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Last update: September 3rd, 09:41
| CONVENTIONAL FIXED
RATE LOANS |
| Fixed rate mortgages offer homeowners
long-term security with no surprises. Available on 95% loans to $240,000.
Bi-weekly and first time homebuyer options are also available. |
| |
Rate |
Points |
APR |
| 30 Year Fixed |
6.375 |
0 |
6.417 |
| |
0 |
|
| 15 Year Fixed |
5.875 |
0 |
5.978 |
| |
|
|
| JUMBO FIXED RATE
LOANS |
| Larger loan amounts at fixed
rates. 95% loans to $350,000; 80% loans to $650,000; higher loan amounts
and Jumbo fifteen year loans are also available. Request a Loan Quote
to receive more information. |
| |
Rate |
Points |
APR |
| 30 Year Fixed |
6.75 |
0 |
6.705 |
| 15 Year Fixed |
6.625 |
0 |
6.688 |
| ADJUSTABLE RATE
MORTGAGE (ARM) |
| The 5-1 ARM is fixed for five
years, then adjusts annually based on a one year Treasury bill index
and margin (fixed constant). Adjustments are limited to 2% annually
and 6% over the life of the loan. Other similar options include 3-1
(fixed for three years), 7-1 (fixed for seven years) and 10-1 ARMs
(fixed for ten years then adjustable). |
| |
Rate |
Points |
APR |
| 7 - 1 ARM |
6.00 |
0 |
6.125 |
| 5 - 1 ARM |
5.875 |
0 |
6.00 |
| 1 Yr ARM |
5.125 |
0 |
5,375 |
| Adjustable |
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| Rates quoted represent only a sample of the programs we offer. Call
for more options. Rates are subject to change at any time. All APRs
on conventional loans shown are for $100,000 80% LTV loans. |
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