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Consumer | Mortgage
RATES ACCURATE AS OF JUNE 26, 2015
Construction Rate
Special
Account Type Interest Rate Annual Percentage Rate (APR) Max Loan to Value LTV(%)
6 Month 2.75%* 4.984%* 80
6 month term        
$425.00 Underwriting Fee
$65.00 Tax Service Fee
$600.00 Draw Fee (based on 5 draws during construction term)
Add .25% without MCB deposit account
Based on a loan amount of $200,000.00 or greater and end loan financing with Mound City Bank.
All Rates disclosed reflect a Mound City Bank Deposit Relationship. Rates may increase if no deposit account is established.
 
Construction Rates Account Type Interest Rate Annual Percentage Rate (APR) Max Loan to Value LTV(%)
  6 month term

3.25%

5.548%(e)

80

  6 month term

4.25%

6.559%

81-85

Based on a loan commitment amount of less than $200,000.00

6 month term
$425.00 Underwriting Fee
$65.00 Tax Service Fee
$600.00 Draw Fee (based on 5 draws during construction term)
Add .25% without MCB deposit account
Based on a loan amount of less than $200,000.00
All Rates disclosed reflect a Mound City Bank Deposit Relationship. Rates may increase if no deposit account is established.
 
Total Line of Credit (TLC) Account Type Interest Rate Annual Percentage
Rate (APR)
*Variable Rate TOTAL LOAN TO VALUE 70.0% OR LESS (Wall Street Prime - Floating - minus .25%) 4.00% 4.00%  
*Variable Rate TOTAL LOAN TO VALUE 70.1% to 80.0% (Wall Street Prime - Floating - plus .0%) 4.00% 4.00%  
*Variable Rate TOTAL LOAN TO VALUE 80.1% to 85.0% (Wall Street Prime - Floating - pluss .50%) 4.00% 4.00%  
Floor 4.0% & Ceiling 18.0%
Auto Charge from Mound City Bank deposit account preferred, .25% added to the base rate with no auto charge
$25.00 Annual Fee beginning on the 1st anniversary of the note and each year thereafter
Lock in Option: A minimum amount of $5000 may be locked at the current rate +.50%. The maximum term for a fixed rate option is 5 years. The balance of the lock can be amortized over a 10 year term but the lock must balloon in 5 years or by the line of credit maturity date, whichever comes first. A $50 fee will be assessed with each lock balance executed.
Minimum monthly payment on unlocked portions is to be $50 or interest monthly whichever is greater.
 
Conventional - Owner Occupied Account Type Interest Rate Annual Percentage
Rate (APR)
  62 Mo. Balloon 4.54% 4.566%  
  84 Mo. Balloon 4.84% 4.875%  
Based on a loan amount of $250,000.00 and 30 year amortization
Underwriting Fee of $425.00
Tax Service Fee of $65.00
No points or origination fees
Up to 30 year amortization
Add .25% without MCB deposit account
Click here for other rates
 
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