|
|
 |
|
|
|
|
Mortgage & Home
Equity Rates
|
Conventional Mortgages |
|
|
Down Pymt |
RATE |
Annual Percentage Rate |
Max. LTV |
PMI |
|
15 Year Term |
20% |
6.125% |
6.207% |
80% |
N/A |
|
Monthly payment = $8.51 per thousand |
|
20 Year Term |
20% |
6.250% |
6.316% |
80% |
N/A |
|
Monthly payment = $7.31 per thousand |
|
30 Year Term |
20% |
6.500% |
6.551% |
80% |
N/A |
|
Monthly payment = $6.32 per thousand |
|
40 Year Term |
20% |
6.750% |
6.794% |
80% |
N/A |
|
Monthly payment = $6.03 per thousand
|
Point options, Bi-Weekly option, Jumbo and Construction loans available. Please contact the bank at (800) 939-9103.
|
Adjustable Rate Mortgages |
|
|
Down Pymt |
RATE |
Annual
Percentage Rate |
Caps
Per/Total |
Monthly
Cost per Thousand |
|
3 Year Adjustable |
10% |
5.750% |
5.792% |
2-6% |
Mthly=$5.84 |
|
5 Yr. Fixed/1 Yr.
Adjustable* |
10% |
6.000% |
6.043% |
2-6% |
Mthly=$6.00 |
|
7 Yr. Fixed/1 Yr.
Adjustable** |
10% |
6.125% |
6.168% |
2-6% |
Mthly=$6.08 |
|
3 Year Adjustable |
20% |
5.250% |
5.291% |
2-6% |
Mthly=$5.52 |
|
5 Yr. Fixed/1 Yr. Adjustable* |
20% |
5.500% |
5.542% |
2-6% |
Mthly=$5.68 |
|
7 Yr. Fixed/1 Yr. Adjustable** |
20% |
5.625% |
5.667% |
2-6% |
Mthly=$5.76 |
* Initial rate fixed for 5 years, subject to increase thereafter.
** Initial rate fixed for 7 years, subject to increase thereafter.
The Annual Percentage Rate may increase after consummation Note:
For our 40 year ARM product rates please call, 800-939-9103.
|
Home Equity Loans
|
|
|
Interest
Rate |
Annual Percentage Rate
|
Monthly Cost per
Thousand
|
Other Info
|
| Fixed
Rate Home Equity Loan |
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
|
MINIMUM LOAN AMOUNT = $10,000.00
Note: The above Annual Percentage Rate was calculated using a
loan amount of $50,000.00
|
Home Improvement Loans
|
|
|
Interest
Rate |
Annual Percentage Rate
|
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
|
Note: The above Annual Percentage Rate was calculated using a loan amount
of $10,000.00
|
Home Equity Line of Credit
- Variable |
|
|
Annual Percentage Rate
|
Max Terms
|
|
3 Months fixed then
variable monthly
|
0.99%/Prime* - 1/4%
|
10 Yr
Draw - 10 Yr Payback
|
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 $5,000 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. 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 6/30/08 was
5.000% APR.
The interest rates and annual percentage rates (APRs) shown are subject to change without notice.
Click here to access our mortgage calculators
|
|
|
|
