Top

Loan Rates

Home » Accounts » Loan Accounts » Loan Rates

The Coatesville Savings Bank has available at the borrower’s request, copies of the loan underwriting policy to which the Savings Bank adheres.

The Savings Bank will consider applications for 10-year, 15-year and 30-year conventional mortgage loans on owner-occupied, residential properties in Chester, Lancaster and adjacent counties in Pennsylvania. The Bank’s lending limit equals $2,004,648.00 to one borrower. Non-owner occupied properties will be considered. Please call for further information.

All rates are effective 9/26/2011 and are subject to change.

CONVENTIONAL:

Terms	Interest Rate	APR*	Points	Sample Payment
10 Years - 90% + PMI**	3.750%	3.935%	0.00%	$1,000.61
15 Years - 90% + PMI**	4.000%	4.189%	0.00%	$739.68
30 Years - 90% + PMI**	4.500%	4.724%	0.00%	$506.68

*Payments do not include amounts for taxes and insurance premiums, if applicable, and that the actual payment well be greater.

Application Fees:	$360.00 - Refinance and Purchase
	$360.00 - Construction with no draws + $90.00 Final Inspection
	$360.00 - Construction with draws + 500.00 Inspection Fees

First Time Buyers:	1% service fee reduction or ¼ % rate reduction;30-year conventional term with automatic payment from a CSB checking account.

HOME EQUITY LOANS:

The Savings Bank will consider Home Equity Loans on single-family residential properties. The maximum limit is $100,000. Applications for greater amounts are subject to Board approval.

Terms	Interest Rate	APR*	Sample Payment

5 Years **	4.500%	4.612%	$1,864.30
10 Years **	5.000%	5.060%	$1,060.65
15 Years **	5.500%	5.543%	$817.08

CERTAIN CONDITIONS DO APPLY. PLEASE CONTACT YOUR LOCAL BRANCH FOR MORE DETAILS. **APR and sample payment assume a $100,000. loan amount and no odd days interest. **APR and sample payment assume a $100,000. loan amount with 10% down, PMI, 0 points and no odd days interest. Other rates are available. Contact your nearest Branch Office for details.

*Payments do not include amounts for taxes and insurance premiums, if applicable, and that the actual payment will be greater.

HOME EQUITY LINE OF CREDIT-PRIME-ARM

Maximum amount borrowed - $100,000 Applications for greater amounts are subject to Board approval
Customer will need to cover cost of checks for advances on line of credit
Check fees $7.25
Variable interest rate based on the prime rate with a floor of 5.00%
Re-adjusts every month end - Current APR - 3.25% - Maximum APR that may be imposed is 18%
Contact us for more information on term agreement
Property insurance is required
Interest paid may be tax deductible – consult your tax advisor

SHARE SECURED LOANS:

Up to 90% of a certificate of deposit held with the bank
Interest rate will be 2% above the interest rate of the certificate.
Terms vary
Contact us for more information

PERSONAL LOANS:

Terms	Interest Rate	APR*	Sample Payment

1 Year **	11.500%	11.500%	$886.15
2 Years **	11.750%	11.750%	$469.57
3 Years **	11.990%	11.990%	$332.10

Fixed Rates
Loans up to $10,000.00

**APR and sample payment assume a $10,000. loan amount and no odd days interest.

Ask our Loan Department for more information on rates, terms & fees

The Coatesville Savings Bank has a policy of non-discrimination in lending on the basis of race, color, national origin, religion, sex, marital status, familial status, handicap status, age, the receipt of public assistance, the borrower's good-faith exercise of rights under the consumer Credit Protection Act. The Federal Agency that administers compliance with this law concerning this creditor is:

FDIC 350 Fifth Ave, Suite 1200 New York, NY 10118

Rates are subject to change without notice

Effective Date - September 26, 2011

*APR = Annual Percentage Rate

*Subject to Credit Approval

Questions? Contact Us!