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)* |
|---|---|---|---|---|
| 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 Mortgage | Up to 15 years | 3.250% | 0 | 3.340% |
| 16 - 20 years | 3.875% | 0 | 3.946% | |
| 21 - 30 years | 4.000% | 0 | 4.052% | |
| Program | Maximum Term/Down Payment | Rate | Annual Percentage Rate (APR) |
|---|---|---|---|
| Land Mortgage | 10 Years/30% down | 5.95% | 6.088% |
| Program | Maximum Term | Rate | Annual Percentage Rate (APR) |
|---|---|---|---|
| Maximum loan amount of $500,000 and 75% LTV. | |||
| Non-Owner Occupied 1-4 Family and Condominiums | 20 Years | 5.000% | 5.074% |
Rhode Island Credit Union NMLS ID: 509121
