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Loan Rates

The financing you need, at the rate you can afford.

New car? New home? Big project? Big dreams?

Whatever you envision, see how our loan rates help you turn it into reality.

Accordion Section

1Eligibility for the lowest rate is based on credit worthiness, year of vehicle, ability to repay, credit score, down payment and loan to value. Example: With a 66-month, $20,000 auto loan at 2.99% APR, you would make 66 monthly payment of $329.03. A fee of $350 will be charged when an existing Power Financial Credit Union auto loan is being refinanced. Interest rates include a .25% discount for automatic payment from your Power Financial Credit Union account and a .25% discount for previous Power Financial Credit Union borrowers. Other conditions may apply. Rates are subject to change at any time.
2Minimum loan amount of $7,501 to qualify for lowest advertised rate.

Term APR
up to 36 months 2.49%-10.74%2
37-60 months 2.74%-10.99%
61-72 months 2.99%-11.24%
73-84 months 4.49%-12.74%
85-96 months 5.49%-13.74%
Loan Type Max LTV Term Rate
Home Equity Hybrid Line of Credit - 1st Position 3 80% 10 year draw period and 15 years payment term Fixed rate between 3.37% - 5.37% then variable rate between Prime and Prime + 1.25%1
Home Equity Hybrid Line of Credit - 2nd Position 3 80% 10 year draw period and 15 years payment term Fixed rate between 3.49% - 5.49% then variable rate between Prime +.25 and Prime + 1.50%1
Home Equity Line of Credit - 1st Position 3 80% 10 year draw period and 15 years payment term Variable rate between Prime - 0.50 and Prime + 0.502
Home Equity Line of Credit - 2nd Position 3 80% 10 year draw period and 15 years payment term Variable rate between Prime -0.25 and Prime + 1.002

1Eligibility for the lowest rate is based on loan to value (LTV), credit worthiness, ability to repay, credit score, and term of loan. Other conditions may apply. Rates are subject to change at any time. Credit for discounts such as a .125% discount for automatic loan payment transfer from your Credit Union account and a .125% discount for previous Power Financial Credit Union borrowers will be applied once the fixed period ends. (Interest may be tax-deductible, consult your tax advisor).
2Eligibility for the lowest rate is based on loan to value (LTV), credit worthiness, ability to repay, credit score, and term of loan. Other conditions may apply. Rates are subject to change at any time. Interest rates include a .125% discount for automatic payment from your CU account and a .125% discount for previous Power Financial Credit Union borrowers. (Interest may be tax-deductible, consult your tax advisor).
3The maximum APR that can apply over the life of the loan is 18.00%. For a Home Equity Hybrid Loan of $50,000 at 4.99% over 15 years you would make 180 payments of $396.66. Immediate usage required is $10,000. The estimated Credit Union and third party fees for a Home Equity Hybrid Loan are $1,343.75.

Loan Type Term APR
Fast Personal Line of Credit Any 9.48%-19.48%
Signature Loan Up to 48 months 9.48%-19.48%
Student Loan Up to 120 months 8.00%-11.25%
Share Secured Loan Up to 60 months2 Share savings rate plus 3%3
Certificate of Deposit Secured Loan Up to term of certificate Fixed Certificate Rate + 3%
Variable Certificate Rate + 3% Margin3

1The maximum aggregate loan amount is $30,000. The minimum loan amount is $500. Interest rates include a .25% discount for automatic payment from your CU account and a .25% discount for previous Power Financial Credit Union borrowers. Eligibility for the lowest rate which is stated above is based on credit worthiness, ability to repay, credit score, down payment, loan amount, and term of loan. Example: If you had an outstanding balance of $10,000, the minimum monthly payment at the minimum ANNUAL PERCENTAGE RATE OF 7.98% would be $258.88 for a max term of 48 months. Loans less than or equal to $2,500 will be financed for a max term of 24 months. Rate will be based on highest credit score for joint applicants and co makers. Rates are subject to change at any time. Cannot be combined with any other offer. Other conditions may apply.
2Term limitations may apply based on loan amount.
3Minimum loan amount of $500. Credit Report required.

For credit card information, please see our Credit Cards section.

Promotions
1. 3% down payment for First Mortgage Loans. 1
2. New Affordable and Secure 5/5 Adjustable Rate Mortgage. 2

1Applicable for first mortgage loans with maximum loan amount of $510,400. Member must provide 3% down payment plus closing costs for purchase or 5% equity in home for refinance. Private Mortgage Insurance required on all loans when financing over 80%. Other conditions may apply.
2Rate is variable with a periodic cap of 2 percentage points every 5 years with a lifetime maximum cap of 5%.


 

Adjustable Rate Mortgages1

Term Rate APR Points
3/1 ARM1 2.625% 2.702% 0.000
5/1 ARM1 2.750% 2.828% 0.000
5/5 ARM2 2.875% 2.953% 0.000
7/1 ARM1 2.875% 2.953% 0.000
10/1 ARM1 3.000% 3.079% 0.000

1Rate is variable with a periodic cap of 2 percentage points above the index with a lifetime maximum cap of 6 percentage points above the original rate. Other restrictions may apply.
 
3/1 Adjustable Rate Mortgage of $225,000 at 30 years at 2.625%, you would make 36 fixed payments of $903.71 at 2.702% APR. After that, the fully indexed rate of 2.875% will apply to the remaining 324 payments and may vary every year. Payment amount does not include taxes and insurance. Actual payment amount will be greater.
 
25/5 Adjustable Rate Mortgage is variable with a periodic cap of 2 percentage points above the index every 5 years with a lifetime maximum cap of 5 percentage points above the original rate. Other restrictions may apply. 5/5 Adjustable Rate Mortgage of $225,000 at 30 years at 2.875%, you would make 60 fixed payments of $933.51 at 2.953% APR. After that, the fully indexed rate of 3.75% will apply to the remaining 300 payments and may vary every five years. Payment amount does not include taxes and insurance. Actual payment amount will be greater.
 


 

Fixed Rate Mortgages1

Term Rate APR Points
10 Year 3.000% 3.211% 0.000
15 Year 3.000% 3.145% 0.000
20 Year 3.000% 3.112% 0.000
30 Year 3.250% 3.330% 0.000

1 The Annual Percentage Rate (APR) is calculated on a loan amount of $225,000 for the purchase of a single family primary residence. This annual rate of interest example takes into account a 20% down payment. For a Fixed Rate Mortgage Loan of $225,000 at 30 years at 3.000%, you would make 360 payments of $948.61. Payment amount does not include taxes and insurance. Actual payment amount will be greater.


 

Jumbo Mortgages1

Jumbo Fixed Rate Mortgage Rate APR Points
15 Year 3.000% 3.106% 0.000
20 Year 3.000% 3.082% 0.000
30 Year 3.250% 3.309% 0.000
Jumbo Adjustable Rate Mortgage Rate APR Points
3/1 ARM2 2.625% 2.681% 0.000
5/1 ARM2 2.750% 2.807% 0.000
5/5 ARM3 2.875% 2.932% 0.000
7/1 ARM2 2.875% 2.932% 0.000
10/1 ARM2 3.000% 3.058% 0.000

1Jumbo Mortgage Rates applicable for loan amounts greater than $510,400. This annual rate of interest example takes into account a 20% down payment for a Jumbo Mortgage Fixed Rate Loan of $510,400.00 at 30 years at 3.250%, you would make 360 payments of $2,221.29 Payment amount does not include taxes and insurance. Actual payment amount will be greater.
2Rate is variable with a periodic cap of 2 percentage points above the index with a lifetime maximum cap of 6 percentage points above the original rate. Other restrictions may apply.
3Rate is variable with a periodic cap of 2 percentage points above the index every 5 years with a lifetime maximum cap of 5 percentage points above the original rate. Other restrictions may apply.
 
5/5 Adjustable Rate Mortgage of $510,400 at 30 years at 2.875%, you would make 60 fixed payments of $2,117.62 at 2.932% APR. After that, the fully indexed rate of 3.750% will apply to the remaining 300 payments and may vary every five years. Payment amount does not include taxes and insurance. Actual payment amount will be greater.
 


 

Residential Investment Rates1

Term Max LTV Rate APR
3/1 70% 2.875% 2.953%
5/1 70% 3.000% 3.079%
5/5 70% 3.125% 3.205%
3/1 75% 3.125% 3.205%
5/1 75% 3.250% 3.330%
5/5 75% 3.375% 3.456%

1Eligibility for the lowest adjustable rate is based on loan to value (LTV), credit worthiness, ability to repay, credit score, and term of loan. Rates are subject to change at any time. Other conditions may apply. This annual rate of interest example takes into account a 30% down payment for a Residential Investment Property Loan with a 3/1 Adjustable Rate Mortgage of $225,000 at 30 years at 2.875%, you would make 36 fixed payments of $933.51 at 2.953% APR. After that, the fully indexed rate of 3.125% will apply to the remaining 324 payments and may vary every year. Payment amount does not include taxes and insurance. Actual payment amount will be greater.


 

Other Mortgages

Mortgage Type Rate APY
Reverse Mortgage Call for quote Call for quote
Veterans Mortgage Call for quote Call for quote

APR Assumptions-The ANNUAL PERCENTAGE RATE (APR) is calculated on a loan amount of $100,000 for the purchase of a single family primary residence. This annual rate of interest example takes into account a 20% down payment.

The actual rates quoted above may vary depending on program availability, credit, loan to value, cash out, term, loan size, waiving of escrows, length of lock, income and other secondary market guidelines.

We may offer other Mortgage Interest Rates and terms in the future.

Vehicle Type Term Rate
New Water Crafts Call for term 6.24%
New/Used Boats Call for term 5.74%
New/Used Motor Home, Trailer, RV Call for term 5.74%
New/Used Motorcycles Call for term 4.24%

1Eligibility for the lowest rate which is stated above is based on credit worthiness, ability to repay, credit score, down payment, term of loan, loan to value (LTV) and year of vehicle. Rates are subject to change at any time. Interest rates include a .25% discount for automatic payment from your Power Financial Credit Union account and a .25% discount for previous Power Financial Credit Union borrowers. Other conditions may apply. Call for term: 954.538.4400

Power Financial Credit Union serves members across South Florida with 8 full-service branches and offers convenient account access from anywhere using its secure Online Banking and highly-rated Mobile App.