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New!
With online banking you can check your loan balances 24 hours a day, 365 days a year.

Fixed Rate Mortgages*
Fixed rate mortgages are loans that have a fixed interest rate over the life of the loan. With these loans, your monthly payment for interest and principal never changes and the amount you pay for items such as property taxes and insurance may change from year to year. If you want predictable payments over the life of your loan, the fixed rate mortgage may be the best option for you.
Loans available up to 95% LTV. PMI required when LTV exceeds 80% LTV.

Rate APR**
30 Year Fixed - up to 95% LTV 6.125% 6.184%
30 Year Fixed Construction to 95% LTV 6.125% 6.482%
15 Year Fixed to 95% LTV 5.750% 5.843%
15 Year Fixed, 90% LTV, No MI 6.000% 6.256%
15 Year Fixed Construction to 95% LTV 5.750% 6.327%

Adjustable Rate Mortgages (ARM)*
Adjustable rate mortgages typically start at a lower interest rate (and lower payments) but interest rates and payments fluctuate depending on market interest rates. An ARM is adjusted on a regular basis. Increases are usually capped for each adjustment period and for the life of the loan.
Loans available up to 95% LTV. PMI required when LTV exceeds 80% LTV.

Rate APR**
3/1 30 Year ARM 5.375% 7.670%
3/1 15 Year ARM 5.250% 7.189%
3/3 30 Year ARM 5.625% 7.416%
3/3 15 Year ARM 5.500% 7.042%
5/1 30 Year ARM 5.750% 7.507%
5/1 15 Year ARM 5.625% 6.859%
3/1 15 Year ARM "No MI"*** 5.625% 7.486%
3/3 15 Year ARM "No MI" 5.750% 7.294%
5/1 15 Year ARM "No MI" 5.875% 7.158%

Investment Loans
An investment property loan finances real estate that generates income, such as an apartment building or a rental house.

Non-owner occupied, one to four family residential real estate: add 1 percent (1.00%) to the above rates. Loans available up to 90% LTV. PMI required when LTV exceeds 80%.

Home Equity Loans and Home Equity Lines of Credit
A home equity loan uses the equity in your home as collateral. Home equity loans may offer significant tax savings due to the fact that interest paid on this type of loan may be tax-deductible. These loans are often used to consolidate debt or pay for large expenses such as college or a wedding.
A home equity line of credit (HELOC) is an open-ended loan, secured by the equity in your home. Interest paid on a HELOC may be tax deductible. These loans are often used to consolidate debt or pay for large expenses such as automobiles or vacations.

Fixed APR** Variable APR**
Equity Loan, LTV 80% or less 8.250% 8.364% 7.250% 7.347%
Equity Loan, LTV 80.01% to 85% 8.750% 8.872% 7.750% 7.855%
Equity Loan, LTV 85.01% to 90% 9.250% 9.382% 8.250% 8.364%
Line of Credit Variable Rate, LTV 80% or less 7.250% 7.250%
Line of Credit Variable Rate, LTV 80.01% to 85.00% 7.750% 7.750%
Line of Credit Variable Rate, LTV 85.01% to 90.00% 8.250% 8.250%

Commerical and Multifamily Real Estate Loans
1 - 10 Year Fixed Rate Mortgages (Amortizing, Interest only, and Ballon)
1, 3, 5, and 7 Year Indexed Adjustable Rate Mortgages
Wall Street Journal Prime Indexed Mortgages (Amortizing, Interest Only, and Balloon)
Loans available up to 80% LTV

Commercial Non Real Estate Loans
Working Capital
Purchase or Refinance - Equipment and/or Inventory
Term Loans
Interest Only

Jumbo loans available up to $750,000.

*Loans available up to 95% LTV. PMI required when LTV exceeds 80%. Escrow for real estate taxes required for loans exceding 80% LTV.
**Annual Percentage Rate (APR) calculation is based on an 80% LTV $175,000 loan amount for 15/30 years on owner occupied 1-4 family property. ARM rate caps of 2% and 5%.
***Maximum LTV 90% with a 1 point origination fee paid on application. Annual Percentage Rate (APR) calculation is based on a $175,000 loan amount for 15 years on owner occupied 1-4 family property. ARM rate caps of 2% and 5%.


North Akron Savings Bank
Call (330) 434-9137 and ask for the location nearest you:
Akron | Cuyahoga Falls | Munroe Falls | Norton | Stow-Kent