Skip Navigation
A toy house on a beach

Loan Rates

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

4.00% (floor rate)

Annual Percentage Rate

7.97%

Initial Monthly Payment

$725.07

Type

3/1 ARM

LTV

80%

Interest Rate

4.00% (floor rate)

Annual Percentage Rate

7.47%

Initial Monthly Payment

$690.68

Type

5/1 ARM

LTV

80%

Interest Rate

4.00% (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 July 22,2024

 

Home Improvements Loan

Type

LTV

Interest Rate

Annual Percentage Rate

Initial Payment

Type

1/1 ARM

LTV

80%

Interest Rate

4.00% (floor rate)

Annual Percentage Rate

7.875%

Initial Payment

$725.07

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 July 22,2024

 

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%.  Rate will never exceed 19.0%. 

Annual Percentage Rate

4.50%

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 July 22,2024

 

Construction Loans

Type

Interest Rate

Type
Fixed

Interest Rate

Call for current rates. 

  • Interest rates are subject to change at any time without notice

 
 
Back to Top