Phoenixville Federal Bank and Trust has been helping with consumers in Pennsylvania since 1911. The bank made its start as the Oaks Building & Loan Association and now offers a full range of consumer and business banking services under the Phoenixville name. The banks origin was a financial institution for consumers to obtain mortgages for the purchase of homes and the bank’s primary goal of promoting thrift and home ownership remains unchanged.
Phoenixville Federal Bank & Trust is operated as a mutually-owned financial institution and takes pride in its personal banking approach and treats its customers as individuals, not a number. The bank currently offer a full range of banking services, including deposits accounts, transaction account and loans. Phoenixville Federal Bank and Trust provides loans for residential mortgages, construction loans, home equity loans and lines of credit as well as automobile, RV and boat loans
The following mortgage rates are being offered by the bank and can be used with the easy to use online mortgage calculators to calculate monthly mortgage payments for purchases and refinances as well as home loan qualifications.
The 30 year fixed rate mortgage is 6.125% with 0.00% points and APR of 6.126% and after using these figures in the mortgage calculator the monthly mortgage payment on a $100,000 loan comes to 607.61 per month.
A 20 year fixed rate mortgage has a rate of 6.000% with 0.00% points, an APR of 6.001% and with the use of the mortgage calculator to generate a monthly payment on a $100,000 home loan, the payment would be $716.43.
A 15 year fixed rate mortgage has a rate of 5.500% with 0.00% points and an APR of 5.501%. The mortgage payment calculator results for this rate on a $100,000 home loan would be $817.08.
The bank one year adjustable rate mortgage with a 30 year term and 2% annual rate caps and a 5% lifetime rate cap has a rate of 5.625% with 0.00% points and an APR of 3.571%. With the assistance of the adjustable rate mortgage calculator, a $100,000 loan with the program would have monthly payment of $575.66.
The bank offers a 3/1 adjustable rate mortgage that has a rate of 5.875% with 0.00% points and an APR of 3.982%. Using the adjustable rate mortgage calculator for a $100,000 loan with this adjustable rate mortgage would yield monthly payment of $591.54.
Mortgage rates and fees are for single family owner occupied residences. The bank has an application deposit of $375, which includes appraisal, credit report and flood certification fees. Maximum loan to value is 95%. Mortgage rates and fees are subject to change daily and are based on the rate in effect the day the bank receives a completed application, along with payment of the application deposit. Additional conditions may apply.
Current mortgage rate information can be obtained by contacting the bank at 610-933-1000. The bank website located at www.phoenixfed.com maintains up to date information on bank rates, mortgage rates, other lending rates.
For current bank rates and CD rates see www.selectCDrates.com. For current car loan rate information visit www.selectautorates.com.
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