Mortgage Loans
- Fixed Rate Mortgages
- 30 and 15-Year Fixed Rates
- Purchase or Refinance
- Local Underwriting
- Low Fees and Closing Costs
- Servicing Retained by SSB
- Adjustable Rate
- Jumbo Loans
- Flexible Terms and Conditions
- Local Underwriting
- Construction Loans
- Reduced Documentation
- Servicing Retained by SSB
- Bridge Loan Options
- Land/Lot Loan (Developed & Undeveloped)
Once you know approximately how much home is in your price range, use the guide below or our convenient Mortgage Loan Calculator to estimate your monthly payments based on the principal and interest. Closing costs are normally paid in a lump sum at the time you take out the loan. Other annual costs such as taxes, insurance and mortgage life insurance are also not included on the chart, but may be added to your monthly payments.
Mortgage Rates
| Maximum Term (Months) | Maximum1 LTV | Simple2 Interest Rate | Example3 Monthly Payment | Example4 Variable APR |
|---|---|---|---|---|
| 180-Months Fixed | 80% | 4.625% | $771.40 | 4.767% |
| 240-Months Fixed | 80% | 5.375% | $680.85 | 5.489% |
| 360-Months Fixed | 80% | 5.375% | $559.97 | 5.460% |
1 Per SSB policy. Loan-to-Value (LTV) is based on the lesser of the purchase price or appraised value.
2 Fixed Rate.
3 Example payment for a $100,000 loan amortized at the stated simple interest rate over the maximum term. Payment does not include taxes and insurance and the actual payment obligation will be greater.
4 Annual Percentage Rate (APR) for a $100,000. loan amortized at the stated simple interest rate over the maximum term. APR includes prepaid finance charges of $937.28. PMI (Private Mortgage Insurance) may be required for loans with LTV's in excess of 80%. Other customary closing costs apply.
The above rates are for illustrative purposes only. They are based on the Annual Percentage Rate (APR) indicated for principal and simple interest with a term of 30 years. We offer a variety of mortgage plans.
Is Refinancing Right For You? Generally, it’s a good idea for you to consider refinancing whenever the interest rate for mortgages is more than two percentage points below your present mortgage. And whether you apply with us for a new mortgage to buy the home you want, or to refinance your present mortgage, ask about a Homeowner’s Credit Line. It can help you save on fees when you apply; interest when you want to borrow money; and, on taxes at the end of the year. For more details, speak to one of our mortgage loan experts 330-878-5555.
