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Loan Rates

 

Fixed Rate Home Equity Loans

 TermInterest RateAPR** Monthly Payment
Per $1,000 borrowed
5-Year* 2.99% 2.99% $17.96
7-Year 3.99% 3.99% $13.66
10-Year 4.49% 4.49% $10.35
15-Year 5.25% 5.25% $8.03
20-Year 5.75% 5.75% $7.02
Fixed-rate, closed-end loan secured by primary residence. Property insurance required. Rates are for qualified applicants and offer subject to credit approval. Rates are contingent upon automatic payments made from a Mid Penn Bank checking account. Add 0.20% to rate if borrower does not elect to have payments automatically deducted from a Mid Penn Bank checking account. Maximum loan-to-value = 80%. Maximum debt-to-income = 40%. All rates effective as of 01/09/2013 and are subject to change without notice. 
*2.99% APR based on five-year (60 month) term. No fees charged at closing. Rate is effective as of 01/09/2013 and is subject to change without notice.

**Annual Percentage Rate
 
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Home Equity Lines of Credit (10 Year Draw Period)

 Interest RateAPR* Annual Fee
Variable = WSJ Prime
Floor Rate = 3.79%
Maximum Rate = 21.0%

3.79%

NONE
Primary residences only. Property insurance required. Rates are for qualified applicants and offer subject to credit approval. Rates are contingent upon automatic payment from a Mid Penn Bank Checking account. Add .20% to the Prime and .20% the Floor rate if the borrower does not elect to have payments automatically deducted from a Mid Penn Bank checking account. Maximum loan-to-value = 80%. Maximum debt-to-income = 40%. Maximum APR 21.0%. All rates effective as of 05/11/2012 and are subject to change without notice.  (Payment Example:  $20,000 borrowed at 3.79% APR for 10 years would require a monthly payment of $63.17, which is an interest only payment.)  Modifications or increases to existing lines are subject to a $50 processing fee.

*Annual Percentage Rate

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