All rates are subject to change at the Bank’s discretion based on current market conditions.
Owner Occupied Residential 1st Mortgage
Loans up to $500,000*
|Term||Down Payment||Rates and Points||APR Annual Percentage Rate**||Monthly Payment per $1000 borrowed|
|15 Years||20%||5.00% - No Points||5.30%||$7.91|
|15 Years||20%||4.75% - 1.0 Point||5.19%||$7.78|
|20 Years||20%||5.25% - No Points||5.49%||$6.74|
|30 Years||20%||5.50% - No Points||5.68%||$5.68|
|30 Years||20%||5.25% - 1.0 Point||5.51%||$5.52|
*Loans exceeding $500,000 will be at 0.25% higher than the above rates.
**APR’s are based on a $200,000 loan amount financing $4,000 in fees.
The Bank of Glen Burnie® fees include flood zone determination, tax service fee and attorney review. Taxes and other settlement charges may apply. Monthly payment example per $1,000 borrowed does not include taxes or insurance premiums, therefore actual payment amount will be higher. Rates and terms are applicable for Fixed Rate Owner Occupied First Mortgages. Rates are effective 6/17/22. All rates, fees and other information are subject to change without notice. Contact us for additional rates and terms available for Construction Residential Loans or any other loan products.