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 Current Rates


 


Mortgage Loans

Click Here to View Current Mortgage Rates


Rates below are accurate as of 04/17/2014

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 219-365-6700 to verify the current rates. Thank you.

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

 

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.

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Home Equity Loans (Second Mortgages)

Fixed Rate Loan

Term Rate APR+
10 years 4.500% 4.500%
7 years 4.250% 4.250%
5 years 4.000% 4.000%

 

  • Fixed principal 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 4.500%, this loan would have 120 monthly principal/interest payments of $518.19.

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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 4.750% 5.001%
10 years 4.500% 4.857%

 

  • 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 4.750% would have 180 monthly principal/interest payments of $388.92.

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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

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

Todd C. Williams   -or-
Brian Specht   -or-
Dustin Gorelick
.

 

 

Copyright 2014, American Savings, FSB
Questions or comments, please contact us.
NMLS Institution #440104


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