MORTGAGE RATES
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Mortgage Rates
Here are loan programs we offer. Many of these programs are unique to Freedom Credit Union. To learn more about these programs and many others, call us at (215) 612-5900.
Program Name
30 Year Fixed (Conforming)
20 Year Fixed (Conforming)
15 Year Fixed (Conforming)
10 Year Fixed (Conforming)
5/1 ARM (Conforming)
7/1 ARM (Conforming)
10/1 ARM (Conforming)
30 Year Fixed (Jumbo)
20 Year Fixed (Jumbo)
15 Year Fixed (Jumbo)
Rate Points APR Payment
6.750% 0.00% 6.793% * $1,621.50
6.500% 0.00% 6.556% * $1,863.93
6.125% 0.00% 6.194% * $2,126.56
6.000% 0.00% 6.097% * $2,775.51
6.250% 0.00% 6.292% ** $1,539.29
6.375% 0.00% 6.417% ** $1,559.67
6.500% 0.00% 6.542% ** $1,580.17
7.125% 0.00% 7.140% * $5,164.39
6.875% 0.00% 6.894% * $5,885.68
6.500% 0.00% 6.523% * $6,677.47
Rates, terms, and loan programs offered are subject to change without notice.
Rates effective as of 11/19/2024
* Fixed Rate Mortgages:
APR denotes Annual Percentage Rate. The APR reflects the total cost of the loan and takes into consideration, not only interest, but other charges or fees.
Rates are based on several factors including but not limited to property type, loan to value (LTV), loan purpose, occupancy, credit score and subordinate financing. Rates apply up to Fannie Mae conforming mortgage loan limits. Sample payments shown are based upon a loan amount of $250,000 (Jumbo loan based on a loan amount of $766,550) and equal monthly payments over the term of the loan. For example, a 30-year mortgage of $250,000 with a fixed rate of 6.750% would have 360 monthly principal and interest installment payments of $1,621.50. The sample payments listed do not include amounts for taxes and insurance premiums. If applicable, the actual payment obligation will be greater than the example. Loan amounts greater than 80% LTV are subject to meeting private mortgage insurance requirements.
Offer valid for properties located in PA, NJ, and DE and is subject to credit approval, income verification and appraisal.
** Adjustable-Rate Mortgages:
APR denotes Annual Percentage Rate. The APR reflects the total cost of the loan and takes into consideration, not only interest, but other charges or fees.
An Adjustable-Rate Mortgage (ARM) means that your payment may change in the future. Our ARM mortgages have a fixed rate for a period of time, then rates can adjust annually. The fixed rate period varies based on the ARM loan you select.
For Example:
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A 5/1 ARM has a fixed interest rate until the 60th month (5 years) and can change every 12 months (1 year) after.
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A 7/1 ARM has a fixed interest rate until the 84th month (7 years) and can change every 12 months (1 year) after.
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A 10/1 ARM has a fixed interest rate until the 120th month (10 years) and can change every 12 months (1 year) after.
The initial fixed interest rate is based on interest rate, loan amount, and total term of the loan when your loan is closed. This is the discounted rate and lasts for 5, 7 or 10 years depending on the ARM loan selected. The Adjustable Interest Rate is based on an interest rate index plus a margin of 2.75%. Our Adjustable-Rate Mortgages use the one-year constant maturity treasury or CMT as the interest rate index. More information about this index is available at https://www.bankrate.com/rates/interest-rates/1-year-cmt/ . Your interest rate will never increase or decrease more than 2 percentage points at any rate adjustment or 5% over the life of the loan.
Offer valid for properties located in PA, NJ, and DE and is subject to credit approval, income verification and appraisal. Loan amounts greater than 80% LTV are subject to meeting private mortgage insurance requirements.