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For more information
KARL KOWALCZYK
(217) 347-7255

 

Residential Mortgage Rates
(Owner Occupied Only)

Effective:

August 2, 2004

 

 



Adjustable Rate Mortgages

Index-U.S. government securities 1 Yr. Treasury and constant maturities.

One Year AML - Rate Subject to Change Annually

Margin - 3.5%, Caps - 2% Yearly and 6% Lifetime

Rate with 0 Point:

4.50% 

Rate with 1 Point:

N/A

Maximum term and amortization 30 years


Balloon Mortgages

Three Year Balloon - Rate remains fixed for the three-year term

Rate with 0 Point:

5.000%

 *APR

Rate with 1 Point:

 N/A

 *APR

Five Year Balloon - Rate remains fixed for the five-year term

Rate with 0 Point:

5.50%

*APR

Rate with 1 Point:

N/A

*APR


Fixed Rate Mortgages

Fifteen Year

Rate with 0 Point:

5.625%

*APR

Rate with 1 Point:

N/A

*APR

Rate with 2 Points:

N/A

 *APR

Twenty Year

Rate with 0 Point:

6.000%

*APR

Rate with 1 Point:

N/A

*APR

Rate with 2 Points:

 N/A

*APR

Thirty Year

Rate with 0 Point:

6.250%

*APR

Rate with 1 Point:

N/A

 *APR

Rate with 2 Points:

 N/A

*APR

Access our on line payment calculator


Our Strategic Plan

30 Days or Less From Application to Closing

At Market or Better Interest Rates

No Application Fees

Community Lender That Understands "Special Needs"

Approved V.A. and R.E.C.D. Lender

Willing To Meet with You at any Time or Place


Construction Loans – 5.500% with 0 point, 6-month term 


Example:

Purchase Price: $75,000.00

Loan Amount: $60,000.00

30 year fixed rate: Rate 7.625% APR 7.781%

Monthly Payment: $424.68

*The quoted APR (annual percentage rate) above assumes $100,000 mortgage with no PMI and 20% down

The above Mortgage Rates are subject to Secondary Market guidelines.

Loans up to 95% of value are available; please contact our office for further information.

 

ALL LOAN PROGRAMS AND RATES ARE SUBJECT TO CHANGE WITHOUT FURTHER NOTICE

Member FDIC