1 Annual Percentage
Rate will be 1.99% fixed for the first six months and will vary
each month thereafter. The variable rate will be equal to the
National Prime Rate in effect on the adjustment date (currently
3.25%). Maximum APR will not exceed 18%. Property insurance
is required. Advertised APR is available to borrowers meeting
specific underwriting criteria and requires line of credit of
$10,000.00 or more with loan payments auto drafted from an FNCB
deposit account. Additional rates and terms are available. Closing
costs which include document preparation fee, appraisal and
recording fee, range from $425-$510 depending on property location.
2 $100 closing cost reduction will be applied on applications received before June 30, 2015. Loan terms are accurate as of 01/05/15 and are subject to change without notice. Borrower should consult a tax advisor to determine if interest is tax deductible.