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Worthington Federal Bank Online Banking:
eCom
eCorp
Today's rates:
30 yr Fixed 95% Cashout Refi 6.25% APR
30 yr Fixed Conv 6.125% APR
15 Yr Fixed Conv 5.75%APR
20 Yr Fixed Conv 6.00%APR
10 Yr Fixed Conv 5.75%APR
3/1 ARM 7.00%APR
5/1 Fixed Period ARM 7.25% APR
Jumbos Call
Updated 10/10/2008
10:05 am CST
These rates are not considered advertising under Reg Z and are subject to change without
notice. Rates are for purchases and refinances $175,000 and greater, conventional limits of $417.000. APR may vary with amount financed. Other programs available on request such as Jumbos, 5/25, InterestFirst, 7/23.
Not an offer to extend credit, Equal Housing Lender, Member FDIC. |
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| Conv. Fixed Rate Home Equity Loan |
| Conventional Loans |
| Second Homes, Investment properties, Condos |
| New Construction to Perm Loans |
| Commercial Loans |
| First Time Home buyer down payment assistance |
| JUMBO Loans...mortgages in excess of $417,000 |
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Conv. Fixed Rate Home Equity Loan
If your combined loan to value on your home is less than 80%, you may qualify for a fixed rate, fixed term second mortgage loan starting with rates as low as 7.50% for 10 yrs fixed.This loan is FIXED and should not be confused with a Line of Credit that changes with Prime!
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Conventional Loans
Conventional long-term, fixed-rate and adjustable rate loans that meet Fannie Mae loan limits and property and borrower guidelines. Generally has higher loan limits than FHA and VA. Worthington Mortgage specializes in these fixed rate, fixed term programs and never charges a pre pay penalty or broker fee.
Maximum Amount: $417,600
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Second Homes, Investment properties, Condos
Vacation Homes, Rental Properties, Condos
Maximum Amount: $417,600
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| | | A second home gets the same rate as primary residence providing its meets guidelines for such. Worthington Mtg does condo loans! |
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New Construction to Perm Loans
Come to us FIRST and prequalify to build your dream home...we offer an easy step by step process that allows for construction draws during the build phase and conversion to a permanent fixed rate loan when you finish....
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Commercial Loans
Owner Occupied commercial such as a business owners personal place of business, apartment loans, acquisition and development lending, investment properties.
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First Time Home buyer down payment assistance
If you have not owned a home in the past 3 years, you may qualify for a special down payment assistance program. Up to 5 times your down payment (max gift of $10,000) is available for first time buyers that meet the 80% income MSA maximum. This assistance is a subordinate mortgage and forgiveable after 5 years if borrower meets specific guideline restrictions. Money supply is limited, first come, first served, other restrictions may apply.
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JUMBO Loans...mortgages in excess of $417,000
Worthington often holds jumbo first lien mortgage loans in its bank portfolio. Due to upheaval in the secondary markets, these rates are dictated by the bank and are seldom fixed for longer than 3-5 years. A 30 yr amortization is available. Jumbo loan requests are considered on a case by case basis.
Term: 30 years
Maximum Amount: $1,900,000
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Unless otherwise indicated, these APR calculations are based on the following: Conforming loans (whose maximum loan amount is below $417,000 for the contiguous states, District of Columbia, and Puerto Rico or below $625,500 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $417,000 with closing costs of $8,340. Jumbo Loans (whose maximum loan amount exceed $417,000 for the contiguous states, District of Columbia, and Puerto Rico or exceed $625,500 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $418,000 with closing costs of $8,360. Your actual APR may be different depending upon these factors.
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