1Mortgage: Rates and terms based on credit criteria; your rate may differ. All loans subject to credit approval. Fixed-Rate Loans: The interest rate charged and the APR are constant for the life of the loan. There are still certain costs such as mortgage points, appraisal, title, and loan processing fees, etc. associated with “no money down”/100% financing mortgage loans. Members should consult a tax adviser for information regarding the deductibility of interest and charges. Minimum/Maximum Refinance Loan Amount: The minimum refinance loan amount is $150,000. Maximum loan amounts are determined by your county’s conforming loan limit. Finance charges begin on the date the loan is made. Interest will continue to accrue until the first payment has been received, which is due within 30 days of settlement but subject to change. Payment Example: Assuming a $250,000 loan amount, a 30-year term, and a mortgage rate of 6.250% (6.508% APR), you would make 360 monthly payments of $1,539.29.00. Mortgage examples do not include amounts for taxes, insurance premiums, etc. Therefore, the actual payment obligation will be greater. Offer subject to change without notice. Consumer mortgage loans only. FedChoice NMLS # 399841 provides mortgage loans by partnership with myCUmortgage, LLC. NMLS # 565434.
2If including warranty products, financing allowed up to 125% of NADA Clean Retail. Other conditions may apply. Some members may be required to put some funds towards the purchase of their vehicle. FedChoice Federal Credit Union’s normal underwriting requirements apply.
3 Par Value for FedChoice Membership is $5.00. For anyone who joins FedChoice as a new member, FedChoice will have $25.00 deposited (bonus) into their Main Share Savings Account. This deposit will cover the par value for joining FedChoice. Par Value is required to earn dividends and avoid maintenance fee charges. New members must meet membership eligibility requirements. Visit fedchoice.org/join/membership-eligibility for details. The $25 bonus will be paid within 21 days of account opening and will be deposited in the Main Share Savings Account.
4With Cash Back Checking, the maximum award of .50% cash back on debit transactions exceeding the minimum required amount (up to $25.00 per monthly qualification cycle) may be earned. The minimum balance required for all checking and debit card accounts is zero ($0.00). Fees could reduce earnings. Refer to the FedChoice Membership and Account Agreement posted on our website for details regarding applicable activity requirements.
5Member must be employed by a federal agency. Verification of employment will be required and there is a required amount of disposable income. Additional underwriting requirements may apply.
6 Application and disbursal for Signature and/or Auto Loans must be made within the first 90 days of membership. Some members may only receive a partial discount on an auto loan in accordance with FedChoice Federal Credit Union's rate floor policy. All credit is subject to approval. FedChoice normal underwriting requirements apply. This discount may not be combined with any other offers. Please speak with a Financial Service Advisor for full terms and conditions in relation to this offer. Not everyone will qualify for the lowest loan rates. Final rate will be determined by creditworthiness of the applicant.
7 Eligibility for using our Mobile Deposit service via the FedChoice app may be based on qualifications associated with your FedChoice account history. Contact us for additional details
8 Variable rate for the Gold Home Equity Line-of-Credit is based on The Wall Street Journal Prime. Rate adjusted monthly. The Gold Home Equity Line-of-Credit is subject to a floor of 3.50% APR. Not all applicants will qualify for the lowest rate. The Smart Choice Home Equity Loan and the HELOC must be secured by the owner-occupied primary residence. Homeowner’s insurance is required. All loans are subject to credit approval. The amount borrowed for renovation together with any other mortgages cannot exceed 90% of the after-renovation property value on 1-to-4 family owner-occupied primary properties. Among the ineligible property types are investment properties (defined as non-owner-occupied), co-ops, mobile homes, and manufactured houses. Homeowners property insurance is required. Flood insurance may be required. Fees and charges may apply. Membership eligibility is required.