Credit Score - 751 and Above
Limit
$5,000-$24,999
$25,000-$49,999
$50,000 and Above
Interest Rate 5 80.01% - 90% LTV
5.75%
5.50%
5.25%
Interest Rate5 80% and Less LTV
5.25%
5.00%
4.75%
APR
80.01% - 90% LTV
5.75%
5.50%
5.25%
APR
80% and Less LTV
5.25%
5.00%
4.75%
Limit
$5,000-$24,999
$25,000-$49,999
$50,000 and Above
Interest Rate 5 80.01% - 90% LTV
6.50%
6.25%
6.00%
Interest Rate5 80% and Less LTV
6.00%
5.75%
5.50%
APR
80.01% - 90% LTV
6.50%
6.25%
6.00%
APR
80% and Less LTV
6.00%
5.75%
5.50%
Limit
$5,000-$24,999
$25,000-$49,999
$50,000 and Above
Interest Rate 5 80.01% - 90% LTV
7.50%
7.25%
7.00%
Interest Rate5 80% and Less LTV
7.00%
6.75%
6.50%
APR
80.01% - 90% LTV
7.50%
7.25%
7.00%
APR
80% and Less LTV
7.00%
6.75%
6.50%
Single Family Primary Residence/Owner Occupied Only
Loan Origination Fee
$0
Prepayment Penalty 1st 3 Years
$400
Annual Fee - Assessed on anniversary date (waived the first year)
$75
Addition to rate without auto deduct from Wayne Savings checking
Loan Term
25 years (Draw period of 10 years; repayment period of 15 years).
Minimum line amount
$5,000
Title insurance required and paid by customer if over $250,000 unless previous title policy provided
$250,000
Full appraisal required and paid by customer with loan amounts over
$250,000
Customer can request a full interior/exterior appraisal but will be charged $450 at closing
Manufactured housing must meet criteria
*Must be converted to real estate on auditors card
*Manufactured date of 2000 or newer
*Must be on permanent foundation
Investment property
Not Eligible