Rates and Yields Effective: 3.28.2018
Prime Rate: 4.75%
|Term||APR1 (as low as)|
|Account||APR1 (as low as)|
Home Equity Loans
|Account||APR3 (as low as)|
Finish Line Mortgage
|Account||APR4 (as low as)|
1APR = Annual Percentage Rate. All loans subject to credit approval. Rates subject to change without notice. Other conditions may apply. Annual Percentage Rate, terms of loan, and loan-to-value are all subject to applicant credit worthiness. There are no prepaid finance charges. Payment examples do not include amounts for taxes and insurance premiums, actual payments may vary. Rates include 0.25% discount for a recurring direct deposit into an active Inspire FCU checking account. If this direct deposit is cancelled, rate is subject to 0.25% increase on applicable loan. Revolving credit, such as VISA Credit Card and Home Equity Line of Credit do not qualify for rate discount. Contact Inspire Federal Credit Union for details.
2APR = Annual Percentage Rate. Credit limit will be determined based on credit worthiness, which includes debt analysis, credit rating, income verification, and more. Minimum credit limit, $500. Maximum credit limit, $20,000. Complete credit card disclosures and agreement will be provided at time of application. APR is viarable and currently ranging from 10.90% -19.90% APR as of 12/1/2017.
3APR = Annual Percentage Rate. Subject to credit approval. Rates quoted assume excellent borrower credit history. Your actual APR will be based on creditworthiness and income. Qualifying applicants will receiveintroductory rate of 1.99% APR that will expire after 6 months and new rate will adjust to a variable APR between 4.24% - 8.00% APR, but not to exceed 18% APR, depending on creditworthiness and Loan to Value. $5,000 initial draw required for Introductory rate of 1.99% APR. Certain restrictions may apply to introductory rate and not all borrowers will qualify. Home Equity Line of Credit is a Variable Rate product which is based on the highest Prime Rate as published in the Money Rates Section of The Wall Street Journal in effect on the first business day of December, March, June and September of each year. ("Index") plus or minus the margin - The Index plus or minus the margin equals the Interest Rate. Changes in the index will cause changes in the Interest Rate on the first day of January, April, July and October of each year. Interest you pay may be tax deductible. An early closure fee may apply - see Credit Union fee schedule for details. A credit union membership fee may apply - see Credit Union fee schedule for details. Property insurance is required for real estate secured loans. Consult a tax advisor regarding the deductibility of interest. In no event will the regular Annual Percentage Rate be less than 2% or more than the lesser of 18% per annum or the maximum rate allowed by applicable law. Payment examples do not include amounts for taxes and insurance premiums, actual payments may vary.The minimum monthly payment is $50.
4Minimum loan amount is $50,000. If loan is under $50,000 a $400 application fee will apply. Must be a first lien on property. Maximum loan-to-value 75%. Maximum Loan Amount $250,000. If borrower receives an APR (annual percentage rate) of 2.75%, borrower will pay 60 monthly payments of $17.86 per $1,000 borrowed. Example payment does not include amounts for taxes or insurance premiums, actual payment may vary. Rates and terms are subject to creditworthiness and other factors.