Chesapeake Bank Portfolio Mortgage Rates
Single-Family Primary Residence and Second Homes Current as of July 25, 2008. (APR's based on $100,000 loan amount - Rates are subject to change without notice.)
30-Year Term - Maximum Loan-to-Value Ratio 80 %
| |
|
Interest Rate |
|
Annual Percentage Rate |
| |
|
|
|
|
3-Year Adjustable
Rate Mortgage (ARM):
|
|
6.990%
( No Points ) |
|
7.220% |
5-Year Adjustable
Rate Mortgage (ARM):
|
|
7.250%
( No Points ) |
|
7.509% |
| |
|
Interest Rate |
| Construction Loans: |
|
6.250% = 0.750 % Origination Fee (Class A Contractor)
Annual Percentage Rate: 9.413%
7.500% = 1 % Origination Fee (Owner- Contractor / Non-Class A Contractor)
Annual Percentage Rate: 11.272%
|
| Lot Loans: |
|
7.000% = 0.5 % Origination Fee (5-Year ARM, Amortized 20 years)
Annual Percentage Rate: 7.237%
|
| |
|
6.500% = 0.5 % Origination Fee (3-Year ARM, Amortized 20 years)
Annual Percentage Rate: 6.780%
|
|
