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Mortgage - Purchase and Refinance |
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| Effective May 16, 2013 |
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Term
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Down Payment Equity |
Rate** |
Points |
APR* |
15 Year |
20% |
3.000% |
0 |
3.100% |
20 Year |
20% |
3.375% |
0 |
3.454% |
30 Year |
20% |
3.750% |
0 |
3.807% |
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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.
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* Annual Percentage Rate
** Best rate available at Charleroi Federal Savings Bank; credit history may affect your interest rate/APR. |
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| Effective May 16, 2013 |
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Term
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Down Payment Equity |
Rate** |
Points |
APR* |
15 Year |
20% |
3.000% |
2 |
3.454% |
20 Year |
20% |
3.375% |
2 |
3.731% |
30 Year |
20% |
3.750% |
2 |
4.009% |
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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.
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* Annual Percentage Rate
** Best rate available at Charleroi Federal Savings Bank; credit history may affect your interest rate/APR. |
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Preferred Home Equity Line of Credit |
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| Effective May 16, 2013 |
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Term
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Minimum Amount |
Maximum Amount |
Rate** |
APR* |
120 Months |
$10,000 |
80% of Appraised Value |
2.99% |
2.99% |
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| 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.) |
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- 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. However, with this promotional offer, the fee to obtain a loan up to $150,000 is $149.
- Title insurance required, with fee to be paid by borrower(s) for loans over $150,000.
- Real estate appraisal required.
- Promotional Interest Rate offer is available for new Charleroi Federal Savings Bank home equity line of credit loan only and does not apply to refinancing of any existing Charleroi Federal Savings Bank loan accounts.
- 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.
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* Annual Percentage Rate
** Best rate available at Charleroi Federal Savings Bank; credit history may affect your interest rate/APR. |
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| Effective May 16, 2013 |
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Term
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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% |
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| 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. |
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- 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. 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.
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* Annual Percentage Rate
** Best rate available at Charleroi Federal Savings Bank; credit history may affect your interest rate/APR. |
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Home Equity Installment Promotion |
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| Effective May 16, 2013 |
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Term
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Minimum Amount |
Maximum Amount |
Rate** |
APR* |
60 Months |
$10,000 |
80% of Appraised Value |
2.490% |
2.528% |
120 Months |
$10,000 |
80% of Appraised Value |
3.250% |
3.299% |
180 Months |
$10,000 |
80% of Appraised Value |
3.750% |
3.806% |
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Loan is subject to Charleroi Federal Savings Bank [Bank] underwriting guidelines including your credit history. Maximum loan to value [LTV] is 80%. Outstanding mortgage lien balances will be used in calculation of equity. Minimum loan amount for promotion is $10,000 and the maximum loan amount is $150,000. Closing costs as low as $149.00. For loans greater than $150,000, borrower responsible to pay for Title Insurance. Promotional Interest Rate offer is available for new Bank home equity installment loan customers and does not apply to refinancing of any existing Bank loan accounts. These are the best interest rates available through Charleroi Federal Savings Bank; credit history may affect your interest rate. Property must be owner occupied and located in the Bank’s geographic lending area. Loan interest may be tax deductible, please consult your tax advisor.
Monthly Payment example: Home Equity Installment Loan APR assumes a $50,000 loan amount with monthly payments of $887.15 for 60 months at 2.490% fixed interest rate with corresponding 2.528% APR. The above payment does not include payment for taxes and property insurance and the actual payment obligation will be greater. Other promotional interest rates and terms are available. |
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- 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. 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.
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* Annual Percentage Rate
** Best rate available at Charleroi Federal Savings Bank; credit history may affect your interest rate/APR. |
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Full Contract Construction Mortgage |
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| Effective May 16, 2013 |
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Term
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Down Payment Equity |
Rate** |
Points |
APR* |
15 Year |
20% |
3.000% |
1 |
3.250% |
20 Year |
20% |
3.375% |
1 |
3.571% |
30 Year |
20% |
3.750% |
1 |
3.893% |
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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 3.893% 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.
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* Annual Percentage Rate
** Best rate available at Charleroi Federal Savings Bank; credit history may affect your interest rate/APR. |
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First Time Buyer Mortgage |
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| Effective May 16, 2013 |
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Term
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Down Payment Equity |
Rate** |
Points |
APR* |
15 Year |
5% |
2.875% |
0 |
3.573% |
30 Year |
5% |
3.625% |
0 |
4.056% |
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Above APR's assume a $100,000 loan amount for term stated. Monthly payment example: 360 monthly payments of $4.56 per $1,000 borrowed at 3.625% interest rate with a corresponding 4.056% 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.
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* Annual Percentage Rate
** Best rate available at Charleroi Federal Savings Bank; credit history may affect your interest rate/APR. |
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| Effective May 16, 2013 |
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Term
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Minimum Amount |
Maximum Amount |
Rate** |
APR* |
12 - 24 Months |
$1,000 |
$3,000 |
13.500% |
13.726% |
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| Above APR's assume a $3,000 loan amount for term stated. Monthly payment example: 24 monthly payments of $47.78 per $1,000 borrowed at 13.50% Interest Rate with a corresponding 13.726% APR. |
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* Annual Percentage Rate
** Best rate available at Charleroi Federal Savings Bank; credit history may affect your interest rate/APR.
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| Effective May 16, 2013 |
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Type
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Term |
Maximum Amount |
Rate** |
APR* |
New |
12 - 48 Months |
$40,000 |
4.875% |
4.950% |
| 60 Months |
$40,000 |
5.000% |
5.076% |
| 72 Months |
$40,000 |
5.250% |
5.330% |
Used (2012 - 2011) |
12 - 48 Months |
80% of NADA Retail Value |
5.750% |
5.838% |
Used (2010 - 2009) |
12 - 42 Months |
80% of NADA Retail Value |
6.250% |
6.347% |
Used (2008 - 2007) |
12 - 36 Months |
80% of NADA Retail Value |
7.000% |
7.111% |
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| Above APR's assume a $40,000 loan amount for term stated. Monthly payment example: 36 monthly payments of $30.88 per $1,000 borrowed at 7.000% Interest Rate with a corresponding 7.111% APR. |
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* Annual Percentage Rate
** Best rate available at Charleroi Federal Savings Bank; credit history may affect your interest rate/APR. |
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Rates subject to change without notice.
Please call or visit any one of our branch offices for further details. |
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