Personal Loan Rates

Our personal loan rates for any of your life events are competitive. Please contact us today to discuss your options or to get your loan started.

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The Rates are accurate as of Wednesday, January 19, 2022

 

Residential Mortgage Loans

Dwelling must be owner occupiedAPRPoints
Fixed Rate 15 years or less2.99%.25%*
Fixed Rate 20 years3.24%.25%*
One Year Adjustable Rate2.49%.25%*
*Refinance of existing 1ST SUMMIT BANK mortgage loan is .50% (points).
These "Relationship Rates" are based on the borrower having at least four services and $20,000 in loans and/or deposits with 1ST SUMMIT BANK. 

Contingent approval within 24 hours Monthly payments tailored to meet your needs We specialize in Home Construction Loans (Contractor or self-built) Competitive terms and rates available Escrow service available for paying your real estate taxes and/or homeowners insurance


Home Equity Term Loans (First Lien Mortgages)

Dwelling must be owner occupied.APR
5-10 Years2.99%
These Relationship Rates are based on the borrower having at least four services and $20,000 in loans and/or deposits with 1ST SUMMIT BANK.

Home Equity Term Loans (Second-Junior Lien Mortgages)

Dwelling must be owner occupied.APR
60 Months3.24%
120 Months3.49%
These Relationship Rates are based on the borrower having at least four services and $20,000 in loans and/or deposits with 1ST SUMMIT BANK.
Contingent approval within 24 hours and monthly payments tailored to meet your needs.

Home Equity Line of Credit

 APR
Home Equity Line of Credit3.50%(Prime+.25%)*
*Subject to credit approval. Other rates and terms are available.
A minimum loan of $10,000 with an automatic funds transfer (AFT) from a 1ST SUMMIT BANK checking account is required. Maximum loan-to-value ratio is 80%. 1ST SUMMIT BANK customers refinancing an existing home equity loan or line will need to increase the loan by $10,000 or more in new money. Property insurance required. A professional appraisal is required for property in a flood zone (SFHA). The appraisal fee will be at the property owners’ expense.
The Home Equity Line of Credit will be a variable rate based on Prime Rate as published in the Wall Street Journal (3.25% current as of March 16, 2020). The maximum Annual Percentage Rate is 18% and the minimum rate/floor is 2.50% APR.
Home Equity Lines of Credit are charged $25 maintenance fee annually.
Minimum loan of $10,000 is required. Maximum term of 120 months.
Subject to approval at the time of the Home Equity Loan or Line of Credit.
These "Relationship Rates" are based on the borrower having at least four services and $20,000 in loans and/or deposits with 1ST SUMMIT BANK. 

Custom Credit Line

 APR
Custom Credit Line4.75% (Federal Discount Rate+4.50%)*
*Subject to credit approval. Other rates and terms are available.
A minimum loan of $300 with an automatic funds transfer (AFT) from a 1ST SUMMIT BANK checking account is required. The Custom Credit Line will be a variable rate based on Federal Discount Rate as published by the Federal Reserve on July 19, 2021. The maximum Annual Percentage Rate is 18% and the minimum rate/floor is 7.00% APR.
Custom Credit Lines are charged a $20 maintenance fee annually.
Subject to approval at the time of the Custom Credit Line.
These "Relationship Rates" are based on the borrower having at least four services and $20,000 in loans and/or deposits with 1ST SUMMIT BANK. 

Auto Loans

 APR
New Auto-60 months3.24%
Used Auto-60 months (2016-2020 model year)4.24%

Fixed APR with monthly payments tailored to meet your needs. Plus, .25% discount may apply with automatic payments from a 1ST SUMMIT BANK checking account.


Non-Real Estate Loans (Secured or Unsecured)

 APR
36 Months or Less10.49%
37 to 60 Months10.99%
61 to 120 Months11.49%

Apply for a Loan

To Qualify for a relationship rate you must have four services and $20,000 combined in deposits and/or loans with 1ST SUMMIT BANK. Four services can be any of the following:

  • Loans (Each loan is one service.)
  • Deposits (Each account is one service.)
  • Trust Accounts (Each account is one service.)
  • Financial Advisors Accounts (Each account is one service.)
  • VISA® Credit Card
  • Credit Card Merchant
  • Safe Deposit Box (Counts as one service regardless of the number of boxes rented.)

All of the above rates are subject to change and are provided for informational purposes only. Rate is available with a minimum F.I.C.O. credit score of 700 to qualify. Rates and terms are subject to borrower qualifications. Other terms and rates are available. The term APR represents Annual Percentage Rate.

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