Real Estate Rates

Rates effective as of March 13, 2019

WRCU does offer Home Equity Loans and Lines of Credit on mobile homes. However, the maximum LTV offered for these properties is 80%. Details

Fixed Rate Home Equity Loan

Rates effective as of March 13, 2019

*LTV = Loan to Value

Rate DescriptionTermAPR
Home Equity 50% LTV*5 YearsAs low as 3.25%
50% LTV*10 YearsAs low as 4.15%
50% LTV*12 YearsAs low as 4.41%
50% LTV*15 YearsAs low as 4.80%
80% LTV*5 YearsAs low as 4.05%
80% LTV*10 YearsAs low as 4.95%
80% LTV*12 YearsAs low as 5.21%
80% LTV*15 YearsAs low as 5.60%
90% LTV*5 YearsAs low as 5.05%
90% LTV*10 YearsAs low as 5.95%
90% LTV*12 YearsAs low as 6.21%
90% LTV*15 YearsAs low as 6.60%

Home Equity Line of Credit - Variable Rate

Prime Rate = The "Prime" rate as published in the Wall Street Journal under the "Money Rate" section.  The current "Index" rate is determined by using the "Index" rate published on or most recently prior to, ten days before the change date. If more than one rate is published, the index will be the higher published rate.

Rate DescriptionTermAPR
50% LTV*

10 yr draw, then 15 yr payback period.

15 YearsPrime Rate minus 1.00%
80% LTV*

10 yr draw, then 15 yr payback period.

15 YearsPrime Rate minus .50%
90% LTV*

10 yr draw, then 15 yr payback period.

15 YearsPrime Rate plus 1.00%

1st Mortgage Loan Rates

The White River Credit Union does not offer first mortgages on homes at this time. However, if you are looking to re-finance your home, or borrow against the value of your home, one of our Home Equity Loans might be all you need. Contact us, and we may be able to help you with some creative financing that will suit your needs.

APR = Annual Percentage Rate