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Friends First : Interest Rates

 
  • Interest Rates:
  • Interest Rate Structure for Risk Based Lending
    Range Score   Auto, Truck Auto, Truck Auto, Truck Auto, Truck Auto, Truck New RV 25,000 Boats & Motorcycle Boats & Motorcycle Boats & Motorcycle
          2016, 17 @ 63 mo

    2016 - 17 @ 73 mo

    2013, 14, 15 @ 63 mo 2010, 11, 12 @ 60 mo 2007, 08, 09 @ 48 mo 2015, 16, 17 @ 84 mo New @ 60 mo New @ 72 mo Used 1-6 yrs @ 48 mo
    750+ A +   1.75 APR 2.25 APR 2.75 APR 3.25 APR 4.25 APR 4.25 APR 6.25 APR 6.75 APR 7.25 APR
    700-749 A   2.50 APR 3.00 APR 3.25 APR 3.75 APR 4.75 APR 5.75 APR 7.25 APR 7.75 APR 8.25 APR
    650-699 B   3.50 APR 4.00 APR 4.50 APR 5.00 APR 6.00 APR 7.00 APR 8.25 APR 8.75 APR 9.25 APR
    600-649 C   5.50 APR 6.00 APR 6.50 APR 7.75 APR 9.00 APR 10.00 APR 11.25 APR 11.75 APR 12.25 APR
    550-599 D   7.75 APR 8.75 APR 8.50 APR 10.00 APR 11.25 APR N/A 12.75 APR 13.25 APR 13.75 APR
    549 or less E   12.25 APR N/A 13.25 APR 14.50 APR 14.75 APR N/A 15.25 APR 15.75 APR 16.25 APR
    .
    NOTE: Excluded from performance based pricing:
    • Share & Certificate Secured loans @ 5% above current share rates. 80% value for Boats and Motorcycles.
    • Credit Card loans @ 3.9% APR first 6 months, fixed @ 9.9% APR theeafter.
    • 20,000.00 Minimum Loan.
    Home Equity Product
    Score Grade To 80% To 90% Interstate Rate
    750 + A + Prime Prime APR is based on the Prime Rate as
    700 - 749 A Prime Prime + .50% stated in the Wall Street Journal plus a
    650 - 699 B Prime + 1.00% Prime + 1.50% margin based on credit score. Rate
    600 - 649 C Prime + 2.00% Prime + 2.50% is adjusted quarterly based on Prime
    550 - 599 D Prime + 3.00% Prime + 3.50% Rate 10 days prior to the adjustment date.
    549 or less E Prime + 4.00% Prime + 4.50% Rate will not be adjusted any lower than 4%.
             
    Maximum Amt. -------- $75,000 $75,000 Rate will adjust up or down a maximum of
    Requirement -------- Tax Assessment Full Appraisal 2 points per quarter & six over life of the loan.
    Title -------- Full Title Exam Full Title Exam Rate will not be adjusted lower than 4%.
    Payments Payment will be based on the line of credit for 84 months. Draw period is the 1st seven years, repayment period is a total of 15 years.
    Fees Title, Search, Recording, Appraisal, Attorney, Flood Determination and Credit Bureau Report.
    Advances Initial draw minimum is $3000.00 minimum subsequent advances must be $500.00.
      Effective April 20, 2016
      ALL RATES SUBJECT TO CHANGE. Call a FFCU representative today. 270-684-1829


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