What's My Rate?

At Mountain Lakes Community Federal Credit Union we have a rate that fits you. Our rates are tiered based on your credit score. So, let’s say you have spotless credit and a credit score to match. We can offer you and outstanding rate on the full spectrum of loans we offer. Sometimes we will offer special deals just for you. On the other hand, let’s say you hit a rough spot. Maybe due to health issues or changing jobs. We understand that sometimes bad things happen to good people. We have rates that will let us help you now and will let you rebuild your credit. That will in turn let us offer you lower rates in the future.

Looking at the rate sheet page for loans, you will notice there are four columns labeled A, B, C and D. These are how we breakdown our loan rates based on your credit score from the reporting service we use. For the A rate, your credit score would need to be 670 or better, for B, between 669 and 620, C, between 619 and 570, and finally our D rate is for folks with a credit score of 569 or less. There are other factors in qualifying for a loan but these will give you an idea of what rates we can offer you.

What if I have a better offer?

We have the ability to negotiate rates. If you get a better offer, check with us first. It may help you negotiate an even better deal. If you already took them up on their offer, it would still be worth checking with us. We may be able to save you quite a bit of money in the long run. Give us a call.

We want to buy our first house! Can you help?

We have a special rate just for you. Plus, we offer 100% financing with a very low fixed rate with a term of up to 30 years. With rates at historically low levels, now is the time to lock in your rate. Mountain Lakes Community Federal Credit Union is an Equal Housing Lender, NMLS #798228. Contact Nancy Phillips, NMLS #819491, at 423-538-3151 for more information. We can help you get that home of your dreams!