Real Estate Loan Rates

First Mortgages

Effective 10/03/2022

TermsRatesAPR*
1 Year - 5 Years6.000%6.077%
5+ Years - 10 Years6.000%6.041%
10+ Years - 15 Years6.250%6.280%
20 Years6.750%6.776%
30 Years6.875%6.896%

Second Mortgages

Effective 10/03/2022

TermsRatesAPR*
1 Year - 5 Years
(80% Loan-to-Value)
5.500%5.508%
5+ Years - 10 years
(80% Loan-to-Value)
5.625%5.629%
10+ Years - 15 Years
(80% Loan-to-Value)
5.750%5.753%
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1 Year - 5 Years
(85% Loan-to-Value)
7.000%7.008%
5+ Years - 10 years
(85% Loan-to-Value)
7.125%7.130%
10+ Years - 15 Years
(85% Loan-to-Value)
7.250%7.253%

 

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 08/01/2022

TermRateAnnual Percentage RateMonthly Payment
RevolvingPrime minus 0.25%6.750%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 6.25% APR* as of 09/21/2022. 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%.