- 30-Year Fixed Mortgage Payment Example: The information provided assumes the purpose of the loan is to purchase a property, with a loan amount of $250,000 and an estimated property value of $350,000. The property is located in Bethesda, MD and is within Montgomery County. The property is an existing single family home and will be used as a primary residence. An escrow (impound) account is required. The rate lock period is 60 days and the assumed credit score is 740. At a 3.250% interest rate, the APR for this loan type is 3.296% based on 0 points, other rates and terms available. The monthly principal and interest payment schedule would be 359 payments of $1,087.82 and 1 payment for $1,087.81 at an interest rate of 3.250%. Actual monthly payments will be higher and will also include amounts for real estate taxes and homeowner's insurance premiums. NOTE: A 1% origination fee applies to this loan. The origination fee may be waived by adding a 0.25% to the selected rate. For purchase transactions, the rate cannot be locked until Marriott Employees’ FCU has received a ratified purchase agreement. Points are the responsibility of the borrower.
- 30-Year Fixed Jumbo Mortgage Payment Example: The information provided assumes the purpose of the loan is to purchase a property, with a loan amount of $600,000 and an estimated property value of $750,000. The property is located in Bethesda, MD and is within Montgomery County. The property is an existing single family home and will be used as a primary residence. An escrow (impound) account is required. The rate lock period is 60 days and the assumed credit score is 740. At a 3.375% interest rate, the APR for this loan type is 3.461%, other rates and terms available. The monthly principal and interest payment schedule would be 359 payments of $2,652.09 and 1 payment of $2,646.52 at an interest rate of 3.3750%. Actual monthly payments will be higher and will also include amounts for real estate taxes and homeowner's insurance premiums. NOTE: A 1% origination fee applies to this loan. For purchase transactions, the rate cannot be locked until Marriott Employees’ FCU has received a ratified purchase agreement. Points are the responsibility of the borrower. The 30-Year fixed rate jumbo loan (loan amounts greater than $548,250) is available only for purchases and refinances.
- 15-Year Fixed Mortgage Payment Example: The information provided assumes the purpose of the loan is to purchase a property, with a loan amount of $250,000 and an estimated property value of $350,000. The property is located in Bethesda, MD and is within Montgomery County. The property is an existing single family home and will be used as a primary residence. An escrow (impound) account is required. The rate lock period is 60 days and the assumed credit score is 740. At a 2.875% interest rate, the APR for this loan type is 2.957% based on 0 points, other rates and terms available. The monthly principal and interest payment schedule would be 179 payments of $1,711.20 and 1 payment for $1,709.27 at an interest rate of 2.875%. Actual monthly payments will be higher and will also include amounts for real estate taxes and homeowner's insurance premiums. NOTE: A 1% origination fee applies to this loan. The origination fee may be waived by adding a 0.25% to the selected rate. For purchase transactions, the rate cannot be locked until Marriott Employees’ FCU has received a ratified purchase agreement. Points are the responsibility of the borrower.
- 15-Year Fixed Jumbo Mortgage Payment Example: The information provided assumes the purpose of the loan is to purchase a property, with a loan amount of $600,000 and an estimated property value of $750,000. The property is located in Bethesda, MD and is within Montgomery County. The property is an existing single family home and will be used as a primary residence. An escrow (impound) account is required. The rate lock period is 60 days and the assumed credit score is 740. At a 3.000% interest rate, the APR for this loan type is 3.155%, other rates and terms available. The monthly principal and interest payment schedule would be 179 payments of $4,142.81 and 1 payment of $4,140.76 at an interest rate of 3.000%. Actual monthly payments will be higher and will also include amounts for real estate taxes and homeowner's insurance premiums. NOTE: A 1% origination fee applies to this loan. For purchase transactions, the rate cannot be locked until Marriott Employees’ FCU has received a ratified purchase agreement. Points are the responsibility of the borrower. The 15-Year fixed rate jumbo loan (loan amounts greater than $548,250) is available only for purchases and refinances.
- Adjustable Rate Mortgages (ARM) Marriott Employees' FCU offers 5 and 7 Year adjustable rate mortgages for conforming and jumbo loan amounts. The ARM product has its own Index, which is the Secured Overnight Financing Rate (SOFR), Margin and Caps. You will receive specific index and margin during the application process.
Investment properties are not eligible for 1st mortgage loans.
Conforming Mortgages: For loan amounts from $50,000 to $726,200. The maximum combined loan- to-value (CLTV) is 95%; loans above 80% LTV are subject to private mortgage insurance (PMI). The maximum LTV and CLTV for condominiums is 80%.
Jumbo Mortgages: For loan amounts above $726,200 to $750,000. The maximum LTV and CLTV for condominiums is 80%.
The applicant is responsible for the following fees and costs at the time of closing. Origination fee, appraisal fee, tax service fee, CLO access fee, title fees, transfer tax fees, credit report fee, flood cert fee, recording fee, survey if required and work verification fee, escrow reserves and interest due until first payment, other cost may be included due to program specific circumstances. This is not intended to be an all-inclusive list.
Borrowers are required to have sufficient reserve assets available to cover 6 months full payments including principal, interest, homeowner’s insurance, property taxes and homeowner associated dues and/or mortgage insurance, if applicable. For non-primary residences, we require 12 months of reserve assets.
All rates and offers are as the date posted above and are subject to change without notice. Other restrictions may apply. Contact your Marriott Employees’ FCU mortgage specialist for any applicable additional restrictions and details about your loan. To receive any loan product, you must become a member of Marriott Employees’ FCU by opening a share (savings) account. Federally insured by the NCUA.