Home Loans

Notice
Rate is subject to change. Other terms and conditions may apply. The annual percentage rate (APR) will be based upon your credit qualifications, loan-to-value, and repayment terms. The initial payment on a 30 year $100,000 3/1 Adjustable Rate Loan at a rate of 6.750% and 80% loan-to-value (LTV) is $648.78 with 0.00 points due at closing. After the initial 3 years, the interest rate can change annually and is subject to an initial interest rate cap of 1.00%, and annual rate cap of 1.00% and a lifetime cap of 11.750%. Payment amount shown does not include taxes and insurance premiums. At the first adjustment, the interest rate cannot increase above 7.750% or decrease below 3.00% (the floor). If the interest rate reached the lifetime maximum cap of 11.750%, your payment would be $1009.68. Actual payment amounts will vary annually after the third year based on the weekly average yield on United States Treasury securities adjusted to a constant maturity of one year (1 Year Treasury Index) plus our margin, rounded to the nearest 0.125% as made available by the Federal Reserve Board.

Notice
All programs subject to purchase price, income & credit requirements. Other eligibility requirements may apply. Terms and availability subject to program guidelines.

Woodlands Bank is not affiliated with the Pennsylvania Housing Finance Agency.

Notice
Rate is subject to change. Other terms and conditions may apply. The annual percentage rate (APR) will be based upon your credit qualifications, loan-to-value, and repayment terms. The initial payment on a 30 year $100,000 3/1 Adjustable Rate Loan at a rate of 6.750% and 80% loan-to-value (LTV) is $648.78 with 0.00 points due at closing. After the initial 3 years, the interest rate can change annually and is subject to an initial interest rate cap of 1.00%, and annual rate cap of 1.00% and a lifetime cap of 11.750%. Payment amount shown does not include taxes and insurance premiums. At the first adjustment, the interest rate cannot increase above 7.750% or decrease below 3.00% (the floor). If the interest rate reached the lifetime maximum cap of 11.750%, your payment would be $1009.68. Actual payment amounts will vary annually after the third year based on the weekly average yield on United States Treasury securities adjusted to a constant maturity of one year (1 Year Treasury Index) plus our margin, rounded to the nearest 0.125% as made available by the Federal Reserve Board.

¹Total estimated costs will vary based on individual loan, ranging $0-$550, with the only closing item being an appraisal; if needed.

Rate is fixed for the entire term of the loan. On a 3-year fixed rate loan, the loan payments would be due each month for 36 months. Rate stated is subject to the borrower meeting minimum credit score and loan-to-value (LTV) requirements.Total estimated costs will vary based on individual loan, ranging $0-$550, with the only closing item being an appraisal; if needed. Home owner insurance required. Flood insurance may be required. The annual percentage rate (APR) and monthly payment amount provided in the example, is calculated assuming a 20% down payment. Monthly payment amounts do not include amounts for taxes and insurance premiums, which will cause the actual monthly payment obligation to be greater if an escrow account is established. Fees and charges that are not finance charges will apply. Automatic payment from Woodlands Bank deposit account required for promotional rate, without automatic payment, rate would increase by 0.50%. $15,000 minimum new loan funds required for promotional rate, if new loan funds are less than $15,000, rate would increase by 0.50%. Monthly payment example: $15,000 loan amount, interest 5.75% (5.765% APR) fixed for 36 months, resulting principal and interest payment amount $454.69. Monthly Payment does not include taxes and insurance.

Additional Terms for Home Equity Master Lines of credit

Rates may change at any time prior to locking in a fixed rate. Other terms and conditions may apply. The annual percentage rate and maximum loan amount will be based upon your credit qualifications, loan-to-value ratio, and repayment term. The variable APR may adjust daily based on Wall Street Prime. Maximum APR 15.00%. Total estimated costs will vary based on individual loan, ranging $0-$550, with the only closing item being an appraisal, if needed. $15,000.00 minimum new loan funds required. Homeowner’s insurance required. Flood insurance may be required. Automatic payment from Woodlands Bank deposit account required for promotional rate, without automatic payment rate would increase by 0.25%. A balloon payment will result if there is a balance remaining at maturity and only the minimum monthly payments are made. At maturity the borrower will be required to repay the entire outstanding loan account balance in a single payment or may choose to refinance the line of credit.

** Lock-In Fixed Rate Term Option: Once locked, rate is fixed for the entire agreed upon term of the locked-in portion of the loan. The APR that applies to the locked-in balance shall be Home Equity Master Line of Credit locked rate established at the time of the conversion. Lock Number and Fees: The maximum number of locks during a draw period of the Home Equity Master Line of Credit is five (5). Only one (1) lock can be extended during the first 12 months. The customer must provide a written request to lock in a term and rate, in order for the bank to confirm and track the lock. The first lock is free. Each subsequent lock (with a maximum of four (4) additional locks) will incur a fee of $100 per lock. Wall Street Prime is currently 6.75%. Equal Housing Lender. Member FDIC.

Additional Terms for Home Equity Master Lines of credit

Rates may change at any time prior to locking in a fixed rate. Other terms and conditions may apply. The annual percentage rate and maximum loan amount will be based upon your credit qualifications, loan-to-value ratio, and repayment term. The variable APR may adjust daily based on Wall Street Prime. Maximum APR 15.00%. Total estimated costs will vary based on individual loan, ranging $0-$550, with the only closing item being an appraisal, if needed. $15,000.00 minimum new loan funds required. Homeowner’s insurance required. Flood insurance may be required. Automatic payment from Woodlands Bank deposit account required for promotional rate, without automatic payment rate would increase by 0.25%. An early termination fee of $200.00 will be charged if line of credit is closed within the first 36 months of opening. A balloon payment will result if there is a balance remaining at maturity and only the minimum monthly payments are made. At maturity the borrower will be required to repay the entire outstanding loan account balance in a single payment or may choose to refinance the line of credit.

** Lock-In Fixed Rate Term Option: Once locked, rate is fixed for the entire agreed upon term of the locked-in portion of the loan. The APR that applies to the locked-in balance shall be Home Equity Master Line of Credit locked rate established at the time of the conversion. Lock Number and Fees: The maximum number of locks during a draw period of the Home Equity Master Line of Credit is five (5). Only one (1) lock can be extended during the first 12 months. The customer must provide a written request to lock in a term and rate, in order for the bank to confirm and track the lock. The first lock is free. Each subsequent lock (with a maximum of four (4) additional locks) will incur a fee of $100 per lock. Wall Street Prime is currently 6.75%. Equal Housing Lender. Member FDIC.