Rates
Auto Loan Rates
Up to 100% Financing on New Cars. Maximum Loan Amount for New Cars is $50,000. Minimum down payment for Used Cars is 10%.
Effective Date: 12/31/2008
Automobile |
| Term | New Car (2008 and dealer left over 2007) APR* | Monthly Principal & Interest per $1,000 borrowed | Used Car (2007, 2006, 2005) APR | Monthly Principal & Interest per $1,000 borrowed |
| 12 Mos. | 5.25% | $85.72 | 6.00% | $86.07 |
| 24 Mos. | 5.25% | $43.98 | 6.25% | $44.43 |
| 36 Mos. | 5.25% | $30.08 | 6.50% | $30.65 |
| 48 Mos. | 5.50% | $23.26 | 6.75% | $23.83
(2007 &
2006 only) |
| 60 Mos. | 5.75% | $19.22 | N/A | N/A |
*APR (Annual Percentage Rate)
Home Equity Line of Credit
Effective Date: 12/31/2008
Home Equity Line of Credit |
| Product | Annual Percentage Rate | Minimum Payment Options | Loan to Value | Term |
| Monthly Variable* | Prime Rate minus 1.00% (as of 11/30/08 Prime Rate is 4.00%) | 1% of outstanding balance (P&I) not less than $100 per month** | 80% w/EBSB 1st Mortgage and 75% w/all other banks | 15 Year Total Term. 10 Year Draw. Remaining 5 Years, Fixed P&I repayment of outstanding balance. |
Closing costs may apply in some situations (all Prime Line Products). Annual fee $25.00 Early termination fee of $250 applies for loans closed within first 12 months. Minimum annual percentage rate 4.00%. Maximum APR not to exceed 18%. Consult your tax advisor regarding deductibility of interest.
Additional fees may be applicable if the Prime Line will be a first mortgage.
Prime Rate as published in the Wall Street Journal on the last business day of the month.
**Note: An Interest Only option is also available with this product.
Fixed Rate Mortgages
Effective Date: 12/31/2008
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 | 5.875% | 0 | 5.875% | $5.92 |
| 15 Years | 15 Years | 5.625% | 0 | 5.625% | $8.24 |
| 10 Years | 10 Years | 5.500% | 0 | 5.500% | $10.85 |
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
Adjustable Rate Mortgages
Effective Date: 12/31/2008
Adjustable Rate Mortgages |
| Program | Maximum Term | Interest Rate | Points | Annual Percentage Rate | Monthly P&I* PER $1,000 |
| 5/3 Program | 40 Years | 5.000% | 1 | 4.285% | $4.82 |
| 5/3 Program | 30 Years | 5.000% | 1 | 4.371% | $5.37 |
| 3 Year ARM | 30 Years | 4.750% | 1 | 4.160% | $5.22 |
| 7/1 Year ARM | 30 Years | 5.375% | 1 | 4.310% | $5.60 |
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.
First Time Homebuyer
Effective Date: 12/31/2008
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 | 5.125% | 0 | 4.331% | $5.44 |
| FTHB Fixed Bi-Weekly | 30 Years | 5.375% | 0 | 5.375% | $5.60 |
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.
Construction Mortgage Rates
Effective Date: 12/31/2008
Construction Loans |
| Program | Maximum Term | Interest Rate | Points | Annual Percentage Rate | Monthly P&I* PER $1,000 |
| 3 Year ARM | 25 Years | 6.750% | 1 | 5.081% | $6.91 |
Land must be approved buildable lot with paved street frontage.
Down Payment: 25%
Maximum Loan: $417,000
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