1) The 7.00% Annual Percentage Rate (APR) is a 12-month promotional rate. After 12 months the APR Margin will be based on credit worthiness at that time and range from Prime +0% to Prime +3.5% capped at 18%. As of 5/28/2024 the prime rate is 8.50%. 25 year term with a maximum loan amount of $250,000 on 1st mortgage and $150,000 on 2nd mortgage. 2nd mortgage available on site built homes only.
2) Loan payment is based on 8.50% interest rate - APR of 9.126% with a credit score of 720+. Example payment of $588.79 is for a $20,000 loan paid over 39 months. Closing costs including doc stamps, UCC filing fee and application fee up to $326.00 and must be paid in cash at closing. In example, total amount financed is $19,801 with closing costs of $326.00. To receive the advertised rate, the following requirements must be met: open a personal checking account and sign up for automatic payments. Loan approval is subject to credit underwriting and approval. Rates and lending terms may vary depending on your financial condition and credit history. Rate was updated on 3/1/2024 and is subject to change. See a banker for complete program requirements. Offer ends August 31, 2024.
3) 1) 7.39% fixed for 72 months. Available for the purchase of new rolling stock (commercial vehicles) for those who qualify. Loan approval is subject to credit underwriting and approval. Rate and lending terms may depend on your financial condition and credit history. Standard fees apply. Final approval may require additional documentation. Loan minimum is $5,000 and loan maximum is up to and including $250,000, fixed interest rate for up to 72 months, fully amortizing with principal payments. Customer is responsible for closing costs. First Federal Bank business checking account and auto debit required.