| Fixed Rate Mortgage |
| Term |
Interest Rate |
Points |
APR* |
| 30 Year |
5.50% |
2 |
5.69% |
|
|
|
|
| 30 Year |
5.75% |
1 |
5.85% |
|
|
|
|
| 30 Year |
6.00% |
0 |
6.00% |
|
|
|
|
| 20 Year |
5.375% |
2 |
5.63% |
|
|
|
|
| 20 Year |
5.625% |
1 |
5.76% |
|
|
|
|
| 20 Year |
5.875% |
0 |
5.875% |
|
|
|
|
| 15 Year |
4.875% |
2 |
5.19% |
|
|
|
|
| 15 Year |
5.125% |
1 |
5.29% |
|
|
|
|
| 15 Year |
5.375% |
0 |
5.375% |
| *Annual
Percentage Rate (APR) is based upon a loan amount of $100,000 with a 20%
down payment. For example, a $100,000 loan at a fixed rate of 7.125%
would be paid in 360 equal monthly installments of $673.72. |
Adjustable Rate Mortgage
One-Year Adjustable Rate Mortgage |
| Term |
Interest Rate |
Points |
APR* |
Margin |
| 30 Year |
4.750% |
2 |
5.05% |
2.75 |
| 30 Year |
5.000% |
1 |
5.10% |
2.75 |
| 30 Year |
5.375% |
0 |
5.38% |
2.75 |
| *The
adjustable rates shown are the rates for the first year of your mortgage and
are based upon a 20% down payment. At 4.25% your monthly repayment
terms for the first year would be $4.92 per $1,000 borrowed. Rate
adjustments will occur after one year and will be based on the average
weekly yield on U.S. Treasury securities adjusted to a constant maturity of
one year plus a margin of 2.75 percentage points. Other terms and
conditions apply. |
Adjustable Rate Mortgage
Three-Year Adjustable Rate Mortgage |
| Term |
Interest Rate |
Points |
APR* |
Margin |
| 30 Year |
5.250% |
2 |
5.43% |
2.75 |
| 30 Year |
5.500% |
1 |
5.59% |
2.75 |
| 30 Year |
5.750% |
0 |
5.75% |
2.75 |
| *The rates
shown are the rates for the first three years of your mortgage and are based upon
a 20% down payment. At 4.25% your monthly repayment terms for the
first three years would be $4.92 per $1,000 borrowed. Annual rate
adjustments will occur after three years and will be based on the average
weekly yield on U.S. Treasury securities adjusted to a constant maturity of
one year plus a margin of 2.75 percentage points. Other terms and
conditions apply. |
Adjustable Rate Mortgage
Five-Year Adjustable Rate Mortgage |
| Term |
Interest Rate |
Points |
APR* |
Margin |
| 30 Year |
5.500% |
2 |
5.73% |
2.75 |
| 30 Year |
5.750% |
1 |
5.89% |
2.75 |
| 30 Year |
6.000% |
0 |
6.05% |
2.75 |
| *The rates
shown are the rates for the first five years of your mortgage and are based upon
a 20% down payment. At 4.25% your monthly repayment terms for the
first five years would be $4.92 per $1,000 borrowed. Annual rate
adjustments will occur after five years and will be based on the average
weekly yield on U.S. Treasury securities adjusted to a constant maturity of
one year plus a margin of 2.75 percentage points. Other terms and
conditions apply. |
Adjustable Rate Mortgage
Seven-Year Adjustable Rate Mortgage |
| Term |
Interest Rate |
Points |
APR* |
Margin |
| 30 Year |
5.750% |
2 |
5.94% |
2.75 |
| 30 Year |
6.000% |
1 |
6.10% |
2.75 |
| 30 Year |
6.250% |
0 |
6.26% |
2.75 |
|
|
|
|
| *The rates
shown are the rates for the first seven years of your mortgage and are based upon
a 20% down payment. At 4.25% your monthly repayment terms for the
first seven years would be $4.92 per $1,000 borrowed. Annual rate
adjustments will occur after seven years and will be based on the average
weekly yield on U.S. Treasury securities adjusted to a constant maturity of
one year plus a margin of 2.75 percentage points. Other terms and
conditions apply. |
| |
Loan advantages at The Valley:
Fast, Friendly Service
Low Down Payment
No Point Financing Available
Automatic Payment
Extra Help-First Time Home Buyers
Pre-qualification Letter available FDIC INSURED
FOR CURRENT RATES CALL (203) 720-5000
RATES SUBJECT TO CHANGE WITHOUT NOTICE |
