Effective date: 1/22/2015 For more information, contact North Island

The "best rate" for each program is quoted below.
The rate/points you qualify for may be higher based on potential adjustments due to your:
• Loan amount
• FICO score (Scores below 740 may have adjustments)
• Loan-To-Value/Combined Loan-To-Value (LTV/CLTV)
• Cash-out refinance
• Property Type
• Overall credit worthiness
Monthly Principal
& Interest Payment
(based on loan amount examples
LOAN PROGRAM
5/1 ARM (to $1,000,000)
5/5 ARM (to $1,000,000)
7/1 ARM (to $1,000,000)
10/1 ARM (to $1,000,000)
95% LTV 30 yr My Community (to $417,000)
95% LTV 30 yr My Community (to $546,250)
30 Year Fixed (to $417,000)
30 Year Fixed (to $546,250)
15 Year Fixed (to $417,000)
15 Year Fixed (to $546,250)
10 Year Fixed (to $417,000)
10 Year Fixed (to $546,250)
Rate
2.750%
2.875%
3.250%
3.625%
3.875%
4.125%
3.625%
3.875%
3.000%
3.125%
2.875%
3.125%
Points
0
0
0
0
0
0
0
0
0
0
0
0
APR**
2.914%
3.642%
3.151%
3.418%
4.155%
4.401%
3.660%
3.903%
3.061%
3.174%
2.964%
3.209%
15 Year Fixed 2nd Mortgage (to $100,000)
6.625%
0
6.625%
listed below)
$2,041.21 2,6,7
$2,074.46 2,5,7
$2,176.03 2,4,7
$2,280.26 2,3,7
$1,880.95 1
$2423.25 2
$1,824.21 1,7
$2,351.19 2,7
$2,762.33 1,7
$3,483.05 2,7
$3,839.40 1,7
$4,856.94
$439.00 8
Terms & Conditions
Home must be located in San Diego, Orange or Riverside Counties. Rates, terms, and fees are subject to change without notice. All loans are subject to
credit approval and satisfactory appraisal. Your overall credit worthiness will determine the interest rate available to you.
Private Mortgage Insurance (PMI) may be required
**APR is Annual Percentage Rate
1
Based on a loan amount of $400,000
Based on a loan amount of $500,000
3
Rate is variable, and adjusts annually after 10 years and can increase by no more than 2 percentage points every year thereafter, based on the 1-year TCM
index plus a margin of 2.750% -- with a lifetime maximum rate of 5% above the start rate.
4
Rate is variable, and adjusts annually after 7 years and can increase by no more than 2 percentage points every year thereafter, based on the 1-year TCM
index plus a margin of 2.750% -- with a lifetime maximum rate of 5% above the start rate.
5
Rate is variable, and adjusts every 60 months after 5 years and can increase by no more than 2 percentage points every 60 months thereafter, based on
the 5-year TCM index plus a margin of 2.500% -- with a lifetime maximum rate of 5% above the start rate.
6
Rate is variable, and adjusts annually after 5 years and can increase by no more than 2 percentage points every year thereafter, based on the 1-year TCM
index plus a margin of 2.75% -- with a lifetime maximum rate of 5% above the start rate.
7
Examples shown are based on rate/term, no cash out, 740 minimum FICO, 80% max financing, single family home, primary residence. Other options may
be available. Payments shown do not include taxes or insurance; actual payments may be greater. Rates posted are not intended to be a commitment, and
are subject to change without notice. Certain terms and conditions may apply. Your actual rate and/or points may be different, as many factors go into
securing a rate.
8
Example shown are based on a 15 year fixed rate and a loan amount of $50,000, 680 minimum FICO, 80% CLTV (combined loan to value) max financing,
single family home, primary residence. Other options may be available. Payments shown do not include taxes or insurance; actual payments may be greater.
Rates posted are not intended to be a commitment, and are subject to change without notice. Certain terms and conditions may apply. Your actual rate
and/or points may be different, as many factors go into securing a rate.
2
For more information, contact North Island Credit Union Mortage Department at 619/656-6580
Effective date:
1/23/2015