Fixed Rate: the credit union kes conventional long-term fixed rate mortgages through a partnership with the Federal Home Loan Bank. Financing is limited to owner-occupied properties, either primary residences or non-rental second or vacation homes. Terms may be as long as 30 years.

Variable Rate: the credit union makes mortgage loans on a variable interest rate plan in which the rate is subject to periodic adjustment at the discretion of the the credit union Board of Directors. Financing is available on both owner-occupied and rental properties. Terms may be as long as 30 years on owner-occupied and 15 years on rentals.

Adjustable Rate: the credit union offers an adjustable rate plan. The Adjustable Rate Mortgage (ARM) is similar to our variable rate plan except that the interest rate is locked in for 3-year or 5-year periods. At the end of the fixed rate period, the rate converts to the Four Points ARM rate in effect at that time. Financing is available on both owner-occupied and rental properties. Terms may be as long as 30 years on owner-occupied and 15 years on rentals.

Four Points ARM loans differ from conventional ARM loans in that there is no external index or margin. The rate is established by the Four Points Board of Directors.

Short-Term Fixed Rate: the credit union offers in-house fixed rate mortgages for those situtations where a fully amortizing short-term loan may meet the needs of the borrower. The length of term is limited to 5 years. It is available on owner-occupied properties and rental units.

Click below for rate information on each of these plans:

• Fixed Rate
• Variable Rate
• Adjustable Rate
• Short-Term Fixed Rate