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Mortgage – Purchase and Refinance

Buying or refinancing? Check this out.

Mortgage:

  • Fixed interest rate
  • Loan terms up to 30 years
  • No pre-payment penalties
  • 5% down payment available with the purchase of PMI
  • 85% Loan-to-Value without PMI
Mortgage
Terms Down payment equity Rate** Points APR*
15 Year 5% 3.125% 0 3.247%
20 Year 5% 3.750% 0 3.847%
30 Year 5% 3.875% 0 3.945%
Rates Effective October 19, 2017

* Annual Percentage Rate
** Best rate available at cfsbank.

Above APR’s assume a $100,000 loan amount for term stated. Monthly payment example: 360 monthly payments of $4.77 per $1,000 borrowed at 3.875% Interest Rate with a corresponding 3.945% APR.

  • Above payment example does not include the required payment for escrow (taxes, insurance, etc.).
  • Other interest rates available. Call your nearest cfsbank Office for details.

First Time Home Buyer Mortgage

Looking for your first home? We’re here to help.

  •  Interest rate will be discounted 0.125% from our current rates
  • 5% down payment available with the purchase of PMI
  • 85% Loan-to-Value without PMI

General Guidelines for Eligibility:

  • cfsbank has defined a first time home buyer as anyone who has not owned a home for the past three years from time of application.
  • The program is limited to the purchase of existing single family homes to be occupied and maintained as a primary residence.
Terms Down payment equity Rate** Points APR*
30 Years 5% 3.750% 0 3.820%
Rates Effective October 19, 2017

* Annual Percentage Rate
** Best rate available at cfsbank.

Above APR’s assume a $100,000 loan amount for term stated. Monthly payment example: 360 monthly payments of $4.63 per $1,000 borrowed at 3.750% interest rate with a corresponding 3.820% APR.

  • Above payment example does not include the required payment for escrow (taxes, insurance, etc.).
  • Applicants may not have had an ownership interest in residential real estate within the past three years prior to their loan application date under this program.
  • Household income limitations apply.
  • Other rates and terms available.
  • Interest may be tax deductible. Please consult your tax advisor.