Lending Rates (Owner Occupied)
Effective
Mortgage Loans
|
Term
| Rate | APR¹ | Points |
|---|
| 15 Year Fixed |
5.875% |
6.070% |
1 |
| 15 Year Fixed |
6.000% |
6.041% |
0 |
|
20 Year Fixed
|
6.125% |
6.282% |
1 |
|
20 Year Fixed
|
6.250% |
6.284% |
0 |
|
30 Year Fixed
|
6.375% |
6.496% |
1 |
|
30 Year Fixed
|
6.500% |
6.527% |
0 |
Maximum loan amount $766,550. Please contact us for amounts greater than $766,550.
Maximum Loan to value (LTV): 95%. Private Mortgage Insurance required on all mortgage loans over 80% LTV.
The displayed Annual Percentage Rate (APR) for the loan products shown above is based on the interest rate (Rate), points (if applicable) and certain estimated finance charges.
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 5.875%, you would make 180 monthly P&I payments of $1,255.68. This payment does not include escrow for taxes and insurance. APR is based on a $150,000 loan with 20% down.
First-Time Homebuyer Program
| Term |
Rate |
APR |
Points |
| 30 Year Fixed |
6.375% |
6.401% |
0 |
*APR means Annual Percentage Rate. Owner occupied with loan-to-value (LTV) up to 95%. PMI insurance is required on all mortgage loans over 80% LTV. Maximum loan amount $383,275. APR is based on a $150,000 loan with 20% down. Example: Based on a 30 year fixed rate mortgage loan with a rate of 6.375% you would make 360 monthly P&I payments of $935.81. This payment does not include escrow for taxes and insurance. Your actual payment obligation will be higher. Property insurance is required. Subject to credit approval. Other rates and terms are available. Rates are subject to change. For further information, please speak to one of our Loan Officers. NMLS# 504402. Rate accurate as of 11/08/2024.
Home Equity Loans
|
Term
|
Minimum
|
First Lien Position
APR¹
|
Second Lien Position
APR
|
|---|
| 5 Years |
$25,000 |
6.000%
|
6.500%
|
| 7 Years |
$25,000 |
6.000% |
6.500% |
|
10 Years
|
$25,000
|
6.250% |
6.750% |
|
15 Years
|
$50,000 |
6.500% |
7.000% |
| 20 Years |
$50,000 |
7.000% |
7.500% |
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 6.000%, you would make 60 monthly payments of $483.33.
Home Equity Line of Credit
- Variable rate as low as prime rate.
- Minimum line amount – $25,000
- Maximum line amount – $1,000,000. Additional HELOC Programs(s) available.
- 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
|