Our experienced team knows how to open doors
Buying a home is a big moment in anyone's life. At Transcend Credit Union, our goal is to help make it a happy one. You can count on the Transcend team to explain all of your loan options, highlight the important details, and help you decide on a loan that works for your current and future finances.
The 5/5 ARM rate adjusts every 5 years. 5/5 ARM Repayment Example: $100,000 financed at 5.99% annual percentage rate (APR) with a term of 360 months would result in a principal and interest payment of $598.91; if the rate were to adjust to 7.99% APR, 360 payments at $733.07; if the rate were to adjust to 9.99% APR, 360 payments at $876.84; if the rate were to adjust to the cap of 11.99% APR, 360 payments at $1027.85. Payments do not include amounts for taxes and insurance premiums and the monthly payment obligations will be greater if taxes and insurance are included. The principal and interest portion of your payment may be higher at the beginning of each new ARM term based on market conditions. Loans must be for a primary residence, in first lien position. Additional conditions and restrictions may apply.
Loans must be for a primary residence, in first lien position. Borrower debt to income ratio may not exceed 38%. Lowest quoted rate requires a maximum loan to value (LTV) of 80%. Additional conditions and restrictions may apply.
Transcend Credit Union and its employees who are Mortgage Loan Originators are registered in the Nationwide Mortgage Licensing System (NMLS). Their identification numbers are as follows:
- Contact the Nationwide Mortgage Licensing System at nmlsconsumeraccess.org.
- For more information on home buying, go to MGIC for Homebuyers.
*APR= Annual Percentage Rate. APR does not include items such as prepaid interest, optional owner's title insurance, and optional escrow services, which could increase the effective APR. All loans subject to credit approval. Rates are based on evaluation of credit history, loan-to-value, and loan term, so your rate may differ. All rates, terms, and conditions are subject to change at any time without notice. Many of these programs carry discount points which may impact your rate. Other restrictions may apply. Payment example: $100,000 mortgage for a term of 360 months (30 years) at rate of 7.00% APR will result in a monthly payment of $665.31. Payments do not include amounts for taxes and insurance premiums and the monthly payment obligation will be greater if taxes and insurance are included, and an initial member deposit may be required if an escrow account for these items is established.