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TODAY'S RATES
Thanks for voting us #1 Lender in St. Charles County!
2009 Suburban Journal Readers Poll |
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| Conventional Fixed Rate: 30-Year |
| Conventional Fixed Rate: 15-Year |
| Rural Housing Loan Program |
| Other Flexible Loan Products |
Rates last updated on Monday, March 15, 2010
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Conventional Fixed Rate: 30-Year
A fixed rate mortgage is a great loan product for many homebuyers. Monthly payments and interest rates stay fixed for the length of the loan. A fixed rate mortgage can offer stability and the comfort of knowing that fluctuations in the market won't affect your rate or monthly payment. Also available in a 20-year term.
Term: 30 years
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| Rates | Points | APR |
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| 5.125% | 0% | 5.149% |
| | Based on $200,000.00 loan amount with 20% down payment, the principal and interest payment would be $1,088.97 |
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Conventional Fixed Rate: 15-Year
When compared to a 30-year fixed rate loan, the shorter 15-year term means that you pay less total interest over the duration of the loan, and finish paying off the loan in half the time. But keep in mind, your monthly payments may also be significantly higher with a 15-year term. Review your goals with a loan officer to determine which loan product is right for you.
Term: 15 years
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| Rates | Points | APR |
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| 4.5% | 0% | 4.541% |
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Based on $200,000.00 loan amount with 20% down payment, the principal and interest payment would be $1,529.99 |
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Rural Housing Loan Program
This special loan program offers up to 102% financing on homes in qualified rural areas of Lincoln, Warren, Pike and St. Charles Counties. Guaranteed by the USDA, this fixed-rate loan offers competitive rates, fixed payments, funds that may be used towards closing costs, and no mortgage insurance requirements.
Term: 30 years
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| Rates | Points | APR |
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| 5.125% | 0% | 5.325% |
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Based on $204,000.00* loan amount. No maximum loan amount. Household income guidelines apply; call for specific limits.The principal & interest payment would be $1,110.75* $204,000.00 loan amount assumes $200,000.00 plus the USDA Gurantee Fee of $4,000.00. |
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Other Flexible Loan Products
First State Bank offers several special loan programs for homebuyers. Call us for more information on a variety of other loan products, including:
- Adjustable-Rate Mortgages (ARMs)*
- Federal Housing Administration (FHA) Loans
- Home Equity Loans and Lines of Credit
- Personal Loans
* We are not currently accepting ARM (Adjustable Rate Mortgage) applications Online. If you are interested in one of our ARM products please call a loan officer or stop by one of our branch locations.
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Unless otherwise indicated, these APR calculations are based on the following: Conforming loans (whose maximum loan amount is below $417,000 for the contiguous states, District of Columbia, and Puerto Rico or below $625,500 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $200,000 with closing costs of $4,000. Jumbo Loans (whose maximum loan amount exceed $417,000 for the contiguous states, District of Columbia, and Puerto Rico or exceed $625,500 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $1,000,000 with closing costs of $20,000. Your actual APR may be different depending upon these factors.
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