Lending
Mortgage & Home Equity Rates
ALL Rates effective as of March 10, 2010.
The interest rates and annual percentage rates (APRs) shown are subject to change without notice. All Loans are subject to credit approval. Does not include insurance & taxes and payment will be greater if first lien.
| Conventional Mortgages | |||||
| Down Pymt | RATE | APR | Max. LTV | PMI | |
15 Year Term |
20% | 4.375% | 4.526% | 80% | N/A |
| 180 Monthly Payments of $7.59 per thousand borrowed | |||||
20 Year Term |
20% | 4.875% | 4.996% | 80% | N/A |
| 240 Monthly Payments of $6.53 per thousand borrowed | |||||
30 Year Term |
20% | 5.000% | 5.089% | 80% | N/A |
| 360 Monthly Payments of $5.37 per thousand borrowed | |||||
40 Year Term |
20% | 5.875% | 5.955% | 80% | N/A |
| 480 Monthly Payments of $5.42 per thousand borrowed | |||||
Please contact the bank at 800.939.9103.
| Adjustable Rate Mortgages | |||||
| Down Payment |
Rate | APR | Caps Per/Total | Monthly Cost per Thousand Borrowed | |
| 3 Year Adjustable* | 15% | 5.000% | 3.583% | 2/6% | 360 Monthly Payments of $5.37 |
| ARM 5 Yr. Fixed/1 Yr. Adjustable** | 20% | 5.250% | 4.595% | 2/6% | 360 Monthly Payments of $5.52 |
| ARM 7 Yr. Fixed/1 Yr. Adjustable*** | 20% | 5.375% | 4.789% | 2/6% | 360 Monthly Payments of $5.60 |
** Initial ARM rate fixed for 5 years, subject to increase or decrease every 1 year thereafter. Rate changes have a maximum cap of 2% each rate change period with a lifetime maximum increase or decrease cap of 6%.
*** Initial ARM rate fixed for 7 years, subject to increase or decrease every 1 year thereafter. Rate changes have a maximum cap of 2% each rate change period with a lifetime maximum increase or decrease cap of 6%.
The Annual Percentage Rate may increase after consummation
Note: Longer ARM products available. Please call, 800.939.9103.
| Home Equity Loans | |||||
| Fixed Rate Home Equity Loan |
Interest Rate |
APR | Monthly Cost per Thousand |
Other Info | |
| 6.250% | 6.287% | @ 60 months=$19.45 | up to 60 months | ||
| 6.500% | 6.520% | @ 120 months=$11.35 | 61-120 months | ||
| 6.750% | 6.764% | @ 180 months=$8.85 | 121-180 months | ||
| 7.000% | 7.011% | @ 240 months=$7.75 | 181-240 months | ||
Note: The above Annual Percentage Rate was calculated
using a loan amount of $50,000.00
| Home Improvement Loans | |||||
| Interest Rate |
APR | Max Terms | Monthly Cost per Thousand | Other Info | |
| FHA 1st Mortgage Customers not eligible to apply |
8.99% | 9.01% | 180 Mos. | @15 years =$10.13 |
Other Fees Apply |
using a loan amount of $10,000.00
| Home Equity Line of Credit - VARIABLE† | ||
| APR | Max Terms | |
| 3 Months fixed then variable monthly at Prime. Currently Prime is 3.25%. | 0.99% promotional rate 4.99% floor rate |
10 Yr Draw than 10 Yr Payback |
| Home Equity Line of Credit - FIXED | ||
| APR | Max Terms | |
| 6.250% | 10 Yr Draw than 10 Yr Payback | |
Mortgage Home Equity Lines of Credit are revolving lines of credit secured by a mortgage on your home. They can be used for home improvements, college tuition, consolidation of debts, medical expenses, etc. The credit lines generally range from $50,000 to $100,000 and are capped at 80% of the available equity in your home, minus the outstanding principal balance of the 1st mortgage.
†On the Variable Line of Credit the rate is fixed at 0.99% Annual Percentage Rate for the first three billing cycles only, after that the rate is variable at Prime capped at 18% Annual Percentage Rate with a floor of 4.99%. There are no points, no closing costs, and no appraisal fees unless you request us to use a value different than your town's appraised value.
Property insurance is required to open and maintain a Home Equity Line of Credit.
*Prime Rate as of 12/31/08 was 3.250% APR.
The interest rates and annual percentage rates (APRs) shown are subject to change without notice.
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