Mortgage Rates
| Product Description | Interest Rate as of
September 26, 2022 |
Annual Percentage Rate | Points | Monthly Payments | Monthly Payments per $1,000 |
|---|---|---|---|---|---|
| PURCHASE SPECIAL-30 Year Fixed* | 7.125% | 7.227% | 0 | 360 | $6.74 |
| 30 Year Fixed | 7.250% | 7.353% | 0 | 360 | $6.82 |
| 30 Year Fixed | 7.000% | 7.305% | 2 | 360 | $6.65 |
| 20 Year Fixed | 7.125% | 7.258% | 0 | 240 | $7.83 |
| 20 Year Fixed | 6.875% | 7.270% | 2 | 240 | $7.68 |
| 15 Year Fixed | 4.750% | 4.889% | 0 | 180 | $7.78 |
| 15 Year Fixed | 4.500% | 4.944% | 2 | 180 | $7.65 |
Annual Percentage Rates (APRs) listed above are based on a loan amount of $100,000, purchase money or no cash out refinance transaction of an owner occupied single family primary residence and a maximum LTV of 60%. The interest rate and APR available may vary based on loan amount, credit score, LTV, property type and appraisal review. The interest rates, annual percentage rates (APRs), points and rebates shown are subject to change without notice. The monthly payment amount shown includes principal and interest. Taxes and insurance are not included in the monthly payment amount. Homeowner’s insurance and flood insurance (if applicable) are required. Private Mortgage Insurance (PMI) required if down payment is less than 20%. Your actual monthly payment amount may be higher. An escrow account may be required. Your APR will vary based on your final loan amount and finance charge. Maximum loan subject to FNMA/FHLMC limits.
*Must be an owner occupied, primary residence, purchase.
Home Equity Products
| Product Description | Interest Rate | Annual Percentage Rate | Points | Monthly Payments | Monthly payment per $1,000 |
|---|---|---|---|---|---|
| 15 Year HE Loan* | 4.750% | 4.750% | 0 | 180 | $7.78 |
| 10 Year HE Loan* | 4.500% | 4.500% | 0 | 120 | $10.36 |
| 5 Year HE Loan* | 4.250% | 4.250% | 0 | 60 | $18.53 |
| HELOC** | 6.250% | 6.250% | 0 | 300 | |
| HELOC with Intro** | Intro Rate: 2.49% for 12 months Current Rate: 6.250% |
2.490% | 0 | 300 |
*Payments do not include Real Estate Taxes & Insurance. The actual payment may be greater. Minimum loan is $5,000. Maximum loan is $250,000.
** HELOC – The Annual Percentage Rate (APR) is equal to the Prime Rate as published in the Wall Street Journal on the last business day of the previous month with a floor of 3.49%. HELOC with Intro APR of 2.49% is fixed for 12 months. Thereafter, the APR becomes a monthly variable rate equal to the Prime Rate as published in the Wall Street Journal on the last day of the previous month with a floor of 3.49%. For all HELOC products, the APR will never exceed 18.00% or drop below 3.49%. Minimum credit line is $10,000 and maximum credit line is $250,000. 119 months draw / 181 months repayment. This offer is subject to change without notice and is available for new lines.
All HE Loan and HELOC applications will be subject to credit acceptance and property approval. Closing costs may range from $240.00 to $775.00 and are lender paid. Conditions may apply. However, if you should pay off and terminate the HELOC prior to the third anniversary of the agreement date, you will reimburse the lender for the closing costs that were paid by the bank on your behalf. If you request an independent appraisal, you will be responsible for the cost which is estimated between $450.00 and $650.00. Offers are available for owner-occupied 1-4 family properties only. HELOC with Intro APR of 2.490% available for primary residence 1-4 family properties only. Homeowner’s insurance and flood insurance (if applicable) required. Consult your tax advisor regarding interest deductibility.
Adjustable Rate Mortgages (ARM)
| Product Description | Interest Rate | FULLY INDEXED INTEREST RATE as of September 19, 2022 | ANNUAL PERCENTAGE RATE | POINTS | MONTHLY PAYMENTS | Monthly Payments per $1,000 | Monthly Payments per $1,000(Fully Indexed) |
|---|---|---|---|---|---|---|---|
| 7/3 ARM Affordable* | 2.990% | 6.250% | 4.576% | 0 | 360 | $4.21 | $6.16 |
| 3/3 ARM | 3.000% | 6.250% | 5.297% | 0 | 360 | $4.22 | $6.16 |
| 5/5 ARM | 3.250% | 6.125% | 4.907% | 0 | 360 | $4.35 | $6.08 |
| 3/3 ARM JUMBO** | 3.250% | 6.250% | 5.403% | 0 | 360 | $4.35 | $6.16 |
| 5/5 ARM JUMBO** | 3.500% | 6.125% | 5.060% | 0 | 360 | $4.49 | $6.08 |
| 10/6 Month ARM | 4.375% | 5.000% | 4.654% | 0 | 360 | $4.99 | $5.37 |
| 7/6 Month ARM | 4.125% | 5.000% | 4.653% | 0 | 360 | $4.85 | $5.37 |
| 5/6 Month ARM | 3.875% | 5.000% | 4.662% | 0 | 360 | $4.70 | $5.37 |
| 10/6 Month ARM JUMBO** | 4.625% | 5.000% | 4.842% | 0 | 360 | $5.14 | $5.37 |
| 7/6 Month ARM JUMBO** | 4.375% | 5.000% | 4.774% | 0 | 360 | $4.99 | $5.37 |
| 5/6 Month ARM JUMBO** | 4.125% | 5.000% | 4.754% | 0 | 360 | $4.85 | $5.37 |
Annual Percentage Rates (APRs) listed above are based upon 20% down and subject to change without notice. Listed rates apply only to 1-4 family, owner-occupied homes. Rates vary based on credit score, loan to value, property type and appraisal review. Rates and APRs may increase after consummation. The monthly payment amount shown includes principal and interest. Taxes and insurance are not included in the monthly payment amount. Homeowner’s insurance and flood insurance (if applicable) are required. Private Mortgage Insurance (PMI) required if down payment is less than 20%. Your actual monthly payment amount may be higher. An escrow account may be required. Your APR will vary based on your final loan amount and finance charge. Maximum loan subject to FNMA/FHLMC limits.
*Disclosed APR may be available for as little as 3% down. Income limits apply.
**Jumbo loan rates apply for loans above FNMA/FHLMC limits
Construction
| Product Description | Interest Rate | FULLY INDEXED INTEREST RATE as of September 19, 2022 | ANNUAL PERCENTAGE RATE | POINTS | MONTHLY PAYMENTS | Monthly Payments per $1,000 | Monthly Payments per $1,000 (Fully Indexed) |
|---|---|---|---|---|---|---|---|
| 10/6 Month ARM | 4.875% | 5.000% | 4.956% | 0 | 360 | $5.30 | $5.37 |
| 7/6 Month ARM | 4.625% | 5.000% | 5.145% | 0 | 360 | $5.22 | $5.37 |
Annual Percentage Rates (APRs) listed above are based upon 20% down and subject to change without notice. Listed rates apply only to 1-4 family, owner-occupied homes. Rates vary based on credit score, loan to value, property type and appraisal review. Rates and APRs may increase after consummation. The monthly payment amount shown includes principal and interest. Taxes and insurance are not included in the monthly payment amount. Homeowner’s insurance and flood insurance (if applicable) are required. Private Mortgage Insurance (PMI) required if down payment is less than 20%. Your actual monthly payment amount may be higher. An escrow account may be required. Your APR will vary based on your final loan amount and finance charge. Maximum loan subject to FNMA/FHLMC limits.
