Real Estate Rates

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Home Equity Loan Special   Home Equity Loans   Home Equity Lines   Home Mortgages

Effective July 1, 2010

Home Equity Loan Special

Home Equity Loans (Fixed Rate)

Home Equity Lines (Variable Rate)

Home Mortgages

Whether you're making your first home purchase, relocating, or refinancing an existing mortgage, MIT Federal Credit Union's dedicated mortgage team is here to help you make the right financing decision. Click the appropriate link below, or if you prefer to speak with a Member Service Representative, call 866.265.1121.

• Custom Mortgage Rate Quote
• Mortgage Rate Tracker
• Mortgage Calculators
• Apply for a Mortgage Today!
• Apply for a Home Equity Loan Today!

^ APR = Annual Percentage Rate. Rates are accurate as of July 1, 2010 and subject to change without notice. Offer of 5.99% APR for regular members and 5.74% APR for Smart Money Rewards members is valid on loans of new money only and may be withdrawn at any time. Payment example: A loan of $15,000 with a term of 180 months and an APR of 5.74% has an approximate monthly payment of $125.00. The maximum APR on Home Equity Loans is 18%. Rates and terms are subject to change. Real Estate Equity Lines of Credit are indexed to the Prime Rate published in the "Money" section of The Wall Street Journal. For monthly adjustable Home Equity Lines of Credit, the APR can change on the first day of each month and is established ten days prior to the first day of the month. For annually adjustable Home Equity Lines of Credit, the APR can change once per year on January 1, and the rate is established 30 days prior to this date. The maximum APR on Home Equity Lines of Credit is 18%. Example loan payment schedule: A $50,000 Home Equity Loan with an APR of 7.90% for 180 months has an approximate monthly payment of $474.21. Rates and terms are subject to change. The maximum loan amount is $175,000 and may be limited based on your available equity, income, outstanding debt, and creditworthiness. The minimum loan amount is $15,000. The Credit Union will hold up to second place in lien position. All property must meet applicable building codes and lot restrictions. Offer is nontransferable and available exclusively to owner-occupied single family residence properties or owner-occupied 1-4 unit dwellings located in MA, NH, VT, ME, CT, and RI. If your property is not currently insured or is underinsured, you will be required to purchase adequate coverage. Home Equity Loans and Lines currently financed with MITFCU are not eligible for this offer. Closing cost estimates are between $350 and $850. You will not incur closing costs if you borrow at least $15,000 and the Loan or Line of Credit is open for at least 24 months. Other terms and conditions apply. Please consult with a Member Service Representative for complete loan information.

^† Smart Money Rewards: To qualify, each direct deposit you receive must exceed $100. If at any time MITFCU no longer receives your net pay, pension, or Social Security via direct deposit or if your Checking Account is closed or becomes inactive (zero transactions within a 90-day period), the rate on increased Share Certificates will be reduced 0.25% and the rate on discounted loans will be increased 0.25% and you will no longer receive any of the discounts associated with Smart Money Rewards. Maximum dividend rate increase and/or Annual Percentage Rate reduction is 0.50% in combination with other offers.