Current Rates

Any fees charged could reduce earnings.

RATE = Interest Rate       APY = Annual Percentage Yield

All rates subject to change without notice.

Savings Accounts

Any fees charged could reduce earnings.

RATE = Interest Rate       APY = Annual Percentage Yield

All rates subject to change without notice.

Money Market Accounts

Any fees charged could reduce earnings.

RATE = Interest Rate       APY = Annual Percentage Yield

All rates subject to change without notice.

Student Savings

Any fees charged could reduce earnings.

RATE = Interest Rate       APY = Annual Percentage Yield

All rates subject to change without notice.

Certificates of Deposit (CD)

*Relationship Certificates must be accompanied by an active checking account. An active account is one that completes 3 or more transactions per month.

**Certificates of Deposit:  $1,000.00 minimum to open account. $1,000.00 minimum to earn APY.

IRA Certificates of Deposit:  $500.00 minimum to open and $500.00 minimum to earn APY.

Certificates of Deposit may impose penalty for early withdrawal.

Any fees charged could reduce earnings.

RATE = Interest Rate       APY = Annual Percentage Yield

All rates subject to change without notice.

**Mortgage Rates Available With Terms From 5 to 30 Years**

5/1 Adjustable Rate Mortgage Loans up to 30 Years: New & Existing 1 & 2 Family Owner-Occupied Homes

Payment per $1,000 based on initial rate and maximum term of 30 years.  Floor is set at initial interest rate. APR may increase after loan consummation.   See additional terms and conditions below.

Fixed Rate Mortgage Loans: New & Existing 1 & 2 Family Owner-Occupied Homes

*Preferred interest rate is offered on the condition that you maintain a checking account with us from which we may deduct your monthly payments as they are due.  Mortgage rates apply to requests of $510,400 or less. APR= Annual Percentage Rate.  APR listed is based on a $100,000 Mortgage Loan.

Additional Information

Mortgage Application Checklist

RATE LOCK-IN: 90 days from date of application

Loan To Value Rate Adjustments

Loan to value ratio less than 60%, decrease rate by .125%
Loan to value ratio 80.01% to 90.00%, increase rate by .50% (If construction, maximum loan to value is 85%)
Loan to value ratio 90.01% to 95.0%, increase rate by .50% plus PMI insurance required.

Rate increase by .50% for three & four family owner-occupied dwellings.

Loan Amounts

For requests in excess of $484,850 maximum loan to value is 70%.

Condos

Loan to value ratios greater than 80% require PMI insurance

PROCESSING FEES

Credit Report fee – $20.00 – Individual / $33.00 Joint (due at time of application)
Application fee – $100.00
Appraisal fee – $350.00 due prior to appraisal order. (Additional charge for 2 family & up.)
Origination Fee – .75%

The mortgage note will be at the stated rate. At closing, an agreement may be entered into by both parties reducing the rate by .25%.  This agreement will stay in effect as long as we are able to transfer automatic payments from your Bank of Greene County checking account as the payments are due.  If there are insufficient or uncollected funds in excess of three times in a calendar year, the agreement becomes null and void, and the interest rate reverts back to the note rate.

The Bank of Greene County requires an escrow account on all mortgages for the payment of town, village and school taxes, as well as homeowners insurance (and flood insurance and PMI insurance, if applicable).  Escrow may be waived; certain terms and conditions apply.

Since a mortgage is a legally binding contract between yourself and the Bank, we recommend that you engage the services of an attorney.  The Bank’s attorney will represent the Bank’s interest only.  Our attorney will charge for his/her services.  Should you have any questions regarding the mortgage application, rates, fees, or requirements, please call our Lending Center at (518) 943-1424.

The above rates and terms are subject to daily change without notice.  Please call our lending center at (518) 943-1424 for current rates and terms.

Home Equity Loans – Fixed Rate

(subject to credit approval)

1^st Lien Position — Subject property must be unencumbered OR first mortgage must be with The Bank of Greene County

* Preferred rate on your loan is offered on the condition that you maintain a checking account with us from which we may deduct your monthly payments as they come due.  APR=Annual Percentage Rate, APR listed is based on a $25,000 Home Equity Loan.

Additional Information

• No closing costs, except mandatory New York State Mortgage Tax.  Appraisal is required and title insurance may be required. Sufficient Property Insurance is required.
• Rates quoted are for 1 to 2 family homes, owner occupied only
• Maximum LTV of 80%
• Loan to value of 80.01% – 89.90% add 1.00% to interest rate
• Appraisal required -$175.00 –  $250.00
• Home Equity Loans paid or refinanced within 2 years may require closing costs be reimbursed to the bank.

Home Equity Loans — Fixed Rate

(subject to credit approval)

2^nd Lien Position – First mortgage must be with a lending institution

* Preferred rate on your loan is offered on the condition that you maintain a checking account or N.O.W. account with us from which we may deduct your monthly payments as they come due. APR=Annual Percentage Rate.  APR listed is based on a $25,000 Home Equity Loan.

Additional Information

• No closing costs, except mandatory New York State Mortgage Tax.  Appraisal and title insurance may also be required.  Sufficient Property Insurance is required.
• Rates quoted are for 1 to 2 family homes, owner occupied only
• Maximum LTV of 70%
• Appraisal required -$175.00 –  $250.00
• For second homes, add 1.50% to interest rate.
• Home Equity Loans paid or refinanced within 2 years may require closing costs be reimbursed to the bank.

GreenEquity Line of Credit: (1-2 family owner occupied)

1. First Lien Position* – Prime Rate Minus 0.25% (variable) for life of loan with auto-debit from Bank of Greene County checking account. Program applies to loan amounts between $7,500-$250,000.  Loan amounts $250,001 – $400,000 Prime Rate plus .50% with auto-debit from a Bank of Greene County checking account, Standard rate is Prime + .75%.  Rates are adjusted daily.  Floor rate: 3.99%, Ceiling:  25.0%. Maximum loan amount set at 80% of appraised value less first mortgage (if applicable).  Standard rate applies to accounts between $7,500-$250,000 without auto-debit payment.  Introductory Rate: 3.99% for first twelve months from the date of closing applies with auto-debit from a Bank of Greene County checking account.  Standard rate is Prime Rate.  Ten-year access period, interest only charged on outstanding balance during the access period.  Line converts to a fifteen-year variable amortization after access period.  No closing costs, except mandatory New York State Mortgage Tax.  Appraisal is required and title insurance may be required.  Appraisal fees vary: $175.00 – $350.00.  Sufficient Property Insurance is required. Contact mortgage department for fees and closing costs.  *To qualify for interest rate under this option, the Subject Property must be unencumbered OR the existing first mortgage must be with the Bank of Greene County.
2. Second Lien Position* – Prime Rate Plus 0.75% (variable) for life of loan with auto-debit from Bank of Greene County checking account. Program applies to loan amounts between $7,500-$100,000.    Rates are adjusted daily.  Floor rate: 5.50%, Ceiling:  25.0%. Maximum loan amount set at 70% of appraised value less first mortgage.  Standard rate applies to accounts between $7,500-$100,000 without auto-debit payment.  Standard rate is Prime Rate + 1.00%.  Ten-year access period, interest only charged on outstanding balance during the access period.  Line converts to a fifteen-year variable amortization after access period.  No closing costs, except mandatory New York State Mortgage Tax.  Appraisal is required and title insurance may be required.  Appraisal fees vary: $175.00 – $350.00.  Sufficient Property Insurance is required.  Contact mortgage department for fees and closing costs.  *To qualify for interest rate under this option, the existing mortgage on the Subject Property must be with a lending institution.

Consumer Loans

Subject to Credit Approval

* Preferred rate on your loan is offered on the condition that you maintain a checking account with us from which we may deduct your monthly payment as they come due.
APR=Annual Percentage Rate
**For vehicles with less than 20,000 Miles

Personal Loan Rates

Subject to Credit Approval

* Preferred rate on your loan is offered on the condition that you maintain a checking account with us from which we may deduct your monthly payment as they come due.
APR=Annual Percentage Rate