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1Annual Percentage Rate (APR). The rate may vary depending on each individual’s credit history and underwriting factors. Effective 8/01/16. Loans are subject to credit approval. California properties only. Membership in USC Credit Union required. Must Qualify for USCCU membership and membership fee may apply; please call (877-670-5860) or visit www.usccreditunion.org to confirm eligibility. The 3% down-payment is for purchase transactions only, single family residence, owner occupied, and maximum loan amounts up to $417,000. Private Mortgage Insurance (PMI) is required. Payment example is for illustration purpose only and is based on an 5-5 ARM with a 30 year loan term, a loan amount of $417,000 and a start rate of 3.000% / 3.298% APR which is subject to increase. 60 payments of $1,945.74 at an interest rate of 3.000%; 33 payments of $1,921.73 at an interest rate of 2.875%; 266 payments of $1,734.08 at an interest rate of 2.875%; 1 payment of $1,733.99 at an interest rate of 2.875%. Verification of income, assets, hazard, and, if applicable, flood insurance will be required. All Credit Union loan programs, rates, terms and conditions are subject to change at any time without notice.
+Credit is only offered for loan amounts of $200,000+. The appraisal fee will be collected up front and will be refunded to the borrower at the time of funding (up to $750.00). Typical appraisal fees are $495. The credit will be applied through closing and will be reflected in the final closing statement and escrow settlement. Refunds will not be given on loans that are declined or withdrawn. Appraisal credit is for owner-occupied single family residences in California only. The borrower is responsible for all other recurring and non-recurring closing costs such as escrow and title fees, recording charges, flood certification and transfer tax, prepaid interest, property taxes and all insurances. This offer is valid for all 1st trust deed applications received from March 1, 2017 through April 30, 2017 and funded by July 30, 2017.