Loan rates - Mortgages

Residential/Owner Occupied | Residential/Second Home | Consumer Credit | Home Equity Line of Credit

 

Residential - Owner Occupied
Single Family/Condominium/Co-Op: Effective December 30, 2008

Adjustable Rates

Program	Rate	Points	Caps (Per/Life)	Index	APR	Discount	Monthly Payment Per Thousand (start)
1 Year ARM	5.250%	0	2/6	1 Year Treasury 0.375%	5.247%	0	$5.52
3 Year ARM	5.500%	0	2/6	3 Year Treasury 1.125%	5.503%	0	$5.68
5 Year ARM	5.750%	0	2/6	5 Year Treasury 1.500%	5.757%	0	$5.84
7/1 Year ARM	6.000%	0	2/6	1 Year Treasury 0.375%	6.007%	0	$6.00

Fixed Rates

Program	Rate	Point	APR	Monthly Payment Per Thousand
15 Year	5.500%	0	5.498%	$8.17
20 Year	5.750%	0	5.749%	$7.02

Closing Costs

 

Residential/Owner Occupied | Residential/Second Home | Consumer Credit | Home Equity Line of Credit

 

Residential - Second Home
Effective: December 30, 2008

Adjustable Rates

Program	Rate	Points	Caps	Index	APR	Discount	Monthly Payment Per Thousand
3 Year ARM	6.000%	0	2/6	3 Year Treasury 1.125%	5.626%	0	$6.00
5 Year ARM	6.250%	0	2/6	5 Year Treasury 1.500%	5.944%	0	$6.16

Fixed Rates

Program	Rate	Point	APR	Monthly Payment Per Thousand
15 Year	6.000%	0	6.003%	$8.44

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List of Closing Costs: (Estimated)

• Applicant's Attorney Fee - Negotiated with Borrower's Attorney
• Appraisal Fee - $300.00 on loans over $250,000.00
• Recording Cost - $400.00-450.00
• Tax Service Fee - $75.00
• Title Insurance - $3.00 per Thousand of Mortgage
• Application Fee (non-refundable) $275.00
• Municipal Lien Certificate - $90.00
• Construction Loans only - add $500.00 Inspection Fee
• Plot Plan - $200.00

Rates are subject to change. Please call for the most current rates. Other terms, conditions and limitations may apply. APR's (Annual Percentage Rates) are based on a $100,000 mortgage with a 20% down payment. Adjustable Rate monthly payment examples and APR's are based on a 30 year term.

Index's are based on the applicable Treasury bill as published in the Wall Street Journal rounded to the nearest .125%.