Seattle Metropolitan Credit Union - Products & Services

Loan Rates To apply online for a consumer loan, click here.

With SMCU's personalized lending program, your credit history, down payment amount, loan term, and other factors determine your auto or home equity loan rate. More members will now be able to receive loans consistent with their credit qualifications-at rates that are usually better than those at banks. SMCU Loan Tools: Calculate Loan Payments with our loan
Vehicle	Up to 80% Loan-to-Value		80.01% to 100% Loan-to-Value
Term	Variable*	Fixed*	Variable*	Fixed*
New/Used, 3 - 6 Year Term	2.875% - 9.875%	3.875% - 10.875%	3.375% - 8.375%	4.375% - 11.375%
Boat/RV	Up to 80% Loan-to-Value		80.01% to 100% Loan-to-Value
Term	Variable*	Fixed*	Variable*	Fixed*
Boat/RV, 3 - 15 Year Term	4.50 - 11.50%	5.50 - 12.50%	5.00 - 10.00%	6.00 - 11.00%

Consumer	Variable*	Fixed*
MoneyLine/Signature	13.50%	N/A
Other Secured	9.75%	10.75%
Mobile Home	8.00%	9.00%
VISA^Ž		Variable*
VISA Classic		8.99% - 17.99%
VISA Gold ($25 annual fee)

VISA Platinum
Home Equity	Variable*	Fixed*
Loan-to-Value 80% or less	4.75% - 12.25%	6.00% - 13.50%
Loan-to-Value 80.01% to 90%	5.75% - 14.25%	7.00% - 15.50%
Loan-to-Value 90.01% to 100%	6.75% - 7.25%	8.00% - 8.50%
Home Equity Platinum VISA Account	Variable*
Loan-to-Value 90% or less	5.00% - 9.00%
Loan-to-Value 90.01% to 100%	6.00% - 7.00%

*All rates are expressed as Annual Percentage Rate (APR). Variable rates subject to increase after consummation of loan.
Rates, terms and conditions subject to change without notice. Contact the Call Center for the most current rates.
Home Equity Payment Examples, Vehicle, Boat, RV, Consumer Loan Payment Examples.

First Mortgage Rates
Rates valid until 5pm of effective date only.
To apply online for an SMCU mortgage, click here.

Effective Date
1/20/2005

Loan Type

25 Day

Rate lock available after appraisal

55 Day

Only Rate lock available at application

1% Origination Fee

0% Origination Fee

1% Origination Fee

0% Origination Fee

Fixed Rate Loans

Rate

APR

Rate

APR

Rate

APR

Rate

APR

30 year Fixed

5.375%

5.511%

5.625%

5.671%

5.375%

5.511%

5.625%

5.671%

FHA 30 year Fixed

5.625%

6.550%

5.625%

6.550%

VA 30 year Fixed

5.625%

6.405%

5.750%

6.532%

20 year Fixed

5.125%

5.307%

5.375%

5.436%

5.125%

5.307%

5.500%

5.561%

15 year Fixed

4.750%

4.979%

5.000%

5.076%

4.875%

5.104%

5.125%

5.201%

FHA 15 year Fixed

5.000%

5.965%

5.000%

5.965%

VA 15 year Fixed

5.000%

5.965%

5.500%

6.472%

10 year Fixed

4.750%

5.077%

5.000%

5.109%

4.875%

5.203%

5.125%

5.234%

Interest 1^st 10/20

5.625%

5.748%

5.875%

5.917%

5.625%

5.748%

5.875%

5.917%

Interest 1^st 15/15

5.625%

5.743%

5.875%

5.915%

5.625%

5.743%

5.875%

5.915%

5/25 Balloon/Reset

4.750%

5.104%

5.250%

5.368%

4.750%

5.104%

5.375%

5.494%

7/23 Balloon/Reset

5.000%

5.271%

5.500%

5.591%

5.000%

5.271%

5.750%

5.841%

Construction Loan
2.5% Origination Fee

5.875%

6.159%

5.875%

6.159%

Adjustable Rate Loans

1 year ARM

4.250%

5.183%

4.250%

5.183%

FHA 1 year ARM

3.875%

5.109%

4.000%

5.120%

3/1 ARM

4.625%

5.138%

5.375%

5.230%

4.625%

5.138%

5.750%

5.322%

5/1 ARM

5.125%

5.259%

5.625%

5.360%

5.125%

5.259%

5.750%

5.408%

7/1 ARM

5.375%

5.385%

5.750%

5.483%

5.375%

5.385%

5.875%

5.547%

10/1 ARM

5.625%

5.587%

6.125%

5.825%

5.750%

5.669%

6.250%

5.909%

For Jumbo loans (over $333.700), add .25% to the rate.

Reference

60 day conversion rate

5.380%

1 year T Bill

2.850%

*All rates are expressed as Annual Percentage Rate (APR). APR reflects any prepaid finance charges. Variable rates subject to increase after consummation of loan. Rates, terms and conditions subject to change without notice.
First Mortgage Payment Examples.

Deposit Rates

Effective Date
1/12/2005

Savings

Minimum Balance to obtain APY

Dividend Rate

APY*

Savings

1.00%

1.00%

IRA Savings

1.50%

1.51%

Money Market

$1,000

1.25%

1.26%

Money Market Plus

$25,000

1.40%

1.41%

Checking

Dividend Rate

APY*

Classic Checking

0.50%

0.50%

Free + Checking

---

---

Share Certificates Terms **

Minimum Balance to obtain APY

Dividend Rate

APY*

6 - 12 months

$1,000

2.20%

2.22%

12 - 18 months

$1,000

2.60%

2.63%

18 - 24 months

$1,000

2.80%

2.84%

2-3 years

$1,000

3.25%

3.30%

3-4 years

$1,000

3.50%

3.56%

4-5 years

$1,000

3.95%

4.03%

5 years

$1,000

4.20%

4.29%

IRA 6 - 12 months

$1,000

2.20%

2.22%

IRA 12 - 18 months

$1,000

2.60%

2.63%

IRA 18 - 24 months

$1,000

2.80%

2.84%

IRA 2-3 years

$1,000

3.25%

3.30%

IRA 3-4 years

$1,000

3.50%

3.56%

IRA 4-5 years

$1,000

3.95%

4.03%

IRA 5 years

$1,000

4.20%

4.29%

Jumbo Certificate Terms **

Minimum Balance to obtain APY

Dividend Rate

APY*

Jumbo 2-4 months

$50,000

1.10%

1.11%

Jumbo 4-6 months

$50,000

2.50%

2.53%

*APY = Annual Percentage Yield.
**A penalty will be imposed for early withdrawal.
Rates can change without notice. Rates on savings, money markets, and checking accounts may change after account opening. Account fees may reduce earning on the account. Contact the Call Center for the most current rates. Try our loan calculator.

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