Loan Rates
HOME LOAN RATES
Current Home Mortgage Rates Effective as of January 20, 2020.
All rates subject to change without notice. All requests are subject to credit approval and underwriting guidelines. APR = Annual Percentage Rate.
| Mortgage Type | Interest Rate | Points | APR* |
|---|---|---|---|
| Payment terms below are calculated using a $100,000 principal balance, a 20-year amortization, the down payment as referenced below, and typical closing fees (a $170.00 loan administration fee $11.00 flood determination fee and a $105 appraisal management fee), and should be used for Annual Percentage Rate (APR) only. Payments displayed do not include amounts for tax and insurance premiums. If escrow is required, the actual payment obligation will be greater. | |||
| 5-Year Balloon | 4.940% | 0 | 5.009% |
| 20-Year Amortization | 60 monthly pmts. of $656.65 (plus a final balloon payment of ($83,708.32) | ||
| Above payment terms based on a 20% down payment. Rate may vary with amount of down payment. Loans with less than 20% down payment may require mortgage insurance and may change the APR. | |||
| 5-Year Balloon | 4.640% | 0 | 4.709% |
| 20-Year Amortization | 60 monthly pmts. of $640.23 (plus a final balloon payment of ($83,234.24) | ||
| Above payment terms based on a 50% down payment. Rate may vary with amount of down payment. | |||
Long-Term Fixed Rates are also available. These rates change daily. Please call for information.
| Construction Loan | Interest Rate | Points | APR |
|---|---|---|---|
| 2.99% | 0 | 4.396%* |
*APR (Annual Percentage Rate) is based on a 20% down payment, $150,000 loan amount, five monthly interest payments of $249.38 plus a final balloon payment of $150,249.38 and typical closing fees (a $400 loan administration fee $11.00 flood determination fee and a $105 Appraisal Fee). Interest payments are based on the total loan amount being disbursed. An appraisal, title insurance and property insurance are required. All requests are subject to credit approval and underwriting guidelines. This rate is restricted to new home construction and remodeling for qualified borrowers. Some restrictions may apply. Payment does not include amounts for taxes and insurance premiums. Escrow not required on construction loans.
| Home Equity Line of Credit | Interest Rate | Points | APR |
|---|---|---|---|
| Variable Rate | 4.75% | 0 | 4.75% |
*The 5.00% APR (Annual Percentage Rate) is available for new Jackson County Bank home equity lines of credit of $5,000 or more. The fully indexed rate is Wall Street Journal Prime (4.75% as of 10/31/2019). The APR may vary, not to exceed 18%. Property insurance is required. Fees to open a line will generally range between $100 and $500. Subject to credit approval and property evaluation. Offer is good for a limited time and is subject to change.
AUTO LOAN RATES
Current Auto Loan Rates Effective as of January 1, 2020
| Vehicle Year | Term | Interest Rate | APR* | Payment* |
|---|---|---|---|---|
| 2020 & Newer | 72 Months | 7.240% | 7.421% | 71 @ $172.52 1 @ $172.33 |
| 2017 & Newer (Maximum term of 48 mos. for a 2017 vehicle) | 36 Months | 6.060% | 6.397% | 35 @ $306.02 1 @ $306.15 |
| 48 Months | 6.240% | 6.498% | 47 @ $237.14 1 @ $237.09 |
|
| 60 Months | 6.560% | 6.771% | 59 @ $196.93 1 @ $197.26 |
|
| 2014-2016 | 36 Months | 6.860% | 7.199% | 35 @ $309.68 1 @ $309.73 |
| 48 Months | 7.240% | 7.500% | 47 @ $241.79 1 @ $241.74 |
|
| 2011-2013 | 24 Months | 8.960% | 9.461% | 23 @ $458.96 1 @ $459.08 |
| 36 Months | 9.240% | 9.585% | 35 @ $320.73 1 @ $320.55 |
*APR is affected by $50.00 Loan Administration Fee. Loan Administration Fee is 2% of loan amount, but not more than $50.00. Payments are based on a loan in the amount of $10,000 with a $50 Loan Administration Fee and 80% Loan to Value.
For 2010 and Older Vehicles and Personal Loans, call our Personal Bankers for more information.
715-284-5341 Ext. 1303, 1304, 1340, 1302
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