Residential Mortgages - Owner Occupied

Fixed Rate Mortgages

(Available Upon Request)

 

Adjustable Rate Mortgages

Type LTV Interest Rate Annual Percentage Rate Initial Monthly Payment
1/1 ARM 80% 4.00% (floor rate) 7.97% $725.07
3/1 ARM 80% 4.00% (floor rate) 7.47% $690.68
5/1 ARM 80% 4.00% (floor rate) 7.09% $665.30

Annual Percentage Rate is based upon  $100,000, 30 year loan.  Payment amount does not include real estate taxes or insurance and your actual monthly housing expense will be greater.  The index is based on the 1 year Constant Maturity U.S. Treasury Bill.  A margin of 2.75% will be added to the index to determine future rates.  Interest rate cannot increase more than 2% per year or 6% over the life of the loan. Future monthly payments will increase if the interest rate increases. Interest rates are subject to change at any time without notice. Rates are effective as of  March 21, 2023.

Home Improvements Loan

Type LTV Interest Rate Annual Percentage Rate Initial Payment
1/1 ARM 80% 4.00% (floor rate)

7.875%

$725.07

Annual Percentage Rate is based upon  $100,000, 30 year loan.  Payment amount does not include real estate taxes or insurance and your actual monthly housing expense will be greater.  The index is based on the 1 year Constant Maturity U.S. Treasury Bill.  A margin of 3.75% will be added to the index to determine future rates.  Interest rate cannot increase more than 2% per year or 6% over the life of the loan. Future monthly payments will increase if the interest rate increases. Interest rates are subject to change at any time without notice. Rates are effective as of March 21, 2023.

Home Equity Line of Credit - Owner Occupied

Type LTV Variable Interest Rate Annual Percentage Rate
Variable Up to 80% Rate varies with the Prime Rate.  The rate will never be less than 4.00%.  Rate will never exceed 19.0%.  4.50%

Payments are interest only or $50.00, whichever is greater.  Annual fee is $50.00 and is waived the first year.  If only the payment is made, there be a balloon payment due at loan maturity.  A prepayment penalty of $375.00 will be assessed if paid to zero AND closed within the first 3 years. Interest rates are subject to change any time without notice. Rates are effective as of April 26, 2022.

Construction Loans

Type Interest Rate
Fixed Call for current rates. 

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