Rates effective as of October 1, 2016.
|Conventional Fixed Rate Mortgage||Rates||Points||APR|
|25 Year Bi-Weekly||3.000%||0||3.020%|
The Annual Percentage Rate (APR) and Monthly Payment calculation is current as of September 1, 2016 and is based on loan amount of $165,000.00 with $41,250.00 down payment with .25 points. Interest rates are subject to change at any time without notice due to market conditions or borrower eligibility. The rates shown are based on rates for well-qualified applicants. Individual rates may vary. Monthly payment does not include property taxes or homeowners insurance. Your actual monthly payment may be greater. Mortgage insurance is required if the loan to value exceeds 80%. Homeowners insurance and flood insurance, if applicable, are required. Interest rates are subject to credit and property appraisal based on secondary market underwriting requirements. An appraisal will be required. Contact a Mortgage Loan Originator at 315-484-2205 for further details.
Minimum loan amount: $25,000
Maximum conforming loan amount: $417,000
For Jumbo loans (over $417,000), add 0.50% to conventional rates
Rates subject to change without notice
All loans subject to secondary market underwriting requirements
Contact Solvay Bank Mortgage Department for further details at 315-484-2205.