Effective May 22, 2013 Mortgage Rates
Rates below assume a Purchase Mortgage ($100,000 minimum) with 20% down and "A" quality credit. Actual rate may differ depending on the loan terms, purpose, property type and the applicants(s)'s credit score(s).
|
Type
|
Term
|
Interest Rate
|
Points
|
APR
|
|
30 yr Fixed *
|
30 year (2)
|
4.000%
|
0.000
|
4.035%
|
|
30 yr Fixed *
|
30 year (2)
|
3.750%
|
1.000 |
3.867%
|
|
15 yr Fixed *
|
15 year (1)
|
3.125%
|
0.000
|
3.185%
|
|
15 yr Fixed *
|
15 year (1)
|
2.875%
|
1.125
|
3.098%
|
|
5/1 Adjustable *
|
(2)
|
2.990%
|
0.000
|
3.03%
|
|
3/1 Adjustable *
|
(2)
|
2.750%
|
1.250
|
2.990%
|
|
Advantage Mortgage Level 1*
|
8 year (3)
|
As low as 2.59%
|
0.000
|
As low as 2.59%
|
|
Advantage Mortgage Level 1*
|
12 year (3)
|
As low as 2.99%
|
0.000
|
As low as 2.99%
|
|
Advantage Mortgage Level 2*
|
8 year (4)
|
As low as 2.99%
|
0.000
|
As low as 2.99%
|
|
Advantage Mortgage Level 2*
|
12 year(4)
|
As low as 3.29%
|
0.000
|
As low as 3.29%
|
|
| *Your rate may differ depending on the amount, type and purpose of your loan. |
|
.
(1) 15 year amortization, MAX of 80% LTV, Loan of over $100,000.
(2) 30 year amortization, MAX of 80% LTV, Loan of over $100,000.
(3) Level One -- Nonrefundable application fee of $399 is required. Finance up to 80% of the value of your home. A minimum loan amount of $25,000 to a maximum loan amount of $250,000. Payment example for an 8-year fixed $100,000 loan with an interest rate of 2.59%APR is repayable in 96 monthly payments of $1,154. Taxes and insurance are not included in payment example.
(4) Level Two -- Nonrefundable application fee of $699 is required. Finance up to 80% of the value of your home. A minimum loan amount of $250,001 to a maximum loan amount of $350,000. Payment example for a 8-year fixed $300,000 loan with an interest rate of 2.99%APR is repayable in 96 monthly payments of $3,518. Taxes and insurance are not included in payment example.
(3) (4) This program is for eligible single family, owner occupied dwellings in Connecticut. Mortgage must be a first lien. Rate includes a .25% discount for automatic payment from a Sikorsky Credit Union account. Rate is determined by credit tier. Rates are subject to change without notice. Terms and conditions apply.
Interest Rate may be locked for 60 days (Purchase or Refinance) at time of application. Loan must be ready to close within 55 days of the lock in. Member may otherwise choose to "float" for up to 115 days. All floating rates must be locked with Sikorsky Credit Union or its investor at least 5 business days prior to closing at the current market rates at time of locking. All rate lock options are subject to change at any time by Sikorsky Credit Union or its investor(s).
All application fees are non refundable irrespective of the ultimate action on the loan request.
Loans available for owner-occupied Connecticut properties only. Co-ops are not eligible.
|
.
.
Effective March 7, 2013
Home Equity Rates
| |
|
|
|---|
| Type |
Term |
|
APR |
| Home Equity Fixed Rate Loan (HEFIX) (1) (3) |
1st Lien Positon
5 years |
|
as low as 3.490% |
| |
10 years |
|
as low as 4.740% |
| |
15 years |
|
*Call for current rate |
| |
2nd Lien Positon
5 years |
|
as low as 3.790% |
| |
10 years |
|
as low as 4.990% |
| |
15 years |
|
as low as 5.740% |
| |
|
|
|
| |
|
|
|
Actual rate may vary. This is the minimum rate that Sikorsky Credit Union may charge. Your rate will be determined by your credit history and term of the loan. Subject to credit evaluation.
Rate includes a .25% discount for automatic payment from a Sikorsky Credit Union account.
(1) For Home Equity Loans up to 80% of the value minus any remaining mortgage balance.
(2) No application fee. For Connecticut owner occupied properties only. Method to determine value is at the sole discretion of Sikorsky Credit Union and may be other than a full appraisal. Minimum loan is $10,000. Refinance Fixed Rate Equity Loan Applications must add at least $10,000 to an existing fixed rate equity loan balance or pay a $325 non refundable application fee. We reserve the right to limit no fee refinances to two times during any five (5) year period.
| |
|
|
|---|
| Type |
Minimum Line Available |
Initial Period Rate |
APR |
| Home Equity Line of Credit (HELOC) (1) |
$15,000 |
4.00% variable
|
4.00% |
| |
|
|
|
(1) CURRENT INDEX USED: 3.25% [ "INDEX": The "Index" is the highest U.S. Prime Rate as published in the Wall Street Journal on the first publication day of each month. After the initial period, your rate will change on the first day of any month a new index is in effect. If the index changes during a month, other than on the first day, your rate will change effective on the first (1st) day of the month following a change in the index. If the index becomes unavailable or Sikorsky Credit Union is prohibited from using this index, we will choose a comparable interest rate index which is readily verifiable by you.]
Up to 80% (HELOC) of the property value minus the first mortgage balance. Method for Determination of value is at the sole discretion of Sikosky Credit Union.
TERM: 20 Years: Access line and interest only payment required for the first ten (10) years. After 10 years, access is stopped. The required payment is then amortized to pay principal and interest due within the remaining ten (10) years.
The interest rate is fixed at the starting rate during the initial period ("initial period") After the initial period, the rate is Prime -0.75% if prior month ending balance is $25,000 or greater, or Prime +0.25% if priormonth ending balance is below $25,000. The interest rate will never go below 4.00% (the "floor") nor above 17.50% (" the cap").
Effective February 1, 2013
Auto & Other Loan Rates
|
Type
|
Term
|
APR* As low as
|
|
New Auto Loans (1)
|
Up to 60 months (other rates avail. up to 78 months)
|
1.99%
|
|
Used Auto Loans(1)
|
Up to 60 months (other rates avail. up to 72 months)
|
1.99%
|
|
Auto Refinance (2)
|
Up to 60 months
|
1.99%
|
|
Auto Refinance (2)
|
61 to 66 months
|
2.99%
|
|
Auto Refinance (2)
|
67 to 72 months
|
3.49%
|
|
New Boat (3)
|
Terms and rates avail. up to 144 months
|
5.49%
|
|
Used Boat
|
Terms and rates avail. up to 72 months
|
5.99%
|
|
New Motorcycle (4)
|
Terms and rates avail. up to 72 months
|
2.99%
|
|
Used Motorcycle(4)
|
Terms and rates avail. up to 60 months
|
3.49%
|
|
New RV/Trailer (5)
|
Up to 60 months
|
8.75%
|
|
Used RV/Trailer
|
Up to 48 months
|
9.25%
|
|
Personal Loan (6)
|
Up to 60 months
|
9.74%
|
|
Advantage Loan (7)
|
Up to 36 months
|
8.99%
|
|
Line One Line of Credit (8)
|
Open End
|
13.00%
|
* Annual Percentage Rate
Actual rates may vary. This is the minimum rate that Sikorsky Credit Union may charge. Your rate will be determined by your credit history and term of the loan. Subject to credit evaluation. Terms and conditions may apply.
(1) Other terms and rates available up to 78 month terms on new autos/$25,000 minimum. Used auto rates apply to model years 2008 or newer. Older used vehicle (Model years 2003-2007) terms and rates also available. Rate includes a .25% discount for automatic payment from a Sikorsky Credit Union account.
(2) Standard vehicle financing guidelines apply. These rates apply to model years 2008 or newer. Existing Sikorsky Credit Union auto loans are NOT eligible. For qualified borrowers only. Offer may end at any time. Rate is subject to change without notice. Older used vehicle (Model years 2003-2007) terms and rates also available. Rate includes a .25% discount for automatic payment from a Sikorsky Credit Union account.
(3)Term applicable to new boats over $50,000 with terms exceeding 84 months. Rate includes a .25% discount for automatic payment from a Sikorsky Credit Union account.
(4)New/used motorcycle loans up to 110% financing available . Rate includes a .25% discount for automatic payment from a Sikorsky Credit Union account.
(5)New RV loans up to 110% of purchase price plus tax and license. Rate includes a .25% discount for automatic payment from a Sikorsky Credit Union account.
(6) An unsecured loan with a maximum loan amount of $25,000 on one signature with terms up to 5 years. Rate includes a .25% discount for automatic payment from a Sikorsky Credit Union account.
(7) Maximum Advantage Loan amount $5,000, subject to credit approval. Existing Sikorsky Credit Union Loans are not eligible.
(8) An unsecured personal line of credit which allows access to a line of credit up to $15,000.
Contact Lending Department at (203) 377-2252 for specific details.
Effective October 1, 2010
Credit Card Rates
$5.00 minimum to open
|
|
| Type/Term |
Term |
Current Variable APR |
| VISA Classic (1) |
Open End |
12.90% |
| VISA Platinum (2) |
Open End |
9.75% |
| Student VISA (3) |
Open End |
12.90% |
(1) Credit lines available from $500 to $25,000. Your APR may vary. The rate is determined by adding 9.65% for purchases, cash advances and balance transfers to the Prime Rate on the last business day of the preceding month.
(2) Credit lines available from $500 to $25,000. The rate is determined by adding 6.50% for purchases, cash advances and balance transfers to the Prime Rate on the last business day of the preceding month. "Scorecard Program"—every retail dollar charged earns redeemable points. Points expire in 48 months, each year thereafter points will expire yearly.
(3) Credit lines available from $500 to $1,500. The rate is determined by adding 9.65% for purchases, cash advances and balance transfers to the Prime Rate on the last business day of the preceding month. "Scorecard Program"—every retail dollar charged earns redeemable points. Points expire in 48 months, each year thereafter points will expire yearly.
No annual fee. Your APR (Annual Percentage Rate) may vary. The Prime Rate used to determine your APR is published in the "Money Rates" table of the Wall Street Journal on the last business day of the preceding month.