Mortgage Loans

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Information below is effective May 9, 2013  Rates and terms are subject to change at any time.

First Mortgage Loans

blueline
  • Application fee: $375.00 (Single family homes only)
  • Maximum Total Loan to Value 80%
  • Private Mortgage Insurance (PMI) required over 80% loan to value (LTV) PMI will increase the Annual Percentage Rate (APR)
  • Loans over $417,000.00 add .50% to all rates
  • Property insurance shall be required.
  • If an escrow account is required or requested, the actual monthly payment will also include amounts for real estate taxes and homeowner's insurance premiums.
  • Subject to credit approval.

Term

Interest Rate

Points

APR

15-Year Fixed Rate1

2.750%

0

2.803%

20-Year Fixed Rate2

3.375%

0

3.417%

30 Year Fixed Rate3

3.500%

0

3.530%

 5 Year Balloon4

2.875%

0

2.958%

10 Year Balloon5

3.500%

0

3.549%

 1  The above interest rate assumes a 20% down payment on a $100,000 loan with a 15-Year fixed term.  The principal and interest payment for this example would be $678.62, plus escrows.  APR subject to change.

 2  The above interest rate assumes a 20% down payment on a $100,000 loan with a 20-Year fixed term.  The principal and interest payment for this example would be $573.56, plus escrows.  APR subject to change.

 3 The above interest rate assumes a 20% down payment on a $100,000 loan with a 30-Year fixed term.  The principal and interest payment for this example would be $449.04, plus escrows.  APR subject to change.

 4  The above interest rate assumes a 20% down payment on a $100,000 loan with a 5 year Balloon with a 30 year amortization.  The principal and interest payment for this example would be 59 monthly payments of $414.89, plus escrows, and 1 balloon payment of $89,117.39 due at 5 year maturity date.  APR subject to change.

 5  The above interest rate assumes a 20% down payment on a $100,000 loan with a 10 year Balloon with a 30 year amortization.  The principal and interest payment for this example would be 119 monthly payments of $449.04, plus escrows, and 1 balloon payment of $77,876.64 due at 10 year maturity date.  APRsubject to change.

 

Equal Housing Lender_50

Registered Mortgage Loan Originators

Federal ID Number

James E Igo

801424

Kathleen M. Plunkett

802219

Craig A. Ruggeri

806220

Monette M. Withers

804495