* The Five Star Mortgage is available on primary residences located in Maryland, Delaware, Virginia, West Virginia, Pennsylvania and Washington, DC. Subject to underwriting approval and APL FCU membership eligibility. Available for new business only. Members with current in-house first mortgage loans and seconds not eligible. Appraisal required and an application fee applies. LTV limit of 80%, with CLTV limit of 90%.
Terms: 3.875% introductory rate; 0 points. Member allowed to escrow with 80% LTV and 0.125 point cost. Lock-in period of 50 days. Interest only not allowed. Minimum financing amount $100,000. Floor Rate: 2.875%. Index: 1 Yr CMT. Margin: 2.875%. Rate Cap: 2/5 (2% maximum per adjustment period, 5% maximum above the initial interest rate over the life of the loan). For more information, stop by any APL FCU branch or call 443-778-5250 to speak with a credit union representative.