Lending Rates (Owner Occupied)
Effective 03/24/2020
Mortgage Loans
|
Term
| Rate | APR¹ | Notes |
|---|
| 15 Year Fixed |
3.375% |
3.397% |
0 Points, 95% LTV² |
| 20 Year Fixed |
3.500% |
3.518% |
0 Points, 95% LTV² |
|
30 Year Fixed
|
3.750% |
3.764% |
0 Points, 95% LTV² |
Maximum loan amount $750,000. Please contact us for amounts greater than $750,000.
First Time Home Buyer
|
Term
| Rate | APR¹ | Notes |
|---|
| 30 Year Fixed |
3.625%
|
3.638% |
0 Points, 95% LTV² |
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 3.375%, you would make 180 monthly P&I payments of $1,063.14. This payment does not include escrow for taxes and insurance. APR is based on a $150,000 loan with 20% down.
Home Equity Loans
| First Lien Position | Second Lien Position |
|---|
|
Term
|
Minimum
| APR¹ | Term | Minimum | APR¹ |
|---|
| 5 Years |
$12,500 |
3.500%
|
5 Years |
$12,500 |
4.500% |
| 7 Years |
$15,000 |
3.500% |
7 Years |
$15,000 |
4.500% |
|
10 Years
|
$20,000
|
3.750% |
10 Years |
$20,000 |
4.750% |
|
15 Years
|
$30,000 |
4.000% |
15 Years |
$30,000 |
5.000% |
| 20 Years |
$40,000 |
4.000% |
20 Years |
$40,000 |
5.000% |
| 25 Years |
$50,000 |
4.000% |
25 Years |
$50,000 |
5.000% |
Maximum loan amount: 80% of value less any mortgage balance.
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, $12,500 home equity loan with an APR of 3.500%, you would make 60 monthly payments of $227.40.
Home Equity Line of Credit
- Variable rate based on prime rate – No margin
- Minimum Line Amount – $10,000
- Maximum Line Amount – $500,000.
- 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. For further information, please see one of our Loan Officers
|
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
|