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Adjustable Rates see footnotes | Fixed rates |
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15 Year Fixed |
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TYPE |
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RATE |
PTS |
CAPS |
MARGIN |
APR |
RATE |
PTS |
APR |
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CONVENTIONAL/PERMANENT |
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1-4 Family Owner Occupied |
1 Year |
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5.625% |
0 |
2\6 |
2.750% |
8.0358% |
7.250% |
0 |
7.2655% |
(up to $214,600) |
3 Year |
* |
7.250% |
0 |
2\6 |
2.750% |
8.0722% |
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10% downpayment or more**** |
5 Year |
** |
7.375% |
0 |
2\6 |
2.750% |
7.9622% |
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10 Year |
*** |
8.500% |
0 |
2\6 |
2.750% |
8.4804% |
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1-4 Family Owner Occupied |
1 Year |
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5.875% |
0 |
2\6 |
2.750% |
8.0774% |
7.500% |
0 |
7.5063% |
(over $214,600) |
3 Year |
* |
7.500% |
0 |
2\6 |
2.750% |
8.1348% |
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10% downpayment or more**** |
5 Year |
** |
7.625% |
0 |
2\6 |
2.750% |
8.0605% |
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10 Year |
*** |
8.750% |
0 |
2\6 |
2.750% |
8.6624% |
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CONSTRUCTION TO PERMANENT |
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(up to $214,600) |
1 Year |
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5.625% |
0 |
2\6 |
2.750% |
5.6250% |
7.250% |
0 |
7.2500% |
10% downpayment or more**** |
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(over $214,600) |
1 Year |
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5.875% |
0 |
2\6 |
2.750% |
5.8750% |
7.500% |
0 |
7.5000% |
10% downpayment or more**** |
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INDIVIDUAL LOT LOANS |
1 year |
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10.250% |
0 |
2\6 |
3.500% |
9.3739% |
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40% downpayment or more |
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Maximum 10 year term |
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SECOND MORTGAGES |
1 year |
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10.250% |
0 |
2\6 |
3.000% |
8.8958% |
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1-4 family, owner-occupied |
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Maximum 20 year term |
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* Fixed for the first 3 years, then becomes adjustable every year thereafter. Also available in a construction mortgage at the same rate. |
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** Fixed for the first 5 years, then becomes adjustable every year thereafter. Also available in a construction mortgage at the same rate. |
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*** Fixed for the first 10 years, then becomes adjustable every year thereafter. Also available in a construction mortgage at the same rate. |
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*** Ten year ARM for no more than 25 years |
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**** Any loan with less than 20% downpayment will require private mortgage insurance. |
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All mortgage loans require a 2 year prepayment penalty of 1%
Mortgage rate on owner occupied second homes are 1/2% above stated rates
Maximum loan to value on condominiums (owner occupied only) is 75%
For all other mortgage loan products and specific terms and conditions on the above, please call the lending Department.
FHA mortgages are available - please call Cathy Macdonald or Karen Chipko at 203-757-9401
All rates are subject to change, please call the lending department for the most current rate information.
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