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

Terms	Down payment equity	Rate**	APR*
15 Year	5%	2.625%	2.717%
20 Year	5%	2.875%	2.968%
30 Year	5%	3.000%	3.080%

Rates Effective July 20, 2020

* 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 $4.22 per $1,000 borrowed at 3.000% Interest Rate with a corresponding 3.080% 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)

Request Info

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%	2.750%	0	2.804%

Rates Effective October 20, 2020

* 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 $4.08 per $1,000 borrowed at 2.750% interest rate with a corresponding 2.804% 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