Peoples Trust Company Residential Mortgage Rates

Peoples Trust Company Residential Mortgage Rates

Salable Conventional Mortgages - Serviced by PTC

Loan Type and Term

Max LTV

30 Year Fixed Rate

97.00%

20 Year Fixed Rate

97.00%

15 Year Fixed Rate 10 Year Fixed Rate

97.00% 97.00%

Rate 3.250% 3.125% 3.000% 3.125% 3.000% 2.875% 2.875% 2.750% 2.750% 2.625%

Points 0 1 2 0 1 2 0 1 0 1

APR 3.289% 3.244% 3.199% 3.175% 3.139% 3.104% 2.910% 2.929% 2.801% 2.886%

Payment per $1,000 $4.35 $4.28 $4.22 $5.61 $5.55 $5.48 $6.85 $6.79 $9.54 $9.48

Government Purchase Loan Programs

Loan Type and Term

FHA - Servicing Released

30 Year Fixed Rate

VA - Servicing Released

30 Year Fixed Rate

RD - Servicing Retained

30 Year Fixed Rate

Max LTV 101.01%

Rate

Points

APR Payment per $1,000

Contact your Lender for Individual Pricing.

Contact your Lender for Individual Pricing.

3.250%

0

3.330%

$4.35

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 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 puchase of an owner occupied one unit dwelling and a credit score of at least 740. The APR does not include all the closing costs. Rate lock period is for 90 days for all products except RD, FHA & VA are 60 days. 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.

PTC is an Equal Housing Lender & Member FDIC. Call a mortgage lender at 800-479-2196. NMLS Institution #442104.

Revised June 8th, 2020 11:18 AM SL

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