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Mortgage Loan Rates (First Lien)

Mortgage Application Packet

RATES EFFECTIVE AS OF May 23, 2017

Rates are subject to change at any time and without notice due to frequent changes in the mortgage market.  Please call 215-396-8585 for the most current rate information.  All loans are subject to credit approval.  Rates listed are for single family, owner-occupied dwellings with a loan-to-value (LTV) of 80% or less.  LTVs greater than 80% require Private Mortgage Insurance (PMI). 


Secondary Market Fixed Rate Mortgage Loans (up to $424,100)

Term Points Interest Rate APR

Monthly Payment
Per $1000

15 Yr 0 3.750% 3.820% $7.27
20 Yr 0 4.125% 4.160% $6.13
30 Yr 0 4.375% 4.400% $4.99


Monthly payments do not include taxes or insurance premiums.  Actual payment will be higher.  Lower rates available with points.  Please contact us for more information.


Portfolio Fixed Rate Mortgage Loans (up to $750,000)

Term Points Interest Rate

Annual
Percentage

Rate

Monthly Payment
Per $1000

10 Yr 0 2.950% 3.050% $9.63
15 Yr 0 3.750% 3.820% $7.27
20 Yr 0 4.375% 4.440%

$6.26

Lowest available rates.  Rate you receive may be higher, based on credit score, mortgage LTV, debt-to-income ratios and other loan factors.


Monthly payments do not include taxes or insurance premiums.  Actual payment will be higher.  Lower rates available with points.  Please contact us for more information. 


ADJUSTABLE RATE MORTGAGE (ARM) LOANS

This is a variable rate loan product.  Rate will adjust annually at the end of the fixed rate period.  Rate, APR and payment may increase after consummation.  Rate floor on the following adjustable rate mortgages is the lower of the initial rate or 3.125%.  Index for all will be based on the weekly average yield on U.S. Treasury Securities adjusted to a constant maturity of one year.  Margin is 2.875%.

ARM Type Term Points Interest Rate

Annual Percentage
Rate

Rate Caps
Annually/Life

Initial Monthly
Payment Per $1000 During Fixed Period

1 Year ARM  30 Yr  3 1.500% 3.140% 2/7 $3.45
3/1 ARM (3 year fixed period) 30 Yr 0 2.875% 3.020% 2/6 $4.15
5/1 ARM (5 year fixed period) 30 Yr 0 3.125% 3.150% 2/6 $4.28
7/1 ARM (7 year fixed period) 30 Yr 0 4.125% 3.780% 2/6 $4.85

Lowest available rates.  Rate you receive my be higher, based on credit score, mortgage LTV, debt-to-income ratios and other loan factors.


Monthly payments do not include taxes or insurance premiums; actual payment will be higher. 

ARM Payment Example: Based on $100,000, 5/1 adjustable rate mortgage @ 3.125% for 30 years.  Floor of 3.125%: 359 monthly payments of $428.38; 1 monthly payment of $425.69.

Other Loan Programs Available 

William Penn Bank also offers other loan programs including investor loans (1-4 family residential), jumbo loans (loan amounts exceeding $750,000), commercial loans, construction and construction/permanent loans and rehabilitation loans, and loans for first-time homebuyers.

For available rates and terms on all other loan programs, please contact our loan department directly at 215-396-8585.

 

 

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