Mortgage Rates

All mortgage programs are unique to Greater Iowa Credit Union - to learn more about these programs and many others, call us at 800-296-9064.

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Purchase Fixed Rate Mortgages

Fixed rate mortgages are the simplest and most conventional mortgage loan type. With a fixed and locked in interest rate, your principal and interest payment will not change over the life of your loan.

Term Rate APR* Payment Per $1,000*
30 Year 6.49% 6.542% $6.31
20 Year 6.99% 7.060% $7.75
15 Year 6.375% 6.460% $8.64
10 Year 6.375% 6.495% $11.29

Rates are subject to change at any time. Purchase transactions have 30-day lock.

Adjustable Rate Mortgages

An adjustable-rate mortgage (ARM) has an initial period with a fixed interest rate. When this period ends, your interest rate becomes variable and may change annually as rates change within the market. When interest rates rise, your monthly mortgage payment may increase, but when interest rates go down, your monthly mortgage payments may decrease.

Term Rate^ APR* Payment Per $1,000*
5/1 6.125% 7.516% $6.08
7/1 6.25% 7.358% $6.16
10/1 6.375% 7.195% $6.24

Rates are subject to change at any time. Purchase transactions have 30-day lock.

Refinance Mortgages

Term Rate APR* Payment Per $1,000*

15 Year 

6.49%  6.575%  $8.71
30 Year 6.49% 6.542% $6.31

Rates are subject to change at any time. Refinance transactions have 60-day lock.

*APR = Annual Percentage Rate. Rates based on loan amount of $135,000. Rates shown are for 80% loan to value for all transactions. Purchase transactions have 30 day locks and refinance transactions have 60 day locks. Rates subject to change without notice. Loan must be secured by primary residence which is owner occupied. All loan approvals are subject to normal underwriting procedures. Any loan and its servicing may be sold on the market at any time. Actual rate may be higher based on credit history, occupancy and LTV. The payment example does not include taxes or insurance and the actual payment obligation may be greater. Posted rates are effective on the date listed and expire at 5:00 PM central. All loans subject to approval. Greater Iowa Credit Union is not responsible for typographical errors or omissions.
Adjustable rate products may be amortized for up to thirty years. Index is the constant maturity treasury (CMT) depending on product selected.

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