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ACBLA’s Current Loan Rates

Thank you for inquiring about our rates. Please note the the rates are subject to change without notice.

Mortgage Calculators

Fixed Rate Mortgages

Applicable for 1-4 Family Owner Occupied Home Purchase, Construction, or Home Equity.

Term

Interest Rate

APR¹

10 Year Loan

2.75%

3.045%

15 Year Loan

3.00%

3.240%

20 Year Loan

3.75%

3.913%

Other Specific Rates and Terms are Available Upon Request.

Interest rate and Annual Percentage Rate (APR) are subject to change without notice and may vary based on the credit worthiness of the borrower, loan to value ratio, loan amount and loan purpose. The APR is accurate for fixed rate home mortgage of $100,000.00 with a loan to value ratio (LTV) of 80%.

The monthly principal and interest payment on $100,000.00 for 10- year is $954.11 , 15-year is $690.54, and 20-year is $592.89. These payments do not include tax escrow or insurance payments. Property insurance is required.


 

Adjustable Rate Mortgages

Applicable for 1-4 Family Owner Occupied Home Purchase, Construction, or Home Equity.

Product Name

Term

Interest Rate Adjustment Period

Interest Rate

APR¹

3/3 ARM

30 Year Loan

Adjusts Every 36 Months

2.5%

2.532%

Other Specific Rates and Terms are Available Upon Request.

Interest rate and Annual Percentage Rate (APR) are subject to change and may vary based on the credit worthiness of the borrower, loan-to-value ratio, loan amount and loan purpose. APR is based off $100,000 loan with a loan to value ratio (LTV) of 80% at an initial interest rate of 2.500%. The interest rate will adjust every 36 months. In the 4th year, the new interest rate will be based on an index (the weekly average yield for U.S. Treasury Securities adjusted to a constant maturity of one year rounded to the nearest one quarter percent), plus 2.500%. The adjustment is limited to an increase of 2 percentage points each adjustment period. The interest rate cannot decrease to less than 2.500%.

For example, for every $1,000 borrowed at the initial interest rate of 2.500% there will be 36 fixed payments (Years 1-3) of $3.95. During the next 36 payments (Years 4-6), the maximum amount that the interest rate can increase is 2 percentage points above previous rate or 4.500% at a maximum payment of $5.34. During the next 36 payments (Years 7-9), the maximum amount that the interest rate can increase is 2 percentage points above previous rate or 6.500% at a maximum payment of $6.87. During the final 252 payments (Years 10-30) the maximum amount that the interest rate can increase to is 8.500% at a maximum payment of $8.52. These payments do not include tax escrow or insurance payments. Property insurance is required. 


 

Home Equity Line of Credit

Adjustment Period

Index Plus/Minus Margin

Interest Rate/APR

Payment

Monthly

Prime Rate Minus 0.25%

3.00%

$627.41

5 Years

Prime Rate 

3.25%

$637.95

Other Specific Rates and Terms are Available Upon Request.

Interest rate and Annual Percentage Rate (APR) are subject to change without notice and may vary based on the credit worthiness of the borrower, loan to value ratio, loan amount and loan purpose. Payments based off a $50,000 loan balance with daily interest calculated for 31 days and 1.00% of the outstanding balance. Minimum payment of $50.00 or balance, whichever is less. This is a variable rate line of credit secured by a one-to-four family, owner-occupied property only. The variable annual percentage rate (APR) is based on the Wall Street Journal Prime Rate plus/minus a margin. Maximum APR is 18%. Minimum APR is 3.00%. Property and Flood Insurance may be required if applicable.


 

 

Non-owner occupied residential mortgages will be available in all the above plans at a 1% higher rate.

 

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