• No Closing Costs*
  • No junk fees
  • Local decision making & servicing
  • Purchase, refi, construction, rehab
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Please call 401-729-4060 for First Time Homebuyer and Purchase Mortgage Special products and rates.

Adjustable Rate (ARM)

Product Term Rate Points APR

10/1

 30 yr 4.125% 0 4.444%

5/5

 30 yr 3.875% 0 4.683%

5/1

 30 yr 3.750% 0 4.501%

3/3

 30 yr 3.625% 0 4.994%

Smart Option

Product Term Rate Points APR

Smart Option 30

 30 yr 4.875% 0 4.908%

Smart Option 15

 15 yr 4.125% 0 4.189%

Fixed Rate up to $453,100

Term Rate Points APR
30 yr 4.500% 2 4.713%
30 yr 4.625% 1 4.752%
30 yr 4.750% 0 4.790%
20 yr 4.125% 2 4.414%
20 yr 4.250% 1 4.421%
20 yr 4.375% 0 4.429%
15 yr 3.875% 2 4.242%
15 yr 4.000% 1 4.217%
15 yr 4.125% 0 4.193%
10 yr 3.625% 2 4.151%
10 yr 3.750% 1 4.061%
10 yr 3.875% 0 3.973%

Land Loans (Buildable Lot)

Product Term Rate Points APR

1/1

 30 yr 3.750% 0 3.766%

5/1

 30 yr 4.250% 0 4.267%

10/1

 30 yr 4.875% 0 4.892%

Jumbo Fixed Rate

Term Rate Points APR
30 yr 4.500% 0 4.508%
20 yr 4.375% 0 4.387%
15 yr 4.125% 0 4.140%
10 yr 3.875% 0 3.896%

Quick Pay Fixed Rate

Term Rate Points APR
20 yr 4.125% 0 4.178%
11-15 yrs 3.875% 0 3.943%
8-10 yrs 3.625% 0 3.722%
1-7 yrs 3.500% 0 3.635%

Rates as of 8/6/2018 and subject to change without notice. Conditions and/or restrictions may apply.

*PCU’s regular mortgage terms and conditions apply. Minimum loan term is 15 years. No Closing Costs offer not available on QuickPay, construction, Jumbo 30 yr. fixed rate or land loans. If applicable, borrower must pay certain costs (e.g. prepaid interest, initial escrow deposit, PMI). Attorney’s closing fees capped at $900 (typically $600-$700). 100% financing offer only applicable to first time homebuyer loans; all borrowers must be a first time homebuyer to qualify.

APR for Jumbo Fixed Rate mortgages is based on a $454,000 loan with 80% loan-to-value and no prepaid interest. APRs for all other mortgages listed are based on a $100,000 loan with 80% loan-to-value and no prepaid interest.

For all Adjustable Rate Mortgages the Rate may increase after closing.

Mortgage insurance required if LTV exceeds 80%.

Repayment Examples

  • 30 yr Fixed Rate Mortgage at 4.500% (4.713% APR): 360 monthly payments of $5.07 per $1,000 borrowed
  • 5/5 Adjustable Rate Mortgage at 3.875% (4.683% APR): 360 monthly payments of $4.70 per $1,000 borrowed
  • 30 yr Jumbo Fixed Rate Mortgage at 4.500% (4.508% APR): 360 monthly payments of $5.07 per $1,000 borrowed.
  • 20 yr QuickPay Fixed Rate Mortgage at $4.125% ($4.178% APR): 240 monthly payments of $6.13 per $1,000 borrowed.
  • 10 yr QuickPay Fixed Rate Mortgage at $3.625% ($3.722% APR): 120 monthly payments of $9.95 per $1,000 borrowed.