Improved Land and Lot Loans

Balloon**Term (Months)*Premium RateAnnual Percentage RateMonthly Payment
per $1000 Borrowed
3 Year Fixed 60 5.50% 5.67% $19.11
5 Year Fixed 60 6.00% 6.17% $19.34

$350.00 Application Fee
$275.00 Documentation Fee

*Based on a minimum credit score of 740 and subject to Wayne Bank’s credit policy. Some restrictions apply. Minimum & maximum amounts may apply. Additional information such as terms, restrictions, fees & closing costs available.

Annual Percentage Rates are effective as of June 21, 2018. APRs are subject to change without notice.

75% of the lower of the Appraised Value or Purchase Price may be advanced to 60 Months when utilities, roads, or streets necessary for the development of such real estate have been completed.

If Auto Draft feature is not selected, add .50% to the above rates.

Special terms and conditions may apply.

Annual Percentage Rate calculations are based on a $25,000 loan.

** Balloon loans are loans which do not fully amortize over the term of repayment, leaving a balance due at maturity.