Mortgage Loan Rates


Effective as of 07/28/2010

(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
Points Rate Annual Percentage Rate* Cost per $1000**
30 Yr Fixed 2 PTS. 4.125% 4.35% 4.85
1 PT. 4.250% 4.39% 4.92
0 PTS. 4.375% 4.43% 5.00
20 Yr Fixed 2 PTS. 4.125% 4.43% 6.13
1 PT. 4.250% 4.45% 6.20
0 PTS. 4.375% 4.45% 6.26
15 Yr Fixed 2PTS. 3.750% 4.15% 7.28
1PTS. 3.875% 4.12% 7.34
0 PTS. 4.000% 4.10% 7.40
Loan amounts up to $417,000        
*APR based on a 20% minimum downpayment        
**Cost per $1000 does not include taxes or insurance.        

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
Points Rate Annual Percentage Rate* Cost per $1000**
30 YR Fixed 0 PTS. 5.000% 5.06% 5.37
20 YR Fixed 0 PTS. 5.000% 5.07% 6.60
15 YR Fixed 0 PTS. 4.250% 4.34% 7.53
Servicing Retained, No Escrows Required; No Secondary Market Fees        
Single Family Primary Residence, Max LTV 80%, Condos Max LTV 75%, Min. 720 Credit Score        
Loan amounts up to $417,000        
*APR based on a 20% minimum downpayment        
**Cost per $1000 does not include taxes or insurance.        

Portfolio Gold Jumbo Mortgages
Points Rate Annual Percentage Rate* Cost per $1000**
30 Yr Fixed 0 PTS 5.500% 5.52% 5.68
15 Yr Fixed 0 PTS 5.250% 5.29% 8.04
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        
*APR based on a minimum 20% downpayment        
**Cost per $1000 does not include taxes or insurance.        

Adjustable Rate Mortgages
Points Rate Annual Percentage Rate* Cost per $1000**
10/1 ARM* 0 PTS. 4.750% 4.14% 5.21
For the initial 120 payments the cost per $1000 is $5.22, for the remaining 240 payments, based on today's index and the margin, the new rate would then be 3.00% and the cost per $1000 would be $4.47.        
7/1 ARM* 0 PTS. 4.500% 3.75% 5.06
For the initial 84 payments the cost per $1000 is $5.06, for the remaining 276 payments, based on today's index and the margin, the new rate would then be 3.00% and the cost per $1000 would be $4.37.        
5/1 ARM* 0 PTS. 3.750% 3.30% 4.63
For the initial 60 payments the cost per $1000 is $4.63, for the remaining 300 payments, based on today's index and the margin, the new rate would then be 3.000% and the cost per $1000 would be $4.27.        
* Annual Percentage Rate (APR) based on a 30 year term with a minimum 20% downpayment. APR may increase after consummation.        
Loan amounts up to $417,000        
Index used is WSJ 1YR T-Bill, Margin 2.75%, Caps are 2/6        
**Cost per $1000 does not include taxes or insurance.        

MassHousing Mortgage
Purchase/No Cash Out Refi Points Rate Annual Percentage Rate* Cost per $1000**
30 YR Fixed 0 PTS 4.625% 4.69% 5.15
95.01-97% Min. Score 680; 80.1-95% Min. Score 660 Servicing Released      
LTVs over 80% require Mortgage Insurance, SF Owner Occupied dwellings, Income Limits Must escrow Taxes & Insurance      
First Time Home Buyers must complete Home Buyer Counseling & submit 3 yrs. of tax returns *APR based on 20% down      
**Cost per $1000 does not include taxes or insurance.        

First Time Homebuyer Loans
Points Rate Annual Percentage Rate* Cost per $1000**
7/1 ARM* 0 PTS 4.500% 3.68% 5.07
No Income Limitation; caps of 2/6 margin 2.625%; maximum loan amt. $417,000; reduced closing costs; flexible qualifying ratios      
For the initial 84 payments the cost per $1000 is $5.07, then for 12 mos the cost per thousand would be $4.60, for the remaining 264 payments, based on today's index and the margin, the new rate would then be 2.875% and the cost per $1000 would be $4.33        
5/1 ARM* 0 PTS 3.750% 3.14% 4.63
No Income Limitation; caps of 1/6 margin 2.50%; maximum loan amt. $417,000; reduced closing costs; flexible qualifying ratios      
For the initial 60 payments the cost per $1000 is $4.63, for the remaining 300 payments, based on today's index and the margin, the new rate would then be 2.75% and the cost per $1000 would be $4.16.        
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.        
Index used is WSJ 1YR T-Bill        
**Cost per $1000 does not include taxes or insurance.        

Permanent Construction
Points Rate Annual Percentage Rate* Cost per $1000**
30 Yr Fixed 0 PTS 5.750% 5.83% 5.84
Offered only in FoxFed's assessment area. Loan amounts up to $417,000        
*APR is based on a minimum 20% downpayment        
**Cost per $1000 does not include taxes or insurance.        



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