Construction Loans

Percentage Rates
Monthly Payment
per $1000 Borrowed
15 4.375% 0 4.565% $7.59
20 4.625% 0 4.772% $6.39
30 4.750% 0 4.858% $5.22

Annual Percentage Rates are effective as of August 16, 2018. APRs are subject to change without notice.

Rates and APRs as disclosed above 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 based upon review of credit application.

If Auto Draft feature is not selected, add .25% to the above rates.

Other terms and rates are available. Please contact any local community office for additional information, or call 1-800-538-0234.

Call for rates and terms on Jumbo mortgages (over $424,100).

* Loans must meet secondary mortgage underwriting guidelines & Wayne Bank’s credit policy. For PA & NY properties only. For 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.