3Rivers Mortgages & Home Equity Loans
Whether you’re in the market to build, buy, or renovate, our home loan options are customized to fit your unique mortgage needs. We can help make your home-ownership dreams a reality!
Mortgage Loan Options
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|Program Name||Rate (as low as)1||APR2||Points|
|30 Year Fixed (Conforming)||6.750%||6.880%||0.000%|
|20 Year Fixed (Conforming)||6.625%||6.794%||0.000%|
|15 Year Fixed (Conforming)||6.875%||7.088%||
|10 Year Fixed (Conforming)||6.375%||6.671%||0.000%|
1Rates are subject to change without notice and are based upon borrower qualifications and credit review. Rate posted assumes the purpose of the loan is to purchase a primary residence, loan amount of $150,000, Loan to Value of 60% or less, Debt to Income ratio of less than 40%, credit score of 780 or above.
2Annual Percentage Rate (APR) is calculated based on a loan amount of $150,000.00.
|Second Mortgage||Loan Amount||Term1||Rate||APR1|
|Interest Only Home Equity LOC||$10,000 - $100,000||60 month term loan. Monthly payment will be all accrued yet unpaid finance charges due.||as low as 8.50%||9.342%|
|Closed End Second Mortgage 60||$10,000 - $100,000||60 months||as low as 7.00%||7.830%|
|Closed End Second Mortgage 120||$20,000 - $100,000||120 months||as low as 8.00%||8.228%|
|Closed End Second Mortgage 180||$50,000 - $100,000||180 months||as low as 8.50%||8.567%|
|Fixed Home Equity LOC||$10,000 - $100,000||5 year draw period, Interest only payment. 10 year repayment at conclusion of draw period||as low as 10.00%||10.348%|
1APR=Annual Percentage Rate. All rates advertised are based upon borrowers qualifications. Rate for Interest Only Home Equity LOC is based on prime (index), as published in the Wall Street Journal, plus a margin. Index plus margin equals the Interest Rate. Current prime is 7.75%. Interest rate will never be less than 3% nor greater than 18%.
All home lending products are subject to credit and property approval. Rates, program terms and conditions are subject to change without notice. Not all products are available in all states. Other restrictions and limitations apply. Our Home Equity loan products may not be used to purchase the property being used as collateral. With home equity loans, depending on how the loan proceeds are used, you may be able to deduct the interest you pay. The interest you pay on credit cards and other types of personal loans is generally not tax-deductible. Consult your tax advisor about the deductibility of interest.
Rate for Interest Only Home Equity LOC is based on prime (index), as published in the Wall Street Journal on the last day of the month, plus a margin. Index plus margin equals the Interest Rate. Current prime is 7.75%. Interest rate will never be less than 3% nor greater than 18%.
Closed End Second Mortgage Loans: Available loan terms vary based on loan amount.
• Closed End Real Estate – 120 months @ 8.00% your payment will roughly be $12.13 monthly per $1,000 borrowed.
The APR has been calculated using the minimum loan amount and the maximum term listed. Your APR will vary depending on the loan amount, interest rate & loan term.