Mortgage
Rates
Notice
Mortgage applications secured by property located outside the Southwest Virginia/East Tennessee market area will not be accepted.
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1. |
Rate sheet is intended for use by real estate professionals only! |
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2. |
45 Day rate "lock-in" from date of commitment. Lock in does not apply to rates quoted by employees that deviate from the standard rates quoted by the corporation for that day. |
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3. |
PMI coverage required on Conforming Loans exceeding 80% LTV. |
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4. |
Rates, terms and policies are subject to change without notice. |
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5. |
Constr/Perm loans are made on an adjustable rate note with an option to convert upon completion with payment of $19.00 recording fee and a $250 modification fee. (1 year adjustable, index = 1YR T-Bill, Margin 3.00%, 2% annual cap, 6% lifetime cap). |
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6. |
5 year adjustable loans (Index = 5YR T-Bill, Margin 3.25%, 2% renewal cap, 6% lifetime cap). |
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7. |
Unless noted otherwise a 1st Deed of Trust position is required. |
Notice
Mortgage applications secured by property located outside the Southwest Virginia/East Tennessee market area will not be accepted.