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Skip Navigation LinksPersonal Banking > Mortgage Loans > Mortgage Loan Rate 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 $180,000.00
  • 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%
  • 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 loans require both an upfront and an annual mortgage insurance premium. The premium varies based on the loan characteristics, your credit score, whether you’ve received loan counseling, and other factors. For illustrative purposes on FHA loans, our loan detail results do not include a mortgage insurance payment added to the monthly principal and interest payment.

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 loan rates apply for amounts ranging from $417,001.00 to $1.5 million.

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
  • For Jumbo ARM interest rates, at adjustment your new mortgage rate will be the 1 Year U.S. Treasury Security Rate adjusted to a constant maturity of one-year as published in the Wall Street Journal, plus a margin of 2.75% subject to annual and lifetime adjustment caps.

    *Jumbo loan rates apply for amounts ranging from $417,001.00 to $1.5 million.

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 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.