Compass Community Credit Union offers some of the most competitive home loan rates in the Humboldt County area. Rates are updated regularly so be sure to bookmark this page.
Rates as of 10/27/2022
First Mortgage — Owner Occupied
| Term | Max Loan-to-Value (LTV) | Rate | APR* |
| 30 years | 80% | 7.500% | 7.624% |
| 20 years | 80% | 7.125% | 7.282% |
| 15 years | 80% | 6.750% | 6.943% |
| 10 years | 80% | 6.375% | 6.644% |
$500 origination fee is required, along with third-party costs. Max $766,500. Some additional restrictions apply to loans over $766,500.
First Mortgage — Non-Owner Occupied
| Term | Max Loan-to-Value (LTV) | Rate | APR* |
| 30 years | 80% | 8.500% | 8.632% |
| 20 years | 80% | 8.125% | 8.289% |
| 15 years | 80% | 7.750% | 7.949% |
| 10 years | 80% | 7.375% | 7.650% |
$1,000 origination fee is required, along with third-party costs. Max $766,500. Some additional restrictions apply to loans over $766,500.
*APR - Annual Percentage Rate. Rates subject to change without notice. All rates apply to single family dwellings located in the state of California. Third party costs are associated with these loans. The APR is based on a loan amount of $250,000. Loan approval subject to credit, income and property appraisal. Rate is not locked until final loan approval and offers may be withdrawn at any time. All terms and conditions are subject to change without notice.
Rates as of 6/01/2024
Home Equity Line of Credit — Owner Occupied
| Term | Max Loan-to-Value (LTV) | Rate as low as |
| 10-year draw period 15-year repayment |
70% of the appraised value less balance of First Mortgage |
8.00% |
The minimum line is $25,000 with a maximum line of $150,000. The maximum loan-to-value ratio is 70% based on appraised value. During the Advance Period (10 years) (including any extension thereof), your minimum monthly payment will be the greater of $100.00 or 0.125% of the ending balance plus the accrued finance charge, plus any fees and amounts past due. During the Repayment Period (15 years), your minimum monthly payment will be the amount sufficient to amortize the principal amount you owe on the last day of the Advance Period, plus interest, in substantially equal installments during the Repayment Period, plus any fees and any amounts past due. If the calculated minimum monthly payment described above is less than $100.00, the minimum monthly payment during the Repayment Period will equal $100.00 or the outstanding balance on your Credit Account, whichever is less. Variable Rate: Rate adjusts monthly. The index is the Wall Street Journal Prime rate plus margin rounded up to the nearest quarter percent. The maximum change per rate change date is 1.00%. Rate cap at 16.99% APR.
Home Equity Line of Credit — Non-Owner Occupied
| Term | Max Loan-to-Value (LTV) | Rate as low as |
| 10-year draw period 15-year repayment |
65% of the appraised value less balance of First Mortgage |
8.50% |
The minimum line is $25,000 with a maximum line of $150,000. The maximum loan-to-value ratio is 65% based on appraised value. During the Advance Period (10 years) (including any extension thereof), your minimum monthly payment will be the greater of $100.00 or 0.125% of the ending balance plus the accrued finance charge, plus any fees and amounts past due. During the Repayment Period (15 years), your minimum monthly payment will be the amount sufficient to amortize the principal amount you owe on the last day of the Advance Period, plus interest, in substantially equal installments during the Repayment Period, plus any fees and any amounts past due. If the calculated minimum monthly payment described above is less than $100.00, the minimum monthly payment during the Repayment Period will equal $100.00 or the outstanding balance on your Credit Account, whichever is less. Variable Rate: Rate adjusts monthly. The index is the Wall Street Journal Prime rate plus margin rounded up to the nearest quarter percent. The maximum change per rate change date is 1.00%. Rate cap at 16.99% APR.
