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Mortgage Loan Rates

Rates Effective as of May 27, 2022

The following loan rates are available for properties located within the Lower Eastern Shore of Maryland, Accomack County, Virginia and Lower Delaware.

Primary/Secondary Homes

(Includes Double Wide Manufactured Home/Land and Construction/Permanent)

ProductMax. TermInterest RateAPR*Payment per $1,000.00
1 Yr. ARM**30 Yrs.2.750%4.664%$4.08
3 Yr. ARM**30 Yrs.3.250%4.955%$4.35
5/1 Yr. ARM**30 Yrs.3.250%4.282%$4.35
10/1 Yr. ARM**15 Yrs.3.500%3.733%$7.15
10/1 Yr. ARM**30 Yrs.3.625%4.122%$4.56
Fixed Rate10 Yrs.3.500%3.655%$9.89
Fixed Rate15 Yrs.3.500%3.608%$7.15
Fixed Rate20 Yrs.4.000%4.087%$6.06
Fixed Rate30 Yrs.4.500%4.567%$5.07

Maximum Loan-To-Value for Primary Residence and Second Homes = 90%
Maximum Loan-To-Value for Manufactured Home/Land = 80%
Maximum Loan-To-Value for Construction-Permanent Loans = 80%

Payments do not include amounts for taxes and insurance premiums, if applicable.


Residential Investment Properties and Unimproved Lots

ProductMax. TermInterest RateAPR*Payment per $1,000.00
Residential Investment Properties:
1 Yr. ARM**30 Yrs.4.000%5.235%$4.77
3 Yr. ARM**30 Yrs.4.000%5.526%$4.77
Unimproved Lots:
1 Yr. ARM**20 Yrs.4.000%5.223%$6.06
3 Yr. ARM**20 Yrs.4.000%5.404%$6.06
5/1 Yr. ARM**20 Yrs.4.250%4.873%$6.19

Maximum Loan-To-Value for Residential Investment Properties = 80%
Maximum Loan-To-Value for Lot Loans = 75%

*Monthly loan payment per $1,000 borrowed is based on the interest rate and maximum loan term quoted for each loan product.
Annual Percentage Rate is based on the index for the week of: May 27, 2022

**The interest rate on Adjustable Rate Mortgage (ARM) loans may increase after the loan has been consummated. For more information describing the features of Adjustable Rate Mortgages, please contact your nearest branch office or e-mail.

½ Point charged on All Construction/Permanent Loans. Inspection fees are required on construction loans.

Subject to Credit Approval.

The interest rates quoted are subject to revision without prior written notice.

Single Wide Manufactured Home/Land Loan Financing - Refer to the Single Wide Manufactured Home and Land Loan Rates

Manufactured Home Only Loan Financing Available

Commercial Loan Financing Available - Call for more information.


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First Shore Federal | 106 S. Division St., Salisbury MD 21801 | 410-546-1101
Equal Housing LenderFDIC