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Fixed Rate Mortgage
- Rates may change without notice
- Rate apply to primary residence purchases and refinances only.
- No down payment is required if the credit standards are met.
- See a member service representative for more details.
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Home Equity
- Rates may change without notice
- Rates are based on credit worthiness and term of loan
- Rates shown may vary up to 14.25% depending on your credit report
- Your rate will never exceed 18% or the maximum allowed by law.
- Fees for appraisals, inspections, title insurance, flood hazard determination, and recording charges, if applicable, may be paid by the borrower.
- LTV of up to 100%.
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Home Equity Line of Credit
- Annual Percentage Rate (APR) is based on the prime rate and line amount and is subject to change monthly
- Your rate will never exceed 18% or the maximum allowed by law
- The minimum credit advance you can receive is $2,500 for the first advance and $250 for each subsequent advance
- Maximum draw period is 8 years
- Repayment period is up to 20 years
- 5% penalty for late payments.
- With a draw of $10,000 in new Bronco money, Bronco pays:
- all attorney fees and closing costs if a Bronco-preferred attorney is chosen or
- if not, $200 toward your chosen attorney and any remaining closing costs
- Must maintain adequate property insurance
- Membership eligibility required
- See a Member Service Representative for more details
- See a tax advisor regarding deductability of interest.
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