Credit Tiers
| Credit Score | Tier |
| 730+ | A+ |
| 680-729 | A |
| 630-679 | B |
| 600-629 | C |
| 599 and below | D |
Effective 04/01/2024
All loans: Rates subject to change daily. Rates are subject to FICO credit score. Percentages are listed as Annual Percentage Rate (APR). Rates indicated are fixed unless otherwise noted. Wall Street Journal Prime Rate is used for “current prime rate”.
Secured
Secured rates are for any Titled or UCC’d collateral. Rates below are for New collateral. Used collateral rates are .25% to 3.00% higher based on credit tier and term.
| Credit Tier | 24 mo. | 36 mo. | 48 mo. | 60 mo. |
72 mo. |
84* mo. | 96* mo. |
| A+ | 4.24% | 4.50% | 5.00% | 5.50% | 6.00% | 6.50% | 6.75% |
| A | 4.50% | 4.75% | 5.25% | 5.75% | 6.25% | 6.75% | 7.25% |
| B | 5.25% | 5.50% | 6.00% | 6.50% | 7.00% | 7.50% | 8.00% |
| C | 6.75% | 7.25% | 7.75% | 8.25% | 9.50% | n/a** | n/a** |
| D | 8.50% | 9.00% | 9.50% | 10.50% | 11.50% | n/a** | n/a** |
Business purpose loans add 1.00% to qualifying rate. Loan to Value (LTV) not to exceed 80% without special approval.
An additional .25% will be added to qualifying rate for collateral over five (5) years old and an additional .25% will be added to qualifying rate for mileage over 100,000 miles.
*Minimum loan amount of $25,000 for 84 months or higher financing and vehicle must be three (3) years old or newer.
**Special processing required.
Unsecured
Loans without collateral, guaranteed by a person/signature
| Credit Tier | Rate |
| A+ | 8.00% |
| A | 10.25% |
| B | 13.25% |
| C | 16.00% |
| D | 17.99% |
0.50% added on debt consolidation loans.
Overdraft Protection (ODP)
16.00%
Visa Credit Cards
| Credit Tier | Rate |
| Share Secured | 5.99% |
| A+ | 8.25% |
| A | 10.25% |
| B | 16.00% |
| C | 17.50% |
| D | 17.99% |
Visa Credit Cards secured with funds in account (share secured) will be given the lowest rate offered. If funds on hold are released, rate will adjust to qualifying rate.
Real Estate
First Mortgages
| Credit Tier | 15 year | 30 year |
| A+ | 6.25% | 6.50% |
| A | 6.50% | 6.75% |
| B | 6.75% | 7.00% |
| C | 7.25% | 7.50% |
| D | 7.25% | 7.50* |
Capital Area FCU does not participate in construction loans.
*Special processing required.
3/5 Year Adjustable Rate Mortgages (ARM’s)
Loan terms up to 30 years.
Origination rate fixed for the first three (3) or five (5) years and then can adjust annually.
Origination rate: Prime +/- margin*.
Rate cannot adjust up or down more than 2.00% per year and cannot fall below origination rate.
*Margin value based on Risk Rate at the time of application.**
** Floor rate of 5.00% – ceiling rate of 10.00%.
Capital Are FCU does not participate in construction loans.
Land Loans (ARM’s)
Maximum loan term 12 years.
Origination rate fixed for the first three (3) or five (5) years and then can adjust annually.
Origination rate: Prime +/- margin*.
Rate cannot adjust up or down more than 2.00% per year and cannot fall below origination rate.
*Margin value based on Risk Rate at the time of application.**
** Floor rate of 5.00% – ceiling rate of 10.00%.
Home Equity Line of Credit (adjustable)**
Current Rate is equal to Prime minus a margin of 1.25%*.
*Floor rate of 5.00% – ceiling of 10.00%; margin rate subject to change.
**Home Equity line of credit rates are subject to change quarterly based on Prime rate.
Mobile homes are excluded from eligibility unless affixed to a full foundation.
First Time Borrower
First time borrower rates are given to applicants who have no tradelines and no credit score.
Secured Rates
Will follow the “B” credit tier secured rates
Unsecured Rate
Current Prime Rate
Share Secured
Rate paid on pledged deposit account plus 3.00%*
Rate paid on pledged certificate of deposit (CD) plus 1.50%*
*Funds in share accounts, club accounts and share certificates (CD’s) are eligible accounts for pledging as security. Funds in Individual Retirement Accounts (IRA’s) and share draft accounts (checking) are NOT eligible.