Discount Points are paid by the borrower to buy down the interest rate and are calculated as a percentage of the loan amount.
Lender Credits are paid by the lender and are applied to closing costs, at the lender’s discretion.
APR=Annual Percentage Rate. The APR is not your interest rate. Your APR will vary based on the rate you qualify for, your final loan amount and finance charges.
Conforming loans are for loans amounts that do not exceed the FNMA conforming county loan limits.
Jumbo loans are for loans that exceed the FNMA conforming county loan limits.
Mirastar Federal Credit Union offers mortgage loans for properties in California only.