Mortgages
Rosedale Federal offers a variety of home-related loan products. The tables below are designed to help you compare mortgage types and give you the information you need to decide what works best for you. Our Residential Lending Production Team is here to guide you through the process step by step.
Chart data (interest rates, Annual Percentage Rates [APRs], etc.) is current as of for illustrative purposes only, and is subject to change without notice. This is not a credit decision or a commitment to lend and you must submit additional information for review and credit approval. Rates and APRs are subject to credit approval.
All interest rates and APRs are accurate as of .
| Product | Term | Rate | APR | Points | Monthly Payment (per $1000 borrowed) |
|---|---|---|---|---|---|
| Mortgages - Purchases and Refinances | 10-year Fixed | 6.625% | 6.923% | 0.000% | $11.42 |
| 15-year Fixed | 6.750% | 6.964% | 0.000% |
$8.85 | |
| 20-year Fixed | 7.250% | 7.427% | 0.000% | $7.90 |
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| 30-year Fixed | 7.375% | 7.565% | 0.500% | $6.91 | |
| 30-year Fixed | 7.500% | 7.640% | 0.000% | $6.99 | |
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Important Loan Disclosure
Advertised APR is based on a $200,000 loan amount and other loan assumptions, your actual APR may differ. Payments shown reflect principal and interest only, but does not include taxes and insurance; your actual payment obligation will be greater. The maximum Loan-to-Value (LTV) ratio for purchases is up to 97% (Other limits may apply). LTVs in excess of 80% (borrowers making a down payment of less than 20%) require private mortgage insurance (PMI) which will increase the monthly payment and APR. For 15, 20, 30-Year Purchase/Refinance, the maximum loan amount for published rates is $1,000,000 (loans in excess of $1,000,000 are available; please call for rates, terms and conditions).
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| First-Time Homebuyer | 30-year Fixed |
7.250% |
7.360% |
0.000% |
$6.82 |
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Important Loan Disclosure
Advertised APR is based on a $291,000 Loan amount and other assumptions, your actual APR may differ. Payment shown reflects principal and interest only and do not include taxes and insurance: your actual payment obligation will be greater. The maximum Loan-to-Value (LTV) ratio is 97% with no private mortgage insurance (PMI) required (other limits may apply). The maximum purchase price is $300,000. Subject to income limits.
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| Adjustable Rate Mortgages - Purchases and Refinances | 5/1 ARM Variable | 7.000% | 7.864% | 0.000% |
$6.65/60 mos.
$7.42/300 mos.
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| 7/1 ARM Variable | 7.125% |
7.724% | 0.000% |
$6.74/84 mos.
$7.32/276 mos.
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| 10/1 ARM Variable | 7.250% |
7.666% |
0.000% |
$6.82/120 mos.
$7.29/240 mos.
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Important Loan Disclosure
Adjustable Rate Mortgage (ARM) interest rates and APRs are variable and may increase after consummation. ARM Term indicates the initial fixed-rate period and the frequency of rate and payment resets thereafter (e.g. 5/1 ARM – means the first rate and payment reset will occur 5 years after consummation and annually thereafter). Payments shown reflect principal and interest only and do not include taxes and insurance; your actual payment obligation will be greater. The maximum Loan-to-Value (LTV) ratio for purchases is up to 97% (Other limits may apply). LTVs in excess of 80% (borrowers making a down payment of less than 20%) require private mortgage insurance (PMI) which will increase the monthly payment and APR. The maximum loan amount for published rates is $1,000,000 (loans in excess of $1,000,000 are available; please call for rates, terms and conditions). ARM APRs are based on the U.S. Treasury’s One (1) Year Treasury Constant Maturity Index as published by the Federal Reserve Board plus a margin (as published 2.75%). The APR will not increase or decrease more than 2% at each rate and payment reset period; or more than 5% over the term of the loan. All ARMs are based on a 30-year term. |
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| Construction/Permanent |
12-Month (Interest Only)
15-Year (Principal & Interest) Fixed
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7.000%
7.000%
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7.921% | 0.500% | $8.99 |
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12-Month (Interest Only)
20-Year (Principal & Interest) Fixed
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7.375%
7.375%
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8.154% | 0.500% | $7.98 | |
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12-Month (Interest Only)
30-Year (Principal & Interest) Fixed
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7.625%
7.625%
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8.252% | 0.500% | $7.08 | |
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7/1 ARM
Variable
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7.000%
|
8.225% | 0.500% |
$6.65/72 mos.
$7.40/288 mos.
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10/1 ARM
Variable
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7.125%
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8.113% | 0.500% |
$6.74/108 mos.
$7.35/252 mos.
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Important Loan Disclosure
The 12-Month term reflects the construction phase of the loan and the 2nd term reflects the permanent mortgage. Advertised APR is based on a $200,000 loan amount, other loan assumptions, and is blended reflecting both terms; your actual APR may differ. Payments shown reflect principal and interest only and do not include taxes and insurance; your actual payment obligation will be greater. The maximum Loan-to-Value (LTV) ratio is 80%. The maximum loan amount for published rates is $726,200 (loans in excess of $726,200 are available; please call for rates, terms and conditions). For ARM loans only, Adjustable Rate Mortgage (ARM) interest rates and APRs are variable and may increase after consummation. ARM Term indicates the initial fixed-rate period and the frequency of rate and payment resets thereafter (e.g. 7/1 ARM – means the first rate and payment reset will occur 7 years after consummation and annually thereafter). Payments shown reflect principal and interest only and do not include taxes and insurance; your actual payment obligation will be greater. The maximum Loan-to-Value (LTV) ratio for purchases is up to 90% (Other limits may apply). LTVs in excess of 80% (borrowers making a down payment of less than 20%) require private mortgage insurance (PMI) which will increase the monthly payment and APR. The maximum loan amount for published rates is $726,200 (loans in excess of 726,200 are available; please call for rates, terms and conditions). ARM APRs are based on the U.S. Treasury’s One (1) Year Treasury Constant Maturity Index as published by the Federal Reserve Board plus a margin (as 2.75%). The APR will not increase or decrease more than 2% at each rate and payment reset period; or more than 5% over the term of the loan. All ARMs are based on a 30-year term. |
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| Individual Developed Lots | 5-year Fixed | 9.125% | 10.245% | 1.000% | $20.82 |
| 10-year Fixed | 9.375% | 9.994% | 1.000% | $12.87 | |
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Important Loan Disclosure
Advertised APR is based on a $150,000 loan amount and other loan assumptions; your actual APR may differ. The maximum Loan-to-Value (LTV) ratio is 75%. The maximum loan amount is $150,000. |
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| Product | Term | Rate | APR | Points | Monthly Payment (per $1000 borrowed) |
|---|---|---|---|---|---|
| Fixed Rate Home Equity | 10-year Fixed | 7.875% | 8.428% | 0.500% | $12.07 |
| 15-year Fixed | 8.125% | 8.528% | 0.500% |
$9.63 | |
| 20-year Fixed | 8.375% | 8.707% | 0.500% | $8.60 |
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Important Loan Disclosure
Advertised APR is based on a $250,000 loan amount and other loan assumptions, your actual APR may differ. Payments shown reflect principal and interest only and do not include taxes and insurance; your actual payment obligation will be greater. The maximum Loan-to-Value (LTV) ratio including the first mortgage balance is 80%. The maximum loan amount is $500,000. |
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| Product | Term | Rate | Points | ||
|---|---|---|---|---|---|
| Home Equity Line of Credit (HELOC) |
10-year Draw/
20-year Repay
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8.500%
10.000%
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0.000%
0.000%
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Important Loan Disclosure
Home Equity Line of Credit (HELOC) rates, terms, and conditions are subject to credit and property approval and may change without notice. Additional terms and conditions may apply. Eligible properties include first or second lien position owner-occupied 1-to-4-family properties and condominiums. Adequate property insurance is required, and flood insurance is required where necessary. Variable Annual Percentage rate (APR) is based on the U.S. Prime Rate as published in the “Money Rates” table on the third Wednesday of the month in The Wall Street Journal. For loan-to-value (LTV) of 80% or less, the applicable APR is equal to the Prime Rate, currently 8.50%. For LTVs more than 80%, the applicable APR is equal to the Prime Rate plus a margin of 1.5%, currently 10.00%. The maximum APR that can apply is 18.00% and the minimum APR that can apply is 3.00%. To open an account, certain fees paid to third parties (closing fees) will be paid by us. If account is closed by you within 2 years of opening, you will be required to repay all closing fees. These fees generally total between $0.00 and $2,273.00 based on a maximum loan amount of $250,000,00.
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