Mortgage Rates
Effective Date: 01/31/2012
Rates subject to change. Rates posted weekly, contact a mortgage specialist for further information and to ask about our portfolio loan program. Columns below labeled “APR” refer to the “Annual Percentage Rate”.
For definitions of these and other home mortgage terms visit our Mortgage Terms page.
CONSTRUCTION LOAN
Interest on disbursed funds billed monthly
Type
|
Term | Rate | APR |
Points |
| Construction | 12 months | 6.500% | 8.470% | 0.00 |
VERMONT HOUSING FINANCE AGENCY
Maximum loan amount varies by county. Minimum 5% down
Type |
Term | Rate | APR | Points | Payment per $1,000 |
| Fixed | 30 yrs | 3.875% | 3.935% | (0.250) | 4.70 |
The annual percentage rate (APR) is based on a loan amount of $100,000 with a 20% down payment. Loans with less than a 20% down payment require private mortgage insurance (PMI), which is not included in the APR. Contact a mortgage specialist for higher loan-to-value options. Discount – The percentage that the initial interest rate is discounted from the fully indexed rate. A negative discount indicates the rate is higher than the fully indexed rate by that percentage.
Passumpsic Savings Bank • PO Box 38 • St. Johnsbury,VT 05819 • tel: (800) 370-3196
telebanking toll free (800) 581-1905; telebanking local (802) 751-4250
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