Rates as of 12/01/08
CONFORMING LOANS
"Conforming" loans are loans that currently do not exceed
$417,000.00, and where the borrowers meet specific guidelines
regarding credit, debt to income ratios, property types, etc. For
more information, call the Loan Department at our
Lebanon Branch at 513-932-3221
|
PRODUCT |
POINTS |
RATE |
APR* |
| 30 yr. fixed*** |
0 |
5.375 |
5.379 |
| 30 yr. fixed NO CC's*** |
0 |
5.750 |
5.753 |
| 20 yr. fixed |
0 |
5.375 |
5.379 |
| 15 yr. fixed |
0 |
5.125 |
5.129 |
| 10 yr. fixed |
0 |
N/A |
N/A |
APR = ANNUAL PERCENTAGE RATE
*** Loans > $140,000 with Escrow
*APR assumptions are on $120,000 loan amount with 5% down
Rates are subject to change at any time.
PORTFOLIO LOANS
"Portfolio" loans are for those borrowers who, for one or more
reasons, do not qualify for the more stringent requirement
guidelines of the Conforming or Jumbo loan products. These
loans are either Adjustable Rate Mortgages (ARMs) or Balloon
loans that are fully serviced by 1st National Bank. The
adjustable rates are based upon the
U.S. Treasury Yield + 4.00%
|
PRODUCT |
POINTS |
MARGIN |
RATE |
APR* |
| 1/1 ARM |
1.00 |
4.00 |
5.300 |
5.462 |
| 3/1 ARM |
1.00 |
4.00 |
5.900 |
6.027 |
| 5/1 ARM |
1.00 |
4.00 |
6.700 |
6.812 |
*APR assumptions are based on $100,000 loan amount.
Rates are
subject to change at any time.
Add .50% to Rate for investment property.Click
here
for
helpful information on the loan products offered, what to bring
with you when making application, and calculating an estimated
loan payment.
Click
here to
contact one of our loan officers.
