Mortgage Loans
April 3, 2024
Mortgage Options – Owner-Occupied Residential Properties
| Program | Rate | Points | Annual Percentage Rate (APR) | Cost per $1000. |
| 15 Year Fixed | 6.375% | 0 | 6.490% | $8.64 |
| 30 Year Fixed | 6.875% | 0 | 6.830% | $6.57 |
| 30 Year Fixed Jumbo* | 7.375% | 0 | 7.381% | $6.91 |
| Program | Rate | Points | Annual Percentage Rate (APR) | Cost per $1000. |
| 5/1 ARM (2/2/5 Caps) |
6.375% | 0 | 7.272% | Years 1-5: $6.24 |
| 7.750% | Year 6+: $7.16 | |||
| 5/1 FTHB ARM ** (2/2/5 Caps) |
5.750% | 0 | 7.021% | Years 1-5: $5.84 |
| 7.750% | Year 6+: $7.16 |
The interest rates quoted are based on a loan amount of $300,000 Purchase and No Cash-out Refinance transactions and are provided for you as a guideline or reference. Annual Percentage Rates (APR) above are based on a 20% down payment. No guarantee or warranty is provided as your rate may vary based on your unique credit history, loan purpose and other variable market conditions. Not all applicants will qualify. All loans are subject to underwriter approval. Fees may apply. Payment amounts do not include taxes and insurance. The actual payment obligation may be greater.
Programs, rates, terms and conditions subject to change without notice. All loans are subject to credit approval. A minimum credit score of 620 is required. Credit Union membership is required; members must open and maintain a membership account with a minimum of $5.00. As a credit union, we lend in a limited area; please check with your Loan Officer on whether your loan meets membership requirements.
5/1 Adjustable rate mortgages are fixed for 5 years and then adjust annually thereafter based on the index, the 1 year treasury bill, and a margin of 2.75%. The adjustable rates above are discounted rates, the fully indexed rate is higher and the rate will increase after consummation.
*The 30 Year Fixed Jumbo Mortgage Program has a minimum loan amount of $1,500,000.00
** The 5/1 FTHB program is for qualified home buyers and has income restrictions.
Auto
April 3, 2024
New Auto
| In Months | APR (as low as) * | Cost Per Thousand | |
| 4 Year term | 48 Months | 6.24% | $23.60 |
| 5 Year term | 60 Months | 6.49 % | $19.56 |
| 6 Year term | 72 Months | 6.74% | $16.92 |
| 7 Year term | 84 Months | 6.99% | $15.09 |
Used Auto
| In Months | APR (as low as) * | Cost Per Thousand ** | |
| 4 Year term | 48 Months | 6.49 % | $23.71 |
| 5 Year term | 60 Months | 6.74 % | $19.68 |
| 6 Year term | 72 Months | 6.99 % | $17.04 |
| 7 Year term | 84 Months | 7.24 % | $15.21 |
*APR = Annual Percentage Rate. Annual Percentage Rate, term, and approved loan amount may vary based on your credit worthiness and is determined once application is approved. **Payment examples based on the maximum term for each product and reflect an excellent credit score. Automatic payment is required to obtain lowest rate. Payments listed do not reflect, GAP, life and disability insurance. Rates and APRs effective April 3, 2024 and are subject to change without notice. Please ask a loan representative for additional details regarding how your rate is determined.
Must be a member of First Priority Credit Union or open and maintain a Share Account with a minimum of $5.00 for approval of any loan. Automobile loans must be titled in Massachusetts and New Hampshire. Other states may be permitted at the discretion of lending management. Financing is based on NADA value for used auto and MSRP for new auto. Minimum loan amount is $10,000. Other restrictions may apply.
Personal
April 3, 2024
Unsecured Personal Loan
| In Months | APR (as low as) * | Cost Per Thousand ** | |
| 1 Year term | 12 Months | 10.99 % | $88.37 |
| 2 Year term | 24 Months | 12.99 % | $47.54 |
| 3 Year term | 36 Months | 13.99 % | $34.18 |
| 4 Year term | 48 Months | 14.99 % | $27.83 |
*APR = Annual Percentage Rate. Annual Percentage Rate, term, and approved loan amount may vary based on your credit worthiness and is determined once application is approved. **Payment examples based on the maximum term for each product and reflect an excellent credit score. Automatic payment is required to obtain lowest rate. Payments listed do not reflect, life and disability insurance. Rates and APRs effective April 3, 2024 and are subject to change without notice. Please ask a loan representative for additional details regarding how your rate is determined. Must be a member of First Priority Credit Union or open and maintain a Share Account with a minimum of $5.00 for approval of any loan.
Overdraft Protection Line of Credit
| APR (as low as) * | 12.99 % |
*APR = Annual Percentage Rate. Annual Percentage Rate, term, and approved loan amount may vary based on your credit worthiness and is determined once application is approved. Rates and APRs effective April 3, 2024 and are subject to change without notice. Please ask a loan representative for additional details regarding how your rate is determined. Must be a member of First Priority Credit Union or open and maintain a Share Account with a minimum of $5.00 for approval of any loan.
Home Equity
April 3, 2024
| Annual Percentage Rate | Term | Estimated Cost Per $1000 | Maximum Amount | |
| Home Equity Loan | 7.50% (fixed) | 180 months | $9.27 | $250,000 |
| Annual Percentage Rate | Term | |
| Home Equity Line of Credit | 7.50% (Prime -1.00%) | 20 Years |
Must be member eligible at time of approval and be a member on the day of closing.
Home Equity Loan:
Minimum Loan amount of $50,000 applies to this loan. Property Insurance or additional coverage may be required.
Home Equity Line of Credit:
The Annual Percentage Rate (APR) quoted is the lowest rate available as of April 3, 2024. Subject to credit approval.
Annual Percentage Rate (APR) is effective April 3, 2024 and subject to change. Wall Street Journal Prime rate of 8.50% Minus 1.00% = 7.50%. The corresponding APR will never be less than 4.00% or more than 16.00% per annum.
Advertised rate available for lines of credit between $50,000 and $500,000 on 1 to 4 family owner occupied properties with a combined loan to value ratio (CLTV) of 80% or less as determined by a valuation acceptable to the lender.
Hazard insurance is required. Flood insurance may be required. Closing costs are waived, however, if borrower terminates the agreement or a discharge is issued within 36 months from the date of agreement then the borrower will be responsible for the full amount of waived costs of between $1200.00. – $1350.00. Approval for all home equity products is subject to appraisal. Rates are subject to change without notice. Other restrictions may apply.
Savings & Checking
April 3, 2024
| Dividend Rate | Annual Percentage Yield (APY) | Minimum Opening Deposit | Minimum Balance to Earn Dividend | |
| Primary Share Account | 0.05% | 0.05% | $5.00 | $5.00 |
| Priority Checking Account* | 2.50% | 2.50% | $0.00 | none required |
| Money Market (New & Existing Money) |
0.20% 0.25% 0.30% 0.40% |
0.20% 0.25% 0.30% 0.40% |
$2500.00 $2500.00 $2500.00 $2500.00 |
$2500.00 $20,000.00 $75,000.00 $150,000.00 |
| Money Market (High Yield: New Money Special) |
3.00% 3.25% |
3.00% 3.25% |
$2500.00 $2500.00 |
$200,000.00 $500,000.00 |
| Secondary Share | 0.05% | 0.05% | $0.00 | None Required |
| IRA Accumulator | 0.05% | 0.05% | $0.00 | None Required |
*APY = Annual Percentage Yield. Rates may change without notice after the account is open. Fees could reduce earnings on accounts.
Share Account: A Share Account with a $5.00 minimum balance must be opened and maintained before opening any other FPCU Account.
Priority Checking Account: As of April 3, 2024, Priority Checking Account earns an Annual Percentage Yield of 2.50% on balances between $0.01 – $10,000. The following requirements must be met each statement cycle to earn interest: Have, (1) Direct deposits totaling $500 or more (2) 12 Debit transactions, and (3) EITHER a Bill Payment OR an online banking transfer. Accounts that do not meet these requirements on a specific statement cycle will not earn interest for that statement period. Balances over $10,000 will not earn interest. Fees could reduce earnings. Rates are subject to change.
Certificates & IRAs
April 3, 2024
| Share/IRA Certificates | Dividend Rate | Annual Percentage Yield | Minimum Balance (to Open & Earn Dividend) |
Term in Months |
|---|---|---|---|---|
| 3 months | .15% | .15% | $1000 | 3 |
| 6 months | .25% | .25% | $1000 | 6 |
| 9 months | .25% | .25% | $1000 | 9 |
| 1 year | 3.93% | 4.00% | $1000 | 12 |
| 15 months | .40% | .40% | $1000 | 15 |
| 18 months | 4.41% | 4.50% | $1000 | 18 |
| 2 year | 4.17% | 4.25% | $1000 | 24 |
| 2.5 year | 2.96% | 3.00% | $1000 | 30 |
| 3 year | 1.49% | 1.50% | $1000 | 36 |
| 4 year | 1.49% | 1.50% | $1000 | 48 |
| 5 year | 1.49% | 1.50% | $1000 | 60 |
*APY = Annual Percentage Yield. Early withdrawal penalties may apply. Any changes to certificates must be made on or within 10 days of the maturity date. Fees could reduce earnings on the account.
*SPECIAL* Rate effective as of April 3, 2024. Rates are subject to change without notice. Minimum deposit to open Share Certificate and earn advertised APY is $1000. Penalty for early withdrawal will apply and may reduce earnings. Must have or open a Share Account with FPCU and maintain a minimum balance of $5.00. Maximum deposit of $500,000.
Must be a member of First Priority Credit Union or open and maintain a Share Account with a minimum of $5.00 to open a Share/IRA Certificate.
