Mortgage
Effective May 16, 2013
(All terms require down payment equity of 20%)
15 Year Term
- Points - 0
- Rate** - 3.000%
- APR* - 3.100%
20 Year Term
- Points - 0
- Rate** - 3.375%
- APR* - 3.454%
30 Year Term
- Points - 0
- Rate** - 3.750%
- APR* - 3.807%
Above APR's assume a $100,000 loan amount for term stated. Monthly payment example: 360 monthly payments of $4.63 per $1,000 borrowed at 3.750% Interest Rate with a corresponding 3.807% 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.
