Ray David, Jr.
Mortgage Rates as low as 4.25% 4.367% annual percentage rate (APR)
No PMI (Private Mortgage Insurance)
Down Payment As Low As 10.01%
Bridge Loans available
PointBank is an independent, locally owned bank that has been serving the Denton County community since 1884—over 130 years! Currently, we have nine branches conveniently located throughout the county. We know the area and the people. We make decisions here at home — not in some other state.
Getting a mortgage can often seem a bit daunting to say the least. At PointBank, we understand that a mortgage loan is a big commitment, so we offer help from our highly experienced team of mortgage loan experts who craft the perfect loan for you.
Our mortgage lenders are ready to guide you through the mortgage lending process with only your best interests in mind.
If you have an existing mortgage with less-than-desireable terms, we at PointBank can refinance your mortgage to help reduce your monthly payments or even use the mortgage equity to give you cash directly.
Fixed rate mortgage: 30 year principle and interest payment, as little as 10.01% down, loan amount up to $650,000, 1% origination fee, rate as low as 4.50%. Example: 30 year term, $500,000 loan amount, 80% LTV, 740+ credit score, 4.375% rate. At 4.25% on a 30 year fixed rate mortgage the payment will be $4.92 for $1,000 borrowed.
Adjustable rate mortgage (ARM): up to 30 years, as little as 10.01% down, rate as low as 4.25%, 5/5/2 ARMs – rate/APR and payment may increase every 5 years up to 2%, 1% origination fee, loan amounts up to $2,000,000. Example: 30 year amortization, $500,000 loan amount, 80% LTV, 720+ credit score, 4.125% rate.
Bridge loans: Combined loan to value up to 70%, rates as low as 4.25%, 12 month interest only on current home balance, up to 30 year term on new home, origination fees may vary based on loan amount, loan amount up to $2,000,000. APR and payment may vary over life of loan depending if an ARM or fixed rate loan is chosen. Example: New home – 30 year term, $500,000 loan amount, 70% CLTV, 740+ credit score, 4.25% rate. There will be two homes as collateral and a release price to keep loan to value at 70% once former home is sold.
We are here for you today — and tomorrow.
Providing banking services since 1884.