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Whether you are a First Time Home Buyer, need a traditional Mortgage or looking at Building your dream home - Fox Valley Savings Bank has the loan for you. Our experienced staff will work with you step by step to make sure you get the loan that fits your life and your plans. Your 'Next' Mortgage - 10% Down and No PMIWhen the time comes to buy a new house, you can get your 'next' mortgage at Fox Valley Savings Bank. Whether it is your 2nd, 3rd, 5th or 10th house you won't have to pay PMI (Private Mortgage Insurance). Even if you don't have your current mortgage with us, your 'next' mortgage will include: 10% down, a great rate, and the expertise of our lenders. This is an Adjustable Rate Mortgage for purchases only and does not include re-financing your current mortgage.
Mortgage Rates|
Type |
Rate |
APR |
Initial Rate Lock |
|
15 Year Fixed |
6.00% |
6.01% |
Life of Loan |
|
20 Year Fixed |
6.40% |
6.41% |
Life of Loan |
|
30 Year Fixed |
6.50% |
6.51% |
Life of Loan |
|
1 Year ARM - as low as |
5.65% | 5.73% |
1 Year |
|
1 Year ARM - as low as |
5.65% | 5.73% |
3 Years |
|
1 Year ARM - as low as |
5.99% |
5.85% |
5 Years |
|
|
APR is Annual Percentage Rate. Rates effective July 2, 2008; subject to change at any time. On ARM loans the APR may increase or decrease, according to the index, after the initial rate lock period. The rates shown are for 1-2 family, owner-occupied properties. Fixed rates require 20% down to avoid the private mortgage insurance (PMI). ARM loans require only 10% down to avoid PMI.
Construction Loan Rates
|
Type |
Rate |
APR |
Initial Rate Lock |
|
15 Year Fixed |
6.55% |
6.56% |
Life of Loan |
|
20 Year Fixed |
6.85% |
6.86% |
Life of Loan |
|
30 Year Fixed |
6.85% |
6.86% |
Life of Loan |
|
1 Year ARM - as low as |
5.65% |
5.73% |
1 Year |
|
1 Year ARM - as low as |
5.65% |
5.73% |
3 Years |
|
1 Year ARM - as low as |
5.99% |
5.85% |
5 Years |
|
|
APR is Annual Percentage Rate. Rates effective July 2, 2008; subject to change at any time. On ARM loans the APR may increase or decrease, according to the index, after the initial rate lock period. The rates shown are for 1-2 family, owner-occupied properties. Ask for information about investment properties, vacation homes, and commercial real estate.
First Time Home Buyer|
Type |
Rate |
APR |
Initial Rate Lock |
|
15 Year Fixed |
6.00% |
6.01% |
Life of Loan |
|
20 Year Fixed |
6.40% |
6.41% |
Life of Loan |
|
30 Year Fixed |
6.50% |
6.51% |
Life of Loan |
|
1 Year ARM - as low as |
5.65% | 5.73% |
1 Year |
|
1 Year ARM - as low as |
5.65% | 5.73% |
3 Years |
|
1 Year ARM - as low as |
5.99% |
5.85% |
5 Years |
|
|
APR is Annual Percentage Rate. Rates effective July 2, 2008; subject to change at any time. On ARM loans the APR may increase or decrease, according to the index, after the initial rate lock period. The rates shown are for 1-2 family, owner-occupied properties. Fixed rates require 20% down to avoid the private mortgage insurance (PMI). ARM loans require only 10% down to avoid PMI.
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