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County Bank offers a variety of loan programs to meet your needs. Contact us for available products, terms and rates. APR stands for Annual Percentage Rate. The listed rates, terms and conditions are subject to change at any time. THIS WEEK'S FEATURED PRODUCTS:
 
30 Year Fixed Rate
15 Year Fixed Rate
Home Equity Line of Credit
Home Equity Loan - 10 Year Term
Lot Loans
Construction Loans
Jumbo 30 Year Fixed

Rates last updated on Wednesday, November 14, 2018

30 Year Fixed Rate
A fixed rate mortgage provides you with the security of a monthly payment that doesn't change. Fixed rate loans are one of the most popular loan options today. By choosing a 30 year fixed rate loan, you will have the lowest monthly payment of all the fixed rate loans we offer.

Term: 30 years   Maximum Amount: $453,100
RatesAPRPoints
5.125%5.164%0%
 
The information provided assumes the purpose of the loan is to purchase a property, with a loan amount of $250,000 and an estimated property value of $312,500. The property is located in Rehoboth Beach, DE and is within Sussex county. The property is an existing single family home and will be used as a primary or secondary residence. The rate lock period is 45 days and the assumed credit score is 740. At a 5.125% interest rate, the APR for this loan type is 5.164%. The payment schedule would be; 359 payments of $1,361.22 with a final payment of $1,359.34. If an escrow account is required or requested, the actual monthly payment will also include amounts for real estate taxes and homeowner's insurance premiums.

15 Year Fixed Rate
A fixed rate mortgage provides you with the security of a monthly payment that doesn't change. Fixed rate loans are one of the most popular loan options today. Choose a 15 year fixed rate loan if you're comfortable with a higher payment and you will have the benefit of substantial interest savings.

Term: 15 years   Maximum Amount: $453,100
RatesAPRPoints
4.625%4.69%0%
 
The information provided assumes the purpose of the loan is to purchase a property, with a loan amount of $250,000 and an estimated property value of $312,500. The property is located in Rehoboth Beach, DE and is within Sussex county. The property is an existing single family home and will be used as a primary residence or a second home. The rate lock period is 45 days and the assumed credit score is 740. At a 4.625% interest rate, the APR for this loan type is 4.690%. The payment schedule would be; 179 payments of $1,928.49 and a final payment of $1,929.14. If an escrow account is required or requested, the actual monthly payment will also include amounts for real estate taxes and homeowner's insurance premiums.

Home Equity Line of Credit
A home equity line of credit puts extra cash as close as your checkbook. Apply now and access cash at any time by writing a check.
RatesAPRPoints
5.5%5.5%0%
 
The information provided is based on a $25,000 loan. The property is located in Rehoboth Beach, Sussex County in the State of DE. The property is an existing single family home, primary residence and the credit is assumed to be good. This assumes the maximum combined loan to value does not exceed 80%. Interest Rate/APR: Prime Rate as published in the Wall Street Journal + 0.250%. The rate is variable and may change daily. Term: The term of the home equity line is a total of 25 years. You will have a 10-year draw period and a 15-year payback. Your Home Equity Line of Credit will be due at maturity. Payment: Your minimum payment during your draw period will be 1% of the outstanding principal, at the end of your draw period your payment will be 1/180th of your principal balance plus interest. Closing Costs: County Bank will pay closing costs on a line amount of $20,000 or more new money. Credit requests for less than $20,000 new money shall be subject to closing costs incurred and permitted by law. Annual Fee: $0.00

Home Equity Loan - 10 Year Term
A fixed rate home equity loan provides the money you need right now with a budget-friendly regular monthly payment amount.

Term: 10 years  
RatesAPRPoints
5.375%5.376%0%
 
The information provided is based on a $50,000 loan, second lien on a single family primary residence. The property is located in Rehoboth Beach, Sussex county in the State of DE. The credit is assumed to be good. This assumes that the total of all existing mortgages does not exceed 80% of the property value. At a 5.375% interest rate, the APR for this loan type is 5.376%, and the payment schedule would be; 119 payments of $539.69 and a final payment of $539.22.

Lot Loans
A lot loan is used to purchase land.

Term: 15 years  
RatesAPRPoints
6.5%6.568%0%
 
The information provided is based on a $100,000 loan, purchase price of $135,000, first lien on the land, for personal use only. The property is located in Rehoboth Beach, Sussex county in the State of DE. The credit is assumed to be good. The rate for this loan would be 6.500% and the APR would be 6.568%. The payment schedule would be; 179 payments of $871.39 with a final payment of $870.80. The loan to value cannot exceed 75% based on the lesser of the sales price or appraised value.

Construction Loans
A construction loan is used to build a new primary or secondary residence.

Term: 9 months  
RatesAPRPoints
5.5%6.625%0%
 
The information provided assumes the purpose of the loan is to build a new primary or secondary residence, with a loan amount of $250,000 and an estimated property value of $312,500. The property is located in Rehoboth Beach, DE and is within Sussex county. At a 5.50% interest rate, the APR for this loan type is 6.625%; the term is 9 months; the payments are interest only monthly based on the outstanding principal with a maximum loan to value of 80%.

Jumbo 30 Year Fixed
A loan is considered jumbo if it exceeds the dollar amount limits set by Freddie Mac and Fannie Mae. This makes them non-conforming loans. As of 2018, these limits are $453,100.
RatesAPRPoints
5.375%5.395%0%
 
The information provided assumes the purpose of the loan is to purchase a property, with a loan amount of $500,000 and an estimated property value of $625,000. The property is located in Rehoboth Beach, DE and is within Sussex county. The property is an existing single family home and will be used as a primary residence. The rate lock period is 45 days and the assumed credit score is 740. At a 5.375% interest rate, with 0 points, the APR for this loan type is 5.395%. The payment schedule would be; 359 payments of $2,799.86 and a final payment of $2,796.56. If an escrow account is required or requested, the actual monthly payment will also include amounts for real estate taxes and homeowner's insurance premiums.



If you need help, Mortgage Specialists are only a phone call away. Contact us at 302-226-9798 or 302-226-9800. _______________________ You may use the Contact Us form to send a message to County Bank. This Contact Form is for non-sensitive communications only. Do not send us confidential or sensitive information such as passwords, account numbers or social security numbers. If you need to provide this type of information, contact us by phone or regular mail.