Loan Programs

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Mortgage Rates

Account Title Rate Points APR* For every $1,000 borrowed, payment of principal & interest =
Conforming 15 Year Fixed 6.875% 0.000% 6.929% $8.92
Conforming 30 Year Fixed 7.125% 0.000% 7.159% $6.74
15 Year Fixed Super/Conforming 7.000% 2.000% 7.349% $9.10
30 Year Fixed Super/Conforming 7.500% 1.000% 7.617% $7.02

Rates effective as of 4/17/2024

* Annual Percentage Rate

Rate and terms are subject to change. This is not an offer to extend credit and is for informational purposes only.

APR is based on a $350,000 loan amount or a $850,000 loan amount for Super Conforming and Jumbo. APR for FHA includes upfront and monthly mortgage insurance premiums. Conforming rates are based on a purchase transaction, 30% equity,780 or better credit score and a single family owner occupied residence. Adjustable Rate mortgages are calculated based upon a 30 year amortization.

Rates, terms, and conditions are subject to change without notice. Rates on this page will not be honored at any time after a rate change.
 

To help determine the best loan program for you, consider the following:

  • How important is payment certainty? If knowing that your payment will be the same every month is important, consider a fixed-rate mortgage.
  • How important is rapid equity buildup? If rapid equity buildup is a factor, consider a shorter amortization period, such as a 15-year, fixed-rate mortgage.
  • Do you anticipate increasing or stable income? If income growth is anticipated, you could take advantage of a lower start rate on an ARM or a temporary buy down.

Other factors to consider include:

  • Ability to qualify at market rates for loan amount selected
  • Anticipated term of occupancy
  • Existence of up-front costs
  • Upon a predetermined date, your interest only payment will convert to a fixed principal and interest payment resulting in a higher monthly payment

Loan Programs

10, 15, 20 and 30-Year Fixed-Rate Mortgages

  • Interest rate does not change.
  • Principal and Interest (P & I) does not change.
  • Fixed-rate mortgages fully amortize over a defined period of time and are paid in-full at the end of the loan term.
  • Different loan terms are available (15- and 30-year terms are most popular).
  • The shorter the term, the faster equity is built and the loan is paid off.

Adjustable – Rate Mortgages (ARMs)

  • There is potential for the interest rate/ payment to fluctuate.
  • ARMs transfer to borrowers a portion of the risk associated with a changing economy.
  • In exchange for sharing the risk, ARMs offer borrowers initial interest rates that are substantially lower than fixed-rate mortgages.

First Time Home Buyer Program*

  • Up to 97% financing
  • Down payment may consist of 100% gift funds
  • Reduced mortgage insurance option available
  • No home buyer counseling or education required
  • Friendly, local service with great rates!

FHA Loans

  • Up to 96.5% Financing
  • Credit Scores as low as 620
  • Allowed use of Non Occupant Co-Signors to help qualify
  • Debt to income ratios as high as 54.99%

Affordable Housing Loans

  • Adjustable Rate Mortgage Product
  • 1.00% Reduction from Published Rate
  • Waived Application Fee
  • Waived Mortgage Insurance

*First time buyer defined as not having ownership in any property over the last 3 years. Single family residences only.