Personal Banking
Business Banking
Locations
About Us
Rates
 
 
 
 
FDIC Insurance Information
Privacy Disclosure
 
 
 
 

 

We’re offering fantastic rates on our Home Equity Installment Loans
and Preferred Home Equity Lines of Credit. 

 

Home Equity Installment
       
Effective September 26, 2012 - November 30, 2012
 

Term

Maximum Amount

Rate** APR*
60 Months 80% of Appraised Value 2.990% 3.032%
120 Months 80% of Appraised Value 3.500% 3.550%
180 Months 80% of Appraised Value 4.000% 4.058%
       
 

Loan is subject to Charleroi Federal Savings Bank [Bank] underwriting guidelines including your credit history. Maximum loan to value [LTV] is 80%. Outstanding mortgage lien balances will be used in calculation of equity. Minimum loan amount for promotion is $10,000 and the maximum loan amount is $150,000. Closing costs as low as $149.00. For loans greater than $150,000, borrower responsible to pay for Title Insurance. Promotional Interest Rate offer is available for new Bank home equity installment loan customers and does not apply to refinancing of any existing Bank loan accounts. These are the best interest rates available through Charleroi Federal Savings Bank; credit history may affect your interest rate. Property must be owner occupied and located in the Bank’s geographic lending area. Loan interest may be tax deductible, please consult your tax advisor. Promotional Offer expires November 30, 2012.

Monthly Payment example: Home Equity Installment Loan APR assumes a $50,000 loan amount with monthly payments of $898.21 for 60 months at 2.990% fixed interest rate with corresponding 3.032% APR. The above payment does not include payment for taxes and property insurance and the actual payment obligation will be greater. Other promotional interest rates and terms are available.

 
** Best rate available; credit history may affect your interest rate/APR
       
Home Equity Line of Credit
       
Effective July 6, 2012 - November 30, 2012
       

Term

Maximum Amount

Rate** APR*

120 Months

80% of Appraised Value 3.000% 3.000%
       
 

Loan is subject to Charleroi Federal Savings Bank [Bank] underwriting guidelines including your credit history.  Maximum loan to value [LTV] is 80%.  Outstanding mortgage lien balances will be used in calculation of equity.  Minimum line of credit amount for promotion is $10,000 and maximum loan amount is $150,000.  Promotional Interest Rate offer is available for new Bank lines of credit only and does not apply to refinancing of any existing Bank loan accounts.  These are the best interest rates available through Charleroi Federal Savings Bank; credit history may affect your interest rate.  Fees typically range from $650.00 to $750.00.  However, with this promotional offer, the fee to obtain a loan up to $150,000 is $149.00.  An additional fee for Title insurance is required for loans greater than $150,000.  Property Insurance is required and Flood Insurance as applicable.  Property must be owner occupied and located in the Bank’s geographic lending area.  Loan interest may be tax deductible, please consult your tax advisor.  Promotional Offer expires November 30, 2012.

Preferred Home Equity Line of Credit (HELOC) APR assumes a $10,000 loan amount.  This is an open-end variable rate loan based on Prime Rate (as published in the Wall Street Journal:  “U.S. Prime Rate”) currently 3.25% as of 12/31/2011 minus a margin of 0.25% [3.25% less 0.25% = 3.000% APR].  This is a variable rate loan and the interest rate/APR may increase.   Minimum Interest Rate/APR for the Preferred Home Equity Line of Credit is 3.00% APR [floor] and the maximum interest rate is 18.00% APR [ceiling]. 

 

** Best rate available; credit history may affect your interest rate/APR