Line of Credit

** Prime Rate 3.25% **

Rates Effective As Of February 17, 2010

*** All LINE OF CREDIT PROGRAMS HAVE AN EARLY CLOSURE FEE OF $350.00 FOR THE FIRST TWO YEARS OF THE LOAN AS OF JANUARY 22, 2009

ALL PROGRAMS - $195.00 DOC PREP FEE AT CLOSING

Line of Credit Programs
$10,000 Min. to $250,000 Max.
Five year balloon term / $50.00 Annual Fee after first year
Max LTV - 65%

**SPECIAL (as of 01-24-2008)**

                             **5.75% Fixed for 1st 3 Years, adjust to .25% below Prime remaining term.

                                Min. Draw - $10,000.00 when Line is opened. MAX LTV 65%.  

Prime minus .25% (variable) - Conforming Loans only - Max LTV 65% - If AJ Smith 1st Mortgage Customer -  Max LTV 75% -$195.00 Doc Prep Fee at closing!


Prime plus 1.00% (variable) - Max LTV 65% - Nonconforming Loans- All Fees Apply!
Prime plus 2.00% (variable) - Max LTV 65% - Nonconforming Loans - All fees apply!

Tiered Line of Credit
Non-Conforming loans - Max LTV 65% - All fees apply!
Rate tiered: $10,000 - $24,999.99 Prime plus 2
$25,000 - $99,999.99 Prime plus 1
$100,000 - Over Prime

FDIC Transaction Account Guarantee Program

AJ Smith Federal Savings Bank is participating in the FDIC's Transaction Account Guarantee Program.  Under this program, through June 30, 2010, all non-interest-bearing transaction accounts and NOW accounts with an interest rate of 0.5% or less are fully guaranteed by the FDIC for the entire amount in the account.  Coverage under the Transaction Account Guarantee Program is in addition to and separate from the coverage available under the FDIC's general deposit insurance rules.

 

Home | Search | Security | Privacy & COPPA Policy

Send questions or comments concerning this website to: ajsmithbank@ajsmithbank.com.

New Deposit Insurance Limits

On October 3, 2008 Congress Temporarily

Increased FDIC Deposit Insurance

from $100.000 to $250,000 per Depositor

through December 31, 2013