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Alliant Credit Union NMLS#: 197185
1. APR=Annual Percentage Rate. 5/6, 7/6 and 10/6 adjustable rate mortgages available in all states except Maryland. Loan approval, interest rate, and down payment required based on creditworthiness, amount financed, and ability to repay. Origination fee is $1,200. Loans with a down payment less than 20% may require mortgage insurance which could increase the monthly payment and Annual Percentage Rate. Other fees may be assessed, as applicable. Rates, terms, and conditions are subject to change. The 5/6, 7/6 and 10/6 ARMs offer a fixed rate for the initial period of the loan and adjust to a 6 month ARM after that period. The interest rate and monthly payment may adjust bi-annually based on the 30 day average Secured Overnight Funding Rate (SOFR), plus a margin of 2.75 percentage points with a 5% life time cap. 7/6 ARM Payment for a $300,000 loan with a 3.500% rate and 3.271% APR, the first 84 payments are $1,347.13 with 275 payments at $2,107.63 if the rate adjusts to the annual maximum of 8.500%, with one remaining payment at $2,108.35. Payment examples do not include taxes and insurance premiums; actual payment obligation may be greater. Purchase rates may differ from refinance rates.
Rates can vary based on risk factors which include but are not limited to LTV, credit score, and debt to income ratio.
2. Fixed rate mortgages available in all states except Maryland. Loan approval, interest rate, and downpayment required based on creditworthiness, amount financed, and ability to repay. Loans with a down payment less than 20% may require mortgage insurance which could increase the monthly payment and Annual Percentage Rate. Origination fee is $1,200. Other fees may be assessed, as applicable. Rates, terms, and conditions are subject to change
Rates can vary based on risk factors which include but are not limited to LTV, credit score, and debt to income ratio.
Example Fixed Rate Mortgages Monthly Repayment Terms
| Loan Type | Rate(%) | APR(%) | Payment Per $1,000 Borrowed |
| 15-Yr. Fixed (180 months) | 5.875 | 5.922 | 8.37 |
| 20-Yr. Fixed (240 months) | 6.625 | 6.664 | 7.53 |
| 30-Yr. Fixed (360 months) | 6.875 | 6.905 | 6.57 |
Payment examples do not include taxes and insurance premiums; actual payment obligation may be greater. Purchase rates may differ from refinance rates.
Rates shown not available in all states. Rates are representative and rounded to the nearest point. Actual rates may vary and will depend on various factors including loan product, loan size, points paid, credit profile, property value, geographic location, occupancy and other factors.
For more information, please visit www.alliantcreditunion.org or call us at 773-462-2000. If you have questions about your account, please use our secure message center by logging in to Online Banking
