Home Equity Loan and Mortgage Loan Rates for Pittsburgh Area
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Current Mortgage and Home Equity 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 March 27, 2020. 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 | ||
| 15 Year Loan | ||
| 20 Year Loan | ||
| 30 Year Loan | ||
* 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 $1,474.52, 15-year is $1063.14, 20-year is $860.34 and 30-year is $673.57. Property insurance is required.
Construction Loans - Fixed Rates
| Term | Interest Rate (%) | APR*(%) | |
|---|---|---|---|
| 30 Year Loan | 4.250 | 4.411 |
* 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 $737.91. Property insurance is required.
Adjustable Rate Mortgage Loan Rates (1-4 Family Owner Occupied)
| Product Name | Interest Rate (%) | APR*(%) |
|---|---|---|
| 5/1 ARM | 3.250 | 4.723 |
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 | 3.500 | 3.825 |
| 20 Year | 3.500 | 3.753 |
| 30 Year | 3.625 | 3.807 |
* 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 $357.44, 20 year loan is $289.98, and a 30 year loan is $228.03. Geographic and income restrictions apply.
Home Equity Loan ($10,000 - $510,400)
| Term | Loan Amount ($) | Interest Rate (%) | PAYMENT** | APR(%) */ ** |
|---|---|---|---|---|
| 5 Year Loan - First Lien Position | 10,000 to 510,400** | 3.870 | $183.58 | 4.211 |
| 5 Year Loan - Second Lien Position | 10,000 to 510,400** | 3.870 | $183.58 | 4.211 |
| 10 Year Loan - First Lien Position | 10,000 to 510,400** | 3.870 | $100.63 | 4.048 |
| 10 Year Loan - Second Lien Position | 10,000 to 510,400** | 3.870 | $100.63 | 4.048 |
| 15 Year Loan - First and Second Lien Position | 50,000 to 149,999*** | 3.960 | $368.84 | 3.99 |
| 15 Year Loan - First and Second Lien Position | 150,000 to 510,400**** | 3.48 | $1,070.85 | 3.49 |
Minimum required loan balance is $10,000.
With the exception of a discounted rate on the 15 Year First and Second Lien Position Loans.
o 15 year fixed rate .375 rate discount requires : minimum loan amount of $50,000.00: Auto payment form a
Standard Bank checking account and $10,000.00 new money with the loan.
o 15 year fixed rate .86 rate discount requires : minimum loan amount of $150,000.00: Auto payment form a
Standard Bank checking account and $20,000.00 new money with the loan.
Property must be a 1- 4 family owner occupied property.
Maximum loan to value (LTV) of 89.9% for Home Equity loans.
Maximum loan to value (LTV) of 85% for Home Equity Line of Credit loans.
AUTO-PAYMENT FROM A STANDARD BANK CHECKING ACCOUNT IS REQUIRED to receive .375bps rate discount on all Home Equity programs.
Property and flood insurance may be required if applicable.
An appraisal may be required.
Closing costs may range from $298.00 to $850.00.
Applicable recording stamps for the State of Maryland must be paid by the borrower.
** All Payments and APRs are based on $10,000
***Payment based on $50,000.
****Payment based on $150,000.
Loans over $400,000 require Title Insurance.
Approval is subject to underwriting.
Interest Only - Home Equity Line of Credit
| Loan Amount ($) | *Interest Rate |
|---|---|
| $10,000 to $510,400 | Prime Rate Minus .64% *** ~Special~ > .99% for 6 months! |
An appraisal may be required. Maximum Loan to Value 85%.
Closing costs may range from $250.00 to $825.00.
Auto-payment from a Standard Bank checking account is required***
Applicable recording stamps for the State of Maryland must be paid by the borrower.
Property must be a 1-4 family, owner occupied property.
Interest rate may increase after consummation of the loan.
Variable Rate is based on the Prime Rate (currently 3.250%)
The Maximum APR over the life of the line can not exceed 18%
Property insurance is required on the property that secures your account. Flood Insurance may be required.
Lines in excess of $400,000 require Title Insurance.
$50 annual fee (waived for first year)
Other Products
| Product | Specifics |
|---|---|
| New and Used Auto Loans | Contact your Local Office for Details / Rates and Terms |
