Mortgage Rates
The rates we offer shown below are examples effective as of Oct 18, 2018, and not intended to be inclusive or a commitment to the pricing for which you may qualify. For additional information and rates for loan amounts less than $100,000 please call 1-888-4WESCOM (1-888-493-7266).
Fixed-Rate Mortgages
| Loan | Rate | Points | APR |
|---|---|---|---|
Conforming Fixed Rates ($100,000 - $453,100) |
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| 30 -Year | 4.875% | 0.000 | 4.925% |
| 30 -Year | 4.750% | 1.000 | 4.888% |
| 20 -Year | 4.750% | 0.000 | 4.818% |
| 20 -Year | 4.500% | 1.000 | 4.687% |
| 15 -Year | 4.375% | 0.000 | 4.461% |
| 15 -Year | 4.125% | 1.000 | 4.361% |
High Balance Fixed Rates ($453,101 - $679,650)* |
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| 30-Year | 5.250% | 0.000 | 6.600% |
| 15-Year | 5.125% | 0.500 | 6.520% |
Jumbo Fixed Rates ($679,651 - $1,500,000)** |
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| 30-Year | 4.875% | 0.000 | 4.926% |
| 15-Year | 4.375% | 0.000 | 4.463% |
Adjustable Rate Mortgages
| Loan | Rate | Points | APR | Index | Margin |
|---|---|---|---|---|---|
Special Offer Adjustable Rate Mortgage |
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| 5/1 Fixed to ARM1, 2 (Loans up to $1,000,000) |
3.500% | 0.000 | 4.411% | 1 YR Libor | 2.250 |
Adjustable Rate Mortgages (Loans up to $1,000,000) |
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| 5/1 Fixed to ARM 2 | 3.750% | 0.000 | 4.490% | 1 YR Libor | 2.250 |
| 7/1 Fixed to ARM 3 | 4.125% | 0.000 | 4.610% | 1 YR Libor | 2.250 |
| 10/1 Fixed to ARM 4 | 4.125% | 0.000 | 4.338% | 1 YR Libor | 2.250 |
| 15/15 Fixed to ARM 5 | 4.750% | 0.000 | 4.845% | 10 YR CMT | 1.250 |
Jumbo Adjustable Rate Mortgages ($1,000,001 to $1,500,000)** |
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| 5/1 Fixed to ARM 2 | 3.990% | 0.000 | 4.503% | 1 YR Libor | 2.250 |
| 7/1 Fixed to ARM 3 | 4.375% | 0.000 | 4.665% | 1 YR Libor | 2.250 |
| 10/1 Fixed to ARM 4 | 4.375% | 0.000 | 4.437% | 1 YR Libor | 2.250 |
| 15/15 Fixed to ARM 5 | 4.990% | 0.000 | 5.004% | 10 YR CMT | 1.250 |
* High Balance loan limits were established under the provisions of the Housing and Economic Recovery Act of 2008 and are specific to county. View the list of CA county limits.
** Loan amounts greater than $1,000,000 are subject to additional rate adjustment.
1 The special offer adjustable rate mortgage is available on single-family, primary residences only. A minimum FICO Score of 720 is required. Maximum loan amount of $1,000,000. Maximum LTV/CLTV 75%. The initial rate adjustment will not exceed 2.00% and each subsequent rate adjustment will not exceed 2.00%. The maximum rate and APR increase over the life of the loan period is 5.00% from the start rate. Monthly payments may increase corresponding to changes to the rate.
2 The rate and APR is fixed for the first five years and adjusts annually thereafter. The initial rate adjustment will not exceed 2.00% and each subsequent rate adjustment will not exceed 2.00%. The maximum rate and APR increase over the life of the loan period is 5.00% from the start rate. Monthly payments may increase corresponding to changes to the rate.
3 The rate and APR is fixed for the first seven years and adjusts annually thereafter. The initial rate adjustment will not exceed 5.00% and each subsequent rate adjustment will not exceed 2.00%. The maximum rate and APR increase over the life of the loan period is 5.00% from the start rate. Monthly payments may increase corresponding to changes to the rate.
4 The rate and APR is fixed for the first ten years and adjusts annually thereafter. The initial rate adjustment will not exceed 5.00% and each subsequent rate adjustment will not exceed 2.00%. The maximum rate and APR increase over the life of the loan period is 5.00% from the start rate. Monthly payments may increase corresponding to changes to the rate.
5 The rate and APR is fixed for the first fifteen years and adjusts once thereafter. The rate adjustment will not exceed 6.00%. The maximum rate and APR increase over the life of the loan period is 6.00% from the start rate. Monthly payments may increase corresponding to the change to the rate.
FHA Mortgages
| Loan | Rate | Origination Points | Discount Points | APR |
|---|---|---|---|---|
FHA Conforming Fixed Rates (Loans up to $453,100) |
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| 30-Year | 4.750% | 0.00 | 1.125 | 6.198% |
| 30-Year | 4.875% | 0.00 | 0.750 | 6.293% |
FHA Jumbo Fixed Rates ($453,101 to $636,150) |
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| 30-Year | 4.500% | 0.00 | 3.750 | 6.076% |
| 30-Year | 4.625% | 0.00 | 3.625 | 6.199% |
APR=Annual Percentage Rate. Interest Rates, points, and APRs listed above are not guaranteed and subject to change. Loan subject to credit approval and program guidelines.
FHA loans require that the home financed is your primary residence. FHA home loans have maximum mortgage limits that vary by state and county guidelines. Interest rate will depend on various factors including loan product, loan amount, credit profile, property value, geographic location, occupancy and other factors.
A minimum down payment of 3.5 % is required, with a maximum LTV of 96.5%. Upfront mortgage insurance premium (UFMIP) of 1.75% of the loan amount is required by FHA. UFMIP may be financed or paid in cash. FHA loans also require monthly mortgage insurance premium payments. An escrow account is required for property taxes, homeowner’s insurance and monthly mortgage insurance premium payments.
FHA Mortgages are processed by Wescom Central Credit Union, a state chartered credit union under the California Department of Business Oversight. NMLS 999430.
For additional information on FHA loans please call 1-888-493-7266 Ext. 5900.