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 |
6.99% |
7.043% |
$6.65 |
| 20 Year |
7.375% |
7.446% |
$7.98 |
| 15 Year |
6.75% |
6.836% |
$8.85 |
| 10 Year |
6.75% |
6.871% |
$11.48 |
|
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 |
6.625% |
7.614% |
$6.40 |
| 7/1 |
6.75% |
7.537% |
$6.49 |
| 10/1 |
6.875% |
7.444% |
$6.57 |
|
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|
|
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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
|
6.875% |
6.961% |
$8.92 |
| 30 Year |
6.99% |
7.043% |
$6.65 |
|
Rates are subject to change at any time. Refinance transactions have 60-day lock.
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