^ Denotes variable rate account. The interest rate may change after the account is opened. * Certain limitations apply # Minimum balance to earn interest is the same as the required minimum opening balance unless noted in Special Features ° Interest is paid on the full balance in the account based on the applicable tier.
Accounts subject to fees & charges. Fees may reduce earnings. Early withdrawals on CDs may result in substantial penalties. For other terms and account information please call 410-768-7800. For 24/7 telephone access to accounts and products call Bankline 888-225-4417.
Free BankLine Telephone Banking 24/7
Our free telephone banking service makes it easy to stay connected to your account information. Simply call 888-225-4417 and follow the prompts.
If you have not yet used BankLine, call your local branch and establish your password to begin.
Access your account information
Perform account transfers
Make loan payments
Fixed Rate Mortgage Loans
A fixed rate loan allows you, the homeowner, the benefit of knowing exactly what your mortgage loan interest and principal payments will be for the life of your loan and are available for a home purchase or a mortgage refinance. Enjoy a fixed interest rate and fixed monthly payments. Available for 10, 15, 20, 25 and 30 year home loans. View today's mortgage interest rates below.
Available for home loan purchase or mortgage refinance
Fixed interest rates
Fixed monthly loan payments
Terms: 10, 15, 20, 25 and 30 years
Financing up to 97% LTV available (LTV over 80% may require Private Mortgage Insurance - PMI)
Investor Loans available. Contact for information.
Interest rates and terms are subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, loan to value, term, credit score, and other variables. Please call for details.
** 15 year amortization with 5 year balloon. Purchase only.
^ Payments do not include amount for taxes and insurance premiums if applicable and the actual payment obligation will be higher.
SUBJECT TO CREDIT APPROVAL
Fixed Rate Home Equity Loans
Borrow from the equity that you have established in your home to finance home improvement projects, large purchases or consolidate debt.
Fixed interest rates
Fixed monthly payments
Terms up to 20 years
Access up to 90% of the available equity in your home
Fixed Rate and Term. Single Advance. Maximum loan amount at these terms is $1,000,000. Annual Percentage Rate based on loan amount of $100,000 and fees of $548.50. Payments per $1,000 borrowed do not include taxes or insurance premiums which may increase the monthly payment. Borrower pays all closing costs. Property insurance is required on your home.
Combined Loan to Value Ratio is the total of your outstanding 1st mortgage balance plus the proposed equity loan, divided by the value of your home. Call for rates for loan amounts above $1,000,000.
If you would like in-depth financial information on Arundel Federal Savings Bank, including balance sheet, income statement, performance and condition ratios, or demographic information, access the FDIC’s Institutional Directory Database. Our FDIC Certificate number is 28780. This link will take you from our web site to the FDIC’s website.
Federal Home Loan Bank’s Affordable Housing First-Time Homebuyer* program
Arundel Federal Savings Bank is excited to offer the Federal Home Loan Bank’s Affordable Housing First-Time Homebuyer* program to qualified first-time homebuyers. Achieve the dream of homeownership with up to $12,500 in down-payment and closing-cost assistance for first-time homebuyers.
If you are a law enforcement officer, educator, health care worker, first responder, veteran, or essential worker, you may be eligible for an additional $2,500, for a total of $15,000 in assistance.
In addition to meeting the eligibility requirements, the homebuyer must:
Contribute at least $1,000 toward the purchase of the home.
Occupy the home as a primary residence.
Complete a homebuyer education and financial literacy course specified by the FHLBank Atlanta.
If you or someone you know is interested in this program, please contact our Loan Servicing Department at 410-768-7800, option #2, or one of our Loan Originators and let’s work together to get you in that first home. View today's mortgage interest rates below.
Available for home loan purchase
Fixed interest rates
Fixed monthly loan payments
Terms: 10, 15, 20, 25 and 30 years
*First-Time Homebuyer is a product of the Federal Home Loan Bank of Atlanta. Household income restrictions and other requirements apply. Please see Federal Home Loan Bank of Atlanta’s Affordable Housing Program Implementation Plan at www.fhlbxxx.com for complete product requirements. NMLS# 671636. Member FDIC and Equal Housing Lender.
Investor Loans available. Contact for information.
Interest rates and terms are subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, loan to value, term, credit score, and other variables. Please call for details.
** 15 year amortization with 5 year balloon. Purchase only.
^ Payments do not include amount for taxes and insurance premiums if applicable and the actual payment obligation will be higher.
SUBJECT TO CREDIT APPROVAL
*First-Time Homebuyer is a product of the Federal Home Loan Bank of Atlanta. Household income restrictions and other requirements apply. Please see Federal Home Loan Bank of Atlanta’s Affordable Housing Program Implementation Plan at www.fhlbxxx.com for complete product requirements. NMLS# 671636. Member FDIC and Equal Housing Lender.
Construction/ Permanent Loans
Whether you’re building or renovating, we can help you with your construction and permanent loan financing. The construction loan will convert to a fixed rate mortgage at the end of construction. With a fixed rate mortgage, the rate we lock at application will be your same rate until the loan is paid off. This will protect you against rising interest rates and help you maintain your monthly budget. Plus, you only pay interest on the amount advanced during the construction phase.
Arundel Federal Savings Bank will consider a request for a self-managed construction job. We will require documented work experience specific to construction and evidence of a present work situation that will allow for time to supervise an ongoing construction project.
12 months construction with interest due monthly on the amount advanced.
At construction completion, we will provide conversion to a fixed rate term mortgage.
You choose your own licensed builder/contractor.
Your builder is funded based on completed and inspected work.
Draws are normally funded within 24 hours after we receive the inspection report! This is the benefit of working with a community lender that makes decisions locally.
12 month construction period is Prime + 0. Call for additional rate/APR on other CP permanent phase terms.
Interest rates and terms are subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, loan to value, term, credit score, and other variables. Please call for details.
^ Payments do not include amount for taxes and insurance premiums if applicable and the actual payment obligation will be higher.
SUBJECT TO CREDIT APPROVAL
Christmas Club^
Plan ahead. Set money aside for annual holiday spending with a Christmas Club.
*Open in branch only.
$10 minimum opening deposit
Variable interest rate
Interest is compounded daily & credited quarterly
$5 quarterly service charge if balance falls below $10
Clubs have a 12-month term ending in October
A check for the entire balance is mailed to you at the end of the club term
Quarterly statement
Online Banking
Mobile Banking
Account balance may not exceed $10,000
Limit 1 account per customer Tax ID Number (TIN)
Transaction limitations apply - see the account disclosure for a full list of permitted and limited transactions
^ Denotes variable rate account. The interest rate may change after the account is opened. * Certain limitations apply # Minimum balance to earn interest is the same as the required minimum opening balance unless noted in Special Features ° Interest is paid on the full balance in the account based on the applicable tier. ~ Stated interest rate is paid only on the balance within the specified tier.
Accounts subject to fees & charges. Fees may reduce earnings. Early withdrawals on CDs may result in substantial penalties. For other terms and account information please call 410-768-7800. For 24/7 telephone access to accounts and products call Bankline 888-225-4417.
Choice Checking
A transaction checking account suitable for businesses with high transaction volumes and large account balances.
$300 minimum opening deposit
$12 monthly service charge
Transaction fee of $0.20 cents per ACH credit & debit, deposits and checks paid
No charge for checks deposited
For each $100 of average collected balance, an earnings credit of $0.15 cents is earned
Earnings credits are applied to reduce the per item charge and monthly service charge
Earnings credits cannot be applied to subsequent cycles
Miscellaneous fees apply. Please refer to current Business Fee Schedule.
Certificates and Retirement
Select a term that works for you and start saving for a set period of time.
Competitive interest rates based on opening deposit and term
^ Denotes variable rate account. The interest rate may change after the account is opened. ^^ denotes bump up CD-one rate adjustment per term
* certain limitations apply # minimum balance to earn interest is the same as the required minimum opening balance unless noted in Special Features ° Interest is paid on the full balance in the account based on the applicable tier.
Accounts subject to fees & charges. Fees may reduce earnings. Early withdrawals on CDs may result in substantial penalties. For other terms and account information please call 410-768-7800. For 24/7 telephone access to accounts and products call Bankline 888-225-4417.
