Peoples Trust Company Residential Mortgage Rates

[Pages:1]Peoples Trust Company Residential Mortgage Rates

Salable Conventional Mortgages - Serviced by PTC

(Primary Residence & 2nd Homes)

Loan Type and Term

Max LTV

30 Year Fixed Rate

97.00%

20 Year Fixed Rate

97.00%

15 Year Fixed Rate

97.00%

10 Year Fixed Rate

97.00%

For Investment Properties Pricing Please Contact a Loan Officer.

Government Purchase Loan Programs

FHA - Servicing Released

Loan Type and Term 30 Year Fixed Rate

Max LTV 96.50%

VA - Servicing Released

30 Year Fixed Rate

Up to 100%

RD - Servicing Released

30 Year Fixed Rate

Up to 101%

Rate 3.500% 3.250% 2.750% 2.375%

Rate 3.313% 3.107% 3.458%

Points 0 0 0 0

Points 0 0 0

APR 3.540% 3.300% 2.785% 2.426%

APR 3.523% 3.474% 3.608%

Payment per $1,000 $4.49 $5.67 $6.79 $9.37

Payment per $1,000 $4.39 $4.27 $4.47

Standard Portfolio Mortgages?

Loan Type and Term 30 Year Fixed Rate 20 Year Fixed Rate 15 Year Fixed Rate3 10 Year Fixed Rate

Max LTV 95.00%

Rate 5.750% 5.375%

5.000% 4.500%

Points 0 0

0 0

APR 5.787% 5.424%

5.062% 4.587%

Payment per $1,000 $5.84 $6.81

$7.91 $10.36

Home Equity Lines of Credit

Loan Type and Term

Max CLTV

Rate/Index

Points

APR

10 Year Draw period with Interest Only Payments followed by 10 Year Repayment period with Fixed Principal and Interest

Monthly Payment

Fixed Rate Option Variable Rate Option?

80.00% 4.750%

0

80.00% 3.250% ?

0

4.750%

Greater of $10 or

3.250% ? Interest Accured

?Variable Rate is NY Prime plus 0.00%, adjusted monthly. NY Prime is 3.25% today. Floor is 3.25% with maximum APR of 6 percentage points above your initial rate but not to exceed 18.00%. Generally HELOC have no closing costs, unless an appraisal or subordination is required.

Home Equity Loan

Loan Type and Term 15 Year Fixed Rate3

10 Year Fixed Rate 5 Year Fixed Rate

Max CLTV 80.00%

Rate 4.875% 4.375% 4.000%

Points 0 0 0

APR 4.876% 4.376% 4.002%

Payment per $1,000 $7.84 $10.30 $18.42

Construction Financing

Loan Type and Term

Max LTV

Rate

Points

APR

9 month term with Interest Only Payments followed by a Modification to fix term, rate and final amount financed.

One Time Close?

70.00%

5.99%

0

3.640%

APR includes Permanent Loan Terms: 30 Year at 4.125% as of 04/11/19

Two Time Close?

80.00%

5.99%

0

7.077%

Renovation

80.00%

5.99%

0

4.996%

APR includes Permanent Loan Terms: 15 Year at 4.5%

Payment per $1,000

Interest Only On Credit Extended

Important Loan Information:

Interest rates and points are subject to change without notice, and may vary based on loan program, term, credit quality, loan amount, and property type. All loans are subject to credit approval. The Annual Percentage Rates (APRs) disclosed above assume a loan amount of $125,000, 25% down payment on the purchase of an owner occupied one unit dwelling and a credit score of at least 740 except for Investment properties are non-owner occupied. The APR does not include all the closing costs. Rate lock period quoted is for 90 days for all products. USDA, FHA or VA financing and/or collateral located outside of Franklin, Chittenden, Grand Isle and Lamoille counties may have Servicing Released following the guidelines, pricing and fee structure of that investor. If an escrow account is required or requested, the actual monthly payment will be higher to include amounts for real estate taxes and insurance(s), if applicable. Loans with a Loan To Value, LTV, exceeding 80% will require Private Mortgage Insurance, PMI. ? $500 Loan Administration Fee Applies. ? Meets HPML definition. $300 Loan Administration Fee Applies.

Revised January 25, 2022 11:24 AM SL PTC is an Equal Housing Lender & Member FDIC. Call a mortgage lender at 800-479-2196. NMLS Institution #442104.

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