First Time Home Buyer Mortgage
Effective January 22, 2015

Term - 30 Years

  • Down Payment Equity - 5%
  • Points - 0
  • Rate** - 3.875%
  • APR* - 3.945%

Above APR's assume a $100,000 loan amount for term stated. Monthly payment example: 360 monthly payments of $4.70 per $1,000 borrowed at 3.875% Interest Rate with a corresponding 3.945% APR.

  • Above APR's reflect mortgage insurance premiums financed.
  • 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 which is required and calculated as part of the APR.
  • 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; 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.