Allied First Bank is a bank located in Oswego, Illinois that offers various deposit accounts, including savings accounts, money market accounts, interest and noninterest bearing checking accounts, and certificates of deposit and mortgage loans.  One- to four-family residential mortgages account for significant amount of the banks lending activities.  At the present time, the bank has several competitively priced mortgage loans to choose from.  Allied First Bank originates, underwrites, and processes all of the home loans in house.  Some of the mortgage loans offered by Allied First Bank include:

A 30 year fixed rate mortgage with an interest rate of 5.875%, no pints and a 5.910% APR.  With the help of the mortgage calculator, the monthly payment on a loan of $275,000.00 with these terms will be $1,626.73.

A 15 year fixed rate mortgage with an interest rate of 5.375%, no pints and a 5.433% APR.  The monthly payment on a loan of $275,000.00 with this rate will be $2,228.78.

A one year adjustable rate mortgage with an interest rate of 6.875%, which costs one point and has a 5.041% APR.  The monthly payment on a loan of $275,000.00 with this rate will be $1,806.55.

The monthly mortgage payments are based on a purchase home loan for $275,000.00 with a 20% down payment.  The interest rates, annual percentage rates and points shown are subject to change without notice.  Allied First Bank can be reached on their mortgage hotline at 800-272-3286.  Additional mortgage product and mortgage rate information can be found on th bank website which is located at www.alliedfirst.com.

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