Mortgage Rates

HVCU has competitive home financing options. See below for some for our most popular rates and points options available.


You can lock-in your fixed interest rate for a period of up to 60 days when you submit your mortgage application, or any time up until five business days before closing. Rates are as low as shown.

Mortgage Rates

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Mortgage Type Rates Discount Points APR Apply
30-Year Fixed Rate 1 2 6.625% 0.750 6.734% 3 Apply Online
15-Year Fixed Rate 1 2 6.125% 0.875 6.321% 3 Apply Online
30-Year Fixed Jumbo 4 6.500% 0.625 6.575% 3 Apply Online
15-Year Fixed Jumbo 4 5.500% 0.875 5.658% 3 Apply Online
10/6 ARM 1 5 6.250% 0.000 6.906% 3 Apply Online
7/6 ARM 4 5 6.125% 0.000 7.105% 3 Apply Online
5/6 ARM 1 5 6.000% 0.000 7.283% 3 Apply Online
State of New York Mortgage Agency (SONYMA) 6.000% 0.000 6.508% 3 Apply Online
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Rates are accurate as of 02/26/2024 08:56 AM and are subject to change without notice.

Rates Disclosures

1 Loan Rate Assumptions:
  • Loan Amount: $300,000
  • Closing Costs: $6,000
  • Property Value: $500,000
  • Existing Lien: 0
  • In the State of: New York
  • Credit Score: 740
  • Not a Manufactured Home
  • Single Family Residence, 1 Unit, Detached
  • Primary Residence
2 As an example: A 360 month term at a fixed rate of 7.250% with a 60% LTV would be $68.22 for each $10,000 borrowed. Taxes and insurance are not included; therefore the actual payment obligation will be greater.
3 APR=Annual Percentage Rate. Actual rate may vary based on creditworthiness and down payment, if applicable. All extensions of credit are subject to credit approval. Rates shown are lowest offered for the loan products advertised. Applicants that are not approved for these loan rates or terms may be offered credit at a higher rate and/or with different terms. All rates and terms are subject to change without notice. Offer may be withdrawn at any time without notice. Contact a credit union employee for further details. Other terms and conditions may apply.
4 Jumbo Loan Rate Assumptions, 30 Year:
  • Loan Amount: $750,000
  • Closing Costs: $36,000
  • Property Value: $1,250,000
  • Existing Lien: 0
  • In the State of: New York
  • Credit Score: 740
  • Not a Manufactured Home
  • Single Family Residence, 1 Unit, Detached
  • Primary Residence
As an example, a 360 month term at a fixed rate of 7.125% at 60% LTV would be $5,502.89. Taxes and insurance are not included; therefore the actual payment obligation will be greater.
 
5 ARM =Adjustable Rate Mortgage. Rates on 10/6 ARMS are fixed for the first ten years and subsequently subject to change bi-annually. Rates on 7/6 ARMs are fixed for the first seven years and subsequently subject to change bi-annually. Rates on 5/6 ARMs are fixed for the five years and subsequently subject to change bi-annually. Adjustable rate mortgages have an annual rate cap of +/- 2.00% and a lifetime rate adjustment cap of +/- 5.00%.

ARM Loan Rate Assumptions, 7/6 ARM
  • Loan Amount: $300,000
  • Closing Costs: $6,000
  • Property Value: $500,000
  • Existing Lien: 0
  • In the State of: New York
  • Credit Score: 740
  • Not a Manufactured Home
  • Single Family Residence, 1 Unit, Detached
  • Primary Residence
As an example, a 7/6 ARM at a fixed rate of 6.625% at 60% LTV would be $1,920.93 initially, adjusting every six months after the initial term, based on an index and margin. Taxes and insurance are not included; therefore the actual payment obligation will be greater.

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