- Loans available for up to 97% of the value of the home to qualified buyers*
- Terms available up to 30 years
- Interest rates can be locked in for 45 days with the ability to buy down
- No unnecessary fees, no discount points, just a simple 1.00% origination fee and standard out-of-pocket closing costs
- Additional FNMA fees or price adjustments may apply
- Payments can be made in person at either branch office, by mail, or by automatic deduction from a Roxboro Savings Bank checking or savings account**
- Certain fixed rate loans may require escrow deposits for taxes and insurance
*Certain restrictions apply, like Private Mortgage Insurance (PMI)
**Automatic deductions can also be made from accounts at other financial institutions
- Initial fixed rate periods available for 3, 5, or 7 years on a 30-year loan
- After that, rates subject to change annually on the anniversary date, and can go up or down
- Annual and lifetime interest rate caps, minimizing the amount a rate may go up or down
- Rates based on the One Year Treasury Security Index plus a margin of 2.25% to 2.75% depending on program
- Initial Interest Rates subject to change at any time
- Loans available for up to 97% of the value of the home to qualified buyers*
- No unnecessary fees, just a simple 1.00% origination fee and standard out-of-pocket closing costs
- Payments can be made in person at either branch office, by mail, or by automatic deduction from a Roxboro Savings Bank checking or savings account**
- Escrow deposits for taxes and insurance not available
*Certain restrictions apply, like Private Mortgage Insurance (PMI)
**Automatic deductions can also be made from accounts at other financial institutions
To learn more from a home lending specialist, please connect with us at a branch, 1(866) 601-6070, or contactus@roxborosavings.com
