Buyers Choice Program

High Point Bank wants to help you buy a home with our limited time special Buyer’s Choice Program. This new special program provides attractive pricing and flexible loan options to qualified buyers.

Available Homes and Home Sites (click here)

Lot Financing: up to 3 years interest-only

Example:
- Assume a purchase price of $50,000 , with a 5% down payment of $2,500, the loan amount will be $47,500
- Current interest rate of 4.75% (4.8% APR) fixed for three years
- Monthly interest-only payments will be $188.02

Purchase of Family Spec Home/Office Condo: 10 year balloon* with 30 year amortization. No origination fee.

Example:
- Assume purchase price of $200,000, with a 5% down payment of $10,000, the loan amount will be $190,000
- Current interest rate of 4.75% (4.75% APR) fixed for 10 years
- Monthly payment will be $998.70 with a balloon payment of $153,685.75 after 10 years.

Conventional Mortgage Loans: Conventional loans are available up to 30 years. High Point Bank will waive the origination fee.

For more information on this special program please contact Connie Cody at 336-881-3218.

Buyers Choice rates are available to qualified buyers, and are subject to change without notice. Qualified borrowers will be subject to standard Bank underwriting. Special terms outlined in the Buyer’s Choice Program are effective until July 31, 2010. After July 31, 2010, terms are subject to change and termination by the Bank at the sole discretion of the Bank without notice. Payments do not include taxes and insurance.
*If you only make minimum monthly payments a balloon payment will result at the end of the first 10 years.