Accurate and Effective As Of 04/15/14
Rates Subject to Change Without Notice.
FIXED RATE MORTGAGE LOANS:
|Type Of Loan||Rate||Loan To Value Ratio||APR||PMI|
|30 yr. Conventional Fixed||4.500||81-90%||4.500||No PMI|
|30 yr. Conventional Fixed||4.250||80% or less||4.250||N/A|
|20 yr. Conventional Fixed||4.375||81-90%||4.375||No PMI|
|20 yr. Conventional Fixed||4.125||80% or less||4.125||N/A|
|15 yr. Conventional Fixed||3.625||81-90%||3.625||No PMI|
|15 yr. Conventional Fixed||3.375||80% or less||3.375||N/A|
|10 yr. Conventional Fixed||3.125||90% or less||3.125||N/A|
|8 yr. Conventional Fixed||3.125||90% or less||3.125||N/A|
|6 yr. Conventional Fixed||3.125||90% or less||3.125||N/A|
ALL RATES, TERMS AND CONDITIONS ARE SUBJECT TO CHANGE OR WITHDRAWAL WITHOUT NOTICE.
On a 30 year mortgage, with 0 points, for $100,000 with an interest rate of 4.250% (4.250% APR) and a minimum down payment of 20%, the principal and interest payment would be $491.94 per month.
Minimum loan amount: $5,000. Maximum conforming loan amount: $417,000. Rates subject to change without notice. All loans subject to secondary market underwriting requirements.
All Rates and terms quoted are for 1-2 unit owner occupied residences.
Annual Percentage Rates (APRs) are based on $100,000 loan amount, at the term and interest rate noted above. No Private Mortgage Insurance (PMI)
A minimum 10% down payment is required.
WANT TO BUILD YOUR DREAM HOME? ASK ABOUT OUR CONSTRUCTION/PERMANENT FINANCING!
Also ask about Seneca Federal Savings & Loans Home Equity Loans
*** Special Financing For First Time Homebuyers – 10% Down Payment With No PMI ***
Seneca Federal Savings & Loan participates with the Federal Home Loan Bank (FHLB) First-Time Homebuyer Program
CALL TAMMY PURCELL OR REBECCA SMITH
FOR INFORMATION ON ANY OF OUR LOAN PRODUCTS – #315-638-0233
ADJUSTABLE RATE MORTGAGE LOAN:
|Type Of Loan||Interest Rate||APR||Index||Margin||Lifetime Min. Rate||Lifetime Max. Rate||Cap Per Adj.|
|1 Year Adjustable||2.875||5.693||1 yr. CMT||2.750||2.875||9.750||2.00|
ALL RATES, TERMS AND CONDITIONS ARE SUBJECT TO CHANGE OR WITHDRAWAL WITHOUT NOTICE All Rates and terms quoted are for 1-2 unit owner occupied residences.
Home Equity Lines Of Credit Available. Prime plus zero, no closing costs.
Home Equity Loans Fixed Rate:
|Term||1st Lien Position||2nd Lien Position|
On a 10 yr. Home Equity Loan for $15,000 with an interest rate of 4.125% the principal + interest payment would be $152.76
CMT is the most currently available monthly average yield on United States Treasury Securities adjusted to a constant maturity based on terms as listed above.
|Type of Loan||APR||Maximum Term||Down Payment|
|Unsecured (Max Loan is $5,000)||12.00%||36||NA|
|2010 & Newer||3.125%||60||zero|
|2009 – 2005||4.000%||36||zero|
|RV’s Used & Pull Campers – New||4.750%||60||10%|
|Snowmobiles, Motorcycles, Rec. Trailers||4.800%||36||zero|
* On a 5 yr. auto, for $10,000.00 with an interest rate of 2.875% (2.875% APR) and a minimum down payment of 10% the principal and interest payment would be $179.13 per month.
OTHER CONSUMER LOANS:
Many different rate and down payment options are available. Please call Tammy Purcell or Rebecca Smith at 315-638-0233
Loan secured by SENECA FEDERAL SAVINGS ACCT. – Acct. Rate plus 3% – Max 8.50% APR
Maximum – 100% of account balance
Consumer Line Of Credit:
Rate is Fixed at 15%
HOME IMPROVEMENT LOANS (INCLUDING SWIMMING POOLS)
(owner occupied – unsecured)
All rates and terms quoted are for 1 – 2 unit owner occupied
Maximum unsecured loan amount is $5,000
On a 5 yr. Home Improvement for $5,000.00 with an interest rate of 6.250% (6.250% APR) the principal and interest payment would be $97.25 per month.
DEPOSIT ACCOUNT RATES:
Accurate and Effective:
April 9th, 2014 – April 15th, 2014
To Obtain Annual
|6 month CD||$500.00||$500.00||0.25%||0.25%|
|12 month CD||$500.00||$500.00||0.40%||0.40%|
|13 month CD||$500.00||$500.00||0.35%||0.35%|
|18 month CD||$500.00||$500.00||0.35%||0.35%|
|24 month CD||$500.00||$500.00||0.50%||0.50%|
|36 month CD||$500.00||$500.00||0.75%||0.75%|
|48 month CD||$500.00||$500.00||1.09%||1.10%|
|60 month CD||$500.00||$500.00||1.14%||1.15%|
*Daily Balance (the amount of principal in the account each day)
(1) Applicable to entire balance. Fees may reduce earnings
Penalty may be assessed for early withdrawal from Certificates of Deposit accounts
For the most current interest rate and annual percentage yield (APY) information call any of our three offices listed on our Locations page