Home Mortgages

Home Mortgages

Whether it's your first home or the home of your dreams, we have your financing solution. Our experienced loan team will

help you find a program that fits your specific needs. We are here to help you with the process and want this to be

an enjoyable time in your life.

Chris Christinson

MLO NMLS #699986

641-236-7700

chris@patriotbankia.com

~Please be advised this is an unsecured

e-mail feature and privacy can not be ensured.

Patriot Bank fixed seconday market rates:

30-year FIXED RATES 2013
January 28, 2013	1% Origination Fee	No Origination Fee
Interest Rate	3.50%	3.625%
APR	3.648%	3.692%
$100,000 loan would result in 360 Monthly Payments of:	$449.04	$456.05

Due to various federal, state and local requirements, certain products may not be available in all areas. Other restrictions may apply.

The displayed annual percentage rates (APRs) include total points and additional prepaid finance charges but do not include other closing costs.

Rates are subject to change without notice and depend in part on your unique credit history and transaction characteristics. Learn more about assumptions and APR Information. Loan pricing may only be locked through a home mortgage consultant to be effective. Rates quoted are for loans greater than $100,000.00

Above rates are for owner-occupied purchase or rate-term refinances.

Additional Fees or higher rate may apply to cash-out refinance transactions.

Click Here: Real Estate Loan Application

Home Equity Line of Credit

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Fixed Rate Loans

The fixed-rate mortgage has long been the most popular home financing product. With an interest rate that never changes, it provides stable, predictable monthly payments throughout the life of the loan. Your monthly payments won't decrease if market rates go down, but you'll have the comfort of knowing you are protected if rates go up. If you plan to stay in your home for more than seven years, and prefer the security of stable payments to being at the mercy of the market, a fixed-rate mortgage may be the best option for you.

Adjustable-rate mortgage (ARM)

An adjustable-rate mortgage has a low starting rate, so your initial monthly payments on an ARM will be lower than on a fixed-rate loan for the same amount. And because the amount you can borrow is based partly on how much you can pay each month, your maximum loan amount will probably be higher with an ARM.

Balloon mortgage

A balloon mortgage has a lower rate and lower monthly payments than a fixed-rate mortgage. Like an ARM, a balloon loan can help you either save money each month or borrow more for your home purchase. Monthly payments on a balloon loan are fixed for a certain term. A final balloon payment for the entire remaining balance is due at the end of the term.

Mortgage Calculators

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