Residential Real Estate Lending
Adjustable
Rate Mortgages Construction Loans Consumer Loans Commercial Lending |
Lafayette Loan Rates
Effective Date: August 14, 2008
Rates are Subject To Change Without Notice.
Mortgage Rates
The following rates require a 20%
downpayment
and are for one to four family, owner occupied residences.
90% financing also available with PMI (Private Mortgage Insurance).
Call
for details regarding our Rate Lock Program
Adjustable Rates
| Types | Caps | Points | Rate | APR** |
Monthly Payments per $1,000 |
| One Year ARM | 2%/6% | 0 |
4.500% 4.250% 4.000% |
5.196% 5.264% 5.332% |
$5.07 $4.92 $4.78 |
| Three Year ARM | 3%/6% | 0 |
4.750% 4.500% 4.250% |
5.516% 5.545% 5.575% |
$5.22 $5.07 $4.92 |
| Five Year ARM | 3%/6% | 0 1 2 |
5.500% 5.250% 5.000% |
5.970% 5.966% 5.962% |
$5.68 $5.53 $5.37 |
| 1st Time Home Buyer 5/1 ARM* | 2%/6% | 0 | 4.875% | 5.426% | $5.30 |
* minimum downpayment requirement of 5%
The
1/1, 3/3, 5/5 and 5/1 First Time Homebuyer adjustable rate mortgages have an
introductory discount
where the initial rate is less than the sum of the index and the margin.
This discount will be in effect for the initial period only. Payments
per thousand for the adjustable rate programs are based on the initial rate for
that introductory period. The APR (Annual Percentage Rate) is based on a
30 year term and is subject to change after consummation.
Fixed Rates
| Term | Points | Rate | APR** |
Monthly Payments per $1,000 |
| 30 Years | 0
|
6.500% 6.250% 6.000% |
6.512% 6.357% 6.201% |
$6.33 $6.16 $6.00 |
| 20 Years | 0 1 2 |
6.375% 6.125% 5.875% |
6.390% 6.266% 6.141% |
$7.39 $7.24 $7.10 |
| 15 Years | 0 1 2 |
6.000% 5.750% 5.500% |
6.019% 5.925% 5.832% |
$8.44 $8.31 $8.18 |
| 10 Years | 0 1 2 |
5.875% 5.625% 5.375% |
5.902% 5.874% 5.846% |
$11.04 $10.92 $10.86 |
Bi-weekly payment plans are available for fixed rate mortgages.
**Estimated APR includes points, if applicable, application and document preparation fees.
Consumer Loan Rates
Fixed Rate Home Equity Loans
| Type | Minimum/Maximum Loan Amounts | Term | APR |
Monthly Payments per $1,000 |
| Unsecured | $1,000 - $5,000 | Up to 5 Years | 8.000% | $20.28 |
| Secured | $10,000 - $100,000 | 1 to
5
Years 6 to 10 Years 11 to 15 Years |
5.625% 6.125% 6.375% |
$19.16 |
Home Equity Lines of Credit (Variable)
| Rate
is currently 5.00% APR*
*Rate is based on the Wall Street Journal Prime Rat published in the Wall Street Journal. The APR may vary. The minimum APR is 5.00% and the maximum APR is 18.00% during the line of credit. 5 Year Draw Period Loan Amounts Minimum $10,000-Maximum $100,000 |
Car Loan Rates
20% Downpayment Required
| Model Year | Maximum Term | APR |
Monthly Payments per $1,000 |
| New 2008 | 24 Months 36 Months 48 Months 60 Months |
5.50% 6.00% 6.50% 7.00% |
$44.10 $30.43 $23.72 $19.81 |
| Late 2007 | 24 Months 36 Months 48 Months |
5.75% 6.25% 6.75% |
$44.21 $30.54 $23.84 |
|
2007 2006 2005 2004 2003 |
36 Months 36 Months 36 Months 24 Months 24 Months |
6.50% 7.00% 7.50% 8.00% 8.50% |
$30.65 $30.88 $31.11 $45.23 $45.46 |
Unsecured Personal Loans
| Amount | Term | APR |
Monthly Payments per $1,000 |
| $1,000 - $5,000 | 24 Months
Max. 25-36 Months 37-48 Months |
9.00% 9.50% 10.00% |
$45.69 $32.04 $25.37 |
Other loan programs are
available. For more information about any of
our products and services please call (508) 679-1961 or e-mail us.
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