Loan Rates
All Annual Percentage Rates are accurate as of 09/26/2022 and are subject to change without notice.
Fixed Rate Residential Mortgages (1)
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| Maximum Loan Term |
Simple Annual Rate |
Annual Percentage Rate (APR) (2) |
Monthly Payment per $1,000 Borrowed (3) |
|---|---|---|---|
| 10 Years | N/A | N/A |
N/A
|
| 15 Years | N/A | N/A | N/A |
| 20 Years | 7.000% |
7.013%
|
$7.75 |
| 30 Years | 7.625% |
7.636%
|
$7.08
|
|
|
|
||
|
|
|
Adjustable Rate Residential Mortgages ("ARM") (4)
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| Mortgage Loan Product |
Initial Simple Annual Rate Period (5) |
Interest Rate Floor (6) |
Initial Simple Annual Rate |
Annual Percentage Rate (APR) (2) |
Initial Monthly Payment per $1,000 (3) |
Fully- Indexed Monthly Payment per $1,000 (3) |
|---|---|---|---|---|---|---|
| 1/1 ARM | 1 Year | 3.625% | 3.625% | 6.278% | $4.56 | $6.35 |
| 3/1 ARM | 3 Years | 3.750% | 3.750% | 5.860% | $4.63 | $6.26 |
| 5/1 ARM | 5 Years | 4.000% | 4.000% |
5.597%
|
$4.77 | $6.18 |
| 5/1 ARM FTHB (7) |
5 Years | 3.875% | 3.875% | 5.544% | $4.70 | $6.17 |
| 7/1 ARM | 7 Years | 4.250% | 4.250% | 5.438% | $4.92 | $6.12 |
| 10/1 ARM | 10 Years | 4.500% | 4.500% | 5.273% | $5.07 |
$6.03
|
Home Equity Lines of Credit
The interest rate on Home equity Lines of Credit is adjusted monthly and is equal to the Wall Street Journal Prime Rate as of the last business day of the prior month. Term is 10 years. Maximum combined loan-to-value is 80%. No points. Closing costs apply. Direct deposit account required. Loans are subject to underwriting approval.
Consumer Loans (8)
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| Loan Type | Simple Annual Rate | Annual Percentage Rate (APR) |
|---|---|---|
| New Vehicles up to 36 months |
5.125% | 5.125% |
| New Vehicles 37 to 60 months |
5.375% | 5.375% |
| Used Vehicles up to 48 months |
6.250% | 6.250% |
Commercial Loans
Please call one of our experienced Loan Officers to discuss rates and terms on commercial loans.
Notes:
(1)Fixed Rate Residential Mortgage Terms: Interest Rates, APRs and Payments apply to primary and secondary residential mortgages. Pricing adjustments for loan-to-value, credit score, cash out and other factors may apply and may increase APR. Loan amount limits apply. No Points. Closing costs apply. Direct deposit account required. Loans are subject to underwriting approval.
(2)APR is calculated based on a loan amount of $200,000 and maximum loan-to-value of 80%. Actual APR may vary based on loan amount and finance charges. Loan-to-value in excess of 80% may require private mortgage insurance which would increase the APR.
(3) Monthly payment shown includes principal and interest only. Taxes, property insurance, flood insurance (if applicable) and mortgage insurance (if applicable) are not included in the monthly payment amount shown. Your actual monthly payment amount may be higher. An escrow account may be required.
(4) Adjustable Rate Residential Mortgage Terms: Interest Rates, APRs and Payments apply to primary and secondary residential mortgages. Index is the weekly average yield on U.S. Treasury Securities adjusted to a constant maturity of one year for the week ending 09/16/2022. Current Index is 3.910%. Margin is 2.750%. The maximum amount that the Simple Annual Rate may increase or decrease (6) at any interest rate adjustment date is 2.00%. The maximum amount that the Simple Annual Rate may increase or decrease (6) over the life of the loan is 5.00%. Monthly payment is calculated based upon a Loan Term of 30 years which is the maximum term for these products. No Points. Closing costs apply. Direct deposit account required. Loans are subject to underwriting approval.
(5) The Initial Simple Annual Rate will be fixed for this period. After the Initial Simple Annual Rate Period, the Simple Annual Rate will be adjusted every 12 months, the APR may vary and the Monthly Payment may increase.
(6) The Simple Annual Rate cannot fall below the Interest Rate Floor over the life of the loan.
(7) First Time Home Buyer - Available to borrowers who have not owned property within the last three years. Bank will refund appraisal fee at closing.
(8) Maximum loan-to-value is 80%. Direct Deposit account required. Loans are subject to underwriting approval.