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Rates are effective as of February 2, 2012
FIXED RATE LOANS
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| Type |
Interest Rate |
Points |
APR** |
| 10 Year Fixed |
3.625% |
0% |
3.713% |
| 15 Year Fixed |
4.125% |
0% |
4.187% |
| 20 Year Fixed |
4.625% |
0% |
4.674% |
| 30 Year Fixed |
4.750% |
0% |
4.786% |
ADJUSTABLE RATE LOANS
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| Type |
Interest Rate |
Points |
APR** |
| 1 Year ARM |
3.000% |
0% |
5.752% |
| 3 Year ARM |
3.250% |
0% |
5.356% |
| 5 Year ARM |
3.500% |
0% |
5.778% |
| 7 Year ARM |
3.625% |
0% |
4.878% |
BALLOON RATE LOANS
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| Type |
Interest Rate |
Points |
APR** |
| 5 Year Balloon |
3.500% |
0% |
3.595% |
| 7 Year Balloon |
3.625% |
0% |
3.697% |
| 10 Year Balloon |
3.750% |
0% |
3.805% |
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| * All of the above rates apply to single to four family owner occupied residential property. Less than 20% downpayment requires Private Mortgage Insurance (PMI). |
| For Adjustable Rate Mortgage loans, the interest rate may increase after consummation of the loan. For Balloon Rate Mortgage loans, a balloon payment may be due at the maturity date. ** APR (Annual Percentage Rate) |
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| Mortgage Payment Examples |
| The annual percentage rate (APR) calculations are based on a loan amount of $100,000, without PMI, assuming a 30 year amortization. The following monthly payments would apply: |
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30 Year Fixed Rate |
$521.65 |
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5 Year Balloon |
$449.05 |
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1 Year ARM |
$421.61 |
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LOT LOANS
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| Type |
Interest Rate |
Points |
APR** |
| 5 Year Term |
6.500% |
1% |
6.833% |
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| 25% downpayment required on a platted fully improved subdivision. Fixed rate for a maximum 5 year term based on a 10 year amortization. |
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| For every $50,000 of credit, your monthly payment would be $567.74 per month. A balloon payment would be due on the maturity date of the loan. |
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| Construction\Permanent Loans are available on any Mortgage Loan Rate Product. |
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| Contact us for quotes on non-owner occupied 1-4 units, multi-family and commercial real estate loans. The interest rate and terms are negotiable. |
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