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First-Time Homebuyer Rates

No Closing Cost First-Time Homebuyer 

Rates as of February 18, 2020
 

Monthly Fixed Mortgage Interest Rates

Monthly Fixed Mortgage Interest Rates
TermInterest RatePointsAPR*Minimum Down
103.500%03.73%3%
103.375%13.82%3%
103.250%23.92%3%
103.125%34.01%3%
153.500%03.66%3%
153.375%13.68%3%
153.250%23.71%3%
153.125%33.73%3%
203.750%03.88%3%
203.625%13.87%3%
203.500%23.86%3%
203.375%33.85%3%
303.875%0
3.97%
3%
303.750%13.92%3%
303.625%23.88%3%
303.500%33.84%3%

Get a discount of 0.125% off the First-Time Homebuyer Mortgage interest rate with Auto Pay from a Capital Bank checking or savings account. 

 

Monthly Fixed Mortgage Loan Payment Examples (assume 0 points)

Monthly Fixed Mortgage Loan Payment Examples
Term (Years)Amount BorrowedMonthly Payment (not including Escrow or PMI)Total Loan & Interest
10$50,000$494.43$59,331.60
15$50,000$357.44$64,339.20
20$50,000$296.44$71,145.60
30$50,000$235.12$84,643.20

*APR = Annual Percentage Rate
The information provided assumes the purpose of the loan is to purchase a property, with a loan amount of $50,000 and an estimated property value of $62,500. Payments reflect the principle and interest only. The property is an existing single family home and will be used as a primary residence. These mortgage rates are based upon a variety of assumptions and conditions. Your loan's interest rate will depend upon the specific characteristics of your loan transaction. Contact the Real Estate Lending Department for details.

A first-time homebuyer is defined as an individual or family who has not owned a home during the three year period prior to purchase. Exceptions to the three-year period exist for any individual who is a displaced homemaker or a single parent or any individual that owns or owned as a principal residence during such three-year period, a dwelling unit whose structure is not permanently affixed to a permanent foundation in accordance with local or applicable regulations. Existing homes only (no construction mortgages).
 

  • Interest rates subject to change without notice
  • All loans subject to credit approval
  • Private Mortgage Insurance (PMI) is required for loans with less than 20% down

For more information please call us at (518) 430-2832 x 8002 or toll-free at (800) 836-3711 extension 8002 and ask to speak to a Mortgage Specialist.