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473 Broadway Saratoga Springs, NY 12866
Phone: 518-584-5844

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Home Mortgage Rates

Home Mortgage Rates


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Mortgages

1-4 Family, Residential Owner-Occupied

Other loan options are available. Please call one of our Mortgage Specialist at 518-584-5844 for further details.

Now you can also apply for a Mortgage Loan online. Click here to start your application.

Rates are updated daily. Rates and APRs are accurate as of: October 22, 2014

Type
Term
(years)
Maximum
Loan to value
Points
Rate
APR*
Monthly Payment
per $1,000
Borrowed
Fixed 30 95% 0 4.00%

4.01%

$4.77

Fixed

15

95% 0 3.05%

3.07%

$6.93
5/1 Adjustable (ARM) 30 95% 0 3.25% 3.09% $4.35

Maximum loan amount: $417,000
*The Annual Percentage Rate (APR) is subject to change without notice. The APR is based upon an 80% loan-to-value ratio and a sample loan amount of $200,000. All loans are subject to application and approval. The monthly payment does not reflect amounts to be paid into escrow, such as insurance or taxes. Property insurance is required. Adjustable Rate Mortgages (ARMs) are subject to rate changes after the loan has closed. The 5/1 ARM interest rate is subject to increase at the end of the 5-year fixed rate period. Your interest rate may be adjusted annually thereafter and will be based on an index plus a margin. The interest rate will be based on the weekly average yield of the United States Treasury securities adjusted to a constant maturity of 1 year (your index), plus our margin.

These rates depend on your individual credit history and specific loan transaction. The loan pricing (rate and points) may only be locked in by the mortgage department upon approval.

Home Equity Line of Credit

1-4 Family, Residential Owner-Occupied &

1 Family, Second Homes

 

Type
Term (years)
Maximum
Loan to value
APR
Monthly Payment
per $1,000
Borrowed
Line of Credit
(1) (2)

15 year interest only draw period,
30 year total term
80% 1.99%* - 12 Month
Introductory Rate

3.25% - after 12
Months, Prime Rate - Variable

Payments vary based on
outstanding amount

Payments vary based on
outstanding amount

 

Home Equity Fixed Rate Loan

1-4 Family, Residential Owner-Occupied &

1 Family, Second Homes

 

Home equity loans are only applicable as 2nd liens only (cannot be in the first lien position).

Type
Term (years)
Maximum
Loan to value
APR
Monthly Payment
per $1,000
Borrowed
Loan (1) 5 80% 2.99% - Fixed $17.96
Loan (1) 10 80% 3.99% - Fixed $10.12
Loan (1) 15 80% 4.99% - Fixed $7.90

 


(1) All closing costs are waived on the condition that the Home Equity Line/Loan remains open for three years. (If the Bank attorneys require Title Insurance, you will pay the cost.) Should the Home Equity Line/Loan close prior to three years, all closing costs previously waived would be collected, estimated to range between $445 - $1,165 for loans up to $100,000.

This limited time offer is available on loans of $7,500 or more but less than $100,000 and is subject to change without notice. The maximum amount of the home equity line/loan based on the value of your property is determined by multiplying 80% of the appraised value of the property minus any outstanding mortgage loan amounts. All or part of the interest on a Home Equity Line/Loan may be tax deductible under the Tax Reform Law. We suggest you consult your tax advisor regarding the deductibility of the interest. Property insurance is required, which includes, if required, flood insurance.

(2) Home Equity Line of Credit
* NEW CUSTOMERS ONLY: The Home Equity Line for an 80% Loan to Value has an initial rate of 1.99% for 12 months, thereafter a variable rate with the Annual Percentage Rate (APR) calculated by adding 0% to the highest Prime Rate published by the Wall Street Journal. The rate cap is 24.99% and the rate floor is 3.25%.


Rates as of 10/22/2014 Rates and terms are subject to change without prior notice; other restrictions may appl
y.