|
|
Home Equity Loan Rates
| Home Equity Lines of Credit |
| Effective 01/23/15 |
Loan to Value
|
Loan to Value
|
Loan to Value
|
| |
Under 80%
|
Margin
|
81-89%
|
Margin
|
90% and up Margin
|
| |
Rate
|
|
Rate
|
|
Rate
|
|
| Loan Amounts up to $150,000 |
5.00%
|
1.00%
|
5.25%
|
1.50%
|
5.50%
|
2.00%
|
| Prime Rate 3.25% Prime Rate as of 12/16/08 MariSol Floor Rate is 5% |
| |
This is a variable rate loan based on a margin plus the Wall Street Journal Prime Rate. The rate changes January 1 and July 1. Maximum interest rate is 16%. Minimum interest rate is 5%. There are no closing costs or annual fee. Borrower must pay for appraisal. There is a five year draw with a 10 year repayment. Payment is 1.50% on highest balance - for $40,000 that is $500. Arizona owner occupied properties only. |
| 15 year Fixed rate mortgage |
Effective 01/23/15
|
Loan to
Value |
Loan to
Value |
Loan to
Value |
| |
Under 80%
|
81-89%
|
90%-95%
|
|
Rate
|
Rate
|
Rate
|
Loan Amounts up to $350,000
|
4.375%
|
4.625%
|
4.875%
|
10 year Fixed rate mortgage - first lien only
|
| Effective 01/23/15 |
Loan to
Value |
Loan to
Value |
Loan to
Value |
| |
Under 80%
|
81-89%
|
90%-95%
|
| |
Rate
|
Rate
|
Rate
|
Loan Amounts up to $350,000
|
3.500%
|
3.750%
|
4.000%
|
| 30 Year Fixed NHS/ Desert Mission Self PMI Loan |
Effective 01/23/15
|
Loan to
Value |
Loan to
Value |
Loan to
Value |
| |
Under 80%
|
81-89%
|
90%-97%
|
|
Rate
|
Rate
|
Rate
|
|
4.000%
|
4.250%
|
4.500%
|
| |
Arizona owner occupied properties only.
NHS loans are loans that are processed through NHSPhoenix at www.nhsphoenix.org
There are additional underwriting requirements for NHS Loans, please contact a Loan Officer at 602-258-1659 NHS or MariSol at 602-252-6831 |
* Rates are subject to change without notice and any mortgage rate quoted is not firm
until it is locked in by writing.
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