Residential Mortgages - Owner Occupied
Fixed Rate Mortgages
(Available Upon Request)
Adjustable Rate Mortgages
| Type | LTV | Interest Rate | Annual Percentage Rate | Initial Monthly Payment |
|---|---|---|---|---|
Type 1/1 ARM | LTV 80% | Interest Rate 7.13% (floor rate) | Annual Percentage Rate 7.21% | Initial Monthly Payment $673.72 |
Type 3/1 ARM | LTV 80% | Interest Rate 7.00% (floor rate) | Annual Percentage Rate 7.09% | Initial Monthly Payment $665.30 |
Type 5/1 ARM | LTV 80% | Interest Rate 7.00% (floor rate) | Annual Percentage Rate 7.09% | Initial Monthly Payment $665.30 |
Annual Percentage Rate is based upon $100,000, 30 year loan. Payment amount does not include real estate taxes or insurance and your actual monthly housing expense will be greater. The index is based on the 1 year Constant Maturity U.S. Treasury Bill. A margin of 2.75% will be added to the index to determine future rates. Interest rate cannot increase more than 2% per year or 6% over the life of the loan. Future monthly payments will increase if the interest rate increases. Interest rates are subject to change at any time without notice. Rates are effective as of November 19,2024
Home Improvements Loan
| Type | LTV | Interest Rate | Annual Percentage Rate | Initial Payment |
|---|---|---|---|---|
Type 1/1 ARM | LTV 80% | Interest Rate 8.13% (floor rate) | Annual Percentage Rate 8.22% | Initial Payment $742.50 |
Annual Percentage Rate is based upon $100,000, 30 year loan. Payment amount does not include real estate taxes or insurance and your actual monthly housing expense will be greater. The index is based on the 1 year Constant Maturity U.S. Treasury Bill. A margin of 3.75% will be added to the index to determine future rates. Interest rate cannot increase more than 2% per year or 6% over the life of the loan. Future monthly payments will increase if the interest rate increases. Interest rates are subject to change at any time without notice. Rates are effective as of November 19, 2024.
Home Equity Line of Credit - Owner Occupied
| Type | LTV | Variable Interest Rate | Annual Percentage Rate |
|---|---|---|---|
Type Variable | LTV Up to 80% | Variable Interest Rate Rate varies with the Prime Rate. The rate will never be less than 4.00% and will never exceed 19.00%. | Annual Percentage Rate 8.00% |
Payments are interest only or $50.00, whichever is greater. Annual fee is $50.00 and is waived the first year. If only the payment is made, there be a balloon payment due at loan maturity. A prepayment penalty of $375.00 will be assessed if paid to zero AND closed within the first 3 years. Interest rates are subject to change any time without notice. Rates are effective as of November 19, 2024.
Construction Loans
| Type | Interest Rate |
|---|---|
Type Fixed | Interest Rate Call for current rates. |
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Interest rates are subject to change at any time without notice
