Loan Rates
Rates effective as of May 9, 2024.
All rates subject to change without notice.
Mortgage Loans
|
Term |
Points |
Interest Rate |
APR |
|---|---|---|---|
|
30 Year Fixed Rate |
0 | 6.750% | 6.758% |
|
30 Year Fixed Rate |
3 | 6.375% | 6.676% |
|
20 Year Fixed Rate |
0 | 6.500% | 6.510% |
|
15 Year Fixed Rate |
0 | 6.375% | 6.387% |
|
15 Year Fixed Rate |
3 | 6.000% | 6.492% |
|
10 Year Fixed Rate |
0 | 6.125% | 6.142% |
|
30 Year, 1 Year Adjustable Rate |
3 | Please call | Please call |
|
30 Year Fixed Rate Jumbo |
0 | 6.875% | 6.878% |
|
30 Year Fixed Rate Jumbo |
3 | 6.500% | 6.798% |
|
15 Year Fixed Rate Jumbo |
0 | 6.500% | 6.504% |
|
15 Year Fixed Rate Jumbo |
3 | 6.000% | 6.483% |
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 $648.60 with an annual percentage rate (APR) of 6.758%. Property insurance is required for all mortgage loans.
Closed End Home Equity Loans
|
Term |
Interest Rate |
APR |
|---|---|---|
|
5 Year Fixed Rate |
7.000% | 7.029% |
|
10 Year Fixed Rate |
7.125% | 7.141% |
|
15 Year Fixed Rate |
7.250% | 7.261% |
|
20 Year Fixed Rate |
7.500% | 7.509% |
|
25 Year Fixed Rate |
7.750% |
7.758% |
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 $396.02, with an annual percentage rate (APR) of 7.029%. Property insurance is required for all Home Equity Loans.
Home Equity Line Of Credit
|
Rate |
APR |
|---|---|
|
7.750% |
7.750% |
Annual Percentage Rate (APR) 7.750% 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, currently 8.50%, as published in the Wall Street Journal on the 3rd Wednesday of the preceding month with a floor of 7.75%. The APR can change monthly. The minimum APR is 7.750%, the maximum APR is 18.00%. The non-introductory rate is 8.50% as of 09/26/2023. The minimum loan amount is $5,000.00. The maximum loan amount is $500,000.00 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.