Loan Rates
| Mortgage Loans | Home Equity Loans | Auto Loans |
| Investment/Commercial Real Estate Loans | Construction and Bridge Loans | Signature Loans |
*Annual percentage rates as of January 6, 2009 are not guaranteed and are subject to change without notice. Restrictions apply. Subject to credit analysis.
Mortgage Loans
| Term |
Rate (APR*) |
| 15 year |
4.750% |
| 30 years |
5.000% |
- Rate based on $100,000 loan with 10% down payment
- Based on $100,000 loan with 10% down payment, 30 year term (fully amortized) at 5.000%, the monthly principal and interest payment is $537.
- Mortgage loan rates subject to change without notice
- Mortgage loan rates are subject to credit report and approval
- Restrictions apply
- Please contact Scott Williamson at 323-6521 for more details
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Home Equity Loans
| Term |
Rate (APR*) |
| 3 years |
6.50% |
| 4 years |
7.00% |
| 5 years |
7.25% |
| 10 years |
7.75% |
- Home Equity Lines of Credit also available
- Minimum loan amount of $5,000.00
- Rates above based on auto debit from WGB checking. Rates are ¼% higher for loans without auto debit.
- Maximum amortization period of 20 years with loan-to-values up to 95%
- Based on a loan amount of $10,000 for 5 years (fully amortized) at 7.25%, the monthly principal and interest payment is $199.19
- Closing costs (title search and filing fees, doc prep. fee): varies
- Rates on loan/line amounts greater than $50,000 may vary
- Please contact a branch manager at 434-3456 for more details
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Auto Loans
| Year |
Term |
Rate (APR*) |
| New, 2008 |
36 months |
6.50% |
| |
48 months |
7.00% |
| |
60 months |
7.50% |
| 2007, 2006 |
36 months |
7.50% |
| |
48 months |
7.75% |
| 2005 |
36 months |
7.75% |
| |
48 months |
8.00% |
| 2004 |
36 months |
9.50% |
| 2003 & Older |
36 months |
11.00% - 15.00% |
- Rates above based on auto debit from WGB checking. Rates are ¼% higher for loans without auto debit.
- Based on a loan amount of $10,000 for 5 years (fully amortized) at 7.50%, the monthly principal and interest payment is $200.37
- Minimum amount $5,000
- Lower of 10% down on purchase price or Blue Book Wholesale Value
- Please contact a branch manager at 434-3456 for more details
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Investment/Commercial Real Estate Loans
West Gate Bank offers competitive rates and a variety of investment and commercial real estate loan programs For current rates, please contact Dan Walker, Grant Carter, Al Harvey, or Darcie Ross at 434-3456 - Up to 80% loan-to-value
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Construction and Bridge Loans
- West Gate Bank offers competitive rates on construction and bridge loans
- For current rates, please contact Dan Walker at 434-3473 or Grant Carter at 323-8953
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Signature Loans
For a rate quote, please contact a banker at 434-3456 Approval subject to satisfactory credit history and sufficient income verification
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Equal Housing Lender