For more information
KARL KOWALCZYK
(217) 347-7255
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Residential Mortgage Rates Effective: November 28, 2003 |
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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: |
4.875% |
Rate with 1 Point: |
4.625% |
Maximum term and amortization 30 years
Balloon Mortgages
Three Year Balloon - Rate remains fixed for the three-year term
Rate with 0 Point: |
5.50% |
*APR |
Rate with 1 Point: |
5.25% |
*APR |
Five Year Balloon - Rate remains fixed for the five-year term
Rate with 0 Point: |
6.00% |
*APR |
Rate with 1 Point: |
5.75% |
*APR |
Fixed Rate Mortgages
Fifteen Year
Rate with 0 Point: |
5.375% |
*APR |
Rate with 1 Point: |
N/A |
*APR |
Rate with 2 Points: |
N/A |
*APR |
Twenty Year
Rate with 0 Point: |
6.00% |
*APR |
Rate with 1 Point: |
N/A |
*APR |
Rate with 2 Points: |
N/A |
*APR |
Thirty Year
Rate with 0 Point: |
6.125% |
*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