First Federal -- Loan Rates & Programs

Loan Rates & Programs

Loan Rates and Terms
Effective July 31, 2011

Rates and terms are subject to change without notice.

Please note: First Federal mortgage loans are only available for properties located in the Northwest Indiana area.

*Annual Percentage Rate (APR) is based on an 80% Loan-To-Value mortgage loan of $100,000

OWNER-OCCUPIED

Fixed Rate Mortgages

Term Rate / (APR*) Points

5 Year 4.750% / (4.932%) 0.000%

10 Year 4.875% / (4.972%) 0.000%

15 Year 5.000% / (5.068%) 0.000%

20 Year 5.125% / (5.179%) 0.000%

30 Year** 5.250% / (5.290%) 0.000%

**PAYMENT EXAMPLE: A $100,000, 30- Year Mortgage, @ 5.000%, will result in a monthly Principal & Interest payment of $536.82

*Annual Percentage Rate (APR) is based on an 70% Loan-To-Value mortgage loan of $100,000

NON OWNER-OCCUPIED
Fixed Rate Mortgages

Term Rate / (APR*) Points

5 Year 6.000%   / (6.809%) 1.500%

10 Year 6.125%   / (6.560%) 1.500%

15 Year 6.250%   / (6.560%) 1.500%

20 Year 6.625% /   (6.876%) 1.500%

30 Year** 7.000% / (7.196%) 1.500%

**PAYMENT EXAMPLE: A $100,000, 30- Year Mortgage, @ 7.000%, will result in a monthly Principal & Interest payment of $665.30

OWNER-OCCUPIED
Adjustable Rate Mortgages

Term Program Rate / (APR*) Points

15 Year
30 Year 1/1
1/1 4.250% / (4.316%)
4.250% / (4.288%) 0.000%
0.000%

15 Year
30 Year 3/1
3/1 4.500% / (4.567%)
4.500% / (4.538%) 0.000%
0.000%

15 Year
30 Year 5/1
5/1 4.500% / (4.567%) 4.500% / (4.538%) 0.000%
0.000%

15 Year
30 Year 7/1
7/1 6.250% / (6.321%)
6.250% / (6.293%) 0.000%
0.000%

Interest Rate adjustments are based on:
1-Year Treasury Bill Index, Plus 2.75% Margin
Caps: 2.00% Annual ... ... ...6.00% Term of Loan
Floor .... Initial Rate
*Annual Percentage Rate (APR) is based on an 80% Loan-To-Value mortgage loan of $100,000

NON OWNER-OCCUPIED
Adjustable Rate Mortgages

Term Program Rate / (APR*) Points

15 Year 1/1 6.250% / (6.560%) 1.500%

15 Year 3/1 6.875% / (7.190%) 1.500%

15 Year 5/1 7.375% / (7.695%)   1.500%

Interest Rate adjustments are based on:
1-Year Treasury Bill Index, Plus 2.75% Margin
Caps: 2.00% Annual ... ... ...6.00% Term of Loan
Floor .... Initial Rate
*Annual Percentage Rate (APR) is based on an 70% Loan-To-Value mortgage loan of $100,000

Owner Occupied Terms*

5% Downpayment
*PMI (Private Mortgage Insurance) Required

First Mortgage Non-Owner Occupied Terms**

                             30%
Downpayment

JUMBO MORTGAGES ($417,000 and over)

Owner Occupied Mortgage - Same as Interest Rates Posted Above

Non Owner Occupied Mortgage - Same as Interest Rates Posted Above

Construction Loans

*Call For Information

OWNER-OCCUPIED
HOME EQUITY LOANS

FIXED RATE HOME EQUITY LOANS ARE NOT AVAILABLE AT THIS TIME.

NON OWNER-OCCUPIED
HOME EQUITY LOANS

Fixed Rate, Fixed Payment

FIXED RATE HOME EQUITY LOANS ARE NOT AVAILABLE AT THIS TIME.

Owner-Occupied Home Equity Line of Credit - Adjustable Rate (minimum $5,000 loan)

AVAILABLE CALL 219-838-9101    FOR INFORMATION

NON-OWNER HOME EQUITY LINES OF CREDIT:       Call (219) 838-9101 for information

The above information is only intended for general comparison and not all-inclusive of fees or requirements.   For additional information and requirements or to schedule an appointment, call Monique Reyna or Alicia Wallace in our Mortgage Loan Department at (219) 838-9101 or stop in at 9030 Cline Avenue, Highland, Indiana 46322

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