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Residential Loan Rates

Effective as of 03/23/17
Rates
Term Interest Rate Points *APR Maximum Loan Amount Payment Per Thousand
15 Year Fixed** 3.125% 1

3.390%

$424,100.00

$6.97

15 Year Fixed** 3.250% 0 3.379% $424,100.00 $7.03
30 Year Fixed** 4.000% 1 4.161% $424,100.00 $4.77
30 Year Fixed**

4.125%

0 4.197% $424,100.00 $4.85
30 Yr. Fixed Super Conforming** 4.125% 1 4.331% $598,000.00*** $4.85

5/1 Adjustable Secondary Market****

3.125%

3.489% 

$424,100.00 

$4.28

7/1 Adjustable Secondary Market****

3.375% 

3.548% 

$424,100.00 

$4.42

5/1 Adjustable Portfolio**** 

4.500% 

3.511% 

$424,100.00 

$5.07 

5/1 Adjustable Jumbo Portfolio**** 5.125% 0 3.723% $800,000.00 $5.44
Home Equity Loan 5.125% 0 5.368% $300,000.00 $7.97
Home Equity Line 5.000% 0

5.000%

$150,000.00 n/a
           
           
* APR- Annual Percentage Rate
* Rates and programs are subject to change.
* APR's assume a 20% down payment. The 5/1 ARM Portfolio assumes a 30 year term with the interest rate fixed for the initial 60 months of the loan;  thereafter the rate and payment may adjust every 12 months; the maximum adjustment at each rate change date is 2% with a lifetime maximum increase of 6% and a margin of 2.625%. The 5/1 ARM and 7/1 ARM Secondary Market assumes a 30 year term. The initial note rate is in effect for a fixed term; the maximum initial rate adjustement is 5%, and subsequent maximum adjustments are 2%, with a lifetime maximun increase of 5%.
*Rates assume a 740 minimum credit score and a 80% maximum Loan To Value (LTV).
**Rates based on a single family residence, owner occupied purchase transaction with borrower paid closing costs.

***Amount varies by location- please call for details.

**** Adjustable Rate Mortgages where the rate can change after and inital fixed period

 

Ex: The 5/1 ARM with a thirty year term will be 60 months at the disclosed rate of 4.375% and potentially 300 months at 3.625% (fully indexed rate) with an APR of 3.476%.

Ex: The 5/1 Jumbo ARM with a thirty year term will be 60 months at the disclosed rate of 5.000% and potentially 300 months at 3.625% (fully indexed rate) with an APR of 3.682%.
Ex: The 5/1 ARM Secondary Market  with a thirty year term will be 60 months at the disclosed rate of 3.125% and potentially 300 months at 2.875% (fully indexed rate) with an APR of 3.034%.

Ex: The 7/1 ARM Secondary Market with a thirty year term will be 84 months at the disclosed rate of 3.500% and potentially 276 months at 2.875% (fully indexed rate) with an APR of 3.232%. The fully indexed rate is based upon the margin plus index at time of closing.

The fully indexed rate is based upon the margin plus the index at time of closing.

The payments listed above do not include taxes and/or insurance. Your payment may/will be greater if your loan is secured by a first lien.

15yr Fixed & 30 yr. Fixed 
Annual Percentage Rate (APR) based on $200,000 loan amounts (unless noted) and Maximum Loan to Value (LTV) of 80%. 

30 yr. Fixed Jumbo
Annual Percentage Rate (APR) based on $598,000 loan amounts (unless noted) and Maximum Loan to Value (LTV) of 80%.

5/1 Adjustable Portfolio
Annual Percentage Rate (APR) based on $424,100 loan amounts (unless noted), Maximum Loan to Value (LTV) of 80% and 30 year term. APR on adjustable rate programs may increase after consummation of Mortgage. Caps 2% / 6%.

5/1 Adjustable JUMBO Portfolio 
Annual Percentage Rate (APR) based on $800,000 loan amounts (unless noted), Maximum Loan to Value (LTV) of 80% and 30 year term. APR on adjustable rate programs may increase after consummation of Mortgage. Caps 2% / 6%.

5/1 & 7/1 Adjustable Secondary Market                                                                                                                                                                                                                       Annual Percentage Rate (APR) based on $424,100 loan amounts (unless noted), Maximum Loan to Value (LTV) of 80% and 30 year term. APR on adjustable rate programs may increase after consummation of Mortgage. Caps 5%/2%/5%.

Home Equity Line of Credit
Annual percentage rates (APRs) shown are subject to change without notice. Rate is for owner occupied 1-4 family residences and second homes. There are no closing costs. Rates are available for non owner occupied properties, call for details. The maximum combined loan to value(CLTV) on a primary residence with a combined first and second loan is 80%. Adequate homeowners insurance coverage is a requirement of this loan. Flood insurance may be required. Subject to credit approval. Minimum Line $10,000. Minimum Draw $500. APR is fixed for the first 12 months; thereafter, variable APR becomes adjustable monthly based on the Wall Street Journal Prime Rate plus 1%.Rate is subject to change after consummation.  Maximum APR 18%. Minimum APR  0%. Early termination fee may apply if Lien is discharged within 24 months.  Draw period for the first 5 years with interest only payments; then, 10 year repayment period.

Home Equity Loan
APR Based on $100,000. Annual percentage rates (APRs) shown are subject to change without notice. Rate is for owner occupied 1-4 family residences and second homes. Rates are available for non owner occupied properties.  The maximum combined loan to value(CLTV) on a primary residence with a combined first and second loan is 80%. Minimum Loan Amount $10,000. Adequate homeowners insurance coverage is a requirement of this loan. Flood insurance may be required. Closing cost range from $800 to $1300. Subject to credit approval. 

 

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