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Mortgage Loan Rates
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Effective as of 02/03/2012
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(APR defined as Annual Percentage Rate; May vary and is subject to change without notice. Customers must live
within our Lending Area to qualify.)
Fixed Mortgage Loans
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Points |
Rate |
Annual Percentage Rate* |
Cost per $1000** |
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30 Yr Fixed |
2 PTS. |
3.500% |
3.74% |
4.49 |
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1 PT. |
3.625% |
3.78% |
4.56 |
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0 PTS. |
3.750% |
3.83% |
4.64 |
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20 Yr Fixed |
2 PTS. |
3.375% |
3.71% |
5.74 |
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1 PT. |
3.500% |
3.72% |
5.80 |
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0 PTS. |
3.750% |
3.86% |
5.93 |
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15 Yr Fixed |
2PTS. |
2.750% |
3.14% |
6.79 |
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1PTS. |
2.875% |
3.12% |
6.85 |
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0 PTS. |
3.000% |
3.10% |
6.91 |
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Loan amounts up to $417,000 |
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*APR based on a 20% minimum downpayment |
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**Cost per $1000 does not include taxes or insurance; if escrows were to be required, the actual payment would be greater. |
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Above posted rates are for single family owner occupied properties; offered only as Servicing Released; borrowers must escrow taxes and homeowners insurance.
Other mortgage programs are available; please call 1-877-369-3331 for further assistance.
Portfolio Gold Mortgage
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Points |
Rate |
Annual Percentage Rate* |
Cost per $1000** |
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30 YR Fixed |
0 PTS. |
4.750% |
4.81% |
5.22 |
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20 YR Fixed |
0 PTS. |
4.625% |
4.70% |
6.40 |
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15 YR Fixed |
0 PTS. |
3.375% |
3.47% |
7.09 |
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10 YR Fixed |
0 PTS. |
3.250% |
3.39% |
9.78 |
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Servicing Retained, No Escrows Required; No Secondary Market Fees |
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Single Family Primary Residence, Max LTV 80%, Condos Max LTV 75%, Min. 720 Credit Score |
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Loan amounts up to $417,000 |
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**Cost per $1000 does not include taxes or insurance; if escrows were to be required, the actual payment would be greater. |
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*APR based on a 20% minimum downpayment |
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Portfolio Gold Jumbo Mortgages
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Points |
Rate |
Annual Percentage Rate* |
Cost per $1000** |
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30 Yr Fixed |
0 PTS |
4.875% |
4.90% |
5.29 |
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15 Yr Fixed |
0 PTS |
4.250% |
4.29% |
7.53 |
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10 Yr Fixed |
0 PTS |
4.125% |
4.18% |
10.19 |
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Min. Credit Score 740, Loan amounts $417,000 - $749,999 max LTV 85% w/PMI; loan amounts $750,000-$1,000,000 max LTV is 70%, Single family o/o only |
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*APR based on a minimum 20% downpayment |
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**Cost per $1000 does not include taxes or insurance; if escrows were to be required, the actual payment would be greater. |
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Adjustable Rate Mortgages
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Points |
Rate |
Annual Percentage Rate* |
Cost per $1000** |
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10/1 ARM* |
0 PTS. |
3.500% |
3.30% |
4.49 |
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For the initial 120 payments the cost per $1000 is $4.42, for the remaining 240 payments, based on today's index and the margin, the new rate would then be 2.875% and the cost per $1000 would be $4.23 |
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7/1 ARM* |
0 PTS. |
3.250% |
3.09% |
4.36 |
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For the initial 84 payments the cost per $1000 is $4.36, for the remaining 276 payments, based on today's index and the margin, the new rate would then be 2.875% and the cost per $1000 would be $4.19 |
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5/1 ARM* |
0 PTS. |
2.990% |
2.96% |
4.21 |
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For the initial 60 payments the cost per $1000 is $4.22, for the remaining 300 payments, based on today's index and the margin, the new rate would then be 2.875% and the cost per $1000 would be $4.16 |
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* Annual Percentage Rate (APR) based on a 30 year term with a minimum 20% downpayment. APR may increase after consummation. |
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Loan amounts up to $417,000 |
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Index used is WSJ 1YR T-Bill, Margin 2.75%, Caps are 2/6 |
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**Cost per $1000 does not include taxes or insurance; if escrows were to be required, the actual payment would be greater. |
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MassHousing Mortgage
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Purchase/No Cash Out Refi |
Points |
Rate |
Annual Percentage Rate* |
Cost per $1000** |
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30 YR Fixed |
0 PTS |
4.000% |
4.06% |
4.78 |
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95.01-97% Min. Score 680; 80.1-95% Min. Score 660 |
Servicing Released |
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LTVs over 80% require Mortgage Insurance, SF Owner Occupied dwellings, Income Limits |
Must escrow Taxes & Insurance |
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First Time Home Buyers must complete Home Buyer Counseling & submit 3 yrs. of tax returns |
*APR based on 20% down |
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**Cost per $1000 does not include taxes or insurance; if escrows were to be required, the actual payment would be greater. |
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First Time Homebuyer Loans
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Points |
Rate |
Annual Percentage Rate* |
Cost per $1000** |
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7/1 ARM* |
0 PTS |
3.250% |
3.02% |
4.36 |
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No Income Limitation; caps of 2/6 margin 2.625%; maximum loan amt. $417,000; reduced closing costs; flexible qualifying ratios |
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For the initial 84 payments the cost per $1000 is $4.36, then for the remaining 276 payments, based on today's index and the margin, the new rate would then be 2.75% and the cost per $1000 would be $4.14 |
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5/1 ARM* |
0 PTS |
2.990% |
2.79% |
4.21 |
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No Income Limitation; caps of 1/6 margin 2.50%; maximum loan amt. $417,000; reduced closing costs; flexible qualifying ratios |
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For the initial 60 payments the cost per $1000 is $4.22, for the remaining 300 payments, based on today's index and the margin, the new rate would then be 2.625% and the cost per $1000 would be $4.05 |
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All loans with LTV's over 80% requires Mortgage Insurance. *Annual Percentage Rate (APR) based on a 30 year term with 20% down payment. APR may increase after consummation. |
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Index used is WSJ 1YR T-Bill |
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**Cost per $1000 does not include taxes or insurance; if escrows were to be required, the actual payment would be greater. |
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Permanent Construction
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Points |
Rate |
Annual Percentage Rate* |
Cost per $1000** |
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30 Yr Fixed |
0 PTS |
5.125% |
5.28% |
5.45 |
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Offered only in FoxFed's assessment area. Loan amounts up to $417,000 |
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*APR is based on a minimum 20% downpayment |
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**Cost per $1000 does not include taxes or insurance; if escrows were to be required, the actual payment would be greater. |
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Equal
Housing Lender