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Compare Mortgage Types

FIXED RATE MORTGAGE

  • Best if you want a low monthly payment.
  • Fixed interest rate
  • 10, 15, 20 or 30 years
  • Learn more

10/30 ADJUSTABLE MORTGAGE

  • Best if you plan to be in your home less than 10 years.
  • One-time interest rate adjustment.
  • 30 years – Fixed for 10 years. One-time adjustment to current 30-year fixed rate.1
  • Learn more

FIRST-TIME HOMEBUYER

  • Best if are buying a home for the first time.
  • Fixed/Adjustable interest rate
  • 10, 15, 20 or 30 years or 10/30 Adjustable Mortgage
  • Learn more

PRIME EQUITY LINE

  • Best if you need some extra money to cover home improvements or general expenses.
  • Variable interest rate
  • 15 years – 10 year draw period 5 year repayment
  • Learn more

NEW CONSTRUCTION PROGRAM

  • Best if you want loan approval and a locked-in rate before you start construction.
  • Fixed interest rate
  • 10, 15, 20 or 30 years
  • Learn more

1 Or a maximum of 3.00% over the initial rate.

Compare Mortgage Types

 

FIXED RATE MORTGAGERead more

10/30 ADJUSTABLE MORTGAGERead more

FIRST-TIME HOMEBUYERRead more

PRIME EQUITY LINERead more

NEW CONSTRUCTION PROGRAMRead more

Best if you

Want a low monthly payment.

Plan to be in your home less than 10 years.

Are buying a home for the first time.

Need some extra money to cover home improvements or general expenses.

Want loan approval and a lock-in rate before you start construction.

Interest Rates

Fixed

One-time rate adjustment

Fixed/Adjustable

Variable

Fixed

Terms

10, 15, 20 or 30 years

30 years -
Fixed for 10 years
One-time adjustment to current 30-year fixed rate1

10, 15, 20 or 30 years or 10/30 Adjustable Mortgage

15 years -
10 year draw period
5 year repayment

10, 15, 20 or 30 years

Benefits

Interest rate and monthly payment stay the same for the term of the loan

No PMI2 Option

By selecting a lower term, you can pay off your mortgage in a shorter amount of time.

Learn more

Lower initial rate - ½% below current 30-year fixed rate mortgage product.

No PMI2 Option

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No loan origination fee. Appraisal fee refunded at closing.

Accepts loan request up to 90% Loan To Value3 with no PMI2.

Downpayment may come from a gift.

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Draw on your home’s equity to afford home repairs, consolidate debt or pay for education.

Learn more

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Free Services

PFPinnacle
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eStatements

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PFPinnacle
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eStatements

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PFPinnacle
Online Banking
eStatements

PFPinnacle 4
Online Banking
eStatements

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N/A

 

1 Or a maximum of 3.00% over the initial rate.

2 Private Mortgage Insurance (PMI)

3 A ratio used to calculate the loan amount requested as a percentage of the value of a home.

4 Must have $10,000 or greater balance on your Piedmont Prime Equity Line to receive PFPinnacle with no monthly maintenance fee.

Straightforward, commonsense banking

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