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Fixed Rate Mortgages & Adjustable Rate Mortgages (ARM)

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Construction Mortgages

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Home Equity Loans (Fixed Rate - 1/4 Family Owner Occupied Dwellings) Rates effective as of October 22, 2020
Term APR1 Monthly Payment2
(payments shown do not include
taxes or insurance premiums
therefore payment
obligation will be greater)
APR with Auto-Pay3 Monthly Payment2
(payments shown do not include
taxes or insurance premiums
therefore payment
obligation will be greater)
5 yr 4.125% $18.47 3.875% $18.36
10 yr 4.500% $10.36 4.250% $10.24
15 yr 4.750% $7.78 4.500% $7.65

1. Annual Percentage Rate (APR) subject to change without notice. 
 
2. Per $1,000 Borrowed. Rate offer is subject to change at any time. Minimum loan amount $10,000, maximum loan amount $500,000. Maximum loan amount not to exceed 80% of property value on a 1-4 family owner occupied home. The payment on a 10-year Fixed-Rate Loan at 4.500% for $50,000 is 119 payments of $518.19 and a final payment of $518.19. The APR of 4.500% is fixed for the 10-year term. Payment does not include taxes and insurance premiums therefore payment obligation will be greater. Borrower responsible for property insurance. Subject to credit approval. Other terms available.
 
3. APR indicated requires automatic payment from a Centreville Bank deposit account.

Home Equity Line of Credit: Special Introductory Rate

  • 2.50% for initial 12 months
  • Variable APR 3.50% (prime + 0.25%) for remaining term
  • Loan to Value not to exceed 80%
  • No minimum draw, primary residences and new lines only
  • Personal Premium checking account required

*Introductory APR shown effective for the first 12 months.  After the introductory period the Annual Percentage Rate (APR) may vary monthly and will be based on the Prime Rate as listed in the Wall Street Journal (Prime) plus a margin.  Rates effective as of 5/11/2020.  Personal Premium Checking account from Centreville Bank, or Premier Relationship Checking account from Putnam Bank is required to get the intro APR.  After the introductory rate period the rate will be set at Prime +.25%.  Other terms, conditions and restrictions apply.  Subject to credit approval.  Your APR will vary monthly if the Prime Rate changes but will not exceed 18.00% or be less than 3.25%.  Check the Wall Street Journal for the current Prime Rate.  The term of the HELOC is 25 years:  10-year draw period, 15-year repayment period.  A minimum payment of $10.00 will be assessed on the HELOC for each billing period in which there is an outstanding balance.  The minimum payment during the draw period will equal  the finance charges (interest) that accrued on the outstanding balance during the preceding month.  The minimum payment during the repayment period will be all accrued and unpaid finance charges and any past due past due principal plus 1/180th of the principal balance at the beginning of the repayment period.  If property is held in a Trust a review fee of up to $500.00 may apply.  Property insurance is required.  Flood insurance where required by law.  1-4 family, owner occupied primary residences only.  Maximum loan-to-value of 80%.  Consult your tax advisor regarding the deductibility of interest.  Additional restrictions may apply. Fees charged to the customer will apply under the following circumstances: Annual Maintenance Fee of $50.00 (Annual Maintenance Fee will be waived if the tax reporting owner has a Personal Premium Checking account or Premier Relationship Checking account); Early Termination Fee of $350.00 if the line is closed within 2 years from the note date; If the loan amount is greater than $250,000 and in first position, the Borrower will be required to pay for Title Insurance Policy, Municipal Lien Certificate, and Survey Deletion Letter. These fees generally total between $650.00 and $1,500.00. Rates are subject to change. Offer may be withdrawn at any time.

Home Equity Line of Credit

  • Up to 80% loan to value - Variable APR 3.50% (prime + 0.25%)
  • Over 80% - 90% loan to value - Variable APR 4.25% (prime + 1.00%)
  • $50.00 annual fee may apply
  • Late payment and over the credit limit charges may apply

Your APR will vary monthly if the Prime Rate changes but will not exceed 18.00% or be less than 3.25%. Check the Wall Street Journal for the current Prime Rate. Account closure fee of $350 will apply if line is paid off and closed within first two years. Annual fee of $50.00 applies after the first year.  Trust review fees of $100 to $250 may apply if property is held in a trust. Property insurance is required. Flood insurance where required by law. 1-4 family, owner-occupied primary residences or second homes only.  Maximum loan-to-value of 90% with Centreville Bank in first position. Subject to credit approval. Consult your tax advisor regarding the deductibility of interest. Additional restrictions may apply. FEES AND CHARGES: To open and maintain a line of credit, the following fees apply: Application fee: $0.00 (due at application); Points 0.00% of credit limit (due when account is opened). Fees charged to the customer will apply under the following circumstances: Annual Maintenance Fee of $50.00 (Annual Maintenance Fee will be waived if the tax reporting owner has a Personal Premium Checking account); Early Termination Fee of the lesser of the amount of the closing costs paid by the bank or $350.00 if the line is closed within 2 years from the note date; if the loan amount is greater than $250,000 and in first position, the Borrower will be required to pay for Title Insurance Policy, Municipal Lien Certificate, and Survey Deletion Letter. Customer paid third party fees may also apply: Power of Attorney, Bank approved attorney review and recording of Revocable Trust Agreement or other legal documents. Fees generally total between $0.00 and $500.00.