Rates & Rate Lock

Let us help you find a great rate!

Get home financing that’s right for you, under terms that are best suited to your needs and budget. Purchase, refinance, or home equity!

Call 866-80-LOANS to speak with someone today, or apply online anytime! We’ll sit down with you to “crunch the numbers” to make sure you know in advance how much home you can afford. We’ll also get you pre-approved at no cost and no obligation!

See all Mortgage Loan Rates & Terms (pdf)

Mortgage Rates

30 Year Fixed Rate

Todays Rate:

3.899%

5/5 ARM

Non-Conforming ARM Primary Residence

3.977%

7/1 ARM

Non-Conforming ARM Primary Residence

3.803%

My Choice Mortgage

1 to 10 year Term As Low As:

Home Equity Loan and Line of Credit Rates

Home Equity Line of Credit

  • Effective:  10-21-2017
Annual Percentage Rate1 Index2 Margin Loan to Value3 Alert Me
3.75% 4.25% - 0.50 up to 80% Be notified when this rate changes
5.50% 4.25% +1.25 80.01% - 85% Be notified when this rate changes
Generally, fees paid by NEFCU. If appraisal required, member-paid fees may range from $350 to $550. For Home Equities in first Mortgage position, members may be required to pay Title Examination fees which may range from $250 to $500 and Title Insurance fees which may range from $1.65 to $2.75 per $1000 borrowed.
  • 1All rates quoted are subject to change monthly, the maximum interest rate is 18% and the minimum interest rate is 3.50%. The rate may increase after the consummation of the loan. These are our posted rates; your rate could vary according to your credit.
  • 2The Index is the Prime Rate published in the Wall Street Journal on the last Wednesday of each month.
  • 3Maximum allowable loan to values may vary based on current market conditions. Call a loan officer for further details.
 

Home Equity Plus

  • Effective:  10-21-2017
Annual Percentage Rate1 Term Monthly Payment per $10002 Loan to Value3 Alert Me
2.95%4 5 years $17.95 up to 80%
3.95%4 10 years $10.10 up to 80%
4.75%4 15 years $7.78 up to 80%
Generally, fees paid by NEFCU. If appraisal required, member-paid fees may range from $350 to $550. For Home Equities in first Mortgage position, members may be required to pay Title Examination fees which may range from $250 to $500 and Title Insurance fees which may range from $1.65 to $2.75 per $1000 borrowed.
  • 1These are our posted rates; your rate could vary according to your credit.
  • 2The payment amount may be higher if escrows for property taxes, homeowner's insurance or mortgage insurance are applicable.
  • 3Maximum allowable loan to values may vary based on current market conditions. Call a loan officer for further details.
  • 4Fixed Rate
 

Home Equity Plus CLTV 80.01% to 85%

  • Effective:  10-21-2017
Annual Percentage Rate1 Term Monthly Payment per $10002 Loan to Value3 Alert Me
3.95%4 5 years $18.39 up to 85%
4.95%4 10 years $10.58 up to 85%
5.75%4 15 years $8.30 up to 85%
Generally, fees paid by NEFCU. If appraisal required, member-paid fees may range from $350 to $550. For Home Equities in first Mortgage position, members may be required to pay Title Examination fees which may range from $250 to $500 and Title Insurance fees which may range from $1.65 to $2.75 per $1000 borrowed.
  • 1These are our posted rates; your rate could vary according to your credit.
  • 2The payment amount may be higher if escrows for property taxes, homeowner's insurance or mortgage insurance are applicable.
  • 3Maximum allowable loan to values may vary based on current market conditions. Call a loan officer for further details.
  • 4Fixed Rate
 

It’s Easy to Lock and Shop with NEFCU’s Extended Rate Lock Option

NEFCU offers the opportunity to lock your rate for 120 days either at pre-approval or when you have a fully signed Purchase and Sales Contract for any 3/3, 5/1, 5/5, 7/1 Adjustable Rate Mortgage; or our portfolio fixed rate for Champlain Housing Trust and Jumbo Loans. This ensures rates won’t go up and allows a one-time float down option for up to 10 business days prior to closing should rates decrease.

Rate Lock Instructions

NEFCU allows you to lock your rate (following the instructions below) if you:

  • have a loan in process OR
  • have a scheduled appointment with one of our mortgage officers OR
  • have submitted a mortgage application online

Please note, you cannot lock a purchase pre-approval. You must wait until you have a signed Purchase and Sales Contract to submit a rate lock. You cannot lock a VA loan until NEFCU has verified your Certificate of Eligibility through the VA.

The rate lock period can change. Please look at the second page of today’s rate sheet to choose the correct rate lock period and fee (if applicable.)

* Excludes VHFA loan programs.


Choose one of these options to lock a rate now:

The interest rate you lock, will be your rate regardless of whether rates go up or down before your closing provided that your loan disburses within the rate lock period. If your loan does not disburse within your rate lock period, your rate lock will expire. If your rate lock expires, NEFCU has the sole right to adjust the rate based upon market conditions. Your rate may be the same or higher in these instances. You can check current interest rates and the current rate lock time period here.

To lock your interest rate, we will require the following information:

  • full name of the borrower or borrowers
  • property address
  • contact phone number
  • loan amount, within $10,000
  • term you are requesting
  • number of points, if any, you intend to pay
  • whether the transaction is a Purchase or Refinance
  • whether you are locking in a Fixed Rate or an Adjustable Rate
  • if the home is your Primary Residence, Second Home or an Investment Property
  • the interest rate you are locking into (from the current rate sheet)