Mortgage Rates
Effective Date: 11/19/2008
Adjustable Rate Mortgages |
| Program | Maximum Term | Interest Rate | Points | Annual Percentage Rate | Monthly P&I* PER $1,000 |
| 5/3 Program | 40 Years | 5.250% | 1 | 4.719% | $4.99 |
| 5/3 Program | 30 Years | 5.250% | 1 | 4.787% | $5.52 |
| 3 Year ARM | 30 Years | 5.000% | 1 | 4.608% | $5.37 |
| 7/1 Year ARM | 30 Years | 5.625% | 1 | 4.822% | $5.76 |
Owner-Occupied Mortgage Loans (1-4 Family)
Down Payment: 20%
Maximum Loan: $417,000 Single; $533,850 2-4 Family
* (P&I) Principal and Interest
-Convertible rate option may be available for qualified applicants.
-High LTV financing available for many owner/occupied programs w/PMI. Ask Loan Officer for details and APR.
-No point option available for Owner Occupied Products Fixed Rate and Adjustable Rate Mortgages. Ask Loan Officer for APR.
Effective Date: 11/19/2008
Fixed Rate Mortgages |
| Program | Maximum Term | Interest Rate | Points | Annual Percentage Rate | Monthly P&I* PER $1,000 |
| 30 Years | 30 Years | 5.750% | 2 | 5.937% | $5.84 |
| 20 Years | 20 Years | 5.750% | 2 | 6.000% | $7.02 |
| 15 Years | 15 Years | 5.375% | 2 | 5.686% | $8.10 |
| 10 Years | 10 Years | 4.875% | 2 | 5.314% | $10.55 |
| Bi-Weekly | 30 Years | 6.000% | 1 | 6.108% | $6.00 |
Owner-Occupied Mortgage Loans (1-4 Family)
Down Payment: 20%
Fixed Rate Loan Limits: 1 Unit, $417,000; 2 Unit, $533,850; 3 Unit, $645,300;
4 Unit, $801,950
Effective Date: 11/19/2008
First Time Homebuyer Programs |
| Program | Maximum Term | Interest Rate | Points | Annual Percentage Rate | Monthly P&I* PER $1,000 |
| 5/3 FTHB ARM | 30 Years | 5.375% | 0 | 4.746% | $5.60 |
| FTHB Fixed Bi-Weekly | 30 Years | 6.250% | 0 | 6.250% | $6.16 |
Owner-Occupied Mortgage Loans
Down Payment: 20%
Maximum Loan: $417,000 Single; $533,850 2-3 Family
* (P&I) Principal and Interest
-Minimum Down Payment for above first time homebuyer programs is 5%.
-Eligible properties 1-3 unit, owner occupied properties.
-Some income and property location restrictions may apply.
Ask Loan Officer for details.
Effective Date: 11/19/2008
Fixed Rate Mortgages - NO POINTS/NO CLOSING COSTS |
| Program | Maximum Term | Interest Rate | Points | Annual Percentage Rate | Monthly P&I* PER $1,000 |
| 30 Years | 30 Years | 6.750% | 0 | 6.750% | $6.49 |
| 15 Years | 15 Years | 6.375% | 0 | 6.375% | $8.64 |
| 10 Years | 10 Years | 5.875% | 0 | 5.875% | $11.04 |
Owner-Occupied Mortgage Loans (1-4 Family)
Down Payment: 20%
Minimum Loan Amount $100,000
Fixed Rate Loan Limits: 1 Unit, $417,000; 2 Unit, $533,850; 3 Unit, $645,300;
4 Unit, $801,950
Effective Date: 11/19/2008
Non-Owner Occupied Mortgage Loans |
| Program | Maximum Term | Interest Rate | Points | Annual | Monthly P&I* PER $1,000 |
| Bi-Weekly (Fixed) | 30 Years | 6.625% | 1 | 6.738% | $6.40 |
| 3 Year ARM | 25 Years | 6.000% | 1 | 5.101% | $6.44 |
| 5/3 Year ARM | 25 Years | 6.250% | 1 | 5.424% | $6.60 |
1-4 Family
Down Payment: 25%
Maximum Loan: $417,000 Single; $533,850 2-3 Family
Effective Date: 11/19/2008
Construction Loans |
| Program | Maximum Term | Interest Rate | Points | Annual Percentage Rate | Monthly P&I* PER $1,000 |
| 3 Year ARM | 25 Years | 7.000% | 1 | 5.470% | $7.07 |
Land must be approved buildable lot with paved street frontage.
Down Payment: 25%
Maximum Loan: $417,000
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