Florida Mortgage Rates at Federal Trust Bank
Federal Trust Bank is a full service financial institution that provides banking services to individual and corporate customers in Florida. The bank is headquartered in Sanford, Florida and has 11 bank branch locations serving the Central Florida area.
Federal Trust Bank provides a variety of deposit and savings products and services including checking, savings, money market accounts; certificate of deposits; individual retirement accounts as well as a large lending portfolio that includes multi-family residential and commercial real estate loans; and construction, commercial, and consumer loans.
Federal Trust Bank offers several different home loans in Florida to choose from including competitively priced adjustable rate mortgages. The bank offers adjustable rate mortgages with a variety of mortgage rates in Florida and point options.
The conventional adjustable rate mortgage offers lower initial monthly mortgage payments than standard fixed rate mortgages allowing many borrowers to purchase a larger home or allows borrowers to benefit from a lower mortgage rate if they are anticipating a move by the end of the selected fixed term of the adjustable rate mortgage.
Current terms and mortgage rates in Florida offered by Federal Trust Bank include:
A 3 year adjustable rate mortgage has a mortgage rate of 4.375% with 0 points and an APR of 3.463%.
The 3 year adjustable rate mortgage with one point has a mortgage rate of 4.125% and an APR of 3.489%.
The bank’s five year adjustable rate mortgage has a mortgage rate of 5.00% and an APR of 3.859%.
The five year adjustable rate mortgage with one point has a mortgage rate of 4.75% and a 3.852% APR.
Mortgage loans and mortgage rates in Florida offered by Federal Trust Bank are subject to bank approval and additional conditions will apply. The interest rates, annual percentage rates (APRs) and points listed are subject to change without notice. The actual APRs will vary based on the mortgage loan applicant’s final loan amount and finance charges.
For current Florida mortgage rates and to find out more about financing options available from Federal Trust Bank, a bank representative can be reached at 800-226-2829.