Loan Rates

Rates as of  04/17/2014

Mortgages

 Fixed Monthly
TermPointsMinimum DownInterest RateAPR Payment per $1,000
30 Year Fixed Monthly

0.00%

5%

4.500%

4.519%

 $5.07
20 Year Fixed Monthly 0.00% 5% 4.125%

4.150%

$6.17
15 Year Fixed Monthly 0.00% 5% 3.500% 3.532% $7.20
 1 Year Adjustable* (Adjusts every year)
TermPointsMinimum DownInterest RateAPR Payment per $1,000

 30 Year

0.00% 5% 4.000%

4.015%

$ 4.42
 3/1 ARM* (Fixed for 3 years, then 1 year adjustable)
TermPointsMinimum DownInterest RateAPRPayment per $1,000

 30 Year

0.00% 5% 3.375% 3.951% $ 4.42
 5/1 ARM* (Fixed for 5 years, then 1 year adjustable)
TermPointsMinimum DownInterest RateAPR

 Payment per $1,000

 30 Year 0.00% 5% 3.250% 3.022% $ 4.38
 7/1 ARM* (Fixed for 7 years, then 1 year adjustable)
TermPointsMinimum DownInterest RateAPR Payment per $1,000
 30 Year 0.00% 5% 3.500% 3.182% $ 4.52

APR= Annual Percentage Rate.  . The displayed APR for the loan  products shown reflects the interest rate and approximate cost of prepaid finance charges but does not include other closing costs or discount points. The approximate cost of prepaid finance charges does not constitute and is not a substitute for the Good Faith Estimate of Closing Costs (GFE) that you will receive once you apply for a loan. 

ARM= Adjustable Rate Mortgage. 

*2.00% cap at each rate change plus 5.00% cap over the life of the loan.  Adjustment payment is first payment after rate change. Index is the one year U.S. Treasury yields adjusted to a constant maturity of one year. Payment terms are based  up to 30 years. Adjustable Rate Mortgage rates may change. Mortgage payments do not include taxes and insurance. Actual payment maybe higher.

Conventional loans with a down payment less than 20% require mortgage insurance which could increase the monthly payment and APR.  Mortgage interest rates shown are based on a 60-day lock. Loan pricing can only be locked through a loan originator.  The mortgage rates are based upon a variety of assumptions and conditions, including a consumer credit score which may be higher or lower than your individual credit score. Your loan's interest rate will depend upon the specific characteristics of your loan transaction and your credit profile up to the time of closing.

All rates/yields are subject to change at any time without prior notice. Malvern Federal Savings Bank reserves this right.

Additional Loan/Line Products

 Auto Loans
TypeTerm or MonthsMinimum AmountAPR  with auto payMonthly Payment per $1,000 borrowed
New Auto 12 -60 $10,000 Rates starting at 3.49% $ 18.19
Previously Owned  (06-12) 12-60 $10,000 Rates starting at 4.24% $ 18.52
 Personal Loans + Lines of Credit
TypeTerm MonthsMinimum AmountAPR  with auto payMonthly Payment per $1,000 borrowed
Pledged Secured* 60 $2,000 1.5% over CD Rate* $ 19.21
Unsecured 36 $2,000 11.49% $ 32.96
Unsecured 60 $2,500 11.74% $ 22.11
Rate Saver Line of Credit Revolving $2,000 WSJ Prime + 5.00%  
Consolidation Loan   60   $10,000 7.49%  $20.03 

*Minimum rates 5.00% for 36 month term. Payment assumes rate of 5.75% for 60 month term.

All rates/yields are subject to change at any time without prior notice.  Malvern Federal Savings Bank reserves this right.  All deposits are FDIC insured.  APR= Annual Percentage Rate.  Rates require automatic payment from a qualified Malvern Federal checking account.  Rates are 0.25% higher without automatic payment.  The Rate Saver Line of Credit from Malvern Federal is a revolving line and requires principal payment of 1.00% of the outstanding balance plus interest monthly.  Maximum rate for Rate Saver Line of Credit is 18%.  Rate is based on Wall Street Journal (WSJ) Prime Rate + 5.00% and will change when WSJ Prime Rate changes.  Rate Saver discount is 1.00%. Consolidation loan not avilabe to consolidate mortgage or home equity payments. A consolidation loan is not a home equity loan.

Overdraft Line of Credit
TermMinimum  AmountAPR
Revolving $500 7.25%


All rates/yields are subject to change at any time without prior notice.  APR= Annual Percentage Rate.

 

 Swing/Bridge Loan
TypeMinimum AmountAPR
12 Month Term 15 Days Interest 4.25% (Prime plus 1%)

 

Home Equity Loans and Lines of Credit

Equity Plus II Line of Credit
TermMin. AmountAPRAPR with Auto Pay
Revolving $10,000 4.25% (Prime + 1.00%) 3.25% (Prime)
Special Intro rate for 6 billing cycles* $10,000    Special 1.95%
Installment Loan - First Lien Position
TermAPR with Auto payMonthly Payment per $1,000 borrowed
 60 months 3.49% $ 18.19
 120 months 4.74% $ 10.48
Installment Loan - Second Lien Position
TermAPR with Auto payMonthly Payment per $1,000 borrowed
 60 months 3.74% $ 18.30
 120 months 4.74% $ 10.48
180 months 4.99% $ 7.90

APR= Annual Percentage Rate.

All rates/yields are subject to change at any time without prior notice.  

Auto pay must be from a qualified Malvern Federal Checking account.  Rate is 0.25% higher without automatic payment. Home Equity Lines of Credit rate may change when Wall Street Journal Prime Rate changes.  Maximum interest on Line of Credit is 18%.  The Home Equity Line of Credit term is a revolving 180 month term.  Introductory rate is for 6 billing cycles and is for new Home Equity Line of Credit customers only and requires auto pay.  Termination fee of $350.00 applies for Equity Plus II Line of Credit if closed within thirty six (36) months of origination.

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