Loan Rates

CURRENT LOAN RATES Rates Effective: 12/17/2014

NMLS #848774


FIXED RATE RESIDENTIAL MORTAGES

Loan Type Interest Rate Points APR P & I
15 Year or Less 3.350% 3 3.794% $1061.31
15 Year or Less 3.450% 2 3.745% $1068.65
15 Year or Less 3.600% 1 3.747% $1079.71
15 Year or Less 3.750% 0 3.750% $1090.84
16 to 25 Year 4.000% 3 4.293% $791.76
16 to 25 Year 4.100% 2 4.295% $800.07
16 to 25 Year 4.250% 1 4.348% $812.61
16 to 25 Year 4.400% 0 4.400% $825.26
26 to 30 Year 4.250% 3 4.508% $737.91
26 to 30 Year 4.350% 2 4.522% $746.72
26 to 30 Year 4.500% 1 4.586% $760.03
26 to 30 Year 4.650% 0 4.650% $773.46

 

APR = Annual Percentage Rate. Interest rates and APRs vary and are subject to change without notice. Rates are not guaranteed. Residential mortgages require 20% equity or down payment for an owner-occupied, single-family residence in Berks, Lehigh, Montgomery or Bucks Counties. Your actual APR and fees may vary depending on your credit history, actual loan amount, combined loan-to-value ratio and selection of loan features. Adequate homeowner’s insurance is required and flood hazard insurance may be required. If the down payment is less than 20% of the purchase price or home’s value, whichever is less, Private Mortgage Insurance may be required, which will increase your monthly payment and could increase the APR. The APR calculation and the Principal & Interest (P & I) is based on a loan amount of $150,000 with a 20% down payment to purchase a primary residence. P & I does not include any escrow for real estate taxes and insurances. Other rates, terms and programs are available. Please contact us to confirm our rates or for more details.


 

HOMEOWNER LOT LOANS

Loan Type
Interest Rate
Points APR P & I
Maximum 15 Year Fixed Rate 4.950% 3 5.415% $788.2
Maximum 15 Year Fixed Rate 5.050% 2 5.359% $793.41
Maximum 15 Year Fixed Rate 5.150% 1 5.304% $798.63
Maximum 15 Year Fixed Rate 5.250% 0 5.250% $803.88

 

APR = Annual Percentage Rate. Rates are not guaranteed. Homeowner Lot Loans require 25% down payment or equity. Maximum term is 15 years. Your actual rate will be based on a review of your creditworthiness. These rates are subject to change without notice. The APR calculation and the Principal & Interest (P & I) is based on a loan amount of $100,000 with a 25% down payment. P & I does not include any escrow for real estate taxes and insurances. Please contact us to confirm our rates or for more details.


 

FIXED RATE HOME EQUITY LOANS

Loan Type Interest Rate APR* Monthly Payment per $1,000
5 to 7 Years First Lien 3.800% 3.800% $13.58
5 to 7 Years 4.000% 4.000% $13.67
8 to 11 Years First Lien 4.300% 4.300% $9.53
8 to 11 Years 4.500% 4.500% $9.62
12 to 16 Years Fist Lien 5.050% 5.050% $7.61
12 to 16 Years 5.250% 5.250% $7.71
17 to 20 Years First Lien 5.550% 5.550% $6.91
17 to 20 Years 5.750% 5.750% $7.03

 

Applicants must meet Bally Savings Bank credit criteria. Offer applies only to owner-occupied residential properties, up to 80% maximum loan-to-value for all liens against property. Property insurance required. Minimum loan amount is $10,000. Interest may be tax deductible (consult your tax advisor). Rates subject to change without notice. Your actual rate will be based on a review of your creditworthiness. Closing costs may apply. Not for swing loan purposes.


HELOC program (Home Equity Line of Credit)

$10,000 Minimum Line/$100,000 Maximum Line – Single Family, owner occupied only. No annual fee.

Current floor rate is 4.00% APR (Annual Percentage Rate)

Up to 80% loan-to-value ratio on all housing debt.

Variable rate product is subject to change monthly with the APR based on the Wall Street Journal Prime Rate. Rates, terms and fees may vary based on your credit and application. There is no limit on the amount by which the rate can change during any one year period. Maximum APR is 18%. This Line has a 10 year draw period with a 15 year amortized repayment period. Payments do not include amounts for taxes and insurance, if applicable and the actual payment obligation will be greater. Rate, terms and conditions subject to change anytime without notice. APR applies to new lines of credit only; not for swing loan purposes or homes currently for sale. No refinancing of debt to Bally Savings Bank. Rate is based on the Bank’s normal credit underwriting standards. Your rate may differ based on a review of your credit worthiness. Property insurance required; flood insurance may be required. Closing costs may apply. Borrower must pay mortgage satisfaction fee at loan termination. Closing costs may apply. Consult a tax advisor for deductibility of interest.


Member FDIC