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Loans

Whether you're looking for a new house or a new car, or if you want to benefit from the equity in your home, The Northumberland National Bank offers the perfect loan to fit your needs.

Mortgage Loans

Adjustable Rate Mortgage Loans

We offer a variety of Adjustable Rate Mortgage Loans. These loan programs are “In-House” mortgage loan programs maintained by the bank. This means you receive the VERY personal and flexible service you expect from your local and independent community bank. They range in term and how often they adjust. They all may be amortized for up to thirty years. Automatic Biweekly payments are available from a NNB checking or savings account with a rate discount of .25%. Rate caps are 1% annually once the fixed rate term ends and 5% over the life of the loan.  Refinance transactions do not require the services of an Attorney or Title Company. The bank can obtain a property lien search which results in lower costs to you as the customer. Escrowing of taxes and insurances may be required.

  • 5/1 Adjustable Rate Mortgage offers an initial fixed rate for the first five years and may adjust annually thereafter.
  • 7/1 Adjustable Rate Mortgage offers an initial fixed rate for the first seven years and may adjust annually thereafter.
  • 10/1 Adjustable Rate Mortgage. The initial rate on this loan is fixed for the first ten years and may adjust annually thereafter.

A rate discount may apply for agreeing to automatic payments from your NNB deposit account.  In-House mortgage loans may be limited to 80% of the value of the home as a maximum loan amount. (Borrowers with limited down payment may want to consider a "Family Backed Mortgage")

10 Year and 15 Year Fixed Rate First Mortgage Loans

This is our in-house mortgage where the rate is fixed for the entire ten year term. Escrowing of taxes and insurances may be required.

Secondary Market Real Estate Loans

These fixed rate mortgages are sold on the secondary market. Terms include ten, fifteen, twenty, thirty, and forty years. Financing above 80% loan to value requires Private Mortgage Insurance. Northumberland National Bank retains servicing on these loans. Escrowing of taxes and insurances may be required. Closing costs include fees in addition to in-house fees.

Get a custom quote on your refinance or purchase mortgage

PHFA Mortgage Loans (Secondary Market)

These mortgages are sold to the Pennsylvania Housing Finance Agency. There are different programs available for various levels of income including the First Time Homebuyers program. Financing above 80% of value requires Private Mortgage Insurance. This is a fixed rate loan that can be amortized for thirty years. Escrow of taxes and insurances may be required. Title Insurance is required. Closing costs are restricted to Administrative fees plus bank’s costs. This is a great way to get into that first home!

Home Equity Loans and Lines of Credit

Home Equity Line of Credit

A Home Equity Line of Credit allows you to use the equity in your home to have a revolving line of credit. You apply only once for this loan but use it over and over again. This line of credit may provide overdraft protection to your NNB Checking Account or you can draw funds as needed. The interest may be tax deductible. Financing is available for up to 80% of the value of your primary residence. Automatic payment from your NNB checking or savings account is available for this loan type. An interest rate discount may apply for agreeing to automatic payments from your NNB deposit account.  Interest rate is variable.

Option Home Equity Line of Credit

Same as above with an additional feature.  This product allows portions of the revolving balance to be paid back over a fixed term with a fixed interest rate.  The fixed rate term out portions are called "Fixed Rate Advances" or FRAs.  You may have up to three FRAs out at a time.  The interest rate on the FRA will be determined by the interest rates we are offering (as published) at the given time on Fixed Rate Home Equity Loans (see below) of similar term length.  This means you would be receiving the same interest rate offered as if you came in for a new loan, however, since it is a revolving line of credit you can use it over again without the hassel of always arranging for a new loan.   See a Lending Officer for further details or a loan program discloure.

Home Equity Loan/Junior Mortgage

This is a fixed term loan that is based on the equity in your home. Financing is available for up to ten years. The rate is fixed for the term of the loan and there are no bank fees. You may borrow up to 80% of your home's value. We may also allow up to 90% of the equity in your residence to be borrowed provided NNB is the only mortgage holder. Automatic payment from your NNB checking or savings account is available for this loan type. A rate discount may apply for agreeing to automatic payments from your NNB deposit account. Payments quoted in the table are principal and interest only.  Loans requiring escrow of taxes and insurance will have higher payments.

Please call to inquire about Special Promotional Home Equity Loan Interest Rates that are available from time to time.

 Interest RateAPRPayment / $1000.00
3 years 2.625% 2.670% $28.94 per month based on 36 months at 2.67% APR
5 years 3.000% 3.050% $17.99 per month based on 60 months at 3.05% APR
10 years 4.000% 4.055% $10.16 per month based on 120 months at 4.055% APR
All interest rate information provided assumes applicant(s) have a minimum Experian credit score of 650 and agree to automatic payment from a NNB deposit account. Standard Loan Fees may apply

Rates effective from 10/30/2014 to 12/1/2014.

 

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Personal Loans

Loans Secured by NNB Savings or Certificate of Deposit Accounts

This type of loan allows us to hold your NNB Savings or Certificate of Deposit Account as collateral.  Your rate will be 2% above the rate your Certificate of Deposit account is earning, and allows flexibility to fit your borrowing needs.  When using a Savings Account, your rate will be 3% above the rate the account is earning.  Automatic payment from your NNB checking or savings account is available for this loan type.  A rate discount may apply for agreeing to automatic payments from your NNB deposit account.

Loans Secured by Marketable Securities

You can use equity in stocks you already own as collateral for this type of loan.  We offer flexible terms and can initially finance 60% of the current market value of your stocks.

 Interest RateAPRPayment / $1000.00
36 months 5.500% 5.576% $30.24 per month based on 36 months at 5.576% APR
60 Months 5.500% 5.580% $19.14 per month based on 60 months at 5.580% APR
All interest rate information provided assumes applicant(s) have a minimum Experian credit score of 650 and agree to automatic payment from a NNB deposit account. Standard Loan Fees may apply

Rates effective from 10/30/2014 to 12/1/2014.

 

Unsecured Personal Loans

This type of loan is a term loan that does not require the borrower to pledge collateral. We offer competitive rates and flexible terms. Stop paying the higher rates and fees usually found on credit card accounts and consider terming the balance out with this convenient loan. Automatic payment from your NNB checking or savings account is available for this loan type. A rate discount may apply for agreeing to automatic payments from your NNB deposit account.

Reduced Interest Rates on personal loans available to customers that maintain their Home Loan financing with NNB.  Call for details.

 Interest RateAPRPayment / $1000.00
36 months 11.750% 12.290% $33.33 per month based on 36 months at 12.29% APR
All interest rate information provided assumes applicant(s) have a minimum Experian credit score of 650 and agree to automatic payment from a NNB deposit account. Standard Loan Fees may apply

Rates effective from 10/30/2014 to 12/1/2014.

 

Personal Line of Credit

A Personal Line of Credit is an unsecured line of credit you can draw on as needed. It may be used as overdraft protection for your NNB Checking, this will help avoid costly overdraw fees.  You apply only once for this loan type but use it over and over again. There is a low annual fee which is very economical when compared to credit card plans with “hidden” costs and higher rates. Automatic payment from your NNB checking or savings account is available for this loan type. A rate discount may apply for agreeing to automatic payments from your NNB deposit account.

Vehicle Loans

This loan is to finance the purchase of a new or a used vehicle with as little as 5% down cash or trade. Your new car purchase can be financed for as long as six years and your used car purchase can be financed for as long as five years. We also offer financing for the purchase of vintage and collector cars. We offer competitive rates and flexible terms based on your credit qualifications. Automatic payment from your NNB checking or savings account is available for this loan type. A rate discount may apply for agreeing to automatic payments from your NNB deposit account.

 Interest RateAPRPayment / $1000.00
2008 Model or New up to 48 months 3.950% 4.126% $22.59 per month based on 48 months at 4.126% APR
New 49 to 60 months 4.500% 4.566% $18.68 per month based on 60 months at 4.566% APR
New 61 to 72 months 4.750% 4.819% $16.03 per month based on 72 months at 4.819% APR
2007 model & older up to 48 months 7.950% 8.352% $24.45 per month based on 48 months at 8.352% APR
All interest rate information provided assumes applicant(s) have a minimum Experian credit score of 650 and agree to automatic payment from a NNB deposit account. Standard Loan Fees may apply

Rates effective from 10/30/2014 to 12/1/2014.

 

How much will my car payment be ?

Residential Investment Properties

An in-house 5/1 Adjustable Rate Mortgage is used to finance rental properties. The initial rate is fixed for the first five years and may adjust annually thereafter. This loan program can be amortized for up to twenty years. Biweekly automatic payments are available from a NNB checking or savings account. A rate discount may apply for agreeing to automatic payments from your NNB deposit account.