Owner Builder Mortgage
Effective June 13, 2013
(All terms require down payment equity of 20%)
15 Year Term
- Points - 2
- Rate** - 3.000%
- APR* - 3.454%
20 Year Term
- Points - 2
- Rate** - 3.375%
- APR* - 3.731%
30 Year Term
- Points - 2
- Rate** - 3.750%
- APR* - 4.009%
Above APR's assume a $100,000 loan amount for term stated. Monthly payment example: 348 monthly payments of $4.72 per $1,000 borrowed at 3.750% Interest Rate with a corresponding 4.009% 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; 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.
