Fixed Rate Mortgage

Maximum loan amount: $417,000

Maximum loan to value ratio:
Purchase *
• 80.01% to 95% add .50% to the posted fixed rate
• up to 80% add .25% to the posted fixed rate
Refinance *
• 81% - 95% (No Cash): add .125% to posted fixed rate

* Additional rate adjustments may apply depending on Loan to Value and Credit Scores.

Term:
• 20, 30, 40 years

Closing Costs Paid by TFCU:
• Appraisal Fee
• Underwriting Fee
• Private Mortgage Insurance - First Year premium, if applicable
• Title Insurance, including searches
• Recording Fees
• Tax Service Fee
• Lender Attorney Fee
• Flood Insurance Fee

Rate Lock-Ins:
• Closing rate is set 48 hours prior to closing if a lock-in has not been selected
• 30 day rate lock: ½ point, non refundable fee
• 60 day rate lock: 1 point, non-refundable fee
• 90 day rate lock: 1 ½ points, non-refundable fee

Rate Buy-Downs
• 1 Point = ¼% Rate Reduction
• 2 Points = ½% Rate Reduction