Mortgage Lending
Please scroll down to review rates for our most common Mortgage Products. We offer Fixed and Variable Rate Mortgages for existing dwellings and construction loans with a construction/permanent financing package for new homes. "Bridge Loans" are available to qualified borrowers.
The APR is accurate as of March 1, 2010.
Fixed Rate Mortgage Lending*
The Application and Appraisal Fee is $500.00.
| Type | Term in Years | Interest Rate | Annual Percentage Rate (APR) | Monthly Principal and Interest Payment** |
|---|---|---|---|---|
| Primary Residence | 15 | 4.25% | 5.091% | $75.23 P&I $6.08 PMI |
| Primary Residence | 30 | 4.75% | 5.655% | $52.16 P&I $7.83 PMI |
| Secondary Residence | 15 | 4.25% | 4.729% | $75.23 P&I No PMI |
| Secondary Residence | 30 | 4.75% | 5.031% | $52.16 P&I No PMI |
* Conventional Financing Only. Rates may be subject to change without notice. Jumbo rates available for mortgages over $417,000.00 Additional terms, rates, and point structures are available. Please contact our mortgage professionals for complete details. Minimum 5% down payment required with PMI (Private Mortgage Insurance). Secondary residences require 20% down payment.
**Reflects a loan of $10,000.00, 3 points for a purchase, refinance or new construction.
Variable Rate Mortgage Lending†
All Loans have a 30 year term. The Application and Appraisal Fee is $500.00.
| Type | Interest Rate | Annual Percentage Rate (APR)†† | Monthly Principal and Interest Payment††† |
|---|---|---|---|
| Primary Residence | 5.00% | 4.2120% | $53.68 P&I $8.67 PMI |
| Primary Construction | 5.00% | 4.332% | $53.68 P&I $8.67 PMI |
| Secondary Homes | 5.00% | 3.564% | $53.68 P&I No PMI |
| Secondary Construction | 5.00% | 3.685% | $53.68 P&I No PMI |
† Conventional Financing Only. Rates may be subject to change without notice. Rates on adjustable rate mortgages may be increased during the term of the loan. Jumbo rates available for mortgages over $417,000.00 Additional terms, rates, and point structures are available. Please contact our mortgage professionals for complete details. Minimum 5% down payment required with PMI (Private Mortgage Insurance). Secondary residences require 20% down payment.
†† APRs calculated using 5% down payment and PMI. Actual APR could be lower with a larger down payment.
††† Reflects a loan of $10,000.00, 2.5 points for a purchase, refinance or new construction and a 30 year term.
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The First National Bank of Palmerton | Fourth Street & Lafayette Avenue Palmerton, PA 18071
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