First-Time Homebuyers
Our lending team will be with you every step of the way. Take the first step by talking to one of our mortgage experts to get prequalified for the right-priced home for you!
Borrower Qualifications
- Must be a first time homebuyer.
- Must meet maximum annual income limits (varies by county and number of household members).
- Applicant needs a minimum of 5% down payment.
- Borrowers and property must meet standard underwriting guidelines.
- Borrowers are required to maintain a checking or savings account at New Tripoli Bank with automatic payment deduction for the mortgage payments.
Benefits
- Interest Rate Reduction = .25%
- Processing Fee Waived = $150.00
- Document Preparation Fee Waived = $350.00
- Convenient Payment Options
For more information, contact our Loan Department at (610) 628-1828.
Current Rates
Effective Date: Saturday, September 19, 2020
| Terms | Points | Annual Percentage Rate (APR) | Interest Rate | Monthly Payment Per $1,000 Borrowed |
|---|---|---|---|---|
15 years* | 0 | 3.410% | 3.375% | $7.09 |
15 years* | 1 | 3.305% | 3.125% | $6.97 |
20 years* | 0 | 3.654% | 3.625% | $5.86 |
20 years* | 1 | 3.518% | 3.375% | $5.74 |
30 years* | 0 | 3.774% | 3.750% | $4.63 |
30 years* | 1 | 3.605% | 3.500% | $4.49 |
*APR is based on $100,000.00 loan amount
**Maximum loan to value ratio is 80% (up to 95% allowed with PMI)
"For credit secured by a first lien on a dwelling, payments do not include amounts for taxes and insurance premiums, if applicable, and the actual payment obligation will be greater."