Homewood FSB


Loan Rates

Effective as of 05/01/2013
Conforming Mortgage Rates for up to $500,000
Limited to the State of Maryland
Type Term LTV Interest Rate Annual Percentage Rate Points Payment Per $1,000
Fixed 10 Years up to 95% 2.75% 2.910% 0 $9.54
Fixed 10 Years up to 95% 2.375% 2.745% 1 $9.37
Fixed 15 Years up to 95% 2.75% 2.860% 0 $6.78
Fixed 15 Years up to 95% 2.625% 2.879% 1 $6.72
Fixed 20 Years up to 95% 3.75% 3.838% 0 $5.92
Fixed 20 Years up to 95% 3.50% 3.702% 1 $5.79
Fixed 30 Years up to 95% 4.00% 4.064% 0 $4.77
Fixed 30 Years up to 95% 3.75% 3.896% 1 $4.63
3 Year Adjustable Rate Mortgage 30 Years up to 95% 2.50% 2.854% 0 $3.95
3 Year Adjustable Rate Mortgage 30 Years up to 95% 2.375% 2.905% 1 $3.88
5 Year Adjustable Rate Mortgage 30 Years up to 95% 2.875% 3.343% 0 $4.14
5 Year Adjustable Rate Mortgage 30 Years up to 95% 2.75% 3.380% 1 $4.08
Construction Permanent Loan 15 Years up to 80% 3.50% 3.790% 1/2 $7.14
Construction Permanent Loan 15 Years up to 80% 3.375% 3.811% 1 1/2 $7.08
Construction Permanent Loan 20 Years up to 80% 3.875% 4.105% 1/2 $5.99
Construction Permanent Loan 20 Years up to 80% 3.75% 4.095% 1 1/2 $5.92
Construction Permanent Loan 30 Years up to 80% 4.125% 4.294% 1/2 $4.84
Construction Permanent Loan 30 Years up to 80% 4.00% 4.253% 1 1/2 $4.77

Home Equity
Type Term LTV Interest Rate Annual Percentage Rate Points Payment Per $1,000
Fixed Rate 4 Years 80% 3.50% 3.508% 0 $22.35
Fixed Rate 5 Years 80% 3.75% 3.757% 0 $18.30
Fixed Rate 10 Years 80% 4.00% 4.003% 0 $10.12
Fixed Rate 15 Years 80% 4.25% 4.252% 0 $7.52
             

Home Equity LOC
Type Term LTV Interest Rate Annual Percentage Rate Points Payment Per $1,000
HOME EQUITY LOC NOT OFFERED AT THIS TIME            
             

Jumbo Mortgage Rates
Type Term LTV Interest Rate Annual Percentage Rate Points Payment Per $1,000
Fixed Rate 15 Years up to 95% 4.125% 4.148% 0 $7.45
Fixed Rate 15 Years up to 95% 4.00% 4.172% 1 $7.39
Fixed Rate 30 Years up to 95% 4.50% 4.513% 0 $5.06
Fixed Rate 30 Years up to 95% 4.375% 4.473% 1 $4.99
3 Yr Adjustable Rate Mortgage 30 Years up to 95% 3.125% 2.941% 0 $4.28
3 Yr Adjustable Rate Mortgage 30 Years up to 95% 3.00% 2.993% 1 $4.21
5 Yr Adjustable Rate Mortgage 30 Years up to 95% 3.50% 3.512% 0 $4.49
5 Yr Adjustable Rate Mortgage 30 Years up to 95% 3.375% 3.549% 1 $4.42
Construction Permanent Loan 15 Years up to 80% 4.25% 4.363% 1/2 $7.52
Construction Permanent Loan 15 Years up to 80% 4.125% 4.384% 1 1/2 $7.45
Construction Permanent Loan 30 Years up to 80% 4.75% 4.817% 1/2 $5.21
Construction Permanent Loan 30 Years up to 80% 4.625% 4.778% 1 1/2 $5.14

Notes
Homewood Federal offers Balloon Loans. Please call the office for details.
All rates based on owner-occupied dwelling only.
APR calculated on loans based at 80% LTV.
APR based on a loan balance of $100,001.00 for conforming loans and $500,001.00 for jumbo loans.
Home Equity Annual Percentage Rate (APR) is calculated on a loan balance of $100,000.00
All Adjustable Rate Mortgages are amortized over 30 years.
For Adjustable Rate Mortgages there is a 2% cap per 3 or 5 years.
For Adjustable Rate Mortgages there is a 6% cap over lifetime of loan on a 3 or 5 year adjustable mortgage.
Payment amounts listed above for adjustable rate mortgages are initial payments for the first 3 or 5 year term.
Please note that the annual percentage rate can increase or decrease after the consummation of the loan for all Adjustable Rate Mortgages.
Fees for appraisal and credit report may be required at time of application. Fees may vary.
Property and flood insurance may be required.
Since taxes and insurance are not included in the payment amount above, your actual monthly obligation would be greater.
Private Mortgage Insurance (PMI) required on LTVs over 80%.
All loans subject to bank's normal underwriting standards.
Equal Housing Lender
NMLS ID# 539405