cfsbank - Charleroi Federal Savings
First Time Home Buyer First Front Door

Mortgage – Purchase and Refinance

Buying or refinancing? Check this out.

Mortgage:

  • Fixed interest rate
  • Loan terms up to 30 years
  • No pre-payment penalties
  • 5% down payment available with the purchase of PMI
  • 85% Loan-to-Value without PMI
Apply

 

Mortgage
Terms Down payment equity Rate** Points APR*
15 Year 5% 5.500% 0 5.654%
20 Year 5% 5.750% 0 5.875%
30 Year 5% 6.000% 0 6.096%
Rates Effective January 23, 2023

* Annual Percentage Rate
** Best rate available at cfsbank.

Above APR’s assume a $100,000 loan amount for term stated with maximum LTV of 85%. Monthly payment example: 360 monthly payments of $6.00 per $1,000 borrowed at 6.000% Interest Rate with a corresponding 6.096% APR.

  • Above payment example does not include the required payment for escrow (taxes, insurance, etc.).
  • Other interest rates available. Call your nearest cfsbank Office for details.

First Time Home Buyer Mortgage

Looking for your first home? We’re here to help.

  •  Interest rate will be discounted 0.250% from our current rates
  • 5% down payment available with the purchase of PMI
  • 85% Loan-to-Value without PMI
  • $250 lender credit for qualified borrower(s)
Apply

General Guidelines for Eligibility:

  • cfsbank has defined a first time home buyer as anyone who has not owned a home for the past three years from time of application.
  • The program is limited to the purchase of existing single family homes to be occupied and maintained as a primary residence.
Terms Down payment equity Rate** Points APR*
30 Years 5% 5.750% 0 5.843%
Rates Effective January 23, 2023

* Annual Percentage Rate
** Best rate available at cfsbank.

Above APR’s assume a $100,000 loan amount for term stated with maximum LTV of 85%. Monthly payment example: 360 monthly payments of $5.84 per $1,000 borrowed at 5.750% interest rate with a corresponding 5.843% APR.

  • Above payment example does not include the required payment for escrow (taxes, insurance, etc.).
  • Applicants may not have had an ownership interest in residential real estate within the past three years prior to their loan application date under this program.
  • Household income limitations apply.
  • Other rates and terms available.
  • Interest may be tax deductible. Please consult your tax advisor.

First Front Door

  • First Front Door is a homebuyer grant program available through the Federal Home Loan Bank of Pittsburgh (FHLB)
  • 3-1 matching grant – every $1 you contribute, First Front Door will provide $3
  • Grant assistance up to $5,000
  • First Front Door funds can be used for down payment or closing costs
  • The grant is forgiven if you remain in the home for 5 years
  • Available to first-time home buyers for a primary residence
  • Income at or below 80% of the area median income to qualify
  • First Front Door funds are available on a first-come, first-served basis
Visit FHLB for more information
Mortgage