Mortgage Loan Rates
(current as of May 15, 2023)
Fixed-Rate Mortgage Options
We offer a variety of affordable fixed-rate mortgage options designed to fit your needs:
- Special mortgages for military personnel.
- Little or no money down.
- Federal Housing Administration (FHA) Mortgage.
- 15- and 30-year terms with fixed monthly payments.
- No Private Mortgage Insurance (PMI) on many conventional loans.
- Personal guidance from first call to closing.
Our experience in mortgage loans prove that well informed borrowers are apt to find the loan process much smoother, less stressful, and less time consuming. Call Grand Heritage FCU at (219) 324-5220 to get pre-approved.
| 15 years APR as low as* | 20 years APR as low as* | 25 years APR as low as* |
|
|---|---|---|---|
| 1st MORTGAGE** | 6.79% | 6.99% | 7.29% |
| 1st Mortgage Special-12 Years*** | 6.49% 12 yr max | N/A | N/A |
| *Rates are based on an evaluation of credit history, so your rate may differ. | |||
| **80% Loan-To-Value Purchase or Refi from another lender | |||
| ***50% Loan-To-Value, $999 Closing Costs - New Purchase or Refi from another lender | |||
| up to 180 mos. APR as low as* | up to 240 mos. APR as low as* | up to 360 mos. APR as low as* |
|
|---|---|---|---|
| FHA | call for rates | call for rates | call for rates |
| VA | call for rates | call for rates | call for rates |
| Conventional | call for rates | call for rates | call for rates |
| *Rates are based on an evaluation of credit history, so your rate may differ. | |||
| Rates are subject to change at any time until you lock in. | |||
| Purchase or Refi from another lender | |||
2nd MORTGAGE
| up to 36 mos. APR as low as* | up to 60mos. APR as low as* | up to 120 mos. APR as low as* |
|
|---|---|---|---|
| 2nd MORTGAGE LOANS $25,000 max | 7.99% | 7.99% | 7.99% |
| 2nd MORTGAGE LOANS - 70% LTV | 8.49% | 8.49% | 8.49% |
| *Rates are based on an evaluation of credit history, so your rate may differ. | |||
| 70% combined loan to value maximum |
HOME EQUITY LINE OF CREDIT
| up to 120 mos. APR as low as* |
|
|---|---|
| HELOC | |
| *Rates are based on an evaluation of credit history, so your rate may differ. | |
| 70% combined loan to value maximum | |
The Finance Calculator calculates the type of repayment required, at the frequency requested, in respect of the loan parameters entered, namely amount, term and interest rate. The Product selected determines the default interest rate for personal loan product. The Finance Calculator also calculates the time saved to pay off the loan and the amount of interest saved based on an additional input from the customer. This is if repayments are increased by the entered amount of extra contribution per repayment period. This feature is only enabled for the products that support an extra repayment. The calculations are done at the repayment frequency entered, in respect of the original loan parameters entered, namely amount, annual interest rate and term in years. All months are assumed to be of equal length. In reality, many loans accrue on a daily basis leading to a varying number of days interest dependent on the number of days in the particular month. One year is assumed to contain exactly 52 weeks or 26 fortnights. This implicitly assumes that a year has 364 days rather than the actual 365 or 366. In practice, repayments are rounded to at least the nearer cent. However the calculator uses the unrounded repayment to derive the amount of interest payable at points along the graph and in total over the full term of the loan. This assumption allows for a smooth graph and equal repayment amounts. Note that the final repayment after the increase in repayment amount. The time saved is presented as a number of years and months, fortnights or weeks, based on the repayment frequency selected. It assumes the potential partial last repayment when calculating the savings. This amount can only be approximated from the amount of time saved and based on the original loan details. The results from this calculator should be used as an indication only. Results do not represent either quotes or pre-qualifications for the product. Individual institutions apply different formulas. Information such as interest rates quoted and default figures used in the assumptions are subject to change. **Note: For exceeding 120 no. of payments, a group of 12 payments will be combined into a single payment number for better chart visibility. The repayment amount shown using this calculator is an estimate, based on information you have provided. It is provided for illustrative purposes only and actual repayment amounts may vary. To find out actual repayment amounts, contact us. This calculation does not constitute a quote, loan approval, agreement or advice. It does not take into account your personal or financial circumstances.Calculator Information
Calculator Assumptions
Length of Month
Number of Weeks or Fortnights in a Year
Rounding of Amount of Each Repayment
Rounding of Time Saved
Amount of Interest Saved
Calculator Disclaimer
Period
Payment
Extra Payment
Interest
Balance
Calculator Disclaimer
