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Worthington Federal Bank
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Today's rates:
*30 yr FHA 4.25%(4.497% APR~)
**30 yr Conv Fixed 4.25% (4.497% APR~)
***15 Yr Fixed Conv 3.875% (4.122% APR~)
Contact us at 1-800-955-LOAN about other loan programs such as our 10 or 20 year Conventional Fixed Rate, 3/1 Adjustable Rate, 5/1 Adjustable Rate, and Jumbo loans.
*Example: $175,000, 30 years, 4.497% APR~ = $886.39 monthly payment (Principal and Interest only)
**Example: $175,000, 30 years, 4.497% APR~ = $886.39 monthly payment (Principal and Interest only)
***Example: $175,000, 15 years, 4.122% APR~ = $1,305.18 monthly payment (Principal and Interest only)
~APR=Annual Percentage Rate. This is not an offer of credit and is subject to the terms and conditions of Worthington Federal Bank, not all borrowers will qualify, subject to approval and underwriting standards, restrictions may apply. APR based on program availability and subject to change at any time. Rates are for purchases and refinances $175,000 and greater, conventional limits of $417.000. No cash out. APR may vary with amount financed. 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 |
| 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. 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 Federal Bank 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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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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