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Limited Time Offer - Apply By October 31st
Buying your dream home or refinancing your current mortgage? Now is a great time to apply with us!
Here are the details:
• Offer applies to purchases and refinances
• First and Second Homes
• Maximum Loan-To-Value (LTV) ratio of 95%***
• For loan applications dated 5/10/22 or after
• Minimum credit score of 650
• Full appraisal required
***Private Mortgage Insurance (PMI) required when LTV is over 80%
**These are promotional rates and may be discontinued at any time at the discretion of Rhinebeck Bank.
APR = Annual Percentage Rate. All loans subject to credit approval. Other conditions may apply. Subject to maximum conventional loan limits by county.
The above mortgage rate table assumes the following loan application scenario: Property located in Dutchess, Orange or Ulster Counties, Primary Residence, $400,000.00 purchase price, 20% down payment, 650 credit score, $320,000.00 loan amount.
*Monthly payment shown above include only principal and interest. Actual payments may be greater as payments disclosed do not include any amounts for taxes, hazard insurance premiums, HOA fees, mortgage insurance or flood insurance premiums, as applicable. The actual interest rate and fees available to you will be based on your credit history and property and may vary.
This $500 closing cost credit applies to eligible residential, first lien, purchase and refinance mortgages only. Home equity lines of credit and commercial mortgages are not eligible. A complete mortgage application must be received between 8/2/2022 and 10/31/2022 to qualify and the mortgage must close within 90 days of the completed application date. No exceptions will be made or considered regarding the 90 day closing period. Eligible loans include those with loan amounts up to the high balance conforming loan limits which are determined by geographic location and can vary by county. The $500 will be credited at the time of closing and will not be used to offset any closing cost calculated at time of application, towards a down payment, or for qualifying purposes. This promotion only applies to conventional loans; special purpose loan programs and government insured loan products are not eligible, including, but not limited to, SONYMA, FHA, VA and USDA loan programs. The mortgaged property must be located in New York state. All loan applications are subject to underwriting and credit approval.
This offer may not be combined with any other offers or discounts. May be subject to IRS reporting, please consult a tax professional as to any reporting requirements. This offer is not intended to provide tax advice.
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