Loan Rates
Rates effective as of December 14, 2018.
All rates subject to change without notice.
Mortgage Loans
|
Term |
Points |
Interest Rate |
APR |
|---|---|---|---|
|
30 Year Fixed Rate |
0 | 4.50% | 4.501% |
|
30 Year Fixed Rate |
3 | 4.125% | 4.382% |
|
20 Year Fixed Rate |
0 | 4.25% | 4.252% |
|
15 Year Fixed Rate |
0 | 3.875% | 3.877% |
|
15 Year Fixed Rate |
3 | 3.50% | 3.947% |
|
10 Year Fixed Rate |
0 | 3.625 | 3.628% |
|
30 Year, 1 Year Adjustable Rate |
3 | Please call | Please call |
|
30 Year Fixed Rate Jumbo |
3 | 4.375% | 4.635% |
|
15 Year Fixed Rate Jumbo |
3 | 3.50% | 3.945% |
|
30 Year Fixed Rate Jumbo |
0 | 4.75% | 4.75% |
|
15 Year Fixed Rate Jumbo |
0 | 3.875% | 3.875% |
A 5% minimum down payment is required. Private Mortgage Insurance (PMI) is required for loans with a down payment less than 20%. The annual percentage rate (APR) shown assumes a 20% down payment.
A 30 Year, fixed rate, 0 point mortgage for $100,000 with a 20% down payment would have a monthly payment of $506.69 with an annual percentage rate (APR) of 4.501%. Property insurance is required for all mortgage loans.
Closed End Home Equity Loans
|
Term |
Interest Rate |
APR |
|---|---|---|
|
5 Year Fixed Rate |
4.00% | 4.02% |
|
10 Year Fixed Rate |
4.25% | 4.26% |
|
15 Year Fixed Rate |
4.875% | 4.88% |
|
20 Year Fixed Rate |
5.125% | 5.13% |
|
25 Year Fixed Rate |
5.375% | 5.38% |
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 $368.33, with an annual percentage rate (APR) of 4.02%. Property insurance is required for all Home Equity Loans.
Home Equity Line Of Credit
|
Rate |
APR |
|---|---|
|
4.875% |
4.875% |
Annual Percentage Rate (APR) 4.875% applies for a 12 month introductory period. The APR after the 12 month introductory period will be a variable rate equal to the prime rate as published in the Wall Street Journal the 3rd Wednesday of the preceding month. The APR can change monthly. The minimum APR is 4.875%, the maximum APR is 18.00%. The non-introductory rate is 5.50% as of 3/6/2019. The minimum loan amount is $5,000.00. The maximum loan amount is $300,000.00 or will vary based on the combined maximum loan to value ratio. The maximum combined loan to value amount is 80%. After the first 12 months, the line has a $50.00 annual fee if the loan account has a zero balance for the 12 month period.
Closed End Automobile and Personal Loans
|
Loan Type & Term |
APR with Autopay |
APR with Coupon |
|---|---|---|
|
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 annual percentage rate (APR) of 6.25%.
Comprehensive automobile insurance is required for all automobile loans.
Going Out of the Country?
Please contact your Branch if you will be visiting another country to enable your ATM/Debit card to have access to your account.