Home Equity Loan and Mortgage Loan Rates for Pittsburgh Area
Current Mortgage Loan and Home Equity Loan Rates in the
Pittsburgh and Cumberland Markets
Mortgage Loan Rates | Construction Loan Rates | Hometown Loan Rates (Special!)
Home Equity Loan Rates | Line of Credit Rates | Other Loan Rates
All rates effective as of June 29, 2022. Please note that the rates are subject to change without notice.
Fixed Mortgage Loan Rates (1-4 Family Owner Occupied)
Term | Interest Rate (%) | APR*(%) |
---|---|---|
10 Year Loan | 4.625 | 4.812 |
15 Year Loan | 4.625 | 4.756 |
20 Year Loan | 5.125 | 5.230 |
30 Year Loan | 5.625 | 5.705 |
* Annual Percentage Rate (APR) is subject to change without notice.
The APR is accurate for a fixed rate home mortgage loan of $150,000 with a loan to value ratio (LTV) of 80%.
Higher LTV may require private mortgage (PMI) insurance, which will increase the APR.
The monthly principal and interest payment on $150,000 for 10-year is $1,563.63, 15-year is $1,157.10, 20-year is $1000.32 and 30-year is $863.48. Property insurance is required.
Construction Loans - Fixed Rates
Term | Interest Rate (%) | APR*(%) | |
---|---|---|---|
30 Year Loan | 5.750 | 5.930 |
* Annual Percentage Rate (APR) is subject to change without notice.
The APR is accurate for a fixed rate home mortgage loan of $150,000 with a loan to value ratio (LTV) of 80%.
The monthly principal and interest payment on $150,000 for 30-year is $875.36. Property insurance is required.
Adjustable Rate Mortgage Loan Rates (1-4 Family Owner Occupied)
Product Name | Interest Rate (%) | APR*(%) |
---|---|---|
5/1 ARM | 4.875 | 5.944 |
In the 6th year, the new interest rate will be based on an index (the weekly average yield for U.S. Treasury Securities adjusted to a constant maturity of one year rounded to the nearest one eighth percent), plus 3.500%.
The adjustment is limited to an increase or decrease of 2 percentage points annually. The interest rate cannot decrease to less than 3.500%.
For example, for every $1,000 borrowed at the initial interest rate of 3.000% there will be 60 fixed payments of $4.08. During the next 300 payments, the maximum amount that the interest rate can increase is 6 percentage points or 9.000% at a maximum payment of $7.87 . These payments do not include tax escrow or insurance payments.
Hometown Loan (Single family owner occupied)
Term | Interest Rate (%) | APR*(%) |
---|---|---|
15 Year | 4.375 | 4.708 |
20 Year | 4.875 | 5.142 |
30 Year | 5.375 | 5.577 |
* Annual Percentage Rate (APR) is subject to change without notice.
The APR is accurate for a fixed rate home mortgage loan of $50,000
LTV great than 80% requires private mortgage (PMI) insurance.
The monthly principal and interest payment on $50,000 for a 15 year loan is $379.31, a 20 year loan is $326.54, and a 30 year loan is $279.99. Geographic and income restrictions apply.
Home Equity Loan
Term | Loan Amount ($) | Interest Rate (%) | PAYMENT | APR*(%) |
---|---|---|---|---|
5 Year Loan - First Lien Position | 10,000 to 500,000 | 4.750 | $187.57 | 5.094 |
5 Year Loan - Second Lien Position | 10,000 to 400,000 | 4.750 | $187.57 | 5.094 |
7 Year Loan - First Lien Position **SPECIAL | 75,000 to 500,000 | 4.357 | $1037.53 | 4.390 |
10 Year Loan - First Lien Position **SPECIAL | 75,000 to 500,000 | 4.716 | $785.12 | 4.740 |
10 Year Loan - Second Lien Position | 10,000 to 400,000 | 5.125 | $106.68 | 5.307 |
15 Year Loan - First Lien Position **SPECIAL | 75,000 to 500,000 | 4.873 | $588.15 | 4.890 |
15 Year Loan - Second Lien Position | 10,000 to 400,000 | 5.375 | $81.05 | 5.504 |
** Home Equity Loan SPECIAL products follow the same parameters noted above, with the following exceptions: The loan must be a first lien position loan with a minimum loan size of $75,000.00. APRs for the Home Equity Loan SPECIAL products are based upon a $75,000.00 loan amount, subject to change without notice and are available to well qualified borrowers, including a .25% rate discount eligible with an auto-payment from a Standard Bank account. Purchase transaction are not eligible. The Home Equity Loan SPECIAL product cannot be utilized to payoff an existing Standard Bank loan or line of credit and requires 100% new money. The maximum Loan to Value (LTV) is 85. Loan approval is subject to underwriting with a maximum debt to income (DTI) ratio of 45%.
Interest Only - Home Equity Line of Credit
Loan Amount ($) | *Interest Rate |
---|---|
$10,000 to $400,000 | Prime Rate Minus .25% SPECIAL > .99% for 6 months! |
Other Products
Product | Specifics |
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