Disclosures

1 APR is the Annual Percentage Rate. The stated APR is effective as of July 1, 2024. Rates may be higher based on a number of factors such as credit history, term length, etc. Rates, terms, and conditions may change at any time.

2 Mortgage Rate Relief is offered in partnership with the Federal Home Loan Bank of Des Moines. Qualified applicants will receive an approximate 2% interest rate reduction below the current market rate. This interest rate reduction only applies to 30-year fixed-rate mortgage loans. Mortgage Rate Relief may be used to purchase or refinance a borrower’s primary residence and must be a 1-4 single-family unit property. The Mortgage Rate Relief product is available to home buyers or existing homeowners earning up to 80% of area median income (AMI), determined by the Federal Housing Finance Agency’s Underserved Areas Data. All owner/occupant’s income must be considered when determining eligibility for this interest rate reduction product. This includes any income that is used to qualify for the mortgage loan. An example of a typical loan with a 20% down payment: Annual Percentage Rate (APR) of 5.374% for 360 months with monthly payments of $4.36 per $1,000. APR referenced in the example is the lowest rate available as of 6/5/2024 and may vary based on loan amount, borrower credit, loan to value, property type, occupancy, etc. Terms and rates may change at any time.

3 The calculator is provided for informational purposes only and any calculation is solely an estimate based on the information you provide. Calculations do not include amounts for taxes and insurance premiums, if applicable, and your actual payment obligation may be greater. Contact Members Cooperative Credit Union at 1-800-296-8871 for more information.

Members Cooperative Credit Union lends to Minnesota and Wisconsin residents only and property used as mortgage security must be within the states of Minnesota and Wisconsin. Membership and loan approval required. Restrictions apply.

Home Mortgage Disclosure Act Notice

The HMDA data about our residential mortgage lending are available for review. The data show geographic distribution of loans and applications; ethnicity, race, sex, and income of applicants and borrowers; and information about loan approvals and denials. Inquire at any branch office regarding the locations where HMDA data may be inspected.

Use of online or other electronic services may require specific hardware and software and your agreement to certain terms and conditions. Access is subject to the availability of the internet, cellphone and network coverage and plans, and typical service interruptions stemming from your providers or the credit union’s providers.