Limited Time Offer

Promotion runs February 15, 2017 – June 30, 2017

PAYMENT EXAMPLE:
Conventional 6/1 ARM
Loan Amount – $200,000
Interest Rate – 2.99%
APR – 3.716%
Loan Term – 30 Years
Monthly Payment – $842.13 for Initial 6 Year Term
 

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GENERAL INFORMATION
*Information displayed is accurate as of February 15, 2017 and is subject to change without notice. Loan pricing can only be locked through a BHFCU mortgage representative. Other restrictions may apply. Due to regulations, certain products may not be available in all areas. The monthly payment amount displayed includes principal and interest. The payment amount does not include homeowner’s insurance, property taxes or additional escrow items that must be paid in addition to your loan payment. The displayed Annual Percentage Rate (APR) reflects the interest rate and approximate cost of prepaid finance charges but does not include other closing costs or discount points. The approximate cost of prepaid finance charges does not constitute and is not a substitute for the Loan Estimate (LE). The actual fees, costs, and monthly payment on your specific loan transaction may vary. Stated rates are our lowest rate available for the term shown. Your loan’s interest rate will depend upon the specific characteristics of your loan and your credit profile up to the time of closing. Eligible property must be located within the Credit Union Trade Area and includes 1-4 Family Dwelling Units, Planned Unit Developments and Condominiums. The max loan amount is $417,000 and the calculations provided assume an 80% loan to value. All properties must be Owner-Occupied Primary Residences. Manufactured homes are not eligible. Other rates, terms and programs are available. This is not a mortgage loan approval or commitment to lend. Call 605.718.1818 or 800.482.2428 for more information. Black Hills Federal Credit Union membership is required.

ADJUSTABLE RATE MORTGAGES (ARM)
Interest rates and payments may increase after consummation. After the initial fixed-rate period, your interest rate can increase or decrease annually according to the market index. Any change may significantly affect your monthly payment. For conforming ARM interest rates at the time of adjustment, your new mortgage rate will be the Wall Street Journal’s published one-year London Interbank Offered Rate (LIBOR) plus a margin of 2.25%, rounded to the nearest .125%. This loan is subject to annual and lifetime adjustment caps.

OFFER FOR A LIMITED TIME
Applications taken between February 15, 2017 and June 30, 2017. Loan must close within 60 days of signed application date.