Downers Grove National Bank - Products/Services

Mortgage Loans

Building Your Family's Future One Dream at a Time
Our Mortgage Lending Staff are prepared and eager to assist you in financing your dream home, refinancing or remodeling your present home. Financing a single family home, townhome, condominium, vacation home or investment property? We have programs for them all. We offer:

Competitive rates and fees

Free pre-qualification

Options with terms from 10 to 30 years

Conventional Mortgage Loan Rates
Effective Date: THURSDAY 3/11/04

PURCHASE / REFINANCE

CONFORMING LOAN AMOUNT
$25,000 – $333,700

CASH OUT REFINANCE*

CONFORMING LOAN AMOUNT
$25,000 – $333,700

Type Rate A.P.R. Rate A.P.R.

30 Year Fixed 5.250% 5.272% 5.375% 5.397%

20 Year Fixed 4.875% 4.904% 5.000% 5.029%

15 Year Fixed 4.625% 4.662% 4.750% 4.787%

3/1 ARM 3.125% 3.821% 3.250% 3.849%

5/1 ARM 4.000% 4.020% 4.125% 4.066%

PURCHASE / REFINANCE / CASHOUT REFINANCE

JUMBO LOAN AMOUNT
$333,701- $1,000,000

Type Rate A.P.R.

30 Year Fixed 5.500% 5.510%

15 Year Fixed 4.875% 4.892%

3/1 ARM call!

5/1 ARM call!

Construction Loans

Rates Prime + 0.5% Fixed

Points Call

Term 6 months

Loan to Value - maximum 80% 80%

For the most current rates, call (630) 968-6301, ext. 500
Call for details about purchasing or refinancing your out-of-state property!

For more complete information, please contact:

Marlene Miciunas
(630) 968-6300, ext. 300

Sue Loveday
(630) 968-6300, ext. 243

Above rates are for a 60-day lock and have no discount points on fixed rate mortgages. Discount points may apply to adjustable rate mortgages. *Paying off a second mortgage is considered a cash out refinance for conforming loans. Please call for details. Longer-term locks are available. Rates quoted are for conventional loans for owner occupied single family properties and include escrows for real estate taxes and homeowners insurance. Please call for additional loan programs and financing. Bank fees in the amount of $550 will be due at closing, in addition to approximately $550 for title company services. Annual Percentage Rate (A.P.R.) is based on a loan amount of $165,000 for conforming loans and $350,000 for jumbo loans. . The A.P.R. is figured with a 20% down payment and zero discount points. A down payment of less than 20% will require mortgage insurance and will increase the A.P.R. Title fees will be slightly higher for Jumbo loans. Down payment requirements will vary. All loans are subject to credit approval.

Member FDIC / Equal Housing Lender