
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% | 3.875% | 4.023% | 80% | N/A |
| 180 Monthly Payments of $7.33 per thousand borrowed | |||||
20 Year Term |
20% | 4.250% | 4.367% | 80% | N/A |
| 240 Monthly Payments of $6.19 per thousand borrowed | |||||
30 Year Term+ |
20% | 4.375% | 4.461% | 80% | N/A |
| 360 Monthly Payments of $4.99 per thousand borrowed | |||||
40 Year Term |
20% | 5.875% | 5.955% | 80% | N/A |
| 480 Monthly Payments of $5.42 per thousand borrowed | |||||
| Adjustable Rate Mortgages | |||||
| Down Payment |
Rate | APR | Caps Per/Total | Monthly Cost per Thousand Borrowed | |
| 3 Year Adjustable* | 15% | 5.000% | 4.208% | 2/6% | 360 Monthly Payments of $5.37 |
| ARM 5 Yr. Fixed/1 Yr. Adjustable** | 20% | 5.250% | 3.936% | 2/6% | 360 Monthly Payments of $5.52 |
| ARM 7 Yr. Fixed/1 Yr. Adjustable*** | 20% | 5.375% | 4.262% | 2/6% | 360 Monthly Payments of $5.60 |
| 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 | ||
| 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 |
| Home Equity Line of Credit - VARIABLE | ||
| APR | Max Terms | |
| 3 Months fixed then variable monthly at Prime minus 1/4%. 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.
+ Maximum loan amount $417,000. For example a $250,000.00 loan @ 4.461% Annual Percentage Rate for 30 years, no points with a 20% down payment would have monthly payments of principal and interest equal to $1,248.21 Net loan amount would equal $250,000.00, finance charge would equal $199,357.97 and total of all payments would equal $449,357.97. For loans over $417,000 the rate would be 5.50%. For example a $450,000.00 loan @ 5.592% Annual Percentage Rate for 30 years, no points with a 20% down payment would have monthly payments of principal and interest equal to $2,555.05 Net loan amount would equal $450,000.00, finance charge would equal $469,818.71 and total of all payments would equal $919,818.71.
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.