Mortgage Rates

Home loans are available on residential zoned properties located in California. All applications are subject to lending criteria approval including, but not limited to, credit history, property approval, and loan to value.

The Annual Percentage Rates (APRs) presented are for owner-occupied properties. Your final interest rate will be determined at time of loan approval and will be based upon such factors as, but not necessarily limited to, your credit history and loan to value. The APRs reflect fees of $78, which consist of $18 for flood determination and $60 for tax service. The APRs also reflect any points (including origination and discount fees) listed. All rates, terms and conditions presented are effective 5/18/08 and are subject to change without notice. Other terms and conditions may apply.

Through July 31, 2008, Point Loma Credit Union will pay both the appraisal fee and processing fee on your behalf for all First Trust Deed loan applications. This is a savings to you of $600.00.

* Attention:

As a result of the Economic Stimulus Act of 2008 being enacted into law in February 2008, maximum conforming loan amounts have been temporarily increased through December 31, 2008. If the property you are financing is located in San Diego County, the maximum conforming loan amount is $697,500. If the property you are financing is located in Riverside County, the maximum conforming loan amount has been increased to $500,000. For properties located in other counties located within the state of California, please contact us for the applicable conforming loan limit. Restrictions and conditions apply if your loan amount is above $417,000 but less than the new loan limit for the county within which the property being financed is located.

Flood, property hazard and/or mortgage insurance may be required and may result in a higher APR. If the loan includes an escrow impound account, any changes to the cost of real estate taxes and insurance may affect the total monthly payment amount.

Please call the Real Estate Department at (858) 495-3400 for specific program terms, features and restrictions or for information about other available rates and programs.

Fixed Rate Mortgages


Interest-Only Maximum of $4,000,000	Interest Rate	Points	Annual Percentage Rate	Est. Monthly Payments Per $1,000

Interest-Only	6.000% - 6.875%	0.000%	6.001% - 6.877%	$5.00 - $5.73

Payments are interest-only for the first three years before beginning full repayment (principal and interest) for the remaining term of the loan. Maximum term is 30 years. * .50% will be added to the interest rate for any loan amount in excess of $417,000. A No Points/No Closing Costs option is available with this loan product at an interest rate .25% above the applicable 0 point rate. A Minimum loan amount of $200,000 is required. Maximum LTVLoan to Value - The amount of a first mortgage lien as a percentage of the lesser of the purchase price or the appraised value. 90%. Other restrictions apply. Please contact us for further information.


Conforming Loans*	Interest Rate	Points	Annual Percentage Rate	Est. Monthly Payments Per $1,000

40 Year Fixed	6.250% - 7.125%	0.000%	6.252% - 7.127%	$5.68 - $6.31

	6.125% - 7.000%	0.375%	6.157% - 7.034%	$5.59 - $6.21

	6.000% - 6.875%	1.000%	6.081% - 6.962%	$5.50 - $6.12

30 Year Fixed	6.000% - 6.875%	0.000%	6.002% - 6.877%	$6.00 - $6.57

	5.875% - 6.750%	0.375%	5.912% - 6.789%	$5.92 - $6.49

	5.750% - 6.625%	1.000%	5.845% - 6.725%	$5.84 - $6.40

20 Year Fixed	5.875% - 6.750%	0.000%	5.878% - 6.753%	$7.09 - $7.60

	5.750% - 6.625%	0.375%	5.799% - 6.676%	$7.02 - $7.53

	5.625% - 6.500%	1.000%	5.751% - 6.630%	$6.95 - $7.46

15 Year Fixed	5.625% - 6.750%	0.000%	5.628% - 6.753%	$8.24 - $8.85

	5.500% - 6.625%	0.375%	5.561% - 6.688%	$8.17 - $8.78

	5.375% - 6.500%	1.000%	5.533% - 6.663%	$8.10 - $8.71

10 Year Fixed	5.500% - 6.750%	0.000%	5.505% - 6.755%	$10.85 - $11.48

	5.375% - 6.625%	0.375%	5.462% - 6.714%	$10.79 - $11.42

	5.250% - 6.500%	1.000%	5.474% - 6.730%	$10.73 - $11.35

A No Points/No Closing Costs option is available with this loan product at an interest rate .25% above the applicable 0 point rate. A Minimum loan amount of $200,000 is required. Maximum LTVLoan to Value - The amount of a first mortgage lien as a percentage of the lesser of the purchase price or the appraised value. 90%. Other restrictions apply. Please contact us for further information.


Jumbo Loans Maximum Loan $4,000,000	Interest Rate	Points	Annual Percentage Rate	Est. Monthly Payments Per $1,000

40 Year Fixed	6.750% - 7.625%	0.000%	6.751% - 7.626%	$6.03 - $6.67

	6.625% - 7.500%	0.375%	6.658% - 7.535%	$5.94 - $6.58

	6.500% - 7.375%	1.000%	6.584% - 7.465%	$5.85 - $6.49

30 Year Fixed	6.500% - 7.375%	0.000%	6.501% - 7.377%	$6.32 - $6.91

	6.375% - 7.250%	0.375%	6.412% - 7.289%	$6.24 - $6.82

	6.250% - 7.125%	1.000%	6.347% - 7.227%	$6.16 - $6.74

20 Year Fixed	6.375% - 7.250%	0.000%	6.377% - 7.252%	$7.38 - $7.90

	6.250% - 7.125%	0.375%	6.299% - 7.176%	$7.31 - $7.83

	6.125% - 7.000%	1.000%	6.253% - 7.132%	$7.24 - $7.75

15 Year Fixed	6.125% - 7.250%	0.000%	6.127% - 7.253%	$8.51 - $9.13

	6.000% - 7.125%	0.375%	6.061% - 7.188%	$8.44 - $9.06

	5.875% - 7.000%	1.000%	6.034% - 7.165%	$8.37 - $8.99

10 Year Fixed	6.000% - 7.250%	0.000%	6.003% - 7.254%	$11.10 - $11.74

	5.875% - 7.125%	0.375%	5.961% - 7.213%	$11.04 - $11.68

	5.750% - 7.000%	1.000%	5.975% - 7.230%	$10.98 - $11.61

A No Points/No Closing Costs option is available with this loan product at an interest rate .25% above the applicable 0 point rate. A Minimum loan amount of $200,000 is required. Maximum LTVLoan to Value - The amount of a first mortgage lien as a percentage of the lesser of the purchase price or the appraised value. 90%. Other restrictions apply. Please contact us for further information.


Balloon 30/7 - Amortized over 30 Years with the Balance Due in 7 Years Maximum of $417,000	Interest Rate	Points	Annual Percentage Rate	Est. Monthly Payments Per $1,000

Conforming	6.500% - 7.625%	0.000%	6.502% - 7.627%	$6.32 - $7.08

	6.375% - 7.500%	0.375%	6.413% - 7.541%	$6.24 - $6.99

	6.250% - 7.375%	1.000%	6.348% - 7.479%	$6.16 - $6.91



Jumbo	7.000% - 8.125%	0.000%	7.002% - 8.127%	$6.65 - $7.42

	6.875% - 8.000%	0.375%	6.914% - 8.041%	$6.57 - $7.34

	6.750% - 7.875%	1.000%	6.850% - 7.982%	$6.49 - $7.25

A No Points/No Closing Costs option is available with this loan product at an interest rate .25% above the applicable 0 point rate. A Minimum loan amount of $200,000 is required. Maximum LTVLoan to Value - The amount of a first mortgage lien as a percentage of the lesser of the purchase price or the appraised value. 90%. Other restrictions apply. Please contact us for further information.


Investment Properties / Non Owner-Occupied	Interest Rate	Points	Annual Percentage Rate	Est. Monthly Payments Per $1,000

	6.500% - 7.375%	1.500%	6.648% - 7.531%	$6.32 - $6.91

.50% will be added to the interest rate for any loan amount in excess of $417,000. Maximum LTVLoan to Value - The amount of a first mortgage lien as a percentage of the lesser of the purchase price or the appraised value. 80%.

Variable Rate Mortgages


1/1 Adjustable Rate Maximum of $4,000,000	Interest Rate	Points	Annual Percentage Rate	Est. Monthly Payments Per $1,000

1/1 Adjustable Rate	4.000% - 4.875%	0.000%	4.001% - 4.876%	$4.77 - $5.29

Fixed for the first year and may adjust every year thereafter. This rate may vary and has a 1% maximum annual cap and a 6% lifetime cap. Maximum LTVLoan to Value - The amount of a first mortgage lien as a percentage of the lesser of the purchase price or the appraised value. 80%. A No Points/No Closing Costs option is available with this loan product at an interest rate .25% above the applicable 0 point rate. A Minimum loan amount of $200,000 is required. Other restrictions apply. Please contact us for further information.


3/1 Adjustable Rate Maximum of $4,000,000	Interest Rate	Points	Annual Percentage Rate	Est. Monthly Payments Per $1,000

3/1 Adjustable Rate	4.750% - 5.625%	0.000%	4.751% - 5.626%	$5.22 - $5.76

Fixed rate for the first 3 years and may adjust every year thereafter. This rate may vary and has a 2% maximum annual cap and a 5% lifetime cap. Maximum LTVLoan to Value - The amount of a first mortgage lien as a percentage of the lesser of the purchase price or the appraised value. 80%. A No Points/No Closing Costs option is available with this loan product at an interest rate .25% above the applicable 0 point rate. A Minimum loan amount of $200,000 is required. Other restrictions apply. Please contact us for further information.


5/1 Adjustable Rate Maximum of $4,000,000	Interest Rate	Points	Annual Percentage Rate	Est. Monthly Payments Per $1,000

5/1 Adjustable Rate	5.250% - 6.125%	0.000%	5.251% - 6.126%	$5.52 - $6.08

Fixed for the first 5 years and may adjust every year thereafter. This rate may vary and has a 2% maximum annual cap and a 5% lifetime cap. Maximum LTVLoan to Value - The amount of a first mortgage lien as a percentage of the lesser of the purchase price or the appraised value. 90%. A No Points/No Closing Costs option is available with this loan product at an interest rate .25% above the applicable 0 point rate. A Minimum loan amount of $200,000 is required. Other restrictions apply. Please contact us for further information.


7/1 Adjustable Rate Maximum of $4,000,000	Interest Rate	Points	Annual Percentage Rate	Est. Monthly Payments Per $1,000

7/1 Adjustable Rate	5.750% - 6.625%	0.000%	5.751% - 6.627%	$5.84 - $6.40

Fixed for the first 7 years and may adjust every year thereafter. This rate may vary and has a 2% maximum annual cap and a 5% lifetime cap. Maximum LTVLoan to Value - The amount of a first mortgage lien as a percentage of the lesser of the purchase price or the appraised value. 90%. A No Points/No Closing Costs option is available with this loan product at an interest rate .25% above the applicable 0 point rate. A Minimum loan amount of $200,000 is required. Other restrictions apply. Please contact us for further information.


Investment Properties / Non Owner-Occupied 1/1 Adjustable Rate Maximum of $417,000	Interest Rate	Points	Annual Percentage Rate	Est. Monthly Payments Per $1,000

1/1 Adjustable Rate	4.500% - 5.375%	1.500%	4.631% - 5.513%	$5.07 - $5.60

Fixed for the first year and may adjust every year thereafter. This rate may vary and has a 1% maximum annual cap and a 6% lifetime cap. 30 Year Maximum. Maximum Combined LTVCombined Loan to Value - The amount of a first mortgage lien combined with a second mortgage lien as a percentage of the lesser of the purchase price or the appraised value. 80%.


3/27 Adjustable Rate Maximum of $4,000,000 (First Time Buyers Only)	Interest Rate	Points	Annual Percentage Rate	Est. Monthly Payments Per $1,000

3/27 Adjustable Rate	5.500% - 6.375%	0.000%	5.501% - 6.376%	$5.68 - $6.24

The interest rate is fixed for the first three years prior to a one time increase of .50% for the remaining term of the loan. Lender pays non-recurring closing costs, which include all lender costs except prepaid interest and impounds. .50% will be added to the interest rate for any loan amount in excess of $417,000. Maximum LTVLoan to Value - The amount of a first mortgage lien as a percentage of the lesser of the purchase price or the appraised value. 90%.

Fixed Rate Second Mortgages/Home Equity Loans


Fixed Rate Second Trust Deeds	Interest Rate	Points	Annual Percentage Rate	Est. Monthly Payments Per $1,000

15 Year Fixed	6.625% - 7.750%	0.000%	6.625% - 7.750%	$8.78 - $9.41

Maximum Combined LTVCombined Loan to Value - The amount of a first mortgage lien combined with a second mortgage lien as a percentage of the lesser of the purchase price or the appraised value. 80%.


Home Improvement	Interest Rate	Points	Annual Percentage Rate	Est. Monthly Payments Per $1,000

Home Improvement	10.500%	0.000%	10.540%	$11.05

15 Year Fixed. Max Loan $35,000. No Equity Required.


Investment Properties / Non Owner-Occupied Fixed Rate Second Trust Deeds	Interest Rate	Points	Annual Percentage Rate	Est. Monthly Payments Per $1,000

Fixed Rate 2nd Trust Deed	7.875% - 9.000%	0.000%	7.875% - 9.000%	$9.48 - $10.14

Maximum Financed $150,000. Maximum Combined LTVCombined Loan to Value - The amount of a first mortgage lien combined with a second mortgage lien as a percentage of the lesser of the purchase price or the appraised value. 80%.

Home Equity Lines of Credit


INTEREST-ONLY SUPER HELOC	Interest Rate	Points	Annual Percentage Rate

Home Equity Line of Credit (SUPER HELOC)	5.500%	0.000%	5.500%

This rate may vary and is .25% above Wall Street Prime and has a lifetime cap of 6% above the initial rate. Interest-Only Payments. 25 Year Maximum. Maximum Combined LTVCombined Loan to Value - The amount of a first mortgage lien combined with a second mortgage lien as a percentage of the lesser of the purchase price or the appraised value. 80%.


SUPER HELOC	Interest Rate	Points	Annual Percentage Rate

Home Equity Line of Credit (SUPER HELOC)	5.500%		5.500%

This rate may vary and is .25% above Wall Street Prime and has a lifetime cap of 6% above the initial rate. Maximum Combined LTVCombined Loan to Value - The amount of a first mortgage lien combined with a second mortgage lien as a percentage of the lesser of the purchase price or the appraised value. 80%.

The above Home Equity Line of Credit products are only available for owner-occupied
1-family and condominium units.


Non-Owner Occupied HELOC Maximum of $150,000	Interest Rate	Points	Annual Percentage Rate

Home Equity Line of Credit	6.750%	0.000%	6.750%

This rate may vary and is 1.5% above Wall Street Prime and has a lifetime cap of 6% above the initial rate. Maximum Combined LTVCombined Loan to Value - The amount of a first mortgage lien combined with a second mortgage lien as a percentage of the lesser of the purchase price or the appraised value. 80%.