Promotional Rate
240 Month Adjustable Rate Owner Occupied Small Business Real Estate Loan
Offer is based upon loans $50,000 to $1,000,000 and subject to credit approval. Offer applies to owner-occupied real estate. For this Five Year Reprice Loan, the rate for the first 5 years will be 5.99%. The loan will then reprice every 5 years to the 5-year FHLB Bullet Rate plus a margin of 3.50%. In order to receive the offered rate, a direct debit of a loan payment from a First Commonwealth Bank business checking account is required, otherwise borrower will receive the standard rate. If the loan payment direct debit is canceled during the term of the loan, the rate will increase 1.00%. Typical loan payment example is as follows: if you borrow $50,000 secured by an owner-occupied real estate property with a 5 year reprice, 20-year amortization at 5.99% APR, the monthly payment would be $360.33 for the first 5 years. Origination fee of 0.50% of the loan amount will be charged. Additional fees and closing costs, such as property insurance, flood insurance and/or appraisal may apply. SBA Guaranteed loans, construction mortgages and refinancing of existing First Commonwealth Bank loans are not eligible for the offer. Offer valid for applications April 1 through September 30, 2025. Loans must close by December 31, 2025. Other rates and terms are available. Offer subject to change or withdrawal at any time.