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Mortgage Loan Rates
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Effective as of 08/27/2008
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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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Minimum Down |
Points |
Rate |
Annual Percentage Rate |
|
40 Yr Fixed |
20% |
.125 PTS. |
6.625% |
6.68% |
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30 Yr Fixed |
20% |
2 PTS. |
5.875% |
6.11% |
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20% |
1 PT. |
6.125% |
6.27% |
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|
20% |
0 PTS. |
6.375% (A) |
6.43% |
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20 Yr Fixed |
20% |
2 PTS. |
5.750% |
6.07% |
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20% |
1 PT. |
5.875% |
6.06% |
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20% |
0 PTS. |
6.125% |
6.19% |
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15 Yr Fixed |
20% |
2 PTS. |
5.250% |
5.64% |
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|
20% |
1 PT. |
5.500% |
5.74% |
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20% |
0 PTS. |
5.750% |
5.83% |
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Int. Only 10/20 |
20% |
0 PTS. |
6.625% |
6.69% |
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(A) Cost per $1,000 borrowed for above 30YR fixed = $6.23 loans up to $417,000 |
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Portfolio Gold Mortgage
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Minimum Down |
Points |
Rate |
Annual Percentage Rate |
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30 YR Fixed |
20% |
0 PTS |
6.375% (A) |
6.41% |
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20 YR Fixed |
20% |
0 PTS |
6.125% |
6.16% |
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15 YR Fixed |
20% |
0 PTS |
5.750% |
5.80% |
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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 700 Credit Score |
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(A) Cost per $1,000 borrowed for above 30 YR fixed = $6.23; loans up to $417,000 |
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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.
Adjustable Rate Mortgages
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Minimum Down |
Points |
Rate |
Annual Percentage Rate |
|
10/1 ARM* |
20% |
0 PTS. |
6.250% |
5.79% |
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7/1 ARM* |
20% |
0 PTS. |
6.000%(A) |
5.46% |
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5/1 ARM* |
20% |
0 PTS. |
5.625% |
5.18% |
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3/1 ARM* |
20% |
0 PTS. |
5.625% |
5.07% |
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* Annual Percentage Rate (APR) based on a 30 year term. APR may increase after consummation. |
(A)Cost per $1,000 borrowed for above 7/1 ARM = $5.99; loan amounts up to $417,000 |
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First Time Homebuyer Loans
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Minimum Down |
Points |
Rate |
Annual Percentage Rate |
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MassAdvantage Low Fixed Rate |
3% |
0 PTS |
6.500% (B) |
6.53% |
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MassAdvantage Fixed Rate |
3% |
0 PTS |
6.750% |
6.78% |
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MassHousing/MyCommunity |
5% |
0 PTS |
7.000% |
7.04% |
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MassAdvantage & MyCommunity Loans have income and purchase limits.All loans with LTV's over 80% requires Mortgage Insurance. *Annual Percentage Rate (APR) based on a 30 year term with 20% down payment. (B) Cost per $1,000 borrowed= $6.32 |
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7/1 ARM* |
5% |
0 PTS |
6.000% |
5.39% |
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No points; No Income Limitation; caps of 2/6 margin 2.625%; maximum loan amt. $417,000; reduced closing costs; flexible qualifying ratios; cost per $1,000 borrowed = $5.99 |
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5/1 ARM* |
5% |
0 PTS |
5.625% |
5.02% |
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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. |
No points; No Income Limitation; caps of 1/6 margin 2.50%; maximum loan amt. $417,000; reduced closing costs; flexible qualifying ratios; cost per $1,000 borrowed = $5.83 |
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Portfolio Gold Jumbo Mortgages
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Minimum Down |
Points |
Rate |
Annual Percentage Rate |
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30 Yr Fixed |
20% |
0 PTS |
6.500% (C) |
6.51% |
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15 Yr Fixed |
20% |
0 PTS |
5.875% |
5.89% |
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Min. Credit Score 720, (C) Cost per $1,000 borrowed for the No PTS = $6.32 If loan amount is over $750,000 max LTV is 75%, Single family only |
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Permanent Construction
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Minimum Down |
Points |
Rate |
Annual Percentage Rate |
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30 Yr Fixed |
20% |
0 PTS |
6.750% |
6.79% |
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Offered only in MA-Norfolk and Bristol Counties.Loan amounts up to $417,000. Cost per $1,000 borrowed = $6.41 |
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Equal
Housing Lender