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Loan Rates

Current Owner-Occupied Mortgage Programs as of December 11, 2018 for residential purchases and refinances.

 

Fixed Rate Mortgage Plans (a)

Amortization Periods between 10 and 30 years

Loan Term Interest Rate Discount Points Annual Percentage Rate (APR) Total Number of Payments Sample Monthly Payment (a)

10 Years

3.500%  2 4.016% 120 $1,977.72

10 Years

4.000%  0 4.091% 120 $2,024.90

15 Years

3.750%  2 4.110% 180 $1,454.44

15 Years

4.250%  0 4.315% 180 $1,504.56

22.5 Years

4.000%  2 4.257% 270 $1,124.57

22.5 Years

4.500%  0 4.548% 270 $1,179.24

30 Years

4.250%  2 4.458% 360 $983.88

30 Years

4.750%  0 4.790% 360 $1,043.29
Rates with the payment of one discount point are also available.

 

Adjustable Rate Mortgage (ARM) Plans

Amortizations of up to 30 Years

One Year ARM - 1/1

Initial Rate Margin Current Index Interest Rate Caps Discount Points Annual Percentage Rate (APR) Number of Payments Estimated Monthly Payment (b) Months 1-12 Estimated Monthly Payment (b) Months 13-24 Estimated Monthly Payment (b) Months 25-36 Estimated Monthly Payment (b) Months 37-360
3.250% 2.750% 2.700% 2.0% / 6.0% 2 5.501% 360 $870.41 $1,097.78 $1,343.87 $1,604.34
3.750% 2.875% 2.700% 2.0% / 6.0% 0 5.499% 360 $926.23 $1,160.61 $1,412.86 $1,678.68
Loans may adjust only once each year based on the weekly average yield on United States Treasury Securities adjusted to a constant maturity of one year. Conversion Option available to qualified borrowers.
 

Three Year ARM - 3/3

Initial Rate Margin Current Index Interest Rate Caps Discount Points Annual Percentage Rate (APR) Number of Payments Estimated Monthly Payment (b) Months 1-36 Estimated Monthly Payment (b) Mos. 37-72 Estimated Monthly Payment (b) Mos. 73-360
3.500% 3.000% 2.780% 3.0% / 6.0% 2 5.419% 360 $898.09 $1,232.91 $1,585.31
4.000% 3.000% 2.780% 3.0% / 6.0% 0 5.364% 360 $954.83 $1,299.95 $1,661.51
Loans may adjust only once every three years based on the weekly average yield on United States Treasury Securities adjusted to a constant maturity of three years.
 

Five Year ARM - 5/5

Initial Rate Margin Current Index Interest Rate Caps Discount Points Annual Percentage Rate (APR) Number of Payments Estimated Monthly Payment (b) Months 1-60 Estimated Monthly Payment (b) Mos. 61-120 Estimated Monthly Payment (b) Mos. 121-360
3.750% 3.000% 2.770% 3.0% / 6.0% 2 5.213% 360 $926.23 $1,244.71 $1,552.71
4.250% 3.000% 2.770% 3.0% / 6.0% 0 5.225% 360 $983.88 $1,312.73 $1,630.40
Loans may adjust only once every five years based on the weekly average yield on United States Treasury Securities adjusted to a constant maturity of five years.

 

  1. Sample fixed-rate payments are calculated based on an assumed loan amount of $200,000 amortized over 10, 15, 22.5, or 30 years at the respective interest rates.
  2. Sample Adjustable Rate Mortgage payments are calculated based on the interest rate quoted and an assumed loan amount of $200,000 amortized over 30 years. After the initial period, rates and payments are based on the then-current index plus a margin, and may increase. Sample Payments for periods after the initial period were calculated assuming the interest rates increased by the maximum periodic and lifetime interest rate caps.

 

Note:
The above rates are subject to change without notice.
The above sample payments assume a purchase price of $250,000; a down payment of 20% ($50,000); and a loan amount of $200,000.
Payments shown above do not include amounts for taxes and insurance. Actual monthly payment obligations will be greater.
Rate lock period is 60 days from date of application.
The maximum loan amount is $500,000 for fixed rate programs and ARMs with conversion option. Jumbo mortgages are available, please call for a quote.
Eligible lending territory includes Wayne, Oakland, Macomb, Livingston, Washtenaw, Monroe, St. Clair and Lenawee Counties.
Please call us toll-free at 1-800-809-3372 for additional rate and cost information.