Dow Chemical Employees' Credit Union

Mortgage Loans

Wall Street Journal® Prime Rate: % ()

TYPE OF LOAN
APR*

Maximum Percent
Financed**
Maximum
Term
Maximum
Loan

Rebate Eligible Conventional First Mortgage

 
%
90
10 years
$750,000±
%
90
15 years
%
 90 20 years
%
 90 25 years
%
 90 30 years

TYPE OF LOAN
APR*
Maximum Percent
Financed**
Maximum
Term
Maximum
Loan

Non-Rebate Eligible Conventional First Mortgage

 
%
90
10 years
$417,000
%
90
15 years
%
90
20 years
%
90
25 years
%
90
30 years

 


TYPE OF LOAN
APR*
Maximum Percent
Financed**
Maximum
Term
Maximum
Loan
Balloon
%
80
3 years§
$750,000±
amortized up to 30 years
%
90
5 years
%
90
7 years

§Available only for purchase transactions



TYPE OF LOAN
APR*
Maximum Percent
Financed
Maximum
Term
Maximum
Loan
"Prime Home Equity" Line of Credit
%
(Variable)À
90
open term
$100,000

 


TYPE OF LOAN
APR*
Maximum Percent
Financed
Maximum
Term
Maximum
Loan
Home Equity Single Advance
%
90
5 years
$100,000
%
90
10 years
%
90
15 years




All Rates Subject To Change
Certain Loan Limits May Apply

NOTES:

* APR = Annual Percentage Rate
** = Purchase of PMI required for financing above 80%. Some limitations may apply
± = For loan amounts above $417,000, add 0.50% to the rate.
À = Varies quarterly based on the Wall Street Journal® Prime Rate + 0% in effect on the 25th of the month preceding the end of the calendar quarter.