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Welcome to the Five Points Bank rates page. Complete an online application today!
Rates are subject to change without notice and may vary according to size of loan amount. Priced on a 60 day lock. Rates posted are examples only. Your rate may be different than the ones shown below due to certain adjustments that may pertain to your transaction. Your rate cannot be locked in until after you have made an application and a loan officer acknowledges its receipt and communicates that a rate has been locked in.
Maximum Conventional conforming loan amount is $417,000.
Rates as of Wednesday December 28th, 2011 10:30AM
Product Rate Orig. Chg. Disc. Pt. APR Mo. Pmt per $1000
Conventional 30yr Fixed 4.125% $500 0 4.16% 4.85
4.000% " " .50 4.07% 4.78
Conventional 15yr Fixed 3.500% $500 0 3.55% 7.15
3.375% $500 1/4 3.47% 7.09
VA 30yr Fixed 4.00% $600 0 4.09% 4.78
Conventional Loan Indicator Score Fees and/or rate adjustments:
*** Indicator Scores – When LTV exceeds 60%, there will be additional fee or rate adjustment when credit score is below 720.
Credit Score ³680 and <720, LTV >60% - add .50% Disc. Pt or add .125% to rate.
Credit Score ³660 and <680, LTV >60 and £70% - add .50 Disc. Pt; LTV >70%- add 1.25% Disc. Pt or add .375% to rate.
Credit Score ³640 and <660, LTV>60 and £70% - add .50 Disc. Pt; LTV >70% - add 1.75% Disc. Pt or add .500% to rate.
Credit Score ³620 and <640, LTV>60 and £70% - add .75 Disc. Pt; LTV >70% - add 2.50% Disc. Pt or add .625% to rate.
Credit Score <620 LTV>60 and £70% - add .75 Disc. Pt; LTV >70% - add 2.75% Disc. Pt or add .75% to rate.
· Indicator Score Fees not applicable on 15yr fixed rate loans and NIFA first-time homebuyer loans.
Cash-out Refinances – Max. LTV is 80%
Disc. Pts and/or rate adjustments will be applicable and vary depending upon credit score and LTV. The fees will range from .125%-3% based upon credit score when the LTV is 60-90% on cash-out refinances.
Construction loans – Call for rates and terms. Secondary Financing – Subordinating an existing lien may have extra fee.
Investment properties- Call for rates and terms. Maximum LTV is 70%.
100% LTV financing is no longer available on Conventional loans.
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