Loan Rates
Car, Truck & Motorcycle Loans
Term
24 Months
36 Months
48 Months
60 Months
72 Months
84 Months
Floor Rate
2.00%
2.25%
2.40%
2.50%
3.25%
4.25%
Age of Collateral
1. Add
1.0% to above rates on model years 2013 – 2014
2. Add
1.5% to above rates on model years 2010 – 2012
3. Add
2.0% to above rates on model years 2009 and older
4. Actual
rate may be affected by applicant's credit score, according to the
credit union's tiered-rate loan policy. And is not to be lower
than the “Floor” rate.
Loan To Value – Adjust the above rates for both Loan to Retail Value as it is reported on Visualgap.com
Below
80% LTV
80-90% LTV
91-100% LTV
101-110% LTV
111-120%
LTV
121%+ LTV
-1.00%
-.50%
Floor Rate
+.50%
+2.00%
+3.00%
Minimum qualifications for 72 & 84 month financing are: Members must have 1) have a credit score of 640 or more 2) at least 3 years on the job, to obtain a loan automobile with a 72 or 84 month maturity. Minimum loan amount is $20,000.00 or more. The credit bureau score, time on the job, and minimum balance restrictions can be waived by the loan officer if the member makes a down payment on the car of 25% or more (not to include any rebates) if, in their judgment, those factors are mitigated thereby.
2nd MORTGAGES FIXED RATE
4.50%
60 - 84 MO
5.50% 84 - 180 MO**
Mortgage Loan
fees: Appraisal, at least $250.00, Flood Cert.
$15.00, Lien Search $75.00,
Open End Mortgage $151.00
(we now use only Open End Mtgs), Mortgage Loan Document Fee
$100.00
Total approximately $591.00
HOME EQUITY LOANS - PRIME RATE MINUS .25% (Your rate could be higher based on your Credit Bureau Score)
1st MORTGAGE
*Owner
Occupied
Interest rates are subject to change daily.
Please contact a loan officer for details.
*Non-Owner
Occupied
Interest
rates are subject to change daily. Please contact a loan
officer for details.
Rates
will be adjusted based on a borrower's credit worthiness and LTV
guidelines set forth in the credit union's Loan Policy and
Underwriting Guidelines.
Some additional
Real Estate Loan fees will apply.
Other Loan Rates
Secured by Shares
2.50% above the share rate. Maximum maturity is 60 Months.
Secured by Certificate
2.50% above the share rate. Maximum maturity is 60 Months. Certificate continues to roll.
Signature Loan
6.90% - 24 Month Max
Maturity
7.90% - 36 Month Max Maturity
8.90% - 48-60 Month
Max Maturity
Maximum Combined Unsecured Loan: $50,000.00
As low as 6.9% (Your
rate could be higher based on your Credit Bureau Score).
NO
ANNUAL FEE
The trade area for Auto Loans is the State of Ohio. Falls Catholic Credit Union does not presently finance recreational vehicles, boats, farm equipment, lawn mower tractors or livestock. All loans include a late charge after 10 days of the greater of 5% of the payment or $5. Loan rates are tiered according to individual credit qualifications.
This loan rate schedule was approved by the Board of Directors 11/29/16 and will become effective on 12/1/16.
