Effective: October 16, 2018
|NMLS ID# 417707||NMLS ID# 417703||NMLS ID# 1573750||NMLS ID# 417708|
At this present time, the bank currently lends to 6 San Luis Valley counties. Which include the following counties: Alamosa, Conejos, Costilla, Mineral, Rio Grande, and Saguache. The bank will occasionally loan outside the valley but only within the State of Colorado and to existing bank members.
APR*(Annual Percentage Rate)
Fixed Rate Mortgage – Primary Residence:
|Term (Years)||Loan to Value||Rate||APR*||Origination Fee||Examples|
|30||80%||5.25%||5.36%||1%||$100,000.00 @ 5.36% APR* = 360 payments of $552.20|
|15||80%||4.375%||4.55%||1%||$100,000.00 @ 4.55% APR* = 180 payments of $758.62|
|10||80%||4.125%||4.38%||1%||$100,000.00 @ 4.38% APR* = 120 payments of $1,018.40|
Manufactured homes are not eligible. Loans may be sold but still serviced by San Luis Valley Federal Bank.
1 Year Adjustable Rate – Primary Residence:
|Term (Years)||Loan to Value||Rate||APR*||Origination Fee|
Example: $100,000.00 @ 4.13% APR=360 payments of $479.15 Rates may increase after consummation.
Auto Loan Fixed Rate-New to 4 years old
|Term (Years)||Rate||APR*||Document Preparation Fee|
Example: $15,000.00 @ 4.61% APR = 60 payments of $279.03 Vehicles over 1 year old, down payment determined by the NADA retail value. Financing up to 84 months is available for qualified borrowers.
We also provide the following loan products:
|Commercial Loans||Vacant Land||Rental Loans||Recreational Loans|
|Vehicle Loans||Line of Credit Loans||Deposit Accounts (Share Loans)||Manufactured Homes|
Interest rates are subject to change without notice. Contact Bank for current rates.
*APR (Annual Percentage Rate) – the actual cost of credit to the borrower, including interest and certain other charges, expressed as a yearly rate and calculated over the life of the loan.
San Luis Valley Federal Bank- NMLS ID#403374
If you need information on any of our additional loan products or rates, please call 719-589-6653 or toll-free 1-877-478-8625 to reach any of our loan professionals.