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Mortgage Loan Rates
Effective: As of 11/16/2004
(APR defined as Annual Percentage Rate; is subject to change without notice. Customers must live within our
Lending Area to qualify.)
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Minimum Down |
Points |
Nominal Percentage Rate |
Annual Percentage Rate |
First Mortgage Loans
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30 Year Fixed Rate |
20% |
2 PTS. |
5.250% |
5.45% |
| |
20% |
1 PT. |
5.500% |
5.62% |
| |
20% |
0 PTS. |
5.625%* |
5.65% |
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20 Year Fixed Rate |
20% |
2 PTS. |
5.000% |
5.27% |
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20% |
1 PT. |
5.250% |
5.40% |
| |
20% |
0 PTS. |
5.375% |
5.41% |
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15 Year Fixed Rate |
20% |
2 PTS. |
4.500% |
4.84% |
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20% |
1 PT. |
4.750% |
4.94% |
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20% |
0 PTS. |
5.000% |
5.04% |
10/1 ARM |
20% |
1 PT. |
5.000% |
5.20% |
| |
20% |
0 PTS. |
5.250% |
5.27% |
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7/1 ARM |
20% |
1 PTS. |
4.625% |
5.05% |
5/1 ARM |
20% |
1 PT. |
4.125% |
4.93% |
| |
20% |
0 PTS. |
4.375% |
4.94% |
3/1 ARM |
20% |
1 PT. |
3.625% |
4.96% |
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20% |
0 PTS. |
3.875% |
4.84% |
1 Year ARM |
20% |
0 PT. |
2.990% |
4.94% |
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First Time Homebuyer Loans |
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1 Year ARM |
5% down, no points; Income Limit - $45,600; caps of 1/6 margin 2.375%; maximum loan amt. $333,700; reduced closing costs; cost per $1,000 borrowed = $4.94 |
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5% |
W/PMI |
2.99% |
5.32% |
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5/1 ARM |
5% down, no points; No Income Limitation; caps of 1/6 margin 2.625%; maximum loan amt. $333,700; reduced closing costs; 3% earnest money/2% gift downpayment; flexible qualifying ratios; cost per $1,000 borrowed = $5.64 |
| |
5% |
W/PMI |
4.375% |
5.45% |
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Jumbo Mortgages |
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30 Year Fixed Rate |
Cost per $1,000 borrowed for the No PTS = $6.00 |
| |
20% |
1 PT. |
5.750% |
5.85% |
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20% |
0 PTS. |
6.000% |
6.01% |
Permanent Construction |
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30 Year Fixed Rate |
Offered only in MA-Norfolk and Bristol Counties. Cost per $1,000 borrowed = $6.00 |
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20% |
0 PTS. |
6.000% |
6.08% |
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*Cost per $1,000 borrowed for above 30YR fixed = $5.76
**Posted rates are Servicing Released programs. Borrowers must escrow Taxes and Homeowners Ins.
*** Posted rates are for detached single family owner occupied properties.
**** Additional loan programs available |
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