The Commercial & Savings Bank

Home Loan Rates

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We reserve the right to change rates, terms, and conditions without notice. Subject to credit approval. 

Home Loan Special!


Rates, terms, and conditions apply to applications received by June 18, 2024. The Bank reserves the right to change rates, terms, and conditions without notice. Subject to credit approval. Purchase or Refinance loans must be secured with a 1-4 family, owner-occupied dwelling. Construction loans must be secured with a single family, owner-occupied dwelling. Proof of hazard insurance is required at closing.

Rates shown are for applicants with credit scores greater than or equal to 780. Applicants with lower credit scores may have different terms available. All loans subject to approval. All applications are welcome, contact a local expert to obtain rates and terms.
Terms 15/1 ARM: Purchase or Refinance
$150,000 Loan Amount
15/1 ARM: Construction
$240,000 Loan Amount
Max Term (Months) 360 360
Max LTV 1 80% 80%
Points 2  1 1
Simple Interest Rate3  6.875% 6.875%
Example Payment Amount 4 $985.394 $1,576.637
Example Annual Percentage Rate (APR)  5
(as low as)
7.220%5 7.286%8
Estimated Payment6 
(per $1,000 borrowed)
$6.57
$6.57
1 Per CSB policy, Loan-to-Value (LTV) is based on the lesser of the purchase price or appraised value.
2 Points are equivalent to a certain percentage of your loan amount. One point equals one percent of your loan. Minimum fee $999.00. 
3 Variable rate representing a 0.25% rate reduction with an automatic payment from a CSB depository account. Subject to change after consummation with a maximum increase of 6.00% over the life of the loan and subject to a floor rate.  
4 Example payment for the first 15 years on a $150,000 loan amortized at the stated simple interest rate over the maximum term. Payment could be as high as $1,357 for years 16-30. Taxes and insurance not included. Your payment obligation will be higher.
5 Annual Percentage Rate (APR) for a $150,000 loan amortized at the stated simple interest rate over the maximum term. APR includes prepaid finance charges of $1,900. PMI (Private Mortgage Insurance) may be required for loans w/LTV's in excess of 80%. Other customary closing costs apply.
6 Estimated payment per $1,000 borrowed at the stated simple interest rate amortized over the maximum term.
7 Example payment for the first 15 years on a $240,000 loan amortized at the stated simple interest rate over the maximum term. Payment could be as high as $2,237 for years 16-30. Taxes and insurance not included. Your payment obligation will be higher.
8 Annual Percentage Rate (APR) for a $240,000 loan amortized at the stated simple interest rate over the maximum term. APR includes prepaid finance charges of $4,702. PMI (Private Mortgage Insurance) may be required for loans w/LTV's in excess of 80%. Other customary closing costs apply.

ARM Rates


Rates, terms, and conditions apply to applications received by June 18, 2024. The Bank reserves the right to change rates, terms, and conditions without notice. Subject to credit approval. Loans must be secured with a 1-4 family, owner-occupied dwelling. Proof of hazard insurance is required at closing.

Rates shown are for applicants with credit scores between 680 and 779. Applicants with higher or lower credit scores may have different terms available. All loans subject to approval. All applications are welcome, contact a local expert to obtain rates and terms.
Terms 1/1 ARM 3/1 ARM 5/1 ARM 15/1 ARM
Max Term (Months) 360 360 360 360
Max LTV 1 80% 80% 80% 80%
Points 2  0 0 0 0
Simple Interest Rate 3 6.625% 6.750% 7.000% 7.875%
Example Payment Amount 4
$960.47
$972.90 $997.95 $1,087.60
Example Annual Percentage Rate (APR)  5
(as low as)
8.275% 8.004% 7.874% 8.026%
Estimated Payment 6
(per $1,000 borrowed)
$6.40 $6.49 $6.65
$7.25
1 Per CSB policy, Loan-to-Value (LTV) is based on the lesser of the purchase price or appraised value.
2 Points are equivalent to a certain percentage of your loan amount. One point equals one percent of your loan.
3 Variable rate. Subject to change after consummation with a maximum increase of 6.00% over the life of the loan and is subject to a floor rate. 
4 Example payment for a $150,000 loan amortized at the stated simple interest rate over the maximum term. Taxes and insurance not included. Your payment obligation will be higher.
5 Annual Percentage Rate (APR) for a $150,000 loan amortized at the stated simple interest rate over the maximum term. APR includes prepaid finance charges of $1,100. PMI (Private Mortgage Insurance) may be required for loans w/LTVs in excess of 80%. Other customary closing costs apply.
6 Estimated payment per $1,000 borrowed at the stated simple interest rate amortized over the maximum term.

ARM reflects an Adjustable Rate Mortgage subject to interest rate changes on a 1 year interval after initial period of 1,3,5, or 15 years.

Maximum loan amount of $766,550. Rates, terms, and conditions apply to applications received by June 12, 2024 and closed no later than July 29, 2024. The bank reserves the right to change rates, terms, and conditions without notice. Subject to credit approval. Loans must be secured with a 1-4 family, owner-occupied dwelling. Proof of hazard insurance is required at closing.

All loans subject to approval. All applications are welcome, contact a local expert to obtain rates and terms.

Terms
30 Year
Max Term - 360 month
Max LTV 1 

80%

80%

Points 2 

0

.125

Simple Interest Rate 3

6.500%

6.375%

Example Payment Amt4

$1,264.14

$1,247.74

Example Annual Percentage Rate (APR) 5

6.586%

6.472%

Estimated Payment 6 (Per $1,000 borrowed)

$5.62

$5.55


Terms
20 Year
Max Term - 240 month
Max LTV 1 

80%

80%

Points 2 

0

.125

Simple Interest Rate 3

6.625%

6.500%

Example Payment Amt4

$1,505.90

$1,491.15

Example Annual Percentage Rate (APR)5

6.739%

6.629%

Estimated Payment 6(per $1,000 borrowed)

$6.69

$6.63


Terms
15 Year
Max Term - 180 month
Max LTV 1 

80%

80%

Points 2 

0

.125

Simple Interest Rate 3

6.750%

6.625%

Example Payment Amt4

$1,769.82

$1,755.99

Example Annual Percentage Rate (APR)5

6.893%

6.787%

Estimated Payment 6 (Per $1,000 borrowed)

$7.87

$7.80


1 Per CSB policy, Loan-to-Value (LTV) is based on the lesser of the purchase price or appraised value.
2 Points are equivalent to a certain percentage of your loan amount. One point equals one percent of your loan.
3 Fixed rate.
4 Example payment for a $200,000 loan amortized at the stated simple interest rate over the maximum term. Taxes and insurance not included. Your payment obligation will be higher.
5 Annual Percentage Rate (APR) for a $200,000 loan amortized at the stated simple interest rate over the maximum term. APR includes prepaid finance charges of $1,777 (with additional points where indicated). PMI (Private Mortgage Insurance) may be required for loans with LTV in excess of 80%. Other customary closing costs apply.
6 Estimated payment per $1,000 borrowed at the stated simple interest rate amortized over the maximum term.

Rates, terms, and conditions apply to applications received by June 18, 2024. The Bank reserves the right to change rates, terms, and conditions without notice. Subject to credit approval. Loans must be secured with a 1-4 family, owner-occupied dwelling. Proof of hazard insurance is required at closing.


Rates shown are for applicants with a credit score of at least 780.  Applicants with lower credit scores may have different terms available. All loans subject to approval. All applications are welcome. Contact a local expert to obtain rates and terms.


Terms 1-5 Yrs 6-10 Yrs

Max LTV - 80% 1,2

Simple Interest Rate 

7.750%

7.875%

Example Variable Annual Percentage Rate (APR) 3

8.305%

8.176%

Example Payment Amount 

$503.92

$301.67

Estimated Payment 4
(Per $1,000 borrowed)

$20.16

$12.07

Max LTV - 90% 1,2

Simple Interest Rate 

10.250%

10.375%

Example Variable Annual Percentage Rate (APR)3

10.818%

10.691%

Example Payment Amount 

$534.26

$335.59

Estimated Payment 4
(Per $1,000 borrowed)

$21.37

$13.42

 
1 Per CSB policy, Loan-to-Value (LTV) is based on the lesser of the purchase price or appraised value.
2 To qualify for a LTV of 90% or higher, a credit score of 750 is required.
3 Annual Percentage Rate (APR) for a $25,000 loan amortized at the stated simple interest rate over the maximum term. APR includes prepaid finance charges of $325. Total closing costs are $999. Title insurance must be purchased on loans above $250,000 at an additional cost.
4 Estimated payment per $1,000 borrowed at the the stated simple interest rate over the maximum term.

Rates, terms, and conditions apply to applications received by June 18, 2024. The Bank reserves the right to change rates, terms, and conditions without notice. Subject to credit approval. Loans must be secured with a 1-4 family, owner-occupied residence. The minimum payment will result in a balloon payment at maturity. Proof of hazard insurance is required at closing. Consult your tax adviser regarding interest deductibility.

All loans subject to approval. All applications are welcome, contact a local expert to obtain rates and terms. Applicants with lower credit scores than those indicated below may have different terms available. 

Product Annual Percentage Rate (APR) and Conditions

HELOC with Maximum of 80% Loan To Value (LTV)

$10,000 - $19,999

9.50 APR (Prime + 1.00) OR 9.25 APR (Prime +.75) representing a .25% rate reduction with an automatic payment from a CSB depository account.* To obtain these rates, a credit score of 720 or higher is required.
Higher rates apply for lower credit scores. 

$20,000 - $49,999

9.00 APR (Prime + .50) OR 8.75 APR (Prime + .25) representing a .25% rate reduction with an automatic payment from a CSB depository account.** To obtain these rates, a credit score of 720 or higher is required.
Higher rates apply for lower credit scores.

$50,000 - above

8.75 APR (Prime + .25) OR 8.50 APR (Prime + 0) representing a .25% rate reduction with an automatic payment from a CSB depository account.*** To obtain these rates, a credit score of 720 or higher is required.
Higher rates apply for lower credit scores.

$50,000 - above

8.50 APR (Prime + 0) OR 8.25 APR (Prime - .25) representing a .25% rate reduction with an automatic payment from a CSB depository account.*** To obtain these rates, a credit score of 760 or higher is required.
Higher rates apply for lower credit scores.

HELOC with Maximum of 60% Loan To Value (LTV)

$50,000 - above

8.25 APR (Prime - .25) OR 8.00 APR (Prime - .50) representing a .25% rate reduction with an automatic payment from a CSB depository account.**** To obtain these rates, a credit score of 760 or higher is required.
Higher rates apply for lower credit scores. 

 
Minimum loan balance $10,000.
*The annual percentage rate will not be less than 4.25% (floor) with a maximum of 18% over the lifetime of the loan.
**The annual percentage rate will not be less than 3.75% (floor) with a maximum of 18% over the lifetime of the loan.
***The annual percentage rate will not be less than 3.50% (floor) with a maximum of 18% over the lifetime of the loan.
****The annual percentage rate will not be less than 3.25% (floor) with a maximum of 18% over the lifetime of the loan.

 

1 Per CSB policy, Loan-to-Value is based on the lesser of the purchase price or appraised value.
2 Variable rate Annual Percentage Rate (APR). Subject to change after consummation.
3 A $75.00 annual fee will be assessed beginning with the first cycle date after closing and annually thereafter.
4 If paid off and closed within the first 3 years, a pre-payment penalty of 1% of the original line amount up to a maximum of $500 will be assessed.
5 Appraisal and underwriting restrictions apply. Lines with other Loan-to-Value limits are available. Please contact your CSB loan officer for details.