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.
| Program | Term | Rate | Points | Annual Percentage Rate (APR)* |
|---|---|---|---|---|
| Conventional Mortgage | Up to 15 years | 3.000% | 0 | 3.089% |
| 16 - 20 years | 3.125% | 0 | 3.194% | |
| 21 - 30 years | 3.375% | 0 | 3.425% | |
| 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. | ||||
| Program | Maximum Term/Down Payment | Rate | Annual Percentage Rate (APR) |
|---|---|---|---|
| Land Mortgage | 10 Years/30% down | 6.875% | 7.015% |
| Program | Maximum Term | Rate | Annual Percentage Rate (APR) |
|---|---|---|---|
| Non-Owner Occupied 1-4 Family and Condominiums | 20 Years | 6.750% | 6.830% |
| Maximum loan amount of $500,000 and 75% LTV. | |||
Rhode Island Credit Union NMLS ID: 509121
Home Mortgage Disclosure Act Notice
The HMDA data about our residential mortgage lending are available for review. The data show geographic distribution of loans and applications; ethnicity, race, sex, age and income of applicants and borrowers; and information about loan approvals and denials. HMDA data for many other financial institutions are also available online. For more information, visit the Consumer Financial Protection Bureau’s Web site (www.consumerfinance.gov/hmda).
