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SAFE Credit Union

SAFE Rates

Mortgage Purchase Rates & Disclosures

Rates effective as of

We do business in accordance with Federal fair housing laws, including the Equal Credit Opportunity Act. All rates and points are subject to change without notice. No rate is guaranteed until there is a valid rate lock. Rates displayed are for a 60-day rate lock period. Additional rate lock periods are available. Payments shown do not include taxes or insurance. Actual payments may be greater. Log on to SAFE's website at www.safecu.org for current rates or to apply for a loan online.

Rates shown are for informational purposes only and are based on a single-family detached property with a minimum credit score of 740, 60% loan-to-value (LTV), owner-occupied property located in California with a qualified borrower. Not all borrowers will qualify. Certain rate and/or point adjustments may apply depending on loan features and borrower's credit. Maximum LTV will vary by product. Additional restrictions and conditions may apply.

Fixed-Rate Mortgage1
 
Rate
Points %
APR2
Payment Example3
30-Year Fixed4
 
20-Year Fixed4
 
15-Year Fixed4
 
10-Year Fixed4
 
30-Year-Fixed
SAFE Alternative5,6
 
15-Year-Fixed
SAFE Alternative5,6
 
1 Maximum loan amount of $484,350. Mortgage insurance is not required when LTV is 80% or less. 2 APR = Annual Percentage Rate. 3 Payment based on $100,000 loan amount. 4 Pricing shown at 60% LTV and program allows up to 97% LTV. 5 Pricing shown at 60% LTV and program allows up to 80% LTV. 6 SAFE Alternative allows 24 months seasoning for a short sale, foreclosure, or bankruptcy discharge.
 
Adjustable-Rate Mortgage1
 
Rate
Points %
APR2
 
10/1 ARM 3,4
Loan amount
$100,000
Term
30 yrs
First Cap
5.00%
Subsequent Cap
2.00%
Lifetime Cap
5.00%
Year
Interest Rate
APR
Monthly Payment
1
11
 
Loan amount
$100,000
Term
30 yrs
First Cap
5.00%
Subsequent Cap
2.00%
Lifetime Cap
5.00%
Year
Interest Rate
APR
Monthly Payment
1
11
7/1 ARM 3,4
Loan amount
$100,000
Term
30 yrs
First Cap
5.00%
Subsequent Cap
2.00%
Lifetime Cap
5.00%
Year
Interest Rate
APR
Monthly Payment
1
8
 
Loan amount
$100,000
Term
30 yrs
First Cap
5.00%
Subsequent Cap
2.00%
Lifetime Cap
5.00%
Year
Interest Rate
APR
Monthly Payment
1
8
5/1 ARM 3,4
Loan amount
$100,000
Term
30 yrs
First Cap
2.00%
Subsequent Cap
2.00%
Lifetime Cap
5.00%
Year
Interest Rate
APR
Monthly Payment
1
6
 
Loan amount
$100,000
Term
30 yrs
First Cap
2.00%
Subsequent Cap
2.00%
Lifetime Cap
5.00%
Year
Interest Rate
APR
Monthly Payment
1
6
5/5 ARM 3,5
Loan amount
$100,000
Term
30 yrs
First Cap
2.00%
Subsequent Cap
2.00%
Lifetime Cap
6.00%
Year
Interest Rate
APR
Monthly Payment
1
6
 
Loan amount
$100,000
Term
30 yrs
First Cap
2.00%
Subsequent Cap
2.00%
Lifetime Cap
6.00%
Year
Interest Rate
APR
Monthly Payment
1
6
1 Maximum loan amount of $484,350. Mortgage insurance is not required when LTV is 80% or less. 2 APR = Annual Percentage Rate. 3 Pricing shown at 60% LTV and program allows up to 97% LTV. 4 5/1, 7/1 and 10/1 ARM rates are variable, may increase or decrease during the life of the loan, and are indexed to the weekly average of the 1-Year Constant Maturity Treasury Rate with a margin of 2.75%. ARM loans are amortized over a 30-year term. 5/1 ARMs are fixed for the first 5 years, subject to change annually thereafter. 7/1 ARMs are fixed for the first 7 years, subject to change annually thereafter. 10/1 ARMS are fixed for the first 10 years, subject to change annually thereafter. 5 5/5 ARM rate is variable, may increase or decrease during the life of the loan, and is indexed to the 5-Year Constant Maturity Treasury Rate with a margin of 2.25%. The 5/5 ARM loan is amortized over a 30-year term. The rate is fixed for the first 5 years, subject to change every five years thereafter.
 
Jumbo Fixed-Rate Mortgage1
 
Rate
Points %
APR2
Payment Example3
30-Year Fixed4
 
15-Year Fixed4
 
30-Year Fixed
SAFE Alternative5,6
 
1 Maximum loan amount of $2,000,000. 2 APR = Annual Percentage Rate. 3 Payment based on $500,000 loan amount. 4 Pricing shown at 60% LTV and program allows up to 80% LTV. 5 Pricing shown at 60% LTV and program allows up to 75% LTV. 6 SAFE Alternative allows 24 months seasoning for a short sale, foreclosure, or bankruptcy discharge. Maximum loan amount of $1,000,000.
 
Jumbo Adjustable-Rate Mortgage1
 
Rate
Points %
APR2
 
10/1 ARM Jumbo3,4
Loan amount
$500,000
Term
30 yrs
First Cap
5.00%
Subsequent Cap
2.00%
Lifetime Cap
5.00%
Year
Interest Rate
APR
Monthly Payment
1
11
 
Loan amount
$500,000
Term
30 yrs
First Cap
5.00%
Subsequent Cap
2.00%
Lifetime Cap
5.00%
Year
Interest Rate
APR
Monthly Payment
1
11
7/1 ARM Jumbo3,4
Loan amount
$500,000
Term
30 yrs
First Cap
5.00%
Subsequent Cap
2.00%
Lifetime Cap
5.00%
Year
Interest Rate
APR
Monthly Payment
1
8
 
Loan amount
$500,000
Term
30 yrs
First Cap
5.00%
Subsequent Cap
2.00%
Lifetime Cap
5.00%
Year
Interest Rate
APR
Monthly Payment
1
8
5/1 ARM Jumbo3,4
Loan amount
$500,000
Term
30 yrs
First Cap
2.00%
Subsequent Cap
2.00%
Lifetime Cap
5.00%
Year
Interest Rate
APR
Monthly Payment
1
6
 
Loan amount
$500,000
Term
30 yrs
First Cap
2.00%
Subsequent Cap
2.00%
Lifetime Cap
5.00%
Year
Interest Rate
APR
Monthly Payment
1
6
5/5 ARM Jumbo3,5
Loan amount
$500,000
Term
30 yrs
First Cap
2.00%
Subsequent Cap
2.00%
Lifetime Cap
6.00%
Year
Interest Rate
APR
Monthly Payment
1
6
 
Loan amount
$500,000
Term
30 yrs
First Cap
2.00%
Subsequent Cap
2.00%
Lifetime Cap
6.00%
Year
Interest Rate
APR
Monthly Payment
1
6
1 Maximum loan amount of $2,000,000. 2 APR = Annual Percentage Rate. 3 Pricing shown at 60% LTV and program allows up to 80% LTV. 4 5/1, 7/1 and 10/1 ARM rates are variable, may increase or decrease during the life of the loan, and are indexed to the weekly average of the 1-Year Constant Maturity Treasury Rate with a margin of 2.75%. ARM loans are amortized over a 30-year term. 5/1 ARMs are fixed for the first 5 years, subject to change annually thereafter. 7/1 ARMs are fixed for the first 7 years, subject to change annually thereafter. 10/1 ARMS are fixed for the first 10 years, subject to change annually thereafter. 5 5/5 ARM rate is variable, may increase or decrease during the life of the loan, and is indexed to the 5-Year Constant Maturity Treasury Rate with a margin of 2.25%. The 5/5 ARM loan is amortized over a 30-year term. The rate is fixed for the first 5 years, subject to change every five years thereafter.
 
No Mortgage Insurance Above 80% LTV
 
Rate
Points %
APR1
 
10/1 ARM
No mortgage insurance2,3,4
Loan amount
$100,000
Term
30 yrs
First Cap
5.00%
Subsequent Cap
2.00%
Lifetime Cap
5.00%
Year
Interest Rate
APR
Monthly Payment
1
11
 
Loan amount
$100,000
Term
30 yrs
First Cap
5.00%
Subsequent Cap
2.00%
Lifetime Cap
5.00%
Year
Interest Rate
APR
Monthly Payment
1
11
7/1 ARM
No mortgage insurance2,3,4
Loan amount
$100,000
Term
30 yrs
First Cap
5.00%
Subsequent Cap
2.00%
Lifetime Cap
5.00%
Year
Interest Rate
APR
Monthly Payment
1
8
 
Loan amount
$100,000
Term
30 yrs
First Cap
5.00%
Subsequent Cap
2.00%
Lifetime Cap
5.00%
Year
Interest Rate
APR
Monthly Payment
1
8
10/1 ARM Jumbo
No mortgage insurance3,4
Loan amount
$500,000
Term
30 yrs
First Cap
5.00%
Subsequent Cap
2.00%
Lifetime Cap
5.00%
Year
Interest Rate
APR
Monthly Payment
1
11
 
Loan amount
$500,000
Term
30 yrs
First Cap
5.00%
Subsequent Cap
2.00%
Lifetime Cap
5.00%
Year
Interest Rate
APR
Monthly Payment
1
11
7/1 ARM Jumbo
No mortgage insurance3,4
Loan amount
$500,000
Term
30 yrs
First Cap
5.00%
Subsequent Cap
2.00%
Lifetime Cap
5.00%
Year
Interest Rate
APR
Monthly Payment
1
8
 
Loan amount
$500,000
Term
30 yrs
First Cap
5.00%
Subsequent Cap
2.00%
Lifetime Cap
5.00%
Year
Interest Rate
APR
Monthly Payment
1
8
1 APR = Annual Percentage Rate. 2 Maximum loan amount of $484,350. 3 Pricing shown at 60% LTV and program allows up to 90% LTV. 4 5/1, 7/1 and 10/1 ARM rates are variable, may increase or decrease during the life of the loan, and are indexed to the weekly average of the 1-Year Constant Maturity Treasury Rate with a margin of 2.75%. ARM loans are amortized over a 30-year term. 5/1 ARMs are fixed for the first 5 years, subject to change annually thereafter, and have the following interest rate adjustment caps: 2% maximum initial adjustment, 2% maximum on adjustments thereafter, and 5% lifetime interest rate increase cap. 7/1 ARMs are fixed for the first 7 years, subject to change annually thereafter, and have the following interest rate adjustment caps: 5% maximum initial adjustment, 2% maximum on adjustments thereafter, and 5% lifetime interest rate increase cap. 10/1 ARMS are fixed for the first 10 years, subject to change annually thereafter, and have the following interest rate adjustment caps: 5% maximum initial adjustment, 2% maximum on adjustments thereafter, and 5% lifetime interest rate increase cap.
 
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