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Skip Navigation LinksPersonal Banking > Mortgage Loans > Mortgage Loan Assumptions

Contact Us >Details & Assumptions on mortgage rates

A.P.R. = Annual Percentage Rate

The current rate quotes listed are based on the following criteria and assumptions. These parameters are subject to change without notice:

Conforming Fixed Rate Mortgage
Details and Assumptions

  • Purchase of a primary single family dwelling
  • Purchase Price is $180,000.00
  • Credit score is 720 or higher
  • Debt-to-income ratio is below 45%
  • Loan-to-value is 80% or less
  • Borrower does not have subordinate financing
  • Borrower will escrow both taxes and insurance
  • Rates are valid for 45 day lock period
  • No Seller Assistance
  • Closing Costs are paid out-of-pocket

FHA Fixed Rate Mortgage
Details and Assumptions

  • Purchase of a primary single family dwelling
  • Purchase Price is $175,000.00
  • Credit Score is 650 or higher
  • Debt-to-income ratio is 40% or less
  • Loan-to-value is 96.50% or less
  • Up Front Mortgage Insurance is 1.75%
  • Monthly Mortgage Insurance is 1.15%
  • Borrower will escrow both taxes and insurance
  • Rates are valid for 45 day lock period
  • No Seller Assistance
  • Closing Costs are paid out-of-pocket

Jumbo* Fixed Rate Mortgage
Details and Assumptions

  • Purchase of a primary single family dwelling
  • Purchase Price is $600,000.00
  • Credit Score is 740 or higher
  • Debt-to-income ratio is 38% or less
  • Loan-to-value is 75.0% or less
  • Borrower does not have subordinate financing
  • Borrower will escrow both taxes and insurance
  • Rates are valid for 45 day lock period
  • No Seller Assistance
  • Closing Costs are paid out-of-pocket

  • *Jumbo loans are in excess of $417,000.00

Jumbo* Adjustable Rate Mortgage
Details and Assumptions

  • Purchase of a primary single family dwelling
  • Purchase Price is $600,000.00
  • Credit Score is 740 or higher
  • Debt-to-income ratio is 38% or less
  • Loan-to-value is 75.0% or less
  • Borrower does not have subordinate financing
  • Borrower will escrow both taxes and insurance
  • Rates are valid for 45 day lock period
  • No Seller Assistance
  • Closing Costs are paid out-of-pocket
  • After fixed term, rate will adjust annually at 1 Year U.S. Treasury + 2.75%
  • Maximum adjustment annually is 2.00%, with a lifetime cap of 6.00%

  • *Jumbo loans are in excess of $417,000.00

Interest rates and APRs are based on current market rates, are for informational purposes only, are subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, loan-to-value ratio, credit score and other variables. Call Call us at 1.888.677.7869 or in the Shippensburg area at 717.530.3530 for additional information.

This is not a credit decision or a commitment to lend and credit is subject to approval. Depending on loan guidelines, mortgage insurance may be required. If mortgage insurance is required, the mortgage insurance premium could increase the APR and the monthly mortgage payment. Additional loans programs may be available.

APR (annual percentage rate) reflects the effective cost of your loan on a yearly basis, taking into account such items as interest, most closing costs, discount points (also referred to as “points”) and loan-origination fees. Your monthly payment is not based on APR, but instead on the interest rate stated on your promissory note.

Other products and terms are available upon request.