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DISCLOSURES

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Mobile Banking Disclosure

*Mobile check deposit is only available to members over 16 years old. Deposits are subject to our discretion. Standard Funds Availability policy applies. Please see the Mobile Deposit Disclosure and Agreement for details. 

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Lighthouse Savings Disclaimer

  1. Lighthouse Savings: Must qualify for and establish membership with Lighthouse Credit Union. The minimum balance to open a Lighthouse Savings account is $5. APY (annual percentage yield), accurate as of the last dividend declaration date, and may change at any time, as determined by the Board of Directors. Fees could reduce earnings.
    Lighthouse Premium Savings: Must be a member of Lighthouse Credit Union with at least $5 in a Lighthouse Savings account. APY (annual percentage yield) accurate as of the last dividend declaration date, and may change at any time, as determined by the Board of Directors. Fees could reduce earnings.

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Share Certificate Disclaimer

1Must be a member of Lighthouse Credit Union with at least $5 in a Lighthouse Savings account. The minimum balance to open a share certificate is $500. APY (annual percentage yield) accurate as of the last dividend declaration date, and may change at any time, as determined by the Board of Directors. Share certificates are fixed rate accounts and will not change during the term. The APY assumes that dividends will remain on deposit until maturity. Fees could reduce earnings. Penalty for early withdrawal.

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VISA® Credit Card Disclosure

Annual Percentage Rate (APR) is accurate as of the date listed above. This rate is variable and subject to change.

See our schedule of fees for details on fees and charges associated with Credit Cards.

All loans are subject to credit approval. Qualifying purchases do not apply to cash advance, VISA® convenience checks, ATM advances, advances for overdraft protection or advances via telephone banking or Digital Banking. Please read the Credit Card Terms and Conditions for your card type.

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Auto Loan Disclosure

Rates are shown as an Annual Percentage Rate (APR) and are subject to change without notice.

Rates and amounts financed are determined by your personal credit history, account relationship and payment method. Other terms and rates may be available. All loans are subject to credit approval.

  1. Rates include loan discount. Loan discounts do not apply to CULA leases. A 0.10% discount will be applied to an eligible loan for each of the following qualifying factors: having an active checking account with Lighthouse; having an automatic payment established on the loan; having an active Lighthouse credit card product. A total discount of up to 0.30% will be applied to the base rate a member qualifies for. Must request loan discount within 90 days of the loan closing date. Discount conditions will be set forth in the Loan Discount Addendum. For a 76-84 month loan, the minimum amount financed is $20,000.

Auto Loan Payment Example

A $15,000 auto loan with a rate of 6.29% for 63 months. Monthly payment is approximately $293.57. Total Finance charge is approximately $2,778.00 (includes debt protection).

90-Day No Payment Information

Offer subject to change at any time. Finance charges begin accruing as of the loan origination date, other restrictions may apply. Offer may extend the term of your loan. Not available when refinancing an existing Lighthouse Federal Credit Union Auto Loan. Loan subject to credit approval and final rate is determined by credit history. Must ask for 90 Days No Payment Program at dealership before loan signing.

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Recreational Loan Disclosure

Including Boat & RV Loan Disclosure and Motorcycle & Powersports Loan Disclosure

Rates are shown as an Annual Percentage Rate (APR) and are subject to change without notice. APR is accurate as of date listed above.

  1. Rates are determined by term, amount financed and collateral. This is not a risk based product. Credit history does not determine rates.

Rates include loan discount. A 0.10% discount will be applied to an eligible loan for each of the following qualifying factors: having an active checking account with Lighthouse; having an automatic payment established on the loan; having an active Lighthouse credit card product. A total discount of up to 0.30% will be applied to the base rate a member qualifies for. Must request loan discount within 90 days of the loan closing date. Discount conditions will be set forth in the Loan Discount Addendum.

Recreational Loan Payment Example

ATV/ Motorcycle / Jet Ski / Snowmobile:
Based on a $10,000 loan at 7.59% APR for 65 months. Monthly payment is approximately $206.58. Total finance charge is $2,305.94 (includes debt protection).

Boats/ RV:
Based on a $35,000 loan at 8.19% APR for 120 months. Monthly payment is approximately $500.81. Total finance charge is $17,297.37 (includes debt protection).

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General Mortgage Disclosure

Annual Percentage Rate (APR) shown is the lowest rate offered, including discounts and based on credit score. Rates are subject to change without notice.

Annual Percentage Rate (APR) is accurate as of the date shown above. We do business in accordance with the Federal Fair Housing Law and the Equal Credit Opportunity Act.

Rates shown are for informational purposes only. No rate is guaranteed. Certain rate and/point adjustments may apply depending on loan features and borrower’s credit worthiness. Escrow for Real Estate taxes may be required which would increase your monthly mortgage payment. Property Insurance is required and Flood Insurance may be required. Other fees may be assessed, as applicable. Closing costs may apply. All mortgages are subject to credit approval.

All rates, terms and conditions are subject to change daily and without notice. They can only be guaranteed by our Mortgage Department. For more information, please call a Mortgage Specialist at 888-436-1847.

Fixed Rate Mortgage Disclosure

All rates assume 80% financing with a 20% down payment. For a 1-4 family owner occupied residence, condo, or mobile home on its own land; and one-unit second homes. Loan approval is based on creditworthiness, amount financed, and ability to repay. Loans with a down payment less than 20% require mortgage insurance which could increase the monthly payment and Annual Percentage Rate.

Please refer as well, to the general disclosure found in the section above.

ARM Disclosure

3/1, 5/1, 7/1 & 10/1 Adjustable Rate Mortgage (ARM)
Loan approval, interest rate, and down payment required based on creditworthiness amount financed, and ability to repay. Loans with a down payment less than 20% require mortgage insurance which could increase the monthly payment and Annual Percentage Rate. Escrow for Real Estate taxes may be required which would increase your monthly mortgage payment. Property Insurance is required and flood insurance may be required. Other fees may be assessed, as applicable.

The index for all Adjustable Rate Mortgages is the weekly average of the U.S. Treasury securities for the applicable term. The interest rate on the ARMs will adjust periodically and that may result in an increase of the interest rate after closing. Rates, terms, and conditions are subject to change.

The 3/1 ARM offers a fixed rate for 3 years and adjusts to a 1-year ARM after that period. The interest rate and monthly payment may adjust annually based on the 1-year U.S. Treasury, plus a margin of 3 percentage points. Caps are 2% annual and 6% lifetime.

The 5/1 ARM offers a fixed rate for 5 years and adjusts to a 1-year ARM after that period. The interest rate and monthly payment may adjust annually based on the 1-year U.S. Treasury, plus a margin of 3 percentage points. Caps are 2% annual and 6% lifetime.

The 7/1 ARM offers a fixed rate for 7 years and adjusts to a 1- year ARM after that period. The interest rate and monthly payment may adjust annually based on the 1 year U.S. Treasury, plus a margin of 3 percentage points. Caps are 5% initial, 2% annual and 5% for the lifetime cap.

The 10/1 ARM offers a fixed rate for 10 years and adjusts to a 1-year ARM after that period. The interest rate and monthly payment may adjust annually based on the 1 year U.S. Treasury, plus a margin of 3 percentage points. Caps are 5% initial, 2% annual and 5% for the lifetime cap.

For 1 – 4 family owner-occupied residence, condo or mobile home on its own land; and one-unit second homes.

***HLPR 3/1 Adjustable Rate Mortgage (ARM)

Home-buyers at or below the median income levels with exceptions for underserved areas. Escrows for Real Estate Taxes and Insurance is required. Minimum of one consumer credit counseling consultation required to underscore member’s financial preparedness. Renewal rate (4th year) based upon one-year Treasury constant maturity, plus a margin added of 2.75%. This is subject 1% maximum annual cap and a 5% lifetime cap from the original rate at inception of the loan. The initial 3-year rate will be set weekly by Lighthouse Federal Credit Union, reflecting a discount from the national average of 3/1 ARM programs. Property Insurance is required and flood insurance may be required. Closing costs may apply if the loan is paid off within the first three years of consummation. Certain restrictions do apply. For a 1-2 family owner-occupied residence, condo, or mobile home on its own land. For purchases only.

1/1 Land Loan (ARM)

The 1/1 Land Loan ARM offers a fixed rate for 1 year and adjusts to a 1-year ARM after that period. The interest rate and monthly payment may adjust annually based on the 1-year U.S Treasury, plus a margin of 6 percentage Points. Caps are 2% annual and 6% lifetime.

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Construction Loan Disclosures

Annual Percentage Rate (APR) shown is the lowest rate offered, including discounts and based on credit score. Rates are subject to change without notice.

The Fixed 30 Year Construction loan term begins with a 12 month interest only construction period followed by a fully amortized re-payment period for the remaining 348 months.

Construction loans are only available if home is being built in New Hampshire or Maine.

Construction Mortgage Payment Example

A payment example for a Construction Mortgage Loan with $100,000 loan amount and 6.250% interest rate and annual percentage rate of 6.863% will have a monthly principal and interest payment of $623.02.

The APR in the payment example was effective on April 20, 2023. The current APR may be different than the APR used in the payment example.

1/1 Land Loan (ARM)

The 1/1 Land Loan ARM offers a fixed rate for 1 year and adjusts to a 1-year ARM after that period. The interest rate and monthly payment may adjust annually based on the 1-year U.S Treasury, plus a margin of 6 percentage Points. Caps are 2% annual and 6% lifetime.

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Home Equity General Disclosure

Annual Percentage Rate (APR) shown is the lowest rate offered, including discounts (discounts not available for Home Equity Line of Credit) and based on credit score. Rates are subject to change without notice.

Other terms and rates may be available.

Rates include loan discount. Loan discounts do not apply to credit cards, Interest only HELOCs, Electric Energy Efficiency, share and certificate secured, RV, boat, CULA Leases, commercial, and Impact loans. A 0.10% discount will be applied to an eligible loan for each of the following qualifying factors: having an active checking account with Lighthouse; having an automatic payment established on the loan; having an active consumer credit card product. A total discount of up to 0.30% will be applied to the base rate a member qualifies for. Must request loan discount within 90 days of the loan closing date. Discount conditions will be set forth in the Loan Discount Addendum. The rate is subject to change without notice. Rates and amounts financed may be determined by your personal credit history, account relationship and payment method. Final rates are determined by credit score.

1Home Equity Loan: The maximum loan amount is $400,000 for loan to value ratios 80% or less. The maximum loan amount is $275,000 for loan to value ratios greater than 80%. The loan must be in second lien position. Closing costs waived for the first loan (exceptions may apply). Otherwise closing costs could be up to $1,000. Property insurance is required. Flood insurance is required if the property is located in a flood zone.

2Home Equity Line of Credit- Interest Only: The index for the Interest Only Line of Credit is the Wall Street Journal Prime Rate. We will use the most recent index value available to us as of the last day of the calendar quarter before the date of any annual percentage rate adjustment plus or minus a margin. The maximum credit line is $400,000 for loan to value ratios 80% or less. The maximum credit line is $275,000 for loan to value ratios greater than 80%. The maximum APR that may be imposed is 18% in a variable-rate plan. No closing costs to first-time applicants (exceptions may apply). Otherwise closing costs could be up to $1,000. Property insurance required. Flood insurance is required if the property is located in a flood zone.

31st-Lien Home Equity Loan: Lighthouse Federal Credit Union must be in first lien position. Property insurance required. Property can not be located in a flood zone. No closing costs at consummation however member will be responsible for up to $1,000 in 3rd party closing costs, if the loan is paid off and closed in the first three years. Minimum loan amount is $20,000 and maximum loan amount is $417,000. Loan to value equal to 80% or less.

All loans are subject to credit approval.

For a 1-4 family owner-occupied residence, condo, or mobile home on its own land.

All rates, terms, and conditions are subject to change daily and without notice. They can only be guaranteed by our Mortgage Department. For more information, please call a Mortgage Specialist at 888-436-1847.

Home Equity Payment Example

1Home Equity Loan
A $30,000 home equity loan at 6.69% APR with term of 120 months. 120 monthly payments of $403.76 (includes debt protection).

2Home Equity Line of Credit – Interest Only
A $50,000 home equity line of credit at 8.25% APR, payments will be $563.89 (including debt protection), during the repayment period, and approximately $447.04 during the draw period.

31st-Lien Home Equity Loan
A $75,000 1st-Lien Home Equity Loan at 6.325% APR with a term of 180 months payments would be approximately $809.57 (includes debt protection). 

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General Loan Disclosure

Rates shown as an Annual Percentage Rate (APR) and is subject to change without notice. APR is accurate as of date listed above.

  1. Rates include loan discount. Loan discounts apply to Home Heating and No Equity Loans. A 0.10% discount will be applied to an eligible loan for each of the following qualifying factors: having an active checking account with Lighthouse; having an automatic payment established on the loan; having an active consumer credit card product. A total discount of up to 0.30% will be applied to the base rate a member qualifies for. Must request loan discount within 90 days of the loan closing date. Discount conditions will be set forth in the Loan Discount Addendum. Rates and amounts financed are determined by your personal credit history, account relationship and payment method. Other terms and rates may be available. All loans are subject to credit approval.
  2. Rate is fixed and will not change during the repayment period.

No Equity Loan

  1. The terms of repayment, which reflects the repayment obligations over the full term of the loan. A payment example is 60 monthly payments of $21.60 per $1,000.00 borrowed.
  2. Minimum term during repayment period is 12 months and maximum is 60 months.

Home Heating Loan Payment Example

$1,000 loan with a rate of 5.69% APR for 12 months. Monthly payment is approximately $86.44. Total finance charge is $31.17 (includes debt protection).

Energy Efficiency Loan Disclosure

To start the process, please contact your utility provider to obtain approval before applying for financing. The EE Loan Authorization Form must be provided from the utility provider and signed off on. Checks will be made payable to the contractor listed on the EE form and the member. The Energy Efficiency Loan, open to customers participating in the Home Performance program available through your NHSaves utility partners, can be used for adding insulation, air sealing and other approved energy efficient updates to your home. The purchase or installation of solar panels is not covered by this program. Minimum loan amount is $1,000 with a maximum loan amount of $15,000. 0% rate is for Eversource customers only.; customers of all other NHSaves utility partners are eligible for an annual percentage rate of 2%. Maximum annual percentage rate for this product is 2%. Rates are set by the utility provider, not Lighthouse Federal Credit Union. This loan is not tied to the equity of the home. To start the process, please contact your utility provider to obtain approval before applying for financing. The EE Loan Authorization Form must be provided from the utility provider and signed off on. Checks will be made payable to the contractor listed on the EE form and the member. No other rate discounts apply.

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Home Renovation Loan General Disclosure

Minimum amount is $20,000. Maximum amount is $500,000. The loan must be in second lien position. Property insurance is required. Flood insurance is required if the property is located in a flood zone.

Annual Percentage Rate (APR) shown is the lowest rate offered and based on credit score. Rates are subject to change without notice.

The Fixed Home Renovation Loan offers a loan term of up to 240 months and begins with a 9-month interest only construction period followed by a fully amortized re-payment period for the remaining months. For maximum term of 240 months, loan amount must be greater or equal to $100,000.

Home Renovation Loans are only available if home is being built in New Hampshire or Maine.

All loans are subject to credit approval.

Home Renovation Loan Payment Example

A payment example for a Home Renovation Loan with $100,000 loan amount and 7.99% interest rate and annual percentage rate of 8.249% will have a monthly principal and interest payment of $849.16.

The APR in the payment example was effective on February 26, 2024. The current APR may be different than the APR used in the payment example.

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General Loan Disclosure

Rates shown as an Annual Percentage Rate (APR) and is subject to change without notice. APR is accurate as of date listed above.

Signature Loan

  1. Rates include loan discount. A 0.10% discount will be applied to an eligible loan for each of the following qualifying factors: having an active checking account with Lighthouse; having an automatic payment established on the loan; having an active Lighthouse credit card product. A total discount of up to 0.30% will be applied to the base rate a member qualifies for. Must request loan discount within 90 days of the loan closing date. Discount conditions will be set forth in the Loan Discount Addendum. Rates and amounts financed are determined by your personal credit history, account relationship and payment method. Other terms and rates may be available. All loans are subject to credit approval.
  2. The terms of repayment, which reflects the repayment obligations over the full term of the loan. A payment example is 60 monthly payments of $21.60 per $1,000.00 borrowed.
  3. Minimum term during repayment period is 12 months and maximum is 60 months.
  4. The personal loan APR* (Annual Percentage Rate) is based on credit score and risk-based pricing. The maximum APR is 18%. Please refer to our Personal Loan Rates for current rates.

Signature Loan, Credit Builder, Certificate Secured Loan

  1. Rate is fixed and will not change during the repayment period.

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Business Account General Disclosure

Annual Percentage Yield (APY) is accurate as of date listed above, and is subject to change without notice.

See our schedule of fees for details on fees and charges associated with Savings Accounts.

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1. Important Information

Medicare plans are not provided by Lighthouse Federal Credit Union. Consulting services only available to residents of NH & ME at this time. Not connected with or endorsed by the U.S. Government or the federal Medicare program. We do not offer every plan available in your area. Any information we provide is limited to those plans we do offer in your area. Please contact medicare.gov or 1-800-MEDICARE to get information on all of your options.

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healthCAR Information

healthCAR is administered by Marathon Administrative Company. This flyer is a summary of some of the benefits available with healthCAR. For a complete information including terms and conditions, please refer to the complete terms and conditions of the vehicle service contract. This program is optional and cancellable. Please contact healthCAR at 888-594-1545 with any questions.

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*TruStage Information

TruStage® insurance products and programs are made available through TruStage Insurance Agency, LLC. Life insurance and AD&D insurance are issued by CMFG Life Insurance Company, PO Box 61, Waverly IA 50677-0061. Auto and Home Insurance Program are issued by leading insurance companies. The insurance offered is not a deposit, and is not federally insured, sold or guaranteed by your credit union.

Insurance products are not deposits, not an obligation of and not guaranteed by Lighthouse Federal Credit Union. Insurance products are not protected by the NCUA, may be subject to risk and, in the case of life insurance, may go down in value. Any insurance required as a condition of an extension of credit need not be purchased from the credit union and may be purchased from an agent or insurance company of the member’s choice. Insurance products are not exclusive to Lighthouse Federal Credit Union members. Business conducted with Lighthouse Federal Credit Union Wealth Advisors is separate and distinct from any business conducted with the credit union. Lighthouse Federal Credit Union Wealth Advisors is a subsidiary of Lighthouse Federal Credit Union.

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*Investing & Retirement Planning Disclosure

Lighthouse Federal Credit Union (“Financial Institution”) provides referrals to financial professionals of LPL Financial LLC (“LPL”) pursuant to an agreement that allows LPL to pay the Financial Institution for these referrals. This creates an incentive for the Financial Institution to make these referrals, resulting in a conflict of interest. The Financial Institution is not a current client of LPL for brokerage or advisory services.

Please visit https://www.lpl.com/disclosures/is-lpl-relationship-disclosure.html for more detailed information.

Securities offered through LPL Financial (LPL), a registered broker-dealer, member FINRA and SIPC. Investment Advisor Representatives conducting business as Lighthouse Wealth Advisors (LWA) offer investment advisory services through LPL, a registered investment advisor. Insurance products are offered through LPL or its licensed affiliates. Lighthouse Federal Credit Union and LWA are not registered as a broker-dealer or investment advisor. Registered representatives of LPL offer products and services using LWA, and may also be employees of Lighthouse. These products and services are being offered through LPL or its affiliates, which are separate entities from, and not affiliates of, Lighthouse or LWA. Securities and insurance offered through LPL or its affiliates are:

Not insured by NCUA or any other government agency. Not credit union guaranteed. Not credit union deposits or obligations. May lose value.

The LPL Financial registered representatives associated with this website may discuss and/or transact business only with residents of the states in which they are properly registered or licensed. No offers may be made or accepted from any resident of any other state.

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