Sound Credit Union :: Rates

Loan Rates

Sound has easy auto loans. Apply today.

Rates effective as of August 16, 2010.

Rates are subject to change. Please check with your local branch, or call if we can answer any questions.

Secured Loans	APR Range *
New Autos Model Years 2009 or newer
0 - 36 months	2.99% - 13.54%
37 - 48 months	3.99% - 14.54%
49 - 60 months	4.49% - 15.04%
61 - 72 months	4.99% - 15.54%
73 - 84 months	5.49% - 16.04%

Used Autos Model Years 2003-2008
0 - 36 months	2.99% - 13.54%
37 - 48 months	3.99% - 14.54%
49 - 60 months	4.49% - 15.04%
61 - 72 months	4.99% - 15.54%
73 - 84 months	5.49% - 16.04%

Green Auto Loan Hybrid Autos- model years, 2009 or newer
0 - 36 months	2.74% - 13.29%
37 - 48 months	3.74% - 14.29%
49 - 60 months	4.24% - 14.79%
61 - 72 months	4.74% - 15.29%
73 - 84 months	5.24% - 15.79%

New / Used Motorcycles Model Years 2000 - 2010
0 - 60 months	6.19% - 16.74%
61 - 72 months	7.19% - 17.74%

RVs, Boats, Marine Mortgages
0 - 84 months	6.19% - 16.74%
85 - 144 months	7.19% - 17.74%

Older Used Autos / Water and Snow Craft Model Years 1995 - 2002
0 - 60 months	5.99% - 16.54%

Share Secured
24 months	Share rate +4.00%

Certificate Secured Loans
Certificate maturity date	Certificate rate + 4.00%

Unsecured Loans	APR Range *
Personal Loan
0 - 60 months	7.95% - 14.95%

Personal Line of Credit $25 annual fee, waived if $25 or more in total finance charges paid in previous 12 months
	11.95% - 18.95%

VISA Blue¹ Low variable rate, no annual fee, 25-day grace period
	10.95% - 17.95%

VISA Platinum¹ Low variable rate, Extra Awards Program, $39 annual fee waived with $2,500 or more in annual purchases, 25-day grace period
	11.95% -18.95%

First Mortgages	Term	APR Range *
*10-Year Express Mortgage Loan⁵*
70% loan to value (LTV)	Maximum 10 years	4.50%
In addition, Sound offers a wide variety of fixed and adjustable rate mortgage products. Call our Real Estate Department at 253.383.2016 for current rates and information.

Home Equity	Term	APR Range *
*Fixed Home Equity²*
Up to 70% LTV	Maximum 5 Years	3.99% - 6.99%
Up to 70% LTV	Maximum 10 Years	4.99% - 7.99%
Up to 70% LTV	Maximum 15 Years	5.99% - 8.99%
70% - 80% LTV	Maximum 5 Years	5.24% - 6.99%
70% - 80% LTV	Maximum 10 Years	6.24% - 7.99%
70% - 80% LTV	Maximum 15 Years	7.24% - 8.99%

*30/7 Home Equity Loan³*
Up to 70% LTV	Max. 7 years, (payments amortized over 30 years)	5.99% - 8.99%
Even though payments are amortized over 30 years the loan's term is 7 years. After 7 years you can simply rewrite the loan with Sound (or another lending institution) or pay the loan off in full.
*Home Equity Line Of Credit*
Up to 70% LTV		4.49% - 7.25%
70% - 80% LTV		5.25% - 8.25%
Low variable rates. Maximum loan amount is determined by amount of equity in home. Access the account through Home Equity Line of Credit checks or VISA Gold Credit Card. Accounts may also be accessed at ATMs and Point of Sale locations, via the telephone or in person at the credit union.

Land Loans⁴	Term	Rate	APR *

50% Financing LTV	Max 7 Years, (amortized over 20 years)	8.49%	8.922%

All loans:
*APR is Annual Percentage Rate. All loans are subject to credit approval. Your rate and credit limit will be determined based on individual creditworthiness including income, debt ratio, and employment. Verification of income may be required. Must be 18 years of age to qualify for a loan. Must be a Sound Credit Union member to participate. Anyone who lives or works in WA can join. Membership at Sound requires a savings account with a minimum balance of $25.

¹VISA Credit Cards:
The Annual Percentage Rate may increase or decrease if the Index increases or decreases. The Index is the highest rate of interest identified as the 'Prime Rate' in the 'Money Rates' column of the Wall Street Journal. The Annual Percentage Rate will be equal to the Prime Rate plus a margin of: For Visa Blue: 7.70%-14.70%. For Visa Platinum: 8.70%-15.70%. The interest rate can change monthly on the first day of each month following a change in the Prime Rate as of 5 days before the end of the previous month. The Annual Percentage Rate will never be more than the maximum rate allowed by applicable law. Any increase will take the form of more payments of the same amount.

²Home Equity Loans and Home Equity Lines of Credit:
Homeowners insurance is required. A $345 early closure fee is applied if the loan is closed within the first 24 months. Maximum loan amount is determined by the amount of equity in your home. Equity in your home is based on appraised value. The annual percentage rate includes only interest and no other costs and is based on the value of an index. This index is the Prime Rate published in the Wall Street Journal and is current as of 8/1/10 and could change at any time. Sound will use the most recent Index available as of 5 days before the date of any change to the Annual Percentage Rate. To determine the Annual Percentage Rate, which will apply to your account, a margin will be added to your current Index rate. Home equity line of credit has a variable rate feature and an APR (corresponding to the month periodic rate) and the minimum payment may change as a result. Most home equity loans qualify for deductible interest. Consult your tax advisor for details.

In no event will the Annual Percentage Rate be less than 4.49% or more than the lesser of 18% per annum of the maximum rate allowed by applicable law.

Borrow up to 80% of appraised value for Fixed Home Equity loans and Home Equity Lines of Credit. Borrow up to 70% for 30/7 Home Equity Loans. Non-owner occupied and manufactured home fixed home equity rates are 1.50% higher than rates listed above; maximum LTV 70% with a maximum loan amount of $50,000. Non-owner occupied and manufactured home HELOC rates: 6.25% - 9.25% APR; maximum LTV 70% with a maximum loan amount of $50,000.

³30/7 Home Equity Loan:
This loan has a balloon payment feature, and the minimum monthly payments will not pay the loan in full by the maturity date. At the maturity date, a member will have to pay the entire outstanding balance from their own resources, or take a loan with either Sound Credit Union or another lending institution.

⁴Land Loans:
Annual Percentage Rate is based on a loan amount of $100,000 with 50% down payment on a 20 year amortization with a 7-year balloon payment. Financing available up to 50% of the appraised value. To calculate the loan-to-value (CLTV), take the land loan amount and divide that by the value of the land. Property must be zoned residential and cannot exceed ten (10) acres. Maximum loan amount $500,000. Sound Credit Union must be first lien position. 1.5% origination fee and other third party fees apply. Property must be located in Washington State. Additional terms may apply.

⁵10-Year Express Mortgage Loan:
No fees, no closing costs expect appraisal if needed. Homeowners insurance is required. A $345 early closure fee is applied if the loan is closed within the first 24 months. Borrow up to 70% of appraised value. Sound Credit Union will be in first lien position. Loan payment based on 10-year term. Maximum loan amount of $225,000. Taxes and insurance will be paid by homeowner. Financing available on homes in Washington State.

Sound Credit Union :: Rates :: Loan Rates