Home Loans
Program Name Interest Rate Annual Percentage Rate (APR) Points
30-Year Mortgage 4.000 4.139 1.00
30/15 Year Balloon 3.625 3.760 1.00
15/15 30-Year Adjustable Rate Mortgage 3.750 3.887 1.00
5/5 30-Year Adjustable Rate Mortgage 3.500 3.634 1.00
15-Year Fixed 2.875 3.109 1.00
10-Year Fixed 2.750 3.089 1.00
12-Month Construction 1% over the perm rate   1.00
 

Rates posted are indications only and are subject to change without notice.  Your actual rate may be different, as many factors go into providing you with a mortgage loan.  Rates shown are based on loan amounts of $200,000 and are not intended to be a commitment to the loan type or amount for which you may qualify.  For jumbo rates you may contact us direct at 865-481-1043.
 

Fixed-Rate Balloon Mortgages 30/15 and 20/15
Fixed-Rate balloon products have a term of 15 years for the balloon term but may be amortized for 20 or 30 years.  Balloon products have an unpaid principal balance due after the fixed 15 year period.

Adjustable-Rate Mortgage 15/15
Adjustable-Rate Mortgage is variable and your rate may increase after the original rate period.  The adjustable rate mortgage is tied to the 10 Year CMT index.  Adjustable rates cannot change more than 4% at the adjustment period and cannot adjust more than 4% over the life of the loan.

Adjustable-Rate Mortgage 5/5
Adjustable-Rate Mortgage is variable and your rate may increase after the original rate period.  The adjustable rate mortgage is tied to the 10 Year CMT index.  Adjustable rates cannot change more than 2% at the adjustment period and cannot adjust more than 5% over the life of the loan.

Fixed Rate
We offer fixed rate for terms from 10-30 years. 

More Information
We offer no Private Mortgage Insurance (PMI) on some mortgage products, and unimproved land loans.   We now offer referral options for VA, FHA and USDA products.   For more information on how these products may benefit you, please contact one of our Mortgage Loan Officers who will assist you in determining the right product for your needs.

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