Current Lending Rates
Below are the most current residential Lending Rates. Interest rates and Annual Percentage Rates (APRs) are current as of December 04, 2024. Rates are subject to change at any time. Contact the bank to confirm rates and details.
| First Mortgage Loans* | Term | Interest Rate | APR# |
|---|---|---|---|
| Fixed Rates - First Mortgage Loans | 30 years | 6.625% | 6.676% |
20 years | 6.625% | 6.692% | |
15 years | 6.500% | 6.583% | |
10 years | 6.500% | 6.616% |
| Jumbo Loans (over $726,200): Call for Quote | Other rate options available through the Mortgage Web Center |
|---|
* Single-family residence with Loan to Value (LTV) Ratio of 90% or less. Rates shown are for owner-occupied properties. Private Mortgage Insurance (PMI) may be required for borrowers with less than a 20% down payment. All commitments will be binding for 45 days after the date of commitment. Extended commitments are available. Ask for specific information. # Example APRs are based on a typical loan of $250,000, assuming standard loan fees. Property taxes and homeowner's insurance are required. A $250,000 mortgage with a 30-year fixed rate at 6.625% would have 360 monthly principal/interest payments of $1,600.78.
| Home Improvement / Second Mortgage Loans* | Term | Interest Rate | APR# |
|---|---|---|---|
| Fixed Rates - Home Improvement / Second Mortgage Loans | 10 years | 8.000% | 8.048% |
7 years | 7.500% | 7.565% | |
5 years | 7.000% | 7.087% |
* Loan to Value (LTV) Ratio of 80% or less (up to 90% for American Community Bank mortgage customers). Loans over 80% and up and 90% LTV are available with a minimum increase of 0.50% above stated rates. # Example APRs are based on a typical loan of $50,000, assuming standard loan fees. Property taxes and homeowner's insurance are required. A $50,000 loan with a 10-year fixed rate at 8.000% would have 120 monthly principal/interest payments of $606.64.
| Building Lot Loans* | Term | Interest Rate | APR# |
|---|---|---|---|
| Fixed Rates - Building Lot Loans | 10 years | 7.250% | 7.621% |
15 years | 7.500% | 7.768% |
* Loan to Value (LTV) Ratio of 80% or less. # Example APRs are based on a typical loan of $80,000, assuming standard loan fees. A $80,000 loan with a 10-year fixed rate at 7.250% would have 120 monthly principal/interest payments of $939.21.
| Home Equity Line of Credit* (Revolving Credit) | Term | Interest Rate | APR# |
|---|---|---|---|
| Rate is Variable, Adjusted Monthly - Home Equity Line of Credit | 10 years | Prime^ + 0.500% | 8.250% |
* Security required of a first or second lien on a personal residence. Loan to Value (LTV) Ratio of 80% or less. $10,000 minimum line amount. No opening costs. $45 annual fee. Interest only payments. Floor rate of 4.250% and Ceiling rate of 18.000%. Homeowner's insurance required. Line balance is due in full at loan maturity. Consult with your tax advisor. # Example APR is based on a typical loan of $10,000, assuming standard loan fees. The APR is variable and is based upon an index (the Prime Rate) plus a margin. ^Prime Rate based on rate as published in the Wall Street Journal.
Contact Our Mortgage Lenders
Erin Hott
Loan Officer
NMLS: 1379970
Location: Schererville Office
Phone: (219) 440-5990
Michael Pastrick
Loan Officer
NMLS: 1539355
Location: Schererville Office
Phone: (219) 440-5990
Brian Wieser
Loan Officer
NMLS: 1576094
Location: Schererville Office
Phone: (219) 440-5990
Todd Williams
Senior Vice President, Lending
NMLS: 552314
Location: Schererville Office
Phone: (219) 440-5990