Consumer Loans

Fixed Rate / Fixed Term

Loan Term
60 months
Annual Percentage Rate
4.490%
Number of Payments
60
Effective Date
7/29/2015
Terms and Conditions
These rates are subject to change without notice. Loan to Value is less than or equal to 85%. Consult your tax advisor regarding tax deductible status of your loan. Repayment equals 60 monthly payments of $19.10 per $1,000 borrowed. For loans secured by a first lien on a dwelling payments do not include amounts for taxes and insurance premiums, if applicable, and the actual payment obligation will be greater. NO CLOSING COST OPTION: If at the time of closing you set up an Automatic Funds Transfer (“AFT”) or Automatic Clearing House (“ACH”) to make the monthly payment on your Note, then First American Bank will pay the fees previously disclosed to you associated with closing on your Note, including, but not limited to, appraisal, title, flood, credit report and recording fees (the “Third Party Fees and Charges”. If at any time during the term of your Note you fail to maintain the AFT or ACH, then you agree to pay the Third Party Fees and Charges which will be added to the outstanding balance of your Note. If at the time of closing you do not setup an AFT or ACH to make the monthly payment, or if the loan is a purchase money transaction, or Non Owner Occupied Residences, then you will pay the Third Party Fees and Charges at closing.
Equal Housing Lender
Member FDIC