Loan Rates

TruNorth offers a wide range of in-house mortgage options to help you find the best solution for your new home purchase. We offer fixed rate, balloon, and adjustable rate mortgages. Give us a call for more information! (906) 485-1210 ext. 8006

Please contact our office at (906) 485-1210 ext. 8006 for our current adjustable HELOC rates.

Rates Updated:

Term	Rate	APR	Monthly Payment
5 Year Fixed	5.30%	5.30%	$950.55
7 Year Fixed	5.80%	5.80%	$725.75
10 Year Fixed	6.00%	6.00%	$555.22

*The information provided assumes a loan amount of $50,000. All loans subject to credit approval. Annual percentage rates (APR) shown are subject to change without notice. Advertised rates assume loan to value is no higher than 80%. Borrower is responsible for closing costs. Rate is fixed for the term of the loan. Property insurance is required, and, if applicable, flood insurance will be required. Minimum loan amount is $5,000. Fixed APR’s (annual percentage rates) do not include processing fee. APR’s may vary due to loan amount and term. Limited to MI properties only. Other restrictions may apply. Ask for details.

Rates Updated:

Term	APR	Monthly Payment per $1,000	Requirement
24 months	6.00%	$44.33
36 months	6.10%	$30.47
48 months	6.30%	$23.63
60 months	6.50%	$19.57
72 months	6.70%	$16.92	Some restrictions may apply.
84 months	6.85%	$15.03	Some restrictions may apply.

Rates Updated:

Term	APR	Monthly Payment per $1,000	Requirement
24 months	6.00%	$44.33
36 months	6.10%	$30.47
48 months	6.30%	$23.63
60 months	6.50%	$19.57
72 months	6.70%	$16.92
84 months	6.85%	$15.03	NEW ONLY
120 months	7.35%	$11.80	NEW ONLY; Fixed $30,000+

Rates Updated:

Term	APR	Monthly Payment per $1,000	Maximum
36 months	10.85%	$32.68	$25,000
48 months	11.35%	$26.03	$25,000
60 months	11.60%	$22.05	$25,000
72 months	11.85%	$19.48	$25,000
VISA (revolving)	11.90%		$20,000 (no annual fee)

Total combined any purpose loan balance and VISA limit may not exceed $35,000.

Rates Updated:

Term	APR	Monthly Payment per $1,000
Up to 36 months	2.85%	$29.02
Up to 72 months	3.35%	$15.36

Well qualified members save even more. A credit score of 700-775 earns an additional .50% rate reduction on our any purpose, vehicle, RV, boat or motorcycle loan. A full 1.0% rate discount applies for borrowers with credit scores of 776 or higher. The rates posted are for credit scores of 650 – 699. We use FICO Classic 09 to determine credit scores. This discount applies to all loans except VISA, Home Equity and Mortgage.

Programs, rates, terms and conditions are subject to change without notice. Any borrower or co-borrower must establish membership with TruNorth Federal Credit Union.