Mortgage Rates |
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Monthly |
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Payment |
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Per |
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| Loan Type | Term | Down Payment |
APR | Rate |
$1,000.00
|
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| Fixed Rate | 30 Years |
20% |
5.000% | 5.000% |
$5.37 |
| Fixed Rate | 20 Years |
20% |
4.500% |
4.500% | $6.33 |
| Fixed Rate | 15 Years |
20% |
4.125% |
4.125% | $7.46 |
|
ADJUSTABLE RATE MORTGAGES |
| 1 YR ARM | 1/30 |
20% |
2.860% | 4.000% |
$4.77 |
| Fixed for 1 year - adjusts every 12 months.
12 payments of $4.77 per $1,000.00 at an interest rate of 4.00%, 348
payments of $4.10 per $1,000.00 at an interest rate of 2.750%. *Index - 1 Year Weekly Treasury Security + 2.50%. 2% Annual Rate Cap -
6% Lifetime Rate Cap |
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| 3 YR ARM | 3/30 |
20% |
3.670% | 4.500% |
$5.07 |
| Fixed for 3 years - adjusts every 36 months.
36 payments of $5.07 per $1,000.00 at an interest rate of 4.50%, 324
payments of $4.47 per $1,000.00 at an interest rate of 3.500%. *Index - 3 Year Weekly Treasury Security + 2.50%. 3% Rate Cap Per
Adjustment - 6% Lifetime Rate Cap |
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| 5 YR ARM | 5/30 |
20% |
4.410% | 4.750% |
$5.22 |
| Fixed for 5 years - adjusts every 60 months.
60 payments of $5.22 per $1,000.00 at an interest rate of $4.75%, 300
payments of $4.96 per $1,000.00 at an interest rate of 4.250%. *Index - 5 Year Weekly Treasury Security + 2.50%. 3% Rate Cap Per
Adjustment - 6% Lifetime Rate Cap |
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| *Index: Weekly average yield on United States
Treasury Securities adjusted to a constant maturity of 1, 3 or 5 years, as
made available by the Federal Reserve Board Adjustable rate mortgages are
variable and the rate may increase or decrease after consummation. |
| All payments do not include amounts for taxes and
insurance premiums, which if applicable will make your payment
obligation greater. |
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20% DOWN - MAXIMUM LOAN AMOUNT - $
500,000.00** |
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25% DOWN - “
“
“ - $ 700,000.00 |
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30% DOWN - “
“
“ - $1,000,000.00 |
| **Loans over $500,000.- up to $1,000,000.00 are
JUMBO LOANS - ADD .50% to the above quoted rates |
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Application fees: |
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1 - Family: $450.00 |
| 2-4 Family: $625.00
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5-6 Family: $450.00 plus Appraisal Fee
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A fee of $50.00 for each additional credit report
will be required |
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| ABOVE RATES AND TERMS ARE FOR 1-4 FAMILY
OWNER-OCCUPIED DWELLINGS |
| 5 - 6 FAMILY - CALL FOR DETAILS |
Consumer Loan Rates
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Monthly |
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Payment |
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Per |
| Loan Type | Term | LTV |
APR | Rate |
$1,000.-
|
| 2nd Mtgs Fixed | 15 Years |
75% Total LTV |
6.00% | 6.00% | $8.44 |
| Equity Line Variable |
15 Years |
75% Total LTV |
3.25%*** |
3.25%*** | $8.27**** |
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| ***
RATE IS EQUAL TO THE PRIME RATE AS PUBLISHED IN THE WALL
STREET JOURNAL THE FIRST BUSINESS DAY OF THE MONTH AND IS ADJUSTED
MONTHLY AS THE PRIME RATE CHANGES
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| 3.25%-floor rate - 10.00%-ceiling
rate over the life of the loan
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| ****Minimum Monthly Principal Payment is $100.00
plus finance charges |
| Application Fee: 1-4 Family Owner Occupied $150.00
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| Maximum Loan Amount $100,000.00
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