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Fixed Rate Mortgages

Fixed rate mortgages are traditional loans and have the benefit of a fixed rate and fixed payment amount throughout the life of the loan. This ensures that you will have no surprises or an increase in your payment amount. If you're planning on investing in a home and a life, this loan is perfectly suited for you. 

  • Fixed monthly payments
  • Flexible terms available
  • Loan amounts from $25,000 to $636,150
  • Purchase up to 97% loan-to-value
  • Refinance no cash-out up to 95% loan-to-value
  • Refinance with cash-out up to 80% loan-to-value
  • Single family residences, condominiums, townhouses or planned unit developments
  • Investment properties, 1-4 units, vacation homes
     

 


 


Adjustable Rate Mortgages (ARM)

Purchasing property to renovate and sell? Planning retirement in a few years and want to get the most out of your refinance? An adjustable rate mortgage (ARM) could be the perfect fit for you. The short-term fixed rate gets you lower payments and before it adjusts you can sell the property. 

  • Fixed monthly rate and payment for a period of time, 5, 7, 10 years
  • Flexible terms available, 5/1, 5/5, 7/1 and 10/1
  • Loan amounts from $25,000 to $1,000,000 
  • Purchase up to 97% loan-to-value for First Time Buyers
  • Refinance no cash-out up to 90% loan-to-value
  • Refinance with cash-out up to 80% loan-to-value
  • Single family residences, condominiums, townhouses or planned unit developments
  • Rates adjust annually after the initial fixed rate period
    (except the 5/5 ARM which adjusts every 5-years) 

 


 

 

Jumbo Loans
A Jumbo Loans allows for a larger loan amount while still providing flexible lending options including fixed and adjustable rate loans.

  • 30 year fixed, 15 year fixed, 5/1, 5/5, 7/1, and 10/1 Libor ARMS
  • Loan amounts up to $5,000,000
  • Up to 95% loan-to-value for purchase and rate/term refinance
  • Up to 80% for cash out refinance
  • Owner occupied, second home and investment properties
  • Call for rates 
     



FHA Loans

An FHA mortgage is insured by the Federal Housing Administration (FHA) and can be a good choice if you're looking for a loan with a lower down payment option.

  • Fixed rate and variable rate programs available
  • Up to 96.5% loan-to- value on Purchase transactions
  • Up to 97.75% loan-to-value on Rate/Term Refinance
  • Up to 85% loan-to-value for Cash Out transactions
  • Primary residence only
  • Single family, 1-4 units (primary residence) and condominiums
  • Call for rates 
     



VA Loans

Veteran Affairs (VA) loans are available for veterans who are looking for a fixed-rate loan with a lower down payment.

  • 100% loan-to-value on purchase and refinance transactions
  • Up to 90% loan-to-value on cash out refinances
  • No PMI
  • Owner occupied only
  • Call for rates
     



Reverse Mortgage

A reverse mortgage lets you convert a portion of your home's equity into cash.

  • All borrowers must be 62 or older
  • Fixed rate and ARM loans available
  • Backed by the Federal Government
  • Title remains in the owners name
  • LTV based on age
  • Fees are included in the loan
  • Counseling handled by an HUD approved Independent Counseling Agency

 

 


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TODAY'S RATES
Loan Type Rate APR*
30-Year 4.00% 4.221%
20-Year 3.750% 4.052%
15-Year 3.250% 3.627%
Need a Home Equity Loan?
Contact our Partner
 
Burbank City Federal Credit Union
Call (800) 622-3328
Click www.BurbankCity.org
NMLS# 407810
 
 
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