Mortgages and HELOCS

Rosedale Federal offers a variety of home-related loan products. The tables below are designed to help you compare mortgage types — see the differences between home equity loans and lines of credit — and give you the information you need to decide what works best for you.
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.




ProductTermRateAPRPointsMonthly Payment (per $1000 borrowed)
Mortgages - Purchases and Refinances15-year Fixed3.750%3.910%0.000%$7.27
20-year Fixed
4.375%
4.508%
0.000%
$6.26
30-year Fixed
4.375%
4.515%
0.500%
$4.99
30-year Fixed4.500%4.598%0.000%$5.07
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, but does not include taxes and insurance; your actual payment obligation will be greater. The maximum Loan-to-Value (LTV) ratio for purchases is 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 $500,000 (loans in excess of $500,000 are available; please call for rates, terms and conditions). 
First-Time Homebuyer30-year Fixed
4.500%
4.594%
0.000%
$5.07
Important Loan Disclosure
Advertised APR is based on a $200,000 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 $250,000.  Subject to income limits. 
Adjustable Rate Mortgages - Purchases and Refinances5/1 ARM Variable3.500%4.542%0.000%$4.49
7/1 ARM Variable3.625%
4.432%0.000%
$4.56
10/1 ARM Variable3.750%
4.312%
0.000%
$4.63
15/1 ARM Variable3.875%
4.197%
0.000%
$4.70
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 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 $500,000 (loans in excess of $500,000 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.

Construction/Permanent12-Month (Interest Only)
15-Year (Principal & Interest)
5.500%
3.750%
4.473%1.000%$7.27
12-Month (Interest Only)
20-Year (Principal & Interest)
5.500%
4.375%
5.025%1.000%$6.26
12-Month (Interest Only)
30-Year (Principal & Interest)
5.500%
4.500%
4.945%1.000%$5.07
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 $250,000 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 $500,000 (loans in excess of $500,000 are available; please call for rates, terms and conditions).

Individual Developed Lots5-year Fixed6.250%7.270%1.000%$19.45
10-year Fixed6.500%7.000%1.000%$11.35
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.

Home Equity Loans10-Year Fixed5.000%5.482%1.000%$10.61
15-Year Fixed5.250%5.593%1.000%$8.04
20-Year Fixed5.500%5.776%1.000%$6.88
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.

Home Equity Line of Credit10-Year Draw / 10-Year Repayment
Prime**

1% of credit limit  or $250 minimum
Important Loan Disclosure

Term indicates a 10-Year reusable line of credit draw period followed by a 10-Year repayment only period. The interest rate and APR are variable and may increase after consummation. Advertised APR is based on a $100,000 Home Equity Line of Credit (HELOC) with an initial advance (draw) of $50,000 and other loan assumptions, your actual APR may differ. Advertised payment reflects a principal amount of 1.5% of the outstanding balance ($50,000) calculated at the advertised APR. Variable APR is the Wall Street Journal Prime Rate as published on the 3rd Wednesday of the previous month, currently 4.750%, and will not exceed 18% at any time during the term of the loan. The maximum Loan-to-Value (LTV) ratio including the first mortgage balance is 80%. The maximum loan amount is $200,000. Points are 1.000% of the HELOC credit limit or $250, whichever is greater. HELOCs area available for 1- to 4- unit owner occupied primary residence only. Adequate property insurance is always required and flood insurance is required where necessary. Consult your tax advisor regarding interest deductibility. During the repayment period, the variable minimum monthly payment will be an amount sufficient to repay the outstanding balance in principal and interest payments over the remaining term at the applicable APR.


**Prime Rate as published in The Wall Street Journal on the third Wednesday of the previous month