American Savings FSB

Online Banking
Personal Finances
Lending Services
Business Finances
Investment Services
About Us

 



 Current Rates


[include_right.htm]

Rates accurate as of 01/30/2012

Rates
are subject to change at any time. In some cases, rates are based on the most recent Prime rate as published in the Wall Street Journal.  Please call 219-322-5005 to verify the current rates. Thank you.

Mortgage Loans | Home Equity Lines
Home Equity Loans | Lot Loans | Vehicle Loans

 

Mortgage Loans

Fixed Rate Loans*

Term & Type Rate APR+
30 Year Fixed 3.500% ^ 3.644%
30 Year Fixed 3.750% 3.841%
20 Year Fixed 3.250% ^ 3.450%
20 Year Fixed 3.500% 3.627%
15 Year Fixed 3.000 ^ 3.254%
15 Year Fixed 3.250% 3.411%

Adjustable Rate Loans*

Term & Type Rate APR+
1/1 ARM 2.500% a^ 4.136%
3/1 ARM 2.750% a^ 4.136%
5/1 ARM 3.000% a^ 4.388%
7/1 ARM 3.250% a^ 3.383%

Construction/Perm Loans*

Term & Type

Rate APR+
30 Year Construction/Perm 5.000% b 5.153%


 

  • Ask about our special
    first-time home buyer program
  • Minimum loan amount of $20,000
  • Mortgages less than $50,000 available
    at 0.375% above stated rates
  • Jumbo loans (over $417,000) available
    at negotiated rates and fees
  • All commitments will be binding for 30 days after the date of commitment. Extended commitments are available. Ask for specific information.

* Rates shown are for owner-occupied, single-family residential properties. 80% Loan to Value (LTV) financing is available. Private Mortgage Insurance may be required for borrowers with less than a 20% down payment.

+ Example Annual Percentage Rates (APRs) are based on a typical loan of $100,000 assuming standard loan fees. A $100,000 mortgage with a 30-year fixed rate at 3.50% would have 360 monthly principal/interest payments of $449.04.

^ These interest rates require that you pay 1.00% of your loan amount toward the loan origination charge.

a Maximum increase or decrease of 2% per adjustment period. Rate at each renewal indexed to 1 year Treasury Index plus
2.75%. The Floor rate will be the start rate.

b Construction/Perm loan payments are calculated as interest-only for 6 months, with the remaining term of 354 months calculated as a fixed principal and interest payment for the life of the loan. Construction/Perm loans are not subject to the loan origination fee.

Back to top

 

Home Equity Lines of Credit

Revolving Credit

Loan to Value

Rate*
80% or less Primea + 0.50%

 

  • 15 year term
  • $5,000 minimum and $100,000 maximum line amounts
  • Security required: 1st or 2nd lien on your personal residence
  • You can access your line through special Equity Reserve checks
  • Monthly statements
  • Monthly payments can be made one of two ways:
    • At 1.50% of the outstanding balance ($100 minimum)
    • Interest-only
  • Opening Costs: None, but property and/or flood insurance may still be required
  • 3-year pre-payment penalty of loan set-up fees, which are approximately $475
  • Annual fee of $45
  • Floor rate of 5.00% and Ceiling rate of 18.00%

* Rate is variable, adjusted monthly.

a Prime Rate based on rate as published in the Wall Street Journal.

Back to top

 

Home Equity Loans (Second Mortgages)

Fixed Rate Loan

Term Rate APR+
10 years 6.000% 6.000%
7 years 5.750% 5.750%
5 years 5.500% 5.500%

 

  • Fixed principle and interest payments
  • Security required: 1st or 2nd lien on your personal residence
  • Loan to value (LTV) ratios up to 80%
  • $5000 minimum
  • No fees to open!
  • No annual fees, but property and/or flood insurance may still be required
  • 3-year pre-payment penalty of loan set-up fees, which are approximately $475

+ Example APRs are based on a typical loan of $50,000, assuming standard loan fees. With a 10-year rate at 6.000%, this loan would have 120 monthly principal/interest payments of $555.11.

Back to top

 

Lot Loans

Click here to view information about our Construction/Perm Loan!
The current rate you secure for your construction loan
transfers to your permanent loan.

Loan to Value Rate*
75% or less Primea + 1.00%

 

  • 5 year maximum term
  • Minimum loan amount of $25,000
  • Loan fee: $500
  • 3rd party fees to be paid by borrower

* Rate is variable, adjusted monthly. The Floor rate will be 5.000%.

a Prime Rate based on rate as published in the Wall Street Journal.

   OR, as an alternative:

Amortize the loan over 10 or 15 years at a fixed rate:

Term Rate APR+
15 years 5.500% 5.720%
10 years 5.250% 5.560%

 

  • 75% or less Loan to Value (LTV) Ratio
  • Minimum loan amount of $25,000
  • Loan fee: $500
  • 3rd party fees to be paid by borrower

+ Example Annual Percentage Rates (APRs) are based on a typical loan of $50,000 assuming standard loan fees. A $50,000 loan with a 15-year fixed rate at 5.500% would have 180 monthly principal/interest payments of $408.54.

Back to top

 

Vehicle Loans

  • Minimum loan amount of $2000
  • The age of the car (in model years) plus the term of the loan shall not exceed 7 years
  • The value of the vehicle is based on the lower value between the sale price and the Red Book value.
  • Loans on vintage or collectible automobiles are available at negotiated terms.

Rates also available for other vehicles such as:

  • Motorcycles
  • Wave Runners
  • Snowmobiles
  • Motor Homes
  • Campers / Travel Trailers
  • Boats and Boat Trailers

Back to top
J


To apply for a loan or just speak to someone with
questions on our products, please contact:

Todd C. Williams   -or-
Robert Rossa   -or-
Dustin Gorelick
.

 


Copyright 2012, American Savings, FSB
NMLS Institution #440104
Questions or comments,
please contact us.


Home ] Personal Finances ] Lending Services ] Commercial Banking ] Investment Services ]
About Us ] [ Contact Us ]