Mortgage
Effective July 17, 2014
(All terms require down payment equity of 20%)

15 Year Term

  • Points - 0
  • Rate** - 3.375%
  • APR* - 3.476%

20 Year Term

  • Points - 0
  • Rate** - 4.000%
  • APR* - 4.080%

30 Year Term

  • Points - 0
  • Rate** - 4.250%
  • APR* - 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 which increases the APR.
  • 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; 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.

 

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