In-House Mortgage Program
3.900% - 4.117% APR*
The interest rate of 3.900% with an Annual Percentage Rate (APR) of 4.117%* is effective as of 11-27-15. This is a fixed rate for a term of 10 years, requires a Beacon Score of 720 and is for first lien financing only. Offer available for loan amounts up to $400,000 and requires maximum loan to value of 85%. The advertised rate is available for conventional-built and modular homes. Mobile homes do not qualify. Additional qualifications or requirements may apply.
Payment Example: Loan proceeds of $100,000 payable in 120 monthly installments of $1,007.81 Outstanding balance due with final payment.
*Rate and APR effective as of November 27, 2015. Actual APR may vary based on the amount of your loan and closing costs. These payments do not include taxes or insurance. The total payment obligation may be higher. All loans are subject to Bank approval and underwriting guidelines. A loan fee equal to 1% of the loan amount applies. Borrower is responsible for all external Bank fees (appraisals, legal and recording fees, etc.). Other terms and conditions are available. Offer and/or interest rates are subject to change at any time and without notice. See a Four Oaks Bank Loan Officer for more information.