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- Owner Builder Mortgage -
- Preferred Home Equity Line of Credit -
- Home Equity Installment -
- Construction Mortgage -
- First Time Buyer Mortgage -
 
 

 
 
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Mortgage - Purchase and Refinance
         
Effective August 28, 2014
         

Term

Down Payment Equity

Rate**

Points APR*

15 Year

20% 3.375% 0 3.476%

20 Year

20% 4.000% 0 4.080%

30 Year

20% 4.250% 0 4.301%
         

Above APR's assume a $100,000 loan amount for term stated. Monthly payment example: 360 monthly payments of $4.92 per $1,000 borrowed at 4.250% Interest Rate with a corresponding 4.301% APR.

  • Outstanding mortgage lien balances will be used in calculations.
  • Above payment example does not include the required payment for escrow (taxes, insurance, etc.).
  • Interest may be tax deductible. Please consult your tax advisor.
  • Loan approval subject to Bank's Loan underwriting guidelines.
  • If down payment is less than 20% of purchase price, mortgage insurance is required.
  • Title insurance required. Fee paid by borrowers. 
  • Real estate appraisal required. Other closing costs may apply.
  • Maximum loan to value [LTV] ratio is 80%; requires minimum down payment/equity of 20%.
  • Hazard/Property insurance is required. Flood insurance may be required if real estate collateral is located in a flood zone. 
  • Mortgage satisfaction fee to be paid by borrower(s) at loan payoff.
  • Property must be owner-occupied and located in the Bank’s geographic lending area. 
  • Other interest rate/point configurations available. Call your nearest Charleroi Federal Savings Bank Office for details.
 

* Annual Percentage Rate

** Best rate available at Charleroi Federal Savings Bank; credit history may affect your interest rate/APR.

         
Owner Builder Mortgage
         
Effective August 28, 2014
         

Term

Down Payment Equity

Rate**

Points APR*

15 Year

20% 3.375% 2 3.852%

20 Year

20% 4.000% 2 4.362%

30 Year

20% 4.250% 2 4.504%
         

Above APR's assume a $100,000 loan amount for term stated. Monthly payment example: 348 monthly payments of $5.00 per $1,000 borrowed at 4.250% Interest Rate with a corresponding 4.504% APR.

  • Outstanding mortgage lien balances will be used in calculations.
  • Interest may be tax deductible, please consult your tax advisor.
  • Loan approval subject to Bank's Loan Underwriting Guidelines.
  • Title insurance required, with fee to be paid by borrower(s). 
  • Real estate appraisal required. Other closing costs may apply.
  • Maximum loan to value [LTV] is 80%; requires minimum down payment/equity of 20%.
  • Hazard/Property Insurance is required and Flood Insurance may be required if real estate collateral is located in a flood zone. 
  • Mortgage satisfaction fee to be paid by borrower(s) applies at loan/line of credit payoff.
  • Property must be owner occupied and located in the Bank’s geographic lending area. 
 

* Annual Percentage Rate

** Best rate available at Charleroi Federal Savings Bank; credit history may affect your interest rate/APR.

         
Preferred Home Equity Line of Credit
         
Effective August 28, 2014
         

Term

Minimum Amount

Maximum Amount

Rate** APR*

120 Months

$10,000 80% of Appraised Value 2.99% 2.99%
         
Monthly Payment Example: Under the monthly payment option, if you made only the minimum monthly payment and took no other credit advances, it would take 9 years and 4 months to pay off a credit advance of $10,000.00 at an ANNUAL PERCENTAGE RATE of 2.99%. During that period, you would make 111 payments varying between $125.00 and $100.00, with a final payment of $57.10. (payment does not include payment for escrow account (taxes, insurance, etc.)
 
  • 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” (Prime)] as published on the last business day of the month, currently 3.25% as of 04/19/2013 minus .26%. (Prime Rate 3.25% less .260% = 2.99% APR). This is a variable rate loan and the interest rate/APR may increase. Monthly payments vary based on account balance and interest rate/APR and minimum payment requirements.
  • Minimum APR is 2.99% (floor) and Maximum APR is 18.00% (ceiling).
  • Loan approval subject to Bank’s Loan Underwriting Guidelines. Offer is based on review of your credit history.
  • Minimum loan amount is $10,000 and maximum loan amount is $150,000.
  • Fees typically range between $650 and $750. 
  • Title insurance required, with fee to be paid by borrower(s) for loans over $150,000.
  • Real estate appraisal required (estimated $250 cost, paid up front by applicant).  
  • Property must be owner occupied primary residential property in Bank’s geographic lending area.
  • Borrower to pay Satisfaction Fee at time of mortgage loan payoff.
  • Interest may be tax deductible, please consult your tax advisor.
  • Maximum loan to value is 80%.  Outstanding mortgage lien balances will be used in calculation of equity.
  • Property insurance is required. Flood insurance may be required if real estate collateral is located in a flood zone.
  • Annual Maintenance Fee of $50.00.
  • Other rates and terms available.
 

* Annual Percentage Rate

** Best rate available at Charleroi Federal Savings Bank; credit history may affect your interest rate/APR.

         
Home Equity Installment
       
Effective August 28, 2014
       

Term

Maximum Amount

Rate** APR*

60 Months

80% of Appraised Value 3.500% 3.558%

120 Months

80% of Appraised Value 3.750% 3.808%

180 Months

80% of Appraised Value 3.900% 3.959%
       
Above APR assumes a $100,000 loan amount for term stated. Monthly payment example: 180 monthly payments of $7.35 per $1,000 borrowed at 3.900% Interest Rate with a corresponding 3.959% APR.  The above payment example does not include payment for taxes and property insurance and the actual payment obligation will be greater.  Other rates and terms available.
 
  • Loan interest may be tax deductible, please consult your tax advisor.
  • Loan approval subject to Bank's Loan Underwriting Guidelines.
  • Title insurance required for loans greater than $150,000 with fee to be paid by borrower(s). 
  • Real estate appraisal required (estimated $250 cost, paid up front by applicant). Other closing costs may apply.
  • Maximum loan to value [LTV] is 80%; outstanding mortgage lien balances will be used in calculation of equity.
  • Property Insurance is required and Flood Insurance may be required if real estate collateral is located in a flood zone. 
  • Mortgage satisfaction fee to be paid by borrower(s) applies at loan payoff.
  • Property must be owner occupied and located in the Bank’s geographic lending area. 
 

* Annual Percentage Rate

** Best rate available at Charleroi Federal Savings Bank; credit history may affect your interest rate/APR.

       
Full Contract Construction Mortgage
         
Effective August 28, 2014
         

Term

Down Payment Equity

Rate**

Points APR*

15 Year

20% 3.375% 1 3.709%

20 Year

20% 4.000% 1 4.215%

30 Year

20% 4.250% 1 4.397%
         

Above APR's assume a $100,000 loan amount for term stated. Monthly payment example: 348 monthly payments of $5.00 per $1,000 borrowed at 4.250% Interest Rate with a corresponding 4.397% APR.

  • Outstanding mortgage lien balances will be used in calculations.
  • Above payment example does not include the required payment for escrow account (taxes, insurance, etc.)
  • Interest may be tax deductible, please consult your tax advisor.
  • Loan approval subject to Bank's Loan Underwriting Guidelines.
  • If down payment is less than 20%, Private Mortgage Insurance may be required which increases the APR.
  • Title insurance required, with fee to be paid by borrower(s). 
  • Real estate appraisal required. Other closing costs may apply.
  • Maximum loan to value [LTV] is 80%; requires minimum down payment/equity of 20%.
  • Hazard/Property Insurance is required and Flood Insurance may be required if real estate collateral is located in a flood zone. 
  • Mortgage satisfaction fee to be paid by borrower(s) applies at loan/line of credit payoff.
  • Property must be owner occupied and located in the Bank’s geographic lending area. 
 

* Annual Percentage Rate

** Best rate available at Charleroi Federal Savings Bank; credit history may affect your interest rate/APR.

         
First Time Buyer Mortgage
         
Effective August 28, 2014
         

Term

Down Payment Equity

Rate**

Points APR*

30 Year

5% 4.125% 0 4.184%
 

Above APR's assume a $100,000 loan amount for term stated. Monthly payment example: 360 monthly payments of $4.85 per $1,000 borrowed at 4.125% interest rate with a corresponding 4.533% APR.

  • Above payment example does not include the required payment for escrow (taxes, insurance, etc.).
  • Applicants may not have had an ownership interest in residential real estate within the past three years prior to their loan application date under this program.
  • Household income limitations apply.
  • Other rates and terms available.
  • Interest may be tax deductible. Please consult your tax advisor.
  • Loan approval subject to Bank's loan underwriting guidelines.
  • Any down payment less than 20% of sale price requires mortgage insurance.
  • Title insurance required. Fee paid by borrower. 
  • Real estate appraisal required. Other closing costs may apply.
  • Hazard/Property insurance is required. Flood insurance may be required if real estate collateral is located in a flood zone. 
  • Mortgage satisfaction fee to be paid by borrower(s) at time of loan payoff.
  • Property must be owner occupied and located in the Bank’s geographic lending area. 
 

* Annual Percentage Rate

** Best rate available at Charleroi Federal Savings Bank; credit history may affect your interest rate/APR.

         
         
Rates subject to change without notice.
Please call or visit any one of our branch offices for further details.