US Federal Credit Union, based out of St. Paul, Minnesota currently has some fairly noteworthy mortgage rates as well as a “free-in-10″ mortgage promotion which is only available for a limited time.
Thanks to BankVibe.com reader Ian for bringing these products to our attention!
Quick history lesson on US Federal Credit Union:
Established in 1925, US Federal Credit Union is Minnesota’s oldest financial cooperative. Among their founders is credit union pioneer Thomas W. Doig, who helped establish over 1,000 credit unions during his lifetime.
Today, they claim to be one of the largest and most respected credit unions in the nation and have a long history of meeting member needs while earning exceptional ratings for financial stability and safety.
Current Mortgage Rates offered through US Federal Credit Union:
* Keep in mind the rates listed below are time sensitive in nature. Please refer to the date of this article for accuracy. Home loan, refinance and mortgage products available in Minnesota, Georgia, Wisconsin, Tennessee, Florida, Mississippi, and Arizona only.
- Fixed rate home equity loan up to 5 years and max LTV up to 70% comes with an APR as low as 5.94%.
- Fixed rate home equity loan up to 10 years and max LTV up to 70% comes with an APR as low as 6.09%.
- Fixed rate home equity loan up to 15 years and max LTV up to 70% comes with an APR as low as 7.04%.
- Home equity Line of Credit (HELOC) up to 70% LTV comes with an APR as low as 4.50%.
- Home equity Line of Credit (HELOC) up to 80% LTV comes with an APR as low as 4.50%.
- Home equity Line of Credit (HELOC) above 80% LTV comes with an APR as low as 4.50%.
US FCU’s Free in 10 Mortgage Rate Promotion:
- Fixed rates as low as 4.213% APR and total closing costs of just $999.
Terms and Conditions:
Free-in-10 Mortgage offer for mortgage refinances are only available in specific states and don’t include taxes or insurance, so your actual payments will likely be more than what is quoted above.
Also keep in mind, their closing cost offer does not include the cost of appraisal if one is required.
Related: See how much you should be paying in closing costs.