*APR and payment are subject to increase after loan consummation.
**Down payment and closing cost assistance amount may be due upon sale, refinance, transfer, repayment of the loan, or if the senior mortgage is assumed during the term of the loan. Some programs require repayment with interest and borrowers should become fully informed prior to closing. Not all applicants will qualify. Minimum credit scores may apply. Sales price restrictions and income requirements may apply. Homebuyer education may be required. Owner-occupied properties only. Maximum loan amounts may apply.
¹Loan payment example: A fixed-rate [75% Loan-to-Value (LTV)] loan of $180,000 for 30 years at a 7.375% rate and 7.495% APR will have a principal and interest monthly payment of $1,243.22. Payments do not include taxes and insurance premiums and actual payment obligation may be greater.
²ARM interest rates and payments are subject to increase after the initial fixed-rate period (5 years for a 5/1 ARM, 7 years for a 7/1 ARM). The initial rate can change every year after the fixed-rate period (5 years for a 5/1 ARM, 7 years for a 7/1 ARM) based on a fully indexed rate (one-year Treasury Rate, plus margin) by no more than two percentage points, never to exceed five percentage points above the initial rate.
³Membership eligibility applies. Loans are available only on primary and secondary single-family residences or owner-occupied condominiums located in MD, D.C., DE, NJ, PA, NC, SC, FL and VA. Subject to credit approval.
Loan payment example: A fixed-rate VA [102% Loan-to-Value (LTV)] loan of $204,301 for 30 years at a 7.125% rate and 7.517% APR will have a principal and interest monthly payment of $1,376.41. Payments do not include amounts for taxes and insurance premiums and the actual payment obligation will be greater. Rates accurate as of 08/07/2023.
⁴Membership eligibility applies. Loans are available only on primary and secondary single-family residences or owner-occupied condominiums located in MD, D.C., DE, NJ, PA, NC, SC, FL, and VA. All loans are subject to credit approval. Other restrictions may apply.
Loan payment example: A FHA (96.5% LTV) loan of $305,250 for 30 years at 6.625% rate (7.790% APR) will have a principal, interest, and private mortgage insurance monthly payment of $2,092.05. Payments do not include amounts for taxes and insurance premiums and the actual payment obligation will be greater.
⁵Membership eligibility applies. Loans are available only on primary and secondary single-family residences or owner-occupied condominiums located in MD, PA, DE, NJ, VA, NC, SC, and FL. Subject to credit approval and income and geographical eligibility.
⁶Membership eligibility applies. Loans are available only on primary and secondary single-family residences or owner-occupied condominiums located in MD, PA, DE, NJ, VA, NC, SC, and FL. Subject to credit approval.
Loan payment example: A fixed-rate USDA [101% Loan-to-Value (LTV)] loan of $201,801 for 30 years at a 7.125% rate and 7.390% APR will have a principal and interest monthly payment of $1,308.88. Payments do not include amounts for taxes and insurance premiums and the actual payment obligation will be greater.
Interest on the portion of the loan amount above the Fair Mortgage Value is not deductible for Federal income tax purposes, and members should consult a tax advisor for further information regarding the deductibility of interest and charges. Payments do not include amounts for taxes and insurance premiums and the actual payment obligation will be greater.
⁷Subject to eligibility when the loan is approved or closed. If the loan is in one of these statuses, membership is required. To review APGFCU membership requirements, click here.