Mortgage Rates

Since IC Federal Credit Union is an independent non-profit cooperative, our members have access to some of the best fixed and adjustable mortgage rates in Massachusetts. For business owners, ICFCU also offers competitive rates on construction loans and investment properties.

(Note: Rates subject to change without notice.)
100% Financing is available on certain programs

Fixed Rate Mortgages
Effective as of 2010-09-02 09:40:29

APR = Annual Percentage Rate

40 Year Mortgage

Points Interest Rate APRPayment Per $1,000
04.750%4.780%$4.66
14.500%4.600%$4.50
24.250%4.419%$4.34

30 Year Mortgage

Points Interest Rate APR Payment Per $1,000
04.250%4.285%$4.92
14.000%4.119%$4.77
23.875%4.078%$4.70

20 Year Mortgage

Points Interest Rate APRPayment Per $1,000
04.125%4.174%$6.13
13.875%4.039%$5.99
23.750%4.030%$5.93

15 Year Mortgage

Points Interest Rate APRPayment Per $1,000
03.750%3.812%$7.27
13.500%3.709%$7.15
23.375%3.732%$7.09

10 Year Mortgage

Points Interest Rate APRPayment Per $1,000
03.625%3.714%$9.95
13.500%3.803%$9.89
23.375%3.893%$9.83

Interest First Mortgages
Effective as of 2010-09-02 09:40:29

15/15 Fixed

Points Interest Rate APRPayment Per $1,000
05.750%5.789%$5.84
15.500%5.630%$5.68
25.250%5.470%$5.52

10/20 Fixed

Points Interest Rate APRPayment Per $1,000
05.750%5.789%$5.84
15.500%5.630%$5.68
25.250%5.470%$5.52

Interest Only Mortgages
Effective as of 2010-09-02 09:40:29

3/1 ARM (3 Year Int. only)

Points Interest Rate APRPayment Per $1,000
0N/A%N/A%N/A
1N/A%N/A%N/A
2N/A%N/A%N/A

3/1 ARM (10 Year Int. only)

Points Interest Rate APRPayment Per $1,000
03.125%3.166%$2.60
12.875%3.202%$2.40
22.625%3.238%$2.19

5/1 ARM (5 Year Int. only)

Points Interest Rate APRPayment Per $1,000
0N/A%N/A%N/A
1N/A%N/A%N/A
2N/A%N/A%N/A

5/1 ARM (10 Year Int. only)

Points Interest Rate APRPayment Per $1,000
03.750%3.342%$3.13
13.500%3.352%$2.92
23.250%3.362%$2.71

No Points/No Closing Costs
For Refinances And Purchases
- Single Family Only
Effective as of 2010-09-02 09:30:23

($100,000.00 minimum loan requirement)

30 Years

Interest Rate APRPayment Per $1,000
N/AN/AN/A

20 Years

Interest Rate APRPayment Per $1,000
N/AN/AN/A

15 Years

Interest Rate APRPayment Per $1,000
N/AN/AN/A

10 Years

Interest Rate APRPayment Per $1,000
N/AN/AN/A

Adjustable Rate Mortgage
Effective as of 2010-09-02 09:29:42

Margin: 2.875%

5% Adjustment/ 5% Lifetime Cap

Fixed Period*Interest Rate**APRIndexPayment Per $1,000
7 Years4.000%3.501%.26$4.77
5 Years3.625%3.307%.26$4.56

2% Adjustment/ 6% Lifetime Cap

Fixed Period*Interest Rate**APRIndexPayment Per $1,000
3 Years3.000%3.144%.26$4.22
1 Year2.625%3.137%.26$4.02

* After the initial fixed period expires, rates are adjusted on a 1 year period.
** Rate listed is for No Point ARMs

Construction Loans
Effective as of 2010-09-02 09:40:29

(6 month construction period interest only)

30 Years

PointsInterest Rate APRPayment Per $1,000
04.500%4.614%$5.07
14.250%4.448%$4.92
24.000%4.282%$4.77

15 Years

PointsInterest Rate APRPayment Per $1,000
04.000%4.197%$7.40
13.750%4.096%$7.27
23.500%3.995%$7.15

Fixed Rate Investment Properties*
Effective as of 2010-09-02 09:30:23

30 Years

Interest Rate APRPayment Per $1,000
4.375%4.562%$4.99

15 Years

Interest Rate APRPayment Per $1,000
3.875%4.199%$7.33

1-2 family purchase 20% down payment required
3-4 family purchase 25% down payment required

A $150 Mortgage Application fee may apply. Other fees may be applicable.

*Additional fees and price adjustments charged by investor may increase the annual percentage rate (APR)

Prime Rate
Effective as of 2008-12-17 09:37:39

Prime Rate

3.250%


*APR is based on $100,000.00 loan with a loan-to-value of 80%, closing the first day of the month including $419.00 in prepaid closing costs.