Mortgage Loans

Rhode Island Credit Union offers mortgages for 1-4 family owner-occupied properties and condominiums.

  • Financing available for purchase or refinance.
  • Various terms up to 30 years.
  • No point programs available.
  • Low application fees.
  • Bi-weekly mortgage payment options available.
  • In-house mortgage servicing.

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ProgramTermRatePointsAnnual
Percentage Rate
(APR)*
All rates subject to change without notice. Maximum LTV = 95%. PMI required on loans over 80%. All Fixed Rate Mortgages are fully amortizing loans. The rate will be fixed and your monthly principal and interest payments will not change for the term of the loan.
Conventional MortgageUp to 15 years3.250%03.340%
16 - 20 years3.875%03.946%
21 - 30 years4.000%04.052%
ProgramMaximum Term/Down PaymentRate Annual
Percentage Rate
(APR)
Land Mortgage10 Years/30% down5.95%6.088%
ProgramMaximum Term RateAnnual Percentage Rate (APR)
Maximum loan amount of $500,000 and 75% LTV.
Non-Owner Occupied 1-4 Family and Condominiums20 Years5.000%5.074%

Rhode Island Credit Union NMLS ID: 509121

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