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Current First Mortgage Rates: |
In House Mortgage loans with no, points, fees or closing costs!* |
10 YEAR FIXED |
6.125% APR |
Fixed rate
Amoritzed for 10 years or less |
3/1 ARM 2 |
6.125% APR |
3 year fixed, amortized up to 30 years
remaining 27 years adjustable rate |
5/1 ARM 2 |
6.375% APR |
5 year fixed, amortized up to 30 years
remaining 25 years adjustable rate |
7/1 ARM 2 |
6.625% APR |
7 year fixed, amortized up to 30 years
remaining 23 years adjustable rate |
5 YR BALLOON 1 |
6.375% APR |
Fixed Rate with 5 year maturity
Amortized up to 30 years |
7 YR BALLOON 1 |
6.625% APR |
Fixed Rate with 7 year maturity
Amortized up to 30 years |
When we say these are in-house loans, we really mean it!
We keep the loans listed above on our books — they are not sold on the secondary market. You make your payments to us at any one of our 13 locations, or by calling 901.380.7530 or by going online to firstsouth.com. |
15 YR FIXED |
6.125% APR |
Fixed rate
Amortized for 15 years or less |
30 YR FIXED |
6.500% APR |
Fixed Rate
Amortized for 30 years or less |
If one of our in-house mortgage loan products doesn't meet your needs, we do offer these long term fixed-rate loans. These loans are sold on the secondary market and are not serviced by First South. Points, fees and closing costs do apply to these loans.
Hurry! Rates won't stay this low for long! Apply today by calling 901.380.7530 or stopping by any of our 13 locations! Or click here to apply online.
Want to see how much your payment will be? Click here to access our handy calculators! |
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*Rates are subject to change or withdrawal without notice. Offer of no points, fees or closing costs applies to First South's in-house mortgage loans only. Loans are subject to approval criteria.
** 15 yr fixed and 30 yr fixed loans do have points, fees and closing costs. Please see First South for details. Rates are quoted without origination points or discount points. Loans are subject to approval criteria.
1. 5 and 7 year balloon mortgages will have to be paid off or refinanced at the end of their maturity period. First South will pay for the closing costs again at that time if you select another in-house first mortgage loan.
2. ARMs (Adjustable Rate Mortgages) have rate caps during the adjustable rate period. Interest rate cannot increase more than 2% in any one year and no more than a total of 6% over the life of the loan.
First South is an equal housing lender. |
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