Loans

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1ST MORTGAGE LOANS

Effective April 23, 2014
Lock Period: 45 Day

CONFORMING

Fixed LoansRateAPR*Points
30 Year Fixed Conforming4.375% 4.413% 0.000%
4.125% 4.248% 1.000%
20 Year Fixed Conforming4.125% 4.179% 0.000%
3.875% 4.042% 1.000%
15 Year Fixed Conforming3.250% 3.307% 0.000%
3.000% 3.199% 1.000%
10 Year Fixed Conforming3.125% 3.179% 0.000%
30/7 Balloon Conforming3.000% 3.019% 0.000%
ARM LoansRateAPR*Points
3/1 ARM Treasury Conforming2.625% 2.849% 0.000%
3/1 ARM LIBOR Interest Only Conforming2.625% 2.852% 0.000%
5/1 ARM Treasury Conforming2.750% 2.861% 0.000%
5/1 ARM LIBOR Interest Only2.750% 2.861% 0.000%
7/1 ARM Treasury Conforming2.875% 2.905% 0.000%
7/1 ARM LIBOR Interest Only Conforming2.875% 2.900% 0.000%

JUMBO

Fixed Jumbo LoansRateAPR*Points
30 Year Fixed Jumbo4.375% 4.413% 0.000%
4.125% 4.245% 1.000%
20 Year Fixed Jumbo4.125% 4.164% 0.000%
15 Year Fixed Jumbo3.500% 3.555% 0.000%
3.250% 3.448% 1.000%
ARM LoansRateAPR*Points
3/1 ARM Treasury Jumbo2.750% 2.871% 0.000%
3/1 ARM LIBOR Interest Only2.750% 2.871% 0.000%
5/1 ARM Treasury Jumbo2.875% 2.899% 0.000%
5/1 ARM LIBOR Interest Only Jumbo2.875% 2.895% 0.000%
7/1 ARM Treasury Jumbo3.000% 2.957% 0.000%
7/1 ARM LIBOR Interest Only Jumbo3.000% 2.947% 0.000%
ARM IndexesConforming Loan Limits
Prime**3.250%1 - Unit$417,000.00
COFI0.709% February 20142 - Unit$533,850.00
1-Year T0.11% weekly3 - Unit$645,300.00
0.13% monthly4 - Unit$801,950.00
1-Year LIBOR

0.547% year

Click Here for High-cost Area Limits    

*APR = Annual Percentage Rate. Example rate of 4.500% APR with 360 Monthly payments (30 year) = $506.69 monthly per $100,000 borrowed. The APRs listed are for illustrative purposes only; your actual APR may vary and will be determined when a credit decision is made. Adjustments may apply based upon credit history, occupancy, property type, loan-to-value percentage, and transaction type. No pre-payment penalty on early payoffs of loans. Rates, Terms and conditions are subject to change without notice.
Maximum combined Loan-to-value for owner-occupied properties is 80%. Maximum combined Loan-to-value for investment properties is 75%.
INVESTMENT PROPERTIES: For current rates & pricing, please contact our Financial Services Real Estate Officers at (415) 564-3800 or email us mortgages@sfpcu.org.
**As of March 1, 2012, the Prime Rate is 3.25%.

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2ND MORTGAGE LOANS

Effective March 3, 2014

ADVANTAGE LOAN

5 Year7 Year10 Year15 Year
RateAPR*45 DayRateAPR*45 DayRateAPR*45 DayRateAPR*45 Day
4.5004.683Cost4.8755.019Cost5.0005.106Cost5.5005.582Cost
*APR = Annual Percentage Rate. Example rate of 5.750% APR with 60 monthly payments (5 Year) = $192.17 monthly per $10,000 borrowed. Rates, Terms and conditions are subject to change without notice.
Loan limits $20,000 - $300,000. Rates apply to owner occupied properties only. Maximum combined Loan-to-value is 80%. Investment properties will have additional pricing adjustments; please call for a quote.

HOME EQUITY LINE OF CREDIT

Owner Occupied Properties
$10k - $300k
Investment Properties
$10k - $300k
Draw/Repay
Period
APR Draw/Repay
Period
APR
10-Year/20-Year3.500%*/Prime + Margin10-Year/20-YearPrime + 1.000%**
Owner Occupied:* The fixed introductory rate is 3.50% APR for the first 24 month and valid on Owner Occupied Properties only (Investment properties and/or the refinancing of an existing HELOC secured by same property are not eligible). As of March 15, 2012, the Prime Rate is 3.25%. Rates thereafter based on Prime + Margin ; The amount of the margin may vary, depending upon individual credit history; Quarterly adjustments; January, April, July, October; Floor Rate 4.00%; Ceiling Rate 15%; Maximum Combined Loan-to-value 80% Owner-occupied; A $100 inactivity fee will be imposed if the balance is $0.00 for 12 consecutive months. Administration fee: $250 if line closed within 1 year. Property insurance is required; flood insurance may be required. SFPCU will pay the flood determination, tax service, credit report and deed of trust recording fees only. The applicant will pay for all other fees, including the appraisal and title fees. Typical fees range from $200 - $1,600. Offer good for primary and second homes in California.
Investment Properties (Non-owner Occupied): **Rate based on Prime + 1.00% Margin. As of March 15, 2012, the Prime Rate is 3.25%. The amount of the margin may vary, depending upon individual credit history; Quarterly adjustments; January, April, July ,October; Floor Rate 4.00%; Ceiling Rate 15%; Maximum Combined Loan-to-value 75% Non-Owner-occupied; A $100 inactivity fee will be imposed if the balance is $0.00 for 12 consecutive months. Administration fee: $250 if line closed within 1 year. Property insurance is required; flood insurance may be required. SFPCU will pay the flood determination, tax service, credit report and deed of trust recording fees only. The applicant will pay for all other fees, including the appraisal and title fees. Typical fees range from $200 - $1,600.

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VEHICLE LOANS

Effective March 3, 2014

LoanTerms and ConditionsTermAPR As Low As*
New Auto
2013 or newer (7,500 miles or less)

Shopping for Your Next Vehicle?
Financing may include purchase price (based on cash price), tax, license, warranty, & GAP. 1-36 months1.74%
37-60 months1.99%
61-72 months2.49%
73-84 months3.49% $35k & over
Used Auto
2008 to 2013

Shopping for Your Next Vehicle?
Financing may include purchase price, tax, license, warranty & GAP, based on High Blue Book. 1-36 months1.74%
37-60 months1.99%
61-72 months2.49%
73-84 months3.49% $20k & over
Early Model Autos
1993 to 2007
100% of good value in CPI manual; Appraisal may be required. Financing may include purchase price, including tax, license, warranty, GAP, based on Low Blue Book. 1-36 months4.74%
37-60 months5.24%
First-Time Auto Buyer Loan Program
Financing may include purchase price, tax, license, GAP, based on up to 90% of Blue Book.1-60 Months5.99%
New Motorcycles
Financing may include purchase price (based on cash price), tax, license, warranty, & GAP. 1-36 months2.99%
37-60 months3.49%
Used Motorcycles
Financing may include purchase price (based on cash price), tax, license, warranty, & GAP.1-36 Months3.99%
37-60 Months4.49%
New or Used Boat/ Trailer/ Jet Ski
NEW: 80% of purchase price. USED: 75% of appraised value on private party, dealer transactions or refinance.1-60 months6.49%
61-72 months6.74%
73-84 months6.99%
85-120 months7.49% $35k & over
New or Used Motor Homes/ RVs
NEW: 90% of purchase price. USED: 80% of appraised value on private party, dealer transactions or refinance. 1-60 months6.74%
61-72 months6.99%
73-84 months7.24%
85-120 months7.49% $35k & over
New or Used Travel Trailer
NEW: 80% of purchase price. USED: 75% of appraised value on private party, dealer transactions or refinance.1-60 months6.74%
61-72 months6.99%
73-84 months7.24%
85-120 months7.49% $35k & over
New Mobile Home
80% of purchase price; fees paid out of pocket. Must be in mobile home park or private property. 180 months11.00%
Used Mobile Home
80% of purchase price or appraised value; fees paid out of pocket. Must be in mobile home park or private property. 180 months12.00%
*APR = Annual Percentage Rate. Rates quoted above assume excellent borrower history. Example rate of 1.99% APR with 60 monthly payments = $17.52 per $1,000 borrowed, assumes .25% discount for enrollment in automatic payments (fully indexed rate of 3.24%). Promotional offer valid on New, Used, and Early Model Automobiles, and New and Used Motorcycles. Out-of-state vehicles are acceptable on dealer transactions only. Internal refinances are not eligible. Your actual APR may vary and will be determined when a credit decision is made, and may be higher than the lowest rate available. Lower credit quality and non-qualification for discounts may result in higher rates. There are no pre-payment penalties on early payoff of loans. Internal refinances will have a higher interest rate. Out of State Vehicles are acceptable collateral, dealer transactions only. Rates, terms, and conditions are subject to change without notice.

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FIRST RESPONDER LOAN

Effective March 3, 2014

Loan MaximumTermAPR As Low As*
$5,0001-24 Months2.50%
Only sworn or certified First Responders are eligible for this loan. Loan funds must be used to purchase first responder equipment, uniforms, supplies, K-9 accessories, etc.
* Example rate of 2.50% Annual Percentage Rate (APR) with 24 monthly payments = $42.77 per $1,000 borrowed. Rate, terms, and conditions are subject to change without notice.

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PERSONAL LOANS

Effective March 3, 2014

LoanLoan MaximumTermAPR As Low As*
Personal Loan++ $25,0001-36 months10.49%
37-60 months11.49%
61-72 months12.99% $15k & over
Overdraft Protection $2,0001-36 months12.99%
Savings and Certificate
Secured Loans
Use your Savings or Certificate to secure a low-cost loan. The interest rate is just 3.00% above your Savings or Certificate rate. Savings Secured Loans are available for a maximum term of 60 months.
*APR = Annual Percentage Rate. Example rate of 10.49% with 36 monthly payments = $32.50 per $1,000 borrowed, assumes discount for enrollment in automatic payments (fully indexed rate of 10.74%). The Annual Percentage Rates (APR) are for illustrative purposes only. Rates quoted above assume excellent borrower history and may include a discount of .25%. To qualify for this discount you must have an SFPCU deposit account from which your monthly loan payment is deducted. Your actual APR may vary and will be determined when a credit decision is made, and may be higher than the lowest rate available. Lower credit quality, longer terms, different loan types, and non-qualification for discounts may result in higher rates. There are no pre-payment penalties on early payoff of loans. Rates, terms, and conditions are subject to change without notice; during the update and change, SFPCU will honor only its current rates. For current rates or other information, call us at 800.222.1391.
++Maximum aggregate signature loan balances can not exceed $25,000.00 per member. For more information, please contact our Loan Department at 800.222.1391.

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CREDIT CARDS

Effective January 2, 2014

Annual Percentage Rates for SF Police Credit Union VISA® Secured and Unsecured Credit Cards
Standard APR for Purchases, Balance Transfers and Cash Advances

Platinum and Affinity Visa:
9.25% - 18.00% Variable APR based on your creditworthiness.

Variable APR may adjust quarterly with the market based on the Prime Rate as published in the Wall Street Journal, Western Edition (“Index”).

Share Secured Visa: 7.50% Fixed APR

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Variable APR may adjust quarterly with the market based on the Prime Rate as published in the Wall Street Journal, Western Edition (“Index”).
Disclosure Table for SF Police Credit Union VISA Secured and Unsecured Credit Cards
Penalty APR None
How to Avoid Paying Interest on Purchases Your due date is at least 25 days after the close of each billing cycle.  We will not charge you any interest on purchases if you pay your entire balance by the due date each month.
Minimum Interest Charge None
For Credit Card Tips from the Consumer Financial Protection Bureau To learn more about factors to consider when applying for or using a credit card, visit the website of the Consumer Financial Protection Bureau at http://www.consumerfinance.gov/learnmore.

Fees
Set Up and Maintenance Fee
- Annual Fee

None
Transaction Fees
- Balance Transfer None
- Cash Advance None
- Foreign Transactions 1% of foreign transactions in US Dollars
Penalty Fees
- Late Payment $15
- Over-the-credit Limit None
- Returned Payment $25
Other Fees
- Required Insurance None

How We Will Calculate Your Balance: Average daily balance including new purchases.

Billing Rights: Information on your rights to dispute transactions and how to exercise those rights is provided in your account agreement.

 

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