Construction Loans

Percentage Rates
Monthly Payment
per $1000 Borrowed
15 3.500% 0 3.684% $7.15
20 3.750% 0 3.896% $5.83
30 4.000% 0 4.108% $4.77

Annual Percentage Rates are effective as of December 14, 2017. 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.