Loan Rates

Loan and APR information for:December 6, 2019

5/1 ARM

Interest Rate 3.625%
APR1 4.232%
Loan Amount $484,350.00
1st Adjustment Change 60

7/1 ARM

Interest Rate 3.750%
APR2 4.191%
Loan Amount $484,350.00
1st Adjustment Change 84

10/1 ARM

Interest Rate 3.875%
APR3 4.160%
Loan Amount $484,350.00
1st Adjustment Change 120

Ask a Bank Representative for more information.

ARM = Adjustable Rate Mortgage. APR = Annual Percentage Rate, assumes a loan-to-value (LTV) ratio of 80% and a 690 credit score. The index is the average interbank offered rates for one year U.S. Dollar denominated deposits in the London Market ('LIBOR') as published in the Wall Street Journal. The APR does not include closing costs or discount points. Your interest rate will depend upon your credit history, loan-to-value (LTV), occupancy, property type, loan amount and loan purpose. The APR may increase after consummation and may vary.

1 5/1 ARM - 3.625% rate ( 4.232% APR), example based on a total loan amount of $484,350.00, 80% LTV and 690 credit score. APR is based on a fixed rate period for the first 60 months and the fully-indexed rate for the remainder of the term. Rates are subject to increase at the end of the fixed rate period, may adjust annually, and are based on an index plus a margin.

2 7/1 ARM - 3.750% rate ( 4.191% APR), example based on a total loan amount of $484,350.00 , 80% LTV and 690 credit score. APR is based on a fixed rate period for the first 84 months and the fully-indexed rate for the remainder of the term. Rates are subject to increase at the end of the fixed rate period, may adjust annually, and are based on an index plus a margin.

3 10/1 ARM - 3.875% rate ( 4.160% APR), example based on a total loan amount of $484,350.00 , 80% LTV and 690 credit score. APR is based on a fixed rate period for the first 120 months and the fully-indexed rate for the remainder of the term. Rates are subject to increase at the end of the fixed rate period, may adjust annually, and are based on an index plus a margin.
This is not an offer for an extension of credit or commitment to lend. All applications are subject to borrower and property underwriting approval. Not all applicants will qualify. All loan products and terms are subject to change without notice.
Provident Savings Bank, F.S.B., NMLS #449980. Ⓒ 2019 Provident Bank. All rights reserved.
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