Lending Rates (Owner Occupied)
Effective
Mortgage Loans
|
Term
| Rate | APR¹ | Notes |
|---|
| 15 Year Fixed |
5.900% |
6.095% |
1 Point 95% LTV² |
|
20 Year Fixed
|
6.000% |
6.156% |
1 Point 95% LTV² |
|
30 Year Fixed
|
6.125% |
6.244% |
1 Point 95% LTV² |
Maximum loan amount $750,000. Please contact us for amounts greater than $750,000.
¹APR = Annual Percentage Rate. PMI insurance is required on all mortgage loans over 80% LTV. Property insurance is required. Other rates and terms are available. Rates are subject to change. Subject to credit approval. For further information, please see one of our Loan Officers.
²LTV = Loan to Value Ratio.
Example: Based on a 15 year fixed rate mortgage loan with a rate of 5.900%, you would make 180 monthly P&I payments of $1,257.70 This payment does not include escrow for taxes and insurance. APR is based on a $150,000 loan with 20% down.
Home Equity Loans
|
Term
|
Minimum
| APR¹ |
|---|
| 5 Years |
$25,000 |
5.490%
|
| 7 Years |
$25,000 |
5.490% |
|
10 Years
|
$25,000
|
5.750% |
|
15 Years
|
$50,000 |
6.00% |
| 20 Years |
$50,000 |
7.000% |
Maximum loan amount: 80% of value less any mortgage balance. Maximum loan: $750,000
¹APR = Annual Percentage Rate. Property insurance is required. Other rates and terms are available. Rates are subject to change. Subject to credit approval. For further information, please see one of our Loan Officers.
Example: Based on a 5 year, $25,000 home equity loan with an APR of 5.490%, you would make 60 monthly payments of $477.41.
Home Equity Line of Credit
- Variable rate as low as prime rate.
- Minimum line amount – $25,000
- Maximum line amount – $750,000
- Maximum APR: 7.000% above the initial APR. Apart from this "Rate Cap", there is no limit on the amount by which the rate can change during any one-year period
- APR = Annual Percentage Rate. Property insurance is required. Other rates and terms are available. Rates are subject to change. Subject to credit approval.
- Maximum Loan-To-Value (LTV) ratio is 90%.
- Title insurance and an appraisal are required on lines over $400,000.
|
For more information on our loan products, please see one of our Loan Officers. Rates and fees are subject to change without notice. All loan products are subject to credit approval. Our primary lending area is Montgomery and Berks Counties.
NMLS#504402
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