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Novation Credit Union offers a variety of loan programs to meet your needs. Novation's new Hands On Mortgage has all the advantages you've come to expect from your credit union including your own mortgage expert, extended rate lock and guarantee, and up-front and in-touch service.

30 Year Fixed Conventional Mortgage

15 Year Fixed Conventional Mortgage

10 Year Fixed Conventional Mortgage

5/1 ARM

7/1 ARM

30 Year Fixed (Jumbo)

15 Year Fixed (Jumbo)

Rates last updated on Thursday, July 03, 2008

30 Year Fixed Conventional Mortgage
Term: 30 years Maximum Amount: $417,000

Rates

Points

APR

6.375%

6.447%

15 Year Fixed Conventional Mortgage
Term: 15 years Maximum Amount: $417,000

Rates

Points

APR

6.118%

10 Year Fixed Conventional Mortgage
Term: 10 years Maximum Amount: $417,000

Rates

Points

APR

6.167%

5/1 ARM
Term: 30 years Maximum Amount: $417,000

Rates

Points

APR

5.75%

5.819%

7/1 ARM
Term: 30 years Maximum Amount: $417,000

Rates

Points

APR

6.125%

6.257%

30 Year Fixed (Jumbo)
Term: 30 years

15 Year Fixed (Jumbo)
Term: 15 years

This is not advertisement to extend consumer credit as defined by Sec. 226.2 or regulation Z, nor is it an offer to an interest rate or discount point agreement which may only be made pursuant to subdivisions 3 & 4 of Sec. 47.206 of the Minnesota Statutes. Prices are subject to change at any time without notice. Please contact Novation Credit Union for specific information. All loans must be approved prior to locking.

Unless otherwise indicated, these APR calculations are based on the following: Conforming loans (whose maximum loan amount is below $417,000 for the contiguous states, District of Columbia, and Puerto Rico or below $625,500 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $417,000 with closing costs of $4,170. Jumbo Loans (whose maximum loan amount exceed $417,000 for the contiguous states, District of Columbia, and Puerto Rico or exceed $625,500 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $1,000,000 with closing costs of $10,000. Your actual APR may be different depending upon these factors.