Real Estate Loan Rates
First Mortgages
Effective 1/16/2024
| Terms | Rate | APR* |
|---|---|---|
| 1 Year - 5 Years | 6.125% | 6.203% |
| 5+ Years - 10 Years | 6.125% | 6.167% |
| 10+ Years - 15 Years | 6.250% | 6.280% |
| 20 Years | 6.250% | 6.274% |
| 30 Years | 6.500% | 6.519% |
*APR=Annual Percentage Rate. Subject to Private Mortgage Insurance (PMI) eligibility for qualified borrowers. Other rules may apply. Mobile homes excluded. Must be for primary residence.
Second Mortgages
Effective 1/16/2024
| Terms | Rate | APR* |
|---|---|---|
| 1 Year - 5 Years (80% Loan-to-Value) | 6.625% | 6.633% |
| 5+ Years - 10 years (80% Loan-to-Value) | 6.625% | 6.629% |
| 10+ Years - 15 Years (80% Loan-to-Value) | 6.750% | 6.753% |
| - | - | - |
| 1 Year - 5 Years (85% Loan-to-Value) | 7.125% | 7.133% |
| 5+ Years - 10 years (85% Loan-to-Value) | 7.125% | 7.130% |
| 10+ Years - 15 Years (85% Loan-to-Value) | 7.250% | 7.253% |
* APR=Annual Percentage Rate. Rates are subject to change at any time. APR based on loan amount of $100,000 points; 10 days prepaid interest.
Home Equity Lines of Credit
Effective 8/01/2023
| Term | Rate | APR* | Monthly Payment |
|---|---|---|---|
| Revolving | Prime minus 0.25% | 8.25% | 1.50% of the outstanding balance, or $100.00, whichever is greater. |
*APR=Annual Percentage Rate. 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 published in the Wall Street Journal. The prime rate is 8.500% APR as of 07/26/2023. 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%.