*All loans subject to credit approval and some restrictions may apply. Sierra Central fees include, but are not limited to, processing fees, underwriting fees and closing documentation fees. Contact a SCCU representative for details, including more specific information about third-party fees. Rate, terms and fees subject to credit approval and can change at any time without notice. Not all applicants qualify for the lowest rate. If approved for a loan, to qualify for the lowest rate, you must have a responsible financial history and meet other conditions. Your actual rate will be within a range of rates and depend on a variety of factors, including evaluation of your credit worthiness, income and other factors.
APR = Annual Percentage Rate
First Mortgage Loan:
An interest rate is the price borrowers pay for the use of money they borrow from a lender. The term annual percentage of rate (APR) describes the interest rate for a whole year (annualized). The APR differs from the interest rate due to the addition of any closing fees paid to obtain a loan.
All mortgage rates based on a 30-day rate lock.
All loans subject to credit approval and some restrictions may apply. Rates are subject to change at any time.
LTV=Loan to Value ratio. Private mortgage insurance required for loans over 80% LTV and are subject to certain restrictions for approval.Example First Mortgage Loan: Purchase a property, with a loan amount of $194,000 and an estimated property value of $200,000, with a 3% down payment equal to $6,000. The property is in Yuba City, CA. The property is an existing single-family residence and will be used as a primary residence. The rate lock period is 60 days, and the assumed credit score is 740. At a 6.875% interest rate, the APR for this loan type is 7.107%. They payment schedule for a 30-year loan would be approximately $1,274 (Principal and Interest) per month. The monthly payment including PMI would be $1,371.
Loans over 80% LTV require mortgage insurance; if an escrow account is required or requested, the actual monthly payment will include amounts for real estate taxes and homeowners' insurance premiums.
Payment examples do not include amounts for taxes and insurance, and actual payments may be greater.Consumer fee schedule