Mortgage Rates

Below you will find rates for our most popular mortgage options. Due to market volatility, these rates may change multiple times per day. They are updated on the website at least once daily, and should only be used as an estimate.

We are available to speak with you in person or by phone to help you find the right solution to meet your personal goals. We will take the time to understand your needs and offer you a choice of programs that will meet them. Please contact a member of our mortgage lending team for assistance and the most up to date rate information.




All rates effective March 10, 2010, 9:51am unless otherwise noted and are subject to change without notice.


Secondary Market Conforming Programs - Servicing Released - Fixed Rates
Product NameTerm (years)RatePointsAnnual Percentage Rate (APR)Monthly Payment
Best Efforts Fixed 30 Years - Released305.125%05.160%$1,088.97
305.000%15.123%$1,073.64
Best Efforts Fixed 20 Years - Released204.875%04.920%$1,306.14
204.750%14.915%$1,292.45
Best Efforts Fixed 15 Years - Released154.500%04.559%$1,529.99
154.500%14.708%$1,529.99
Fixed 30 Years 1-2 Family Investment - Released305.625%05.659%$1,151.31
Fixed 30 Years Seasonal Homes- Released305.125%05.160%$1,088.97
    • Payments do not include amounts for taxes and any insurance premiums. Your actual payment obligation will be greater.
Secondary Market Conforming Products - Servicing Released Notes
    • Rates quoted are based on loans with a 20% down payment.
    • Maximum loan amount of $417,000 single family dwellings. Rates are quoted for a 45 day lock.
    • Programs include escrows for taxes and insurance.To waive escrows, a fee of .25% of the loan amount will be charged.
    • APRs reflect a $375 document prep fee, $25 flood certification fee, $150 Underwriting Fee, $150 transaction fee, and $80 tax related service fee for a purchase and $40 for refinances.
    • To qualify for rates quoted a minimum credit score of 740 and other underwriting requirements must be met.
    • .25% add to rates quoted for cash out refinances >60% to < or = to 75% and .50% for >75% to < or = to 80%
  • For Loan amounts under $100,000, there will be a .125% add to rates quoted.
Secondary Market Conforming Programs - Servicing Retained - Fixed Rates
Product NameTerm (years)RatePointsAnnual Percentage Rate (APR)Monthly Payment
Best Efforts Fixed 30 Years305.250%05.277%$1,104.41
305.125%15.241%$1,088.97
Best Efforts Fixed 20 Years205.125%05.161%$1,333.76
205.000%15.157%$1,319.91
Best Efforts Fixed 15 Years154.500%04.545%$1,529.99
154.500%14.699%$1,529.99
Best Efforts Fixed Retained 30 Years Construction*305.500%05.630%$1,135.58
Fixed 30 Years 1 -2 Family Investment - Retained305.875%05.903%$1,183.08
Fixed 30 Years Seasonal Homes - Retained305.250%05.277%$1,104.41
    • Payments do not include amounts for taxes and any insurance premiums. Your actual payment obligation will be greater.
Secondary Market Conforming Products - Servicing Retained Notes
    • Rates quoted are based on loans with a 20% down payment.
    • Maximum loan amount of $417,000 single family dwellings. Rates are quoted for a 45 day lock for Best Efforts.
    • APRs reflect a $375 document prep fee, $25 flood certification fee, $80 tax related service fee for a purchase, $40 for refinances and a $150 underwriting fee.
    • APRs on construction loans include a 1% construction fee*, $375 document prep fee, $25 flood certification fee, $80 tax related service fee for a purchase and $40 for refinances, $150 underwriting fee, $100 plot plan fee and $150 lender inspection fee.
    • To qualify for rates quoted a minimum credit score of 740 and other underwriting requirements must be met.
    • .25% add to rates quoted for cash out refinances >60% to < or = to 75% and .50% for > 75% to < or = 80%.
Adjustable Rate Mortgages
Product NameTerm (years)RatePointsMarginAnnual Percentage Rate (APR)Monthly Payment
3/1 ARM## 304.990%04.250%4.739%

Payment Streams

36 payments of $1,072.72
324 payments of $1,031.77

3/1 ARM (construction)*## 304.990%04.250%4.838%

Payment Streams

6 months interest only based on amount outstanding
36 payments of $1,072.72
324 payments $1,031.77

3/1 Jumbo## 304.990%04.250%4.724%

Payment Streams

36 payments of 2,236.62
324 payments of $2,151.25

5/1 ARM ##305.250%03.875%4.647%

Payment Streams

60 payments of 1,104.73
300 payments of $998.71

5/1 ARM (construction)##305.250%03.875%4.747%

Payment Streams

6 months interest only based on amount outstanding
60 payments of $1,104.73
300 payments of $998.71

5/1 ARM Construction Interest Only * ##306.500%03.875%5.229%

Payment Streams

6 months interest only based on amount outstanding
60 interest only payment of $1,155.56
60 payments of $1,111.67
240 payments of $1,075.53

5/1 ARM Interest Only ##306.500%03.875%5.128%

Payment Streams

60 interest only payments of $1,155.56
60 payments of $1,111.67
240 payments of $1,075.53

5/1 Interest Only Jumbo ##306.500%03.875%5.113%

Payment Streams

60 interest only payments of $2,409.34
60 payments of $2,317.83
240 payments of $2,242.49

5/1 Jumbo##305.250%03.875%4.632%

Payment Streams

60 payments of $2,303.36
300 payments of $2,082.31

7/1 ARM ##305.750%03.875%5.019%

Payment Streams

84 payments of $1,167.52
276 payments of $1,014.72

7/1 ARM - Construction ##305.750%03.875%5.123%

Payment Streams

6 months interest only based on amount outstanding
84 payments at $1,167.52
276 payments at $1,014.72

7/1 ARM - Jumbo ##305.750%03.875%5.004%

Payment Streams

84 payments of $2,434.28
276 payments of $2,115.70

Land Loan (1 year ARM) ##206.000%04.250%4.820%

Payment Streams

12 payments of $1,433.34
228 payments of $1,285.12

Land Loan (3/1 ARM) ##206.250%04.250%5.185%

Payment Streams

36 payments of $1,462.36
204 payments of $1,300.45

Land Loan (3/1 ARM Interest Only)## 206.625%04.250%5.285%

Payment Streams

36 interest only payments of $1,177.78
204 payments of $1,417.60
    • APR may be increased after consummation.
    • Payments do not include amounts for taxes and any insurance premiums. Your actual payment obligation will be greater.
Other Terms
  • For PMI loans - ratios 41% total debt for primary residence and 41% for second homes, no investment properties, no interest only loans, 2 month's reserves PITI, accept only, minimum square footage 1200, maximum lot size 5 acres, no bankruptcy, foreclosure, deeds in lieu within last 48 months. Minimum Credit Score is 700, no cash outs on second homes. Monthly Payments are calculated using a $200,000 loan amount and the maximum term unless otherwise stated. APR = Annual Percentage Rate. Escrow for taxes and insurance are required for Best Efforts Fixed Rate Programs Servicing Released. ARM = Adjustable Rate Mortgage; APR may increase at adjustment period. For Adjustable rates, fully indexed rate is the 1 year treasury plus margin. Maximum loan to value calculations vary based on property type and occupancy status. All APRs assume 20% downpayment. Investor loans and other rates and point programs available upon request.
    *Construction loans include a 1% construction fee on the first $500,000 of construction funds and then 1/2% of the excess amount above $500,000, for a 6 month construction period. Modular construction loan fees will cap out at the maximum construction loan fee of $5,000. Self-Builds will have a two (2)% construction fee schedule for a 6 month construction period. (other construction periods available).
    # Rate is at a discount.
    ## Rate is at a premium.
Home Equity Lines and Loans
  • Home Equity Line with Special Introductory Rate
    Rate
    • 2.99% APR for the first three months.
    • Prime Rate APR after the first three months with a floor of 5.00% APR. The current Prime Rate is 3.25%. Prime Subject to change
    • APR may be increased after consumation


    Closing Costs
    • Estimated surcharge LCHIP Fee in the amount of $25.00 per recorded document and Estimated Courier Fees of $20 per transaction may be charged if applicable.
    • For loan amounts above $100,000, you may be required to pay for either a limited appraisal in the amount of $200 or a full appraisal in the amount of $350.


    Term
    • Up to 15 years
    • Minimum payment is Interest only
    • At maturity, a balloon payment will be due in the amount of any unpaid principal balance plus accrued interest.
    • Payments do not include amounts for taxes and insurance premiums. Your actual payment obligation will be greater.


    Limits
    • Minimum dollar amount of $20,000 and Maximum of $250,000
    • We will lend you up to 80% of the current value of your home, minus any outstanding mortgage(s). You must receive an "Accept" Underwriting decision. Your property must be a single-family owner-occupied home.


    Initial Draw Requirement
    • $20,000, or $250 non-draw fee if draw of $20,000 is not taken at closing.


    • Other Details
    • Annual Fee: $50 per year, waived for the first year
    • Early Payoff Fee: $500 fee if loan is closed within three years from note date
    • Additional Fee: $250 non-draw fee if applicable
    • There may be other charges for special requests.
    • APR after the first three months equals the highest prime rate, as quoted in the Wall Street Journal. After the first three months, the APR is variable and may adjust each month. This rate will never be less than 5% or exceed 21%.
    • You must carry insurance on the property that secures this loan.



Home Equity Line
  • Rate
    • Highest Prime Rate APR (with a floor of 5.000%)
    • Current Prime Rate is 3.250%: Prime Rate subject to change
    • APR may be increased after consumation.


    Closing Costs
    • You may be responsible for the cost of the appraisal (Limited appraisal $200 - full appraisal $350).
    • Estimated surchage LCHIP fee of $25 per recorded document.
    • Estimated courier fee of $20 per transaction if applicable


    • Term
    • Up to 15 years
    • Minimum payment is Interest Only
    • Payments do not include amounts for taxes and insurance premiums. Your actual payment obligation will be greater.
    • At maturity, a balloon payment will be due in the amount of any unpaid balance plus accrues interest


    Limits - Minimum Dollar Amount of $250,001 and Maximum of $1,000,000
    • We will lend you up to 80% of the current value of your home, minus any outstanding mortgages. You must receive an "Accept" underwriting decision. Your property must be a single-family owner-occupied home


    Other Details
    • Annual fee: $50 per year waived for the first year.
    • Early payoff fee: $500 fee if loan is closed within three years from note date
    • There may be other charges for special requests.
    • APR equals the highest Prime Rate, as quoted in the Wall Street Journal. The APR cap is variable and may adjust each month. This rate will never be less than 5% or exceed 21%
    • You must carry insurance on the property that secures this loan.
    • Rates may change based on our underwriting criteria.
Home Equity Loan Pricing
  • Tiered Pricing: MVSB Customer with MVSB Checking Account
    $10,000 - 24,999 $25,000 and over
    Annual Percentage Rate Monthly Payment^ Annual Percentage Rate Monthly Payment^
    60 Months 6.625% $490.60 5.99% $483.31
    120 Months 6.750% $287.05 5.99% $277.43
    180 Months 6.875% $222.95 6.25% $214.36
    • ^Monthly payments do not include amounts for taxes and any insurance premiums. Your actual payment obligation will be greater.
    • Monthly payments are based on a $24,999 loan amount for the first tier and a $25,000 loan amount for the second tier.
    • Estimated Surcharge Fee LCHIP Fee of $50.00.
    • There may be other charges for special requests.
    • You may be responsible for the cost of the appraisal (limited appraisal $200 - full appraisal $350).
    • You must carry insurance on the property that secures this loan.
    • Rates may change based on our underwriting criteria.
    • Add .50% to rates shown above without automatic payment deduction from an MVSB checking account.
    • 80% maximum LTV based on all outstanding loan balances and current value of subject property.
  • To lock in a rate, you must speak with a mortgage specialist.

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