First
Choice America
Loan Calculator
Mortgage Information
If you are interested in purchasing a new home or refinancing, we can help. We have a variety of first mortgage rates and terms available, including both fixed and adjustable rate loans.
Our lending area includes Hancock, Brooke, Ohio, and Marshall Counties in West Virginia, Jefferson, Columbiana, Belmont, and Harrison Counties in Ohio, and Allegheny, Beaver, and Washington Counties in Pennsylvania.
Membership eligibility is required. Please refer to Member Information. For more membership information click on the following link: Membership Info
Single Family/ Owner Occupied
ADJUSTABLE RATE LOANS
| 1 Year ARM | 3 Year Arm | |||
| Rate | 3.750% | 4.250% | 4.000% | 4.500% |
| Term (Points) | 30 Years | 30 Years | 30 Years | 30 Years |
| Points | 1.75 | 0 | 1.75 | 0 |
| Down Payment | 20% | 20% | 20% | 20% |
| Monthly Payment* | $259.35 | $275.49 | $267.36 | $283.75 |
| Annual Percentage Rate* |
3.214% | 3.113% | 4.165% | 4.132% |
| Index | 1Yr. Trea.Sec |
1Yr. Trea.Sec |
3Yr. Trea.Sec |
3Yr. Trea.Sec |
| Margin | 2.75% | 2.75% | 2.75% | 2.75% |
| Per
Adjustment Cap (+ or -) |
2% Maximum |
2% Maximum |
2% Maximum |
2% Maximum |
| Maximum
Lifetime Adjustment Cap |
6% | 6% | 6% | 6% |
* The above monthly payments and APRs are based on a purchase price of $70,000.00, a 20% down payment of $14,000.00, and a loan amount of $56,000.00. The monthly payments shown above are for the first 1 year or 3 year period of the loan. Payment amounts may increase or decrease thereafter. Due to Index fluctuations, the APR may increase after the loan closes. Stated rates are subject to change at any time.
FIXED RATE LOANS
| Rate | 3.875% | 4.375% | 4.125% | 4.625% | 4.500% | 5.000% | 4.625% | 5.125% |
| Term |
10 Years |
10 Years |
15 Years |
15 Years |
20 Years |
20 Years |
30 Years |
30 Years |
| Points | 2 | 0 | 2 | 0 | 2 | 0 | 2 | 0 |
| Down Payment | 20% | 20% | 20% | 20% | 20% | 20% | 20% | 20% |
| Monthly Payment* | $563.66 | $577.01 | $417.75 | $431.99 | $354.29 | $369.58 | $287.92 | $304.92 |
|
Annual Percentage Rate* |
4.352% | 4.420% | 4.458% | 4.657% | 4.763% | 5.025% | 4.818% | 5.144% |
* The above monthly payments and APRs are based on a purchase price of $70,000.00, a 20% down payment of $14,000.00, and a loan amount of $56,000.00. Stated rates are subject to change at any time.
Other Fixed and Adjustable rates, terms and points are available
Up to 95% financing available to qualified borrowers for both fixed and
adjustable rate first mortgage loans. Private mortgage insurance is
required on all first mortgage loans with greater than 80% financing.
Private mortgage insurance premiums will increase the stated APR and monthly
payment amount.
**Add .375 to any above stated rate for loan amounts greater than $417,000.00
Up to 80% financing is available for new home construction at the rates, terms, and points stated above.
Home Equity Line of Credit is Here with a Great Rate!
Need money for Education, Home Repairs, Vacation, Wedding Expenses, Debt Consolidation? It might be time for you to take advantage of a Home Equity Line of Credit from us! Call us today for rate information!
Contact
our Mortgage/Home Equity Department toll free at
1-800-427-4835 or email
us at Mortgage
Department
Rates are effective November 27, 2009
Rates Subject to Change Daily
All loans are subject to credit approval.
