Mortgage and Loan Rates


Effective August 15, 2017
 

Fixed Rate Mortgages 

Purchases or Refinance
 

Term Rate APR1 Monthly Payment2
(Payments Shown Do Not Include Taxes or Insurance)

30 Year

3.750%

3.815%

$4.63

20 Year

3.500%

3.589%

$5.80

15 Year

3.125%

3.236%

$6.97

10 Year

3.000%

3.160%

$9.66

 
Fixed Rate Mortgage Account Details
 
 
Rates effective as of August 15, 2017 

1.Annual Percentage Rate (APR) subject to change without notice. May include points, $17 flood certification fee, $325 origination fee, $350 underwriting fee, $ 500 settlement agent fee, $83 tax service fee, and 15 days prepaid interest. Property insurance is required. The estimated APR is based on a mortgage of $100,000 and does not take into account Private Mortgage Insurance (PMI).
 
2. Per $1,000 Borrowed. Payments shown do not include taxes or insurance. Your payments may be greater. Owner-occupied single family properties only. APR based on 25% downpayment and 0 points. Downpayment of less than 20% requires mortgage insurance. Property and flood insurance where required.
 
No closing cost option available. Contact a Centreville Bank Mortgage Originator for details. Available for mortgages on 1–4-family residential properties at rates greater than posted rate, construction loans and land loans are ineligible. Prepaid interest, private mortgage insurance (PMI) (if loan to value is over 80%), property and hazard insurance, and flood insurance (if required) are the responsibility of the customer. Owner’s title insurance and other applicable fees/charges such as legal fees, home inspections, surveys, deed stamps or transfer taxes are not applicable closing costs and will be paid by the customer. Customer selected attorney costs are the responsibility of the customer. Centreville Bank will not pay for items that is are ordinarily paid for by the seller. Other programs and terms may be available, other conditions may apply. 
 

Adjustable Rate Mortgages (ARM)

Purchases or Refinance
 

Product

Term

Caps

Rate

APR1

Monthly Payment
(Payments Shown Do Not Include Taxes or Insurance)

3/3 ARM

30 Year

2%/6%

2.875%

4.000%

For months 1 to 36, the cost per $1,000 is $4.15. Based on the current index and margin, for months 37 to 360, the fully indexed rate  would be 4.250% with a cost per $1,000 of $4.85.

5/1 ARM

30 Year

2%/6%

3.000%

3.709%

For months 1 to 60, the cost per $1,000 is $4.22. Based on the current index and margin, for months 61 to 360, the fully indexed rate would be 4.000% with a cost per $1,000 of $4.69. 

7/1 ARM

30 Year

2%/6%

3.125%

3.654%

For months 1 to 84, the cost per $1,000 is $4.28. Based on the current index and margin, for months 85 to 360, the fully indexed rate would be 4.000% with a cost per $1,000 of $4.67.

10/1 ARM

30 Year

2%/6%

3.375%

3.680%

For months 1 to 120, the cost per $1,000 is $4.42.  Based on the current index and margin, for months 121 to 360, the fully indexed rate would be 4.000% with a cost per $1,000 of $4.67.

 
Adjustable Rate Mortgage Account Details
 

Rates listed above are effective as of today. Annual Percentage Rate (APR) subject to change without notice. APR is variable and may increase after closing. Index is U.S. one-year Constant Maturity Treasury (CMT). Payments shown do not include taxes or insurance. Your payments may be greater. Owner-occupied Rhode Island, Connecticut and Massachusetts single family properties only.

APR dependent on loan terms. Down payment of less than 20% requires mortgage insurance. Property and flood insurance where required. Subject to credit approval.
 
The 3/3 and 7/1 adjustable rate mortgages may have an introductory discount where the initial rate is less than the sum of the index and margin. The discount will be in effect for the initial period only.
 
APRs shown above are based on a 30 year term (360 payments) and are subject to change after consummation.
  
1. May include points, $17 flood certification fee, $325 origination fee, $350 underwriting fee, $ 500 settlement agent fee, $83 tax service fee and 15 days prepaid interest. Property insurance is required. The estimated APR is based on a mortgage of $100,000 and does not take into account Private Mortgage Insurance (PMI).
 
No closing cost option available. Contact a Centreville Bank Mortgage Originator for details. Available for mortgages on 1–4-family residential properties at rates greater than posted rate, construction loans and land loans are ineligible. Prepaid interest, private mortgage insurance (PMI) (if loan to value is over 80%), property and hazard insurance, and flood insurance (if required) are the responsibility of the customer. Owner’s title insurance and other applicable fees/charges such as legal fees, home inspections, surveys, deed stamps or transfer taxes are not applicable closing costs and will be paid by the customer. Customer selected attorney costs are the responsibility of the customer. Centreville Bank will not pay for items that is are ordinarily paid for by the seller. Other programs and terms may be available, other conditions may apply. 
 

Construction Mortgages

Contact a member our mortgage team for rate and product information.

Contact A Mortgage Consultant

 

Home Equity Loans

Fixed Rate - 1/4 Family Owner Occupied Dwellings
 

Term APR1 Monthly Payment2
(Payments Shown Do Not Include Taxes or Insurance)
APR with Auto-Pay3 Monthly Payment2
(Payments Shown Do Not Include Taxes or Insurance)

5 yr

3.250%

$18.08

3.000%

$17.97

10 yr

4.250%

$10.24

4.000%

$10.12

15 yr

4.875%

$7.84

4.625%

$7.71


Home Equity Loan Account Details

 

Rates effective as of August 15, 2017 
 
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 3.75% for $50,000 is 119 payments of $500.31 and a final payment of $499.76. The APR of 3.75% 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. APR indicated requires automatic payment from a Centreville Bank checking account. Please see customer service representatives for rates without automatic payment. Subject to credit approval. Other terms available.
 
3. APR indicated requires automatic payment from a Centreville Bank deposit account.
 

Home Equity Line of Credit (with Promotional APR)

  • 1.99% Intro APR for the first 12 months1
  • Thereafter APR will resort to Prime + 0 (Currently 4.25% APR)

 

Home Equity Line of Credit Account Details

 

Rates Effective August 15, 2017  
 
1. 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. A minimum initial draw of $25,000 is required. All subsequent draws will be set at $100 or more. Personal Elite Checking account is required to get the intro APR. After the introductory period the rate will be set at Prime +0%. $50 Annual Fee is waived for the first year. Other terms and conditions and restrictions apply. Subject to credit approval. Offer subject to change without notice. 
 
Your APR will vary monthly if the Prime Rate changes but will not exceed 18.00% or be less than 3.75%. 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 Elite 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.
 

Auto Loans

Loan Account Type Term  APR1 Monthly Payment2
New Auto
(2016 - 2017)
Up to 72 Months 3.99% $15.64
Used Auto
(2013 - 2015)
Up to 48 Months 4.49% $22.80
New Motorcycle
(2016 - 2017)
Up to 60 Months 5.24% $18.98
Used Motorcycle
(2013 - 2015)
Up to 48 Months 6.24% $23.60
New RV's & Trailers
(2016 - 2017)
Up to 72 Months 6.99% $17.04
Used RV's & Trailers
(2013 - 2015)
Up to 60 Months 7.50% $20.04

Auto Loan Account Details

 

Rates effective August 15, 2017 
 
The above rates require Automatic Payment from your Centreville Bank checking account and may change if automatic payment is cancelled. Automatic Payment is not required to obtain the loan.
 
1. Annual Percentage Rate. APR Annual Percentage Rate will be determined by individual credit worthiness.
 
2. Per $1,000 borrowed. Based on Longest Term & with Auto Payment.

 

Unsecured Personal Loans

Product APR as low as1

Monthly Payment2

Unsecured Personal Loan (Maximum amt $10,000) 11.50% $26.09 / 48 months

Unsecured Personal Loan Account Details

 

Rates Effective August 15, 2017 

The above rates require Automatic Payment from your Centreville Bank checking account and may change if automatic payment is cancelled. Automatic Payment is not required to obtain the loan.
 
1. Annual Percentage Rate will be determined by individual creditworthiness. APR's are subject to change without notice. Some restrictions apply. Rates are subject to change without notice.  
 
2. Per $1,000 borrowed. Based on Longest Term & with Auto Payment.