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Rates

 
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MORTGAGE RATES

As of April 22, 2014

TYPE  RATE  APR*  PAYMENT
15 Year Fixed 3.375% 3.610% $1063.14
30 Year Fixed  4.375% 4.502% $748.93

 

The rates published on this page are applicable only to requests received from this site or by calling 541.618.3320.  Mortgage rates published on this page are the current rates for a single-family, primary residence based on a 30-day lock period and are subject to change without notice.  In order to receive a guaranteed rate, you must have applied for an application through People's Bank and receive a verbal confirmation from a loan officer that your desired rate is locked.

*Annual Percentage Rate (APR) based on a purchase price of $200,000 and a down payment of 25%.  Final loan amount of $150,000; 30 year fixed rate; 360 payments; Loan-to-Value ratio is less than or equal to 75%, Conventional financing; first deed of trust. Higher rates apply to higher Loan-to-Value. Offer subject to credit qualifications.  Property Insurance and Taxes required, however, not included in payment.  Rates subject to change.  Contact a Home Loan Officer for more information.

 

 

AUTO LOANS
 

TYPE RATE APR TERM LOAN FEE
New-4 yr. 6.50% 7.187% Up to 36 Mos. $100
New-4 yr. 6.50% 7.024% Up to 48 Mos. $100
New-4 yr. 6.50% 6.927% Up to 60 Mos $100
*New 6.75% 6.992% Up to 72 Mos. $100
5 yr. - 7yr 7.25% 7.779% 48 Months $100
8yr-Older 8.00% 8.532% 48 Months $100
  • Annual Percentage Rate (APR) assumes loan fee financed
  • APR based on $10,000 financed for appropriate term
  • *APR based on $15,001 financed for 72 months
  • New Vehicles-Maximum loan amount 90% of purchase price and not to exceed invoice amount
  • Used Vehicles- Maximum loan amount 100% of Kelly Blue Book Private Party value
  • ¼% discount for automatic payment from People's Bank account

72-MONTH TERM GUIDELINES 

New vehicles only
Minimum financed is $15,001
Minimum Down payment is 10% of purchase price




RECREATIONAL VEHICLE
 

TYPE RATE APR TERM LOAN FEE
New/Used 7.25% 7.468% Up to 60 Mos. $100
New/Used 7.625% 7.743% 61 to 120 Mos. $100
New 8.25% 8.287% 121 to 180 Mos $100
  • Annual Percentage Rate (APR) assumes loan fee financed
  • APR based on $20,000 financed for maximum term
  • New-Maximum loan amount 90% of purchase price and not to exceed invoice amount
  • Used- Maximum loan amount not to exceed Kelly Wholesale and minimum 10% down payment
  • 1/4% discount for automatic payment from People's Bank account

180-MONTH TERM GUIDELINES

New vehicles only
Minimum financed is $50,001
Minimum Down payment is 20% of purchased price




BOAT LOAN
 

TYPE RATE APR TERM LOAN FEE
New/Used 7.25% 7.679% Up to 60 Mos. $100
New/Used 7.625% 7.857% 61 to 120 Mos. $100
  • Annual Percentage Rate (APR) assumes loan fee financed
  • APR based on $10,000 financed for appropriate term
  • New Boats- Maximum loan amount 90% of purchase price and not to exceed invoice amount 
  • Used Boats- Maximum loan amount 100% of Kelly Wholesale, 10% down payment 
  • 1/4% discount for automatic payment from People's Bank account



PERSONAL LOAN
 

RATE APR TERM LOAN FEE
10.00% 11.361% 36 Mos. $100
10.00% 11.050% 48 Mos. $100
  • Annual Percentage Rate (APR) assumes loan fee financed
  • APR based on $5,000 financed for appropriate term
  • 1/4% discount for automatic payment from People's Bank account
  • Can be secured or unsecured
  • Loan fee of $100



PERSONAL LINE OF CREDIT
 

RATE Prime Rate + 5.00% ($1,000 - $3,000) Prime + 3.00% (over $3,000)
LIMIT $1,000 and over
TERM 5 years
ANNUAL FEE  $50
LOAN FEE $100
REPAYMENT  2% of Outstanding Balance - $50 Min.
RATE ADJUSTMENT

Rate adjusts monthly on 1st of each month,

maximum change per adjustment 1.0%

 

The Annual Percentage Rate (APR) will vary at Prime Rate as published in the Wall Street Journal.  As of February 24, 2010, the variable rate for lines of credit is Prime + 3.00% (6.41% APR, based on $25,000 loan amount).  Maximim cap rate is 18.00% APR. 

 

 

HOME EQUITY LOAN

LTV TERM RATE APR* PAYMENT
<= 80% 120 Months 6.50% 6.59% ** $284.99
<= 80% 180 Months 6.95% 7.01%*** $224.91

 

  • LTV based on County RMV/Appraised Value
  • Client Pays all third party fees
  • Loan fee of $100

*Annual Percentage Rate (APR).

** APR  based on $25,000 loan; fixed rate; 120 payments; 80% Loan-to-Value.  Rates subject to change.  Property Insurance and Taxes required, however, is not included in payment.  Contact us  for more information.

*** APR  based on $25,000 loan; fixed rate; 180 payments; 80% Loan-to-Value.  Rates subject to change.  Property Insurance and Taxes required, however, is not included in payment.  Contact us  for more information.


 

HOME EQUITY LINE OF CREDIT

  (OWNER OCCUPIED) 

LTV RATE MTG
<= 80% Prime Rate + .25%*  1st
<= 80% Prime Rate + .50%*  2nd
>= 80% Not Available  

 

TERM 10 years
ANNUAL FEE  $75
LOAN FEE $100
REPAYMENT 

Interest Only - $50 Min. (A balloon payment may result at maturity)

  • RMV = County "Real Market Value"
  • LTV based on RMV/Appraised Value
  • Client Pays all third party fees
  • Rate adjusts monthly on the 1st of each month
  • Max. Change per Adustment 1.0%

*The Annual Percentage Rate (APR) will vary at Prime Rate as published in the Wall Street Journal.  As of May 1, 2011, the variable rate for lines of credit is Prime + .25% to Prime + .50% (3.58% APR to 3.83% APR, based on $25,000 loan amount).  Minimum introductory floor rate is 6.00% APR  or Prime rate + .25% to .50% whichever is greater, maximim cap rate is 18.00% APR.  Rates vary by Loan-to-Value (LTV) and credit qualification.  No prepayment penalty. Property insurance is required.  Consult your tax advisor regarding the deductability of interest.  Offer subject to change without notice. Some restrictions may apply.