Mortgage Loan Rates

Effective Date: 

Tuesday, January 1, 2019

First Mortgages
Rates are subject to change daily. To access today's first mortgage rates, please call our Mortgage Department at 757.333.7787.


Second Mortgages ~ NO CLOSING COSTS***

            Term Maximum LTV* Annual Percentage Rate
Owner   0-60 months up to 80% 4.75% - 7.25%
Occupied   61-120 months up to 80% 5.50% - 8.00%
Property   121-180 months up to 80% 6.25% - 8.75%
         
Owner    0-60 months 80.01% - 90% 5.25% - 7.75%
Occupied   61-120 months 80.01% - 90% 6.00% - 8.50%
Property   121-180 months 80.01% - 90% 6.75% - 9.25%
         
Owner    0-60 months 90.01% - 95% 5.50% - 8.00%
Occupied   61-120 months 90.01% - 95% 6.25% - 8.75%
Property   121-180 months 90.01% - 95% 7.00% - 9.50%
         

Please note: for investment or unimproved property rates and terms, or for LTVs above 95%, please contact the Mortgage Department. Use our mortgage calculator to estimate a payment or click here to see examples.


Home Equity Lines of Credit** ~ NO CLOSING COSTS***

  Maximum LTV* Annual Percentage Rate
HELOC 95% 5.25% - 10.25%

Use our mortgage calculator to estimate a payment or click here to see examples.


Click here for Loan Rates | Click here for Credit Card Rates

 

Rates are accurate as of the effective date above and are subject to change without notice. Fees and closing costs may be incurred. Fee amounts based on appraisals, loan amount, flood certifications, title insurance and other determining factors. Rates may vary based on creditworthiness, loan term and amount and collateral conditions (LTV). Please contact the Mortgage Department for complete details. Maximum APR is 18.00%. Minimum APR not to go below our current floor rate.  Use our mortgage calculator to estimate a payment or click here to see examples.

*LTV = Loan To Value

**Variable equity line rate is based on the index of prime plus margin. Prime as of 09.27.2018 = 5.25%. Rate is subject to change quarterly.

***No closing costs unless an appraisal is needed or required.  Fee Reimbursement required if the loan is paid off in full or brought to zero within two years of funding.  Property insurance may be required as a condition of the loan.