Rates as of Thursday, April 6, 2017
|Points||Interest Rate||Annual Percentage Rate||Payment per $1,000||Payments||Apply|
|Seven/Three Year Adjustable Rate Construction Loan|
Term 30 years Caps 2%/6%
Rates are subject to change without notice. Loan limits and other restrictions may apply.
Annual Percentage Rate (APR) quoted above are based on a representative $100,000 loan amount, with 20% down payment/equity for the stated term and include the points listed plus a twelve month interest only construction period. Rates are not guaranteed until lock-in and subject to change without notice. All loan applications subject to credit underwriting and property approval. Homeowners' Insurance and flood insurance (if applicable) required. Private Mortgage Insurance (PMI) is not available. Loan rates are for a first lien position on single family owner-occupied residences up to $424,100. Call for rates available for 2-4 family owner occupied residences.
All Adjustable Rate Mortgage (ARM) APR's are predicated on a 30 Year Amortization. The Seven/Three Year ARM is based on the 3 Year TBill Index with a margin of 2.750. All adjustable rates mortgages (ARM) products are variable and may change after consummation of the loan. Any increase in APR will result in a higher payment.
*Available for owner occupied 1-4 family homes only