-In Term APR
3.250% 0.000% 0.000% 30 3.330%
10/1 ARM
Term In Months: 360 Loan Type: CNV Amortization Type: Adjustable Rate
Interest Rate Discount Points Origination Fee Lock-In Term APR
3.500% 0.000% 0.000% 30 3.580%
Neighbors No Money Down Mortgage, 15 Year Fixed
Description: Neighbors No Money Down Mortgage, 15 Year Fixed
Term In Months: 180 Loan Type: CNV Amortization Type: Fixed Rate
Interest Rate Discount Points Origination Fee Lock-In Term APR
4.250% 0.000% 0.000% --- 4.374%
Neighbors No Money Down Mortgage, 30 Year Fixed
Description: Neighbors No Money Down Mortgage - 30 Year Fixed
Term In Months: 360 Loan Type: CNV Amortization Type: Fixed Rate
Interest Rate Discount Points Origination Fee Lock-In Term APR
4.750% 0.000% 0.000% 30 4.820%
Neighbors No Money Down Mortgage, 5/1 Arm
Description: Neighbors No Money Down Mortgage, 5/1 Arm
Term In Months: 360 Loan Type: CNV Amortization Type: Adjustable Rate
Interest Rate Discount Points Origination Fee Lock-In Term APR
3.750% 0.000% 0.000% 30 3.786%

1Rates are fixed or variable, based on your final loan amount and finance charges. The actual interest rate and fees available to you will be based on your credit history, property type, loan to value, and may be different than the rates displayed here. Please contact a loan officer for current rates and fees. Rates are subject to change without notice. Additional rates and terms may be available. Mortgages available in Missouri and Illinois only. Available only on owner-occupied, one unit, single family primary residences. Membership eligibility required. Restrictions apply. Please call 314-892-5400, ext. 11095, for details on all products. Fixed Mortgages: Minimum down payment of 5% (or 3% for EZ-3 Mortgage) required. For example, a $125,000 purchase price with $3,750 (3%) down payment and $121,250 financed at 4.00% fixed interest rate would result in a monthly payment of $734.75 for 240 months. Sample payment only includes principle and interest. Adjustable-Rate Mortgages: Minimum down payment of 5% (or 3% for EZ-3 Mortgage) required. Variable-rate loans have the possibility for the interest rate and payment to increase or decrease. For example, the 5/1 ARM is an adjustable-rate mortgage amortized over a thirty (30) year period. For the first five (5) years the loan is fixed. Following the initial fifth (5th) year of the loan, the interest rate may adjust by two percent (2%) every one (1) year thereafter with a lifetime cap of no more than six percent (6%) over the initial note rate.  Minimum loan amount of $50,000 required.

 

2100% financing loan program is based on a maximum total combined loan amount of $400,000 and a minimum total combined loan amount of $100,000.  The program is based on a 95% first mortgage and 5% second mortgage.  The first and second mortgages may be Fixed or Adjustable Rate Mortgages. Minimum 720 FICO score required. Owner-occupied one unit single family residence only. Single-wide manufactured housing does not qualify.  Mortgage insurance required.  Escrow account for insurance and taxes required.  Member must have $1,000 of their own funds towards transaction for closing costs or down payment. Loan origination and other fees may apply. For example, for a Fixed Mortgage with a purchase price of $125,000.00, if the $1,000.00 is used as a down payment and $124,000.00 is financed at 4.50% fixed interest rate, the monthly payment would be $628.29 for 360 months. Sample payments only include interest and principal. For Adjustable Rate Mortgages with a 0% down payment, the loan has a variable rate with the possibility for the interest rate and payment to increase or decrease as set forth in the example above. Member must have direct deposit into Neighbors Credit Union Checking or Savings Account before closing.  Subject to appraisal and underwriting terms and conditions.  Other restrictions may apply.  Mortgages available in Missouri or Illinois only. Contact credit union for full details.

 

The interest rates used in the foregoing examples are based on current market rates, are for purposes of example only and are not meant to be relied upon. This is not a credit decision or a commitment to lend. Depending on loan guidelines, mortgage insurance may be required. If mortgage insurance is required, the mortgage insurance premium could increase the annual percentage rate (“APR”) and the monthly mortgage payment. APR reflects the effective cost of your loan on a yearly basis, taking into account such items as interest, most closing costs, mortgage insurance, discount points (also referred to as “points”) and loan-origination fees.

Neighbors Credit Union: NMLS #509288

 

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