Mortgage Rates

*APR Annual Percentage Rate, LTV Loan to Value
Rates Effective: June 25, 2024
All rates are subject to change without notice.

Fixed Rate Mortgages In House Loan Types	Term		Initial Interest Rate	Points	APR*	Payment per $1,000
10-YR. Fixed	10-yr.		7.000%	0	7.208%	120 @ $11.61
15-YR. Fixed	15-yr.		7.750%	0	7.884%	180 @ $9.41
30-YR. Fixed	30-yr.		8.625%	0	8.753%	360 @ $7.78
The payment does not include insurance and taxes and the payment may be greater. Rates subject to change without notice. Add 1.000% to rate for investment properties.
Fixed Rate Mortgages Sold to Secondary Markets	Term		Interest Rate	Points	APR*	Payment per $1,000
15-YR. Fixed	180		6.500%	0	6.709%	180 @ $8.71
30-YR. Fixed	360		7.250%	0	7.383%	360 @ $6.82
The payment does not include insurance and taxes and the payment may be greater. Rates subject to change without notice. Loan limits - conventional owner occupied - Single Family $766,550 / Two Family $981,500/ Three Family $1,186,350/ Four Family $1,474,400.
Adjustable Rate Products	Term	Initial Interest Rate Period	Initial Interest Rate	Points	APR*	Initial Payment per $1,000	Max Payment Per $1,000 after 1st Adjustment	Fully Indexed Rate	Full Indexed Rate # Monthly Payments	Fully Indexed Rate EMP per $1,000
3/1-YR. ARM	30-yr.	3-years	7.250%	0	7.72%	36 @ $6.82	324 @ $7.51	8.10%	324	$7.61
5/1-YR. ARM	30-yr.	5-years	7.500%	0	7.75%	60 @ $6.99	300 @ $7.69	8.10%	300	$7.78
7/1-YR. ARM	30-yr.	7-years	8.000%	0	8.37%	84 @ $7.34	276 @ $8.05	8.10%	276	$8.00
10/1-YR. ARM	30-yr.	10-years	8.250%	0	8.40%	120 @ $7.51	240 @ $8.23	8.10%	240	$8.43
The payment does not include insurance and taxes and the payment may be greater. The current, fully-indexed rate is 8.10% FLOOR RATE OF ARM is 4.00% on the 3/1, 5/1, 7/1, and 10/1 ARM loan types. These are premium rates. Not to exceed 80% LTV or PMI. Add 1.000% to rate for investment properties. Adjustable rate mortgages are available for 1 to 4 family owner-occupied residences. Indexed to the weekly average yield on United States Treasury Securities adjusted to a constant maturity of one year as made available by the Federal Reserve Board in the Selected Interest Rate Publication H15 and as published in the Wall Street Journal. All adjustable rates are subject to increase after - consummation. The margin is 3% over the index.
First Time Home Buyer Rates	Term	Initial Interest Rate Period	Initial Interest Rate	Points	APR*	Payment per $1,000	Payment Per $1,000 after 1st Adjustment	Fully Indexed Rate	Full Indexed Rate # Monthly Payments	Fully Indexed Rate EMP per $1,000
3/1-YR. ARM	30-yr.	3-years	7.250%	0	7.72%	36 @ $6.82	324 @ $7.51	8.10%	324	$7.61
5/1-YR. ARM	30-yr.	5-years	7.500%	0	7.75%	60 @ $6.99	300 @ $7.69	8.10%	300	$7.78
7/1-YR. ARM	30-yr.	7-years	8.000%	0	8.37%	84 @ $7.34	276 @ $8.05	8.10%	276	$8.00
10/1-YR. ARM	30-yr.	10-years	8.250%	0	8.40%	120 @ $7.51	240 @ $8.23	8.10%	240	$8.43
The payment does not include insurance and taxes and the payment may be greater. The current, fully indexed rate is 8.10% FLOOR RATE OF ARM is 4.00% on the 3/1, 5/1, 7/1, and 10/1 ARM loan types. These are premium rates. Available to first time home buyers for the purchase of One to Four family Owner Occupied Residences; Minimum down payment 10% No PMI - 5% with PMI; Qualifying income ratios: 45%; Maximum loan amount $500,000. All adjustable rates are subject to increase after consummation. $500 towards closing costs. The margin is 3% over the index.
Home Equity Line of Credit	Term		Interest Rate	APR*	Payment Per $1,000
Home Equity Line of Credit	25-yr.		8.25%	8.25%	$8.45 interest only for the 10 year draw period.
VARIABLE MONTHLY FOR LIFE OF LOAN A.P.R.(annual percentage rate) as of 1st of month 8.25% (Wall Street Prime 5/31/2024 8.50% less .25% with a Floor of 4.00%) 1-4 family Owner Occupied - NO CLOSING COSTS - Maximum A.P.R. 18% - Minimum A.P. R. 4%. Not to exceed 80% LTV including 1st Mortgage - 10 Year Draw - 15 Year Payback Period. Property Insurance will be required. Minimum loan amount $25,000 - Maximum loan amount $500,000 Contact our loan department for investment property rates, terms and costs. Maximum A.P.R. 18%.
Home Equity Loans	Term		Interest Rate	APR*	Payment Per $1,000
5-YR. Fixed	5-yr.		6.875%	7.268%	60 @ $19.74
10-YR. Fixed	10-yr.		7.375%	7.591%	120 @ $11.81
15-YR. Fixed	15-yr.		7.625%	7.779%	180 @ $9.34
The payment does not include insurance and taxes and the payment may be greater.1-4 family owner-occupied properties. An appraisal may be required if loan to value is greater than 50% of assessed value less first mortgage. Appraisal costs are between $450 - $800. Maximum 80% LTV Minimum loan amount is $15,000.00.

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