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|
Mortgage Term |
Mortgage Rate |
|---|---|
|
Residential Land Loan Special (5-Yr Fixed-Rate Balloon based on 20-Yr Amortization) |
6.5% Rate (6.682% APR) |
Residential Land Loan Special: Special for purchase only; certain restrictions apply. The Interest Rate is 6.5% and the Annual Percentage Rate (“APR”) is 6.682% with a 10% down payment. There will be 59 monthly payments based on a 240-month amortization schedule, with a 60th and final balloon payment in an amount sufficient to pay off the entire remaining balance of the loan. For example, a $150,000 loan will be repaid in 59 monthly payments of $1,118.36 each and a 60th and final balloon payment in the amount of $129,501.98. These payments do not include taxes and required insurance, and the actual payment amounts will be greater. Interest Rate and APR are subject to change without notice and may vary based on the creditworthiness of the borrower, loan-to-value, loan amount, and loan purpose. The APR is effective May 13, 2026 and assumes a loan-to-value of 90%. Loans subject to credit approval.
Member FDIC/Equal Housing Lender (NMLS# 462552)