Why we're different!

My family has lived and conducted business here in Delaware County for 5 generations.  We have seen the changes that a growing community with new business can bring, and the benefits of conducting business operations local and with local people.  Like my father, and forefathers, I have relied on the services of local businesses to keep our operations running smoothly, while continuing to reinvest in our community... more »

  

Choosing the right loan!

Iron Workers Bank offers a multitude of loans for all your personal and business needs, at the convenience of working with your local bank.  We can help you choose the right loan, to suit your financial needs. Let us help you choose the right loan for your personal or business needs.  For more information, stop by one of our Iron Workers Bank locations, or contact an IWB Financial Specialist today... more »

Loan Rates

Rates effective as of May 28, 2009. All rates subject to change without notice.

Mortgages Loans Points Interest Rate APR
30 yr. Fixed Rate 3 5.125% 5.40%
15 yr. Fixed Rate 3 4.75% 5.21%
30 yr. Fixed Rate 0 5.50% 5.50%
15 yr. Fixed Rate 0 5.125% 5.125%
30 yr. 1yr.Adjustable 3 Please Call Please Call
30 yr. Fixed Rate Jumbo 3 6.00% 6.29%
15 yr. Fixed Rate Jumbo 3 5.75% 6.22%
30 yr. Fixed Rate Jumbo 0 6.375% 6.375%
15 yr. Fixed Rate Jumbo 0 6.125% 6.125%
A 5% minimum down payment is required. Private Mortgage Insurance (PMI) is required for loans with a down payment less than 20%. The APR shown assumes a 20% down payment.
A 30 Year, fixed rate, 3 point mortgage for $100,000 with a 20% down payment would have a monthly payment of $514.14 with an APR of 4.89%. Property insurance is required for all mortgage loans.

Closed End Home Equity Loans Interest Rate APR
5 yr. Fixed Rate Home Equity 4.50% 4.50%
10 yr. Fixed Rate Home Equity 5.00% 5.00%
15 yr. Fixed Rate Home Equity 5.25% 5.25%
20 yr. Fixed Rate Home Equity 5.50% 5.50%
25 yr. Fixed Rate Home Equity 5.75% 5.75%
The maximum loan to value for a Home Equity Loan is 80%. A 5 year fixed rate Home Equity Loan for $20,000 would have a monthly payment of $372.86, with an APR of 4.50%. Property insurance is required for all Home Equity Loans.

Closed End Automobile and Personal Loans APR with Auto Pay APR with Coupon Book
36 Month Fixed Rate New Auto 6.25% 6.75%
48 Month Fixed Rate New Auto 6.50% 7.00%
60 Month Fixed Rate New Auto 6.75% 7.25%
48 Month Fixed Rate Personal 10.75% 11.25%
48 Month Fixed Rate Debt Consolidation 12.75% 13.25%
48 Month Fixed Rate Used Auto 7.25% 7.75%
A 20% minimum down payment is required for auto loans. A 36 month new auto loan for $10,000, automatically debited from an Iron Workers checking or savings account would have a monthly payment of $305.35, with an APR of 6.25%.
Comprehensive automobile insurance is required for all automobile loans.