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| Loan Type | Rate | Points | Est. APR | Prin. and Int. | ||||||||||
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| CONVENTIONAL FIXED RATE LOANS | ||||||||||||||
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Please call one of our Mortgage Loan Officers for information or assistance with Conventional Fixed Rate loans or other Mortgage products. Sharon Tuel 903-237-5572
(Payments and APRs Based on $175,000 Loan Amount. Maximum Loan-to-Value is 95%)
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FHA Fixed Rates (Payments and APR's Based on $100,000 Loan Amount. Maximum Loan-to-Value is 96.5%) | ||||||||||||||
| 15 Year Fixed* |
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| 30 Year Fixed* |
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Call for Interest Rates and Points on FHA Loans Under $75,000 *Final Loan Rates and APR's on FHA Loans may be higher or lower than the rates shown above or published in, or quoted by, any source or medium by Texas Bank and Trust Company or its representatives or agents. Rates, availability of this loan program, APR's and points may be affected by several factors, including loan amount, occupancy status, state in which the property is located, property type, loan-to-value ratio and your credit score. | ||||||||||||||
| First-Time Homebuyer Program | ||||||||||||||
| (Grants for downpayment or closing cost assistance may be available) | ||||||||||||||
| Payments and APR Based on $85,000 LOAN AMT | ||||||||||||||
| 30-YR Fixed Rate |
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| Income limits apply. Applicants must complete a Homebuyer Education Course. Reduced closing costs. Maximum loan amount $85,000. Maximum Loan-to-Value 90%. PMI not required. | ||||||||||||||
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Adjustable Rate Loans for Owner-Occupied Residential Property Amortizations to 30 Years. Loan-to-Value up to 90%. PMI not required. Subject to Credit Approval. (Payments and APR Based on $100,000 Loan Amount)
Payment and APR example based on 15 Year amortization. Increase rate by .25% if amortization is greater than 15 Years. Caps on 5 Year Adjustable Rate Loans for Owner-Occupied Residential Property are 1% per adjustment period. Life of loan caps are 2% for 15 Year Amortization, 3% for 20 Year Amortization and 5% for 30 Year Amortization. The "Index" for this program is the weekly average yield on U. S. Treasury securities adjusted to a constant maturity of 5 Years, as published weekly by the Federal Reserve Board. Margin is 2.875%. The APR on adjustable rate loans may vary. |
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HOME EQUITY LINE-OF-CREDIT | ||||
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TEXAS EQUITY FLEXLINE | ||||
| Payments and APR Based on $25,000 LOAN AMT | ||||
| 1st Year Monthly Payments of Interest Only. |
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| Years 2-10 Monthly Payments of Interest Only. |
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| Years 11-20 Monthly Payments of Principal and Interest. |
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Quoted Rates on the Texas Equity Flexline reflect Current Prime Rate for the first year of the draw period. Floor Rate is 5.00%.
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| HOME EQUITY AND HOME IMPROVEMENT LOANS | ||||
| Payments and APR Based on $25,000 LOAN AMT | ||||
| 5-YR ARM - 15-yr Amortization2 |
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| Fixed Rate to 5 years |
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| Fixed Rate over 5 to 10 years |
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| Fixed Rate over 10 to 15 years |
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Minimum Loan Amount $15,000 on Home Equity Loans and Home Improvement Loans
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| INTERIM CONSTRUCTION LOANS | ||||
| APR based on $175,000 loan amount and 12 month term. | ||||
| FIXED RATE, 6-12 MONTH TERM |
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. 1The "Index" on the Texas Equity Flexline is the Prime Rate as published in the Money Rates Section of the Wall Street Journal, Southwest Edition, and referred to as the base rate on corporate loans at U. S. Money Center commercial banks. No caps per adjustment period. Maximum Rate is 18.00%. Floor Rate is 5.00%. |
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For more information on Mortgage Loans please contact: |
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Sharon Tuel (903) 237-5572 (Longview-Downtown)
Visit our Online Mortgage Center or apply online at www.texasbankandtrust.com
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