Real Estate Loan Rates
First Mortgages
Effective 07/19/2019
| Terms | Rates | APR* |
|---|---|---|
| 1 Year - 5 Years | 2.99% | 3.031% |
| 5+ Years - 10 Years | 2.99% | 3.011% |
| 10+ Years - 15 Years | 3.00% | 3.015% |
| 20 Years | 3.25% | 3.262% |
| 30 Years | 3.50% | 3.509% |
Second Mortgages
Effective 07/19/2019
| Terms | Rates | APR* |
|---|---|---|
| 1 Year - 5 Years (80% Loan-to-Value) | 3.25% | 3.258% |
| 5+ Years - 10 years (80% Loan-to-Value) | 3.25% | 3.254% |
| 10+ Years - 15 Years (80% Loan-to-Value) | 3.50% | 3.503% |
| - | - | - |
| 1 Year - 5 Years (85% Loan-to-Value) | 4.50% | 4.508% |
| 5+ Years - 10 years (85% Loan-to-Value) | 4.75% | 4.754% |
| 10+ Years - 15 Years (85% Loan-to-Value) | 5.00% | 5.003% |
Construction Loans
Effective 07/19/2019
| Terms | Rates | APR* |
|---|---|---|
| 15 Year | 3.50% | 3.779% |
| 20 Year | 3.75% | 3.972% |
| 30 Year | 4.00% | 4.165% |
Rates are subject to change at any time. Rates will be updated on website weekly. Check back often.
* Annual Percentage Rate.
APR based on loan amount of $100,000;0 points; 10 days prepaid interest
Home Equity Lines of Credit
Effective 04/01/2020
| Term | Rate | Annual Percentage Rate | Monthly Payment |
|---|---|---|---|
| Revolving | Prime minus 0.25% | 3.00% | 1.50% of the outstanding balance, or $100.00, whichever is greater. |
Our Home Equity Line of Credit is a variable rate of Prime Minus .25% for the life of the loan. The rate is adjusted monthly based on Prime as shown in the Wall Street Journal. The prime rate is 3.25% APR* as of 03/15/2020. Hazard Insurance is required. Flood insurance is required where necessary. No minimum initial advance is required. We will lend up to 85% of the appraised value of your home, minus first mortgage. $5,000 minimum for line of credit. Maximum Annual Percentage Rate is 18.00%.