Adjustable Rate Mortgages

YearsRatePointsAnnual
Percentage Rates**
Monthly Payment
per $1000 Borrowed
5/1 Year Adjustable Rate Mortgage
30 3.750% 0 3.723% $4.63
7/1 Year Adjustable Rate Mortgage ***
30 3.875% 0 4.257% $4.70
10/1 Year Adjustable Rate Mortgage ***
30 4.000% 0 4.244% $4.77

Excellent for Construction Mortgages with a 20% downpayment!

Loan to Value Ratios: 80% on primary residence and on second homes.

* Must meet secondary mortgage underwriting guidelines & Wayne Bank’s credit policy. For PA & NY properties only. For 1- 4 owner-occupied residential properties. Maximum loan amount may vary by county. Payments per thousand disclosed do not include escrow for taxes and insurance that may be required.

** Annual Percentage Rates (APRs) are accurate as of January 19, 2017 and are subject to change without notice. APRs disclosed assume loan is a conventional mortgage to purchase a conforming, owner occupied property with 20% down payment by a qualified borrower and payment is by automatic payment from a Wayne Bank checking account. Actual rate and APR to be determined upon review of credit application. Other terms and rates are available. Please contact any Community Office or mortgage consultant for additional information.

*** The APRs for 7 and 10 year terms for an ARM are subject to change daily. Call for details.