RESIDENTIAL REAL ESTATE LOANS FOR 1-4 FAMILY DWELLINGS Rates are effective as of Feb 4, 2012 . All rates are updated daily and are subject to change. |
| Fixed Rate Loans | |||||||||||
| Payments shown do not include taxes or insurance. Your payment may be greater. | |||||||||||
| Owner Occupied or Second Home | |||||||||||
| 15 Year Fixed Rate - Zero Points | 3.375% | 3.463% | $7.08 | 180 | |||||||
| 20 Year Fixed Rate - Zero Points | 3.875% | 3.945% | $5.99 | 240 | |||||||
| 30 Year Fixed Rate - Zero Points | 4.000% | 4.050% | $4.77 | 360 | |||||||
| All rates subject to change. CALL 866-823-6887 for most current mortgage rates. Payments and rates based on a 20% downpayment and no PMI (Private Mortgage Insurance) Maximum loan is $417,000. See jumbo rates above this amount. See notes below. | |||||||||||
| Jumbo Owner Occupied ($417,000 - $1,000,000) | |||||||||||
| 15 Year Fixed Rate - Zero Points | 3.750% | 3.771% | $7.27 | 180 | |||||||
| 20 Year Fixed Rate - Zero Points | 4.125% | 4.142% | $6.12 | 240 | |||||||
| 30 Year Fixed Rate - Zero Points | 4.250% | 4.262% | $4.91 | 360 | |||||||
| Non-Owner Occupied / Investment Property | |||||||||||
| 15 Year Fixed - Zero Points | 5.750% | 5.845% | 180 | ||||||||
| Adjustable Rate Loans * | |||||||||||
| Payments shown do not include taxes or insurance. Your payment may be greater. | |||||||||||
| Owner Occupied or Second Home | |||||||||||
| 3/1 Adjustable* Zero Points x30 years |
2.875% 1 2.875% |
2.922% | $4.14 1 $4.14 2 |
36
1 324 2 | |||||||
| 5/1 Adjustable* Zero Points x30 years |
3.000% 1 2.875% |
2.965% | $4.21 1 $4.15 2 |
60
1 300 2 | |||||||
| 10/1 Adjustable* Zero Points x30 years |
3.875% 1 2.875% |
3.538% | $4.70 1 $4.30 2 |
120
1 240 2 | |||||||
| Construction Loan - 1 Point x30 years (1 Year Construction Phase) |
6.500% | 7.576% | $6.32 | 360 | |||||||
| Jumbo Owner Occupied ($417,000 - $1,000,000) | |||||||||||
| 5/1 Adjustable* Zero Points x30 years |
3.500% 1 2.875% |
3.103% | $4.49 1 $4.19 2 |
60
1 300 2 | |||||||
| 10/1 Adjustable* Zero Points x30 years |
4.000% 1 2.875% |
3.578% | $4.77 1 $4.32 2 |
120
1 240 2 | |||||||
| 1 - Base loan rate and base monthly payment | |||||||||||
| 2 - Monthly payment based on fully indexed rate | |||||||||||
| * | Payments and rates base on a 20% down payment and no PMI (Private Mortgage Insurance) amortized for the full term. Rate may change after the account is opened. | ||||||||||
| Non-owner Occupied / Investment Property | |||||||||||
| 1 Year Adjustable* Zero Points | 5.250% | 3.105% | |||||||||
| 3/1 Adjustable* Zero Points | 5.375% | 3.484% | |||||||||
| 5/1 Adjustable* Zero Points | 5.500% | 3.870% | |||||||||
| Construction Loan - 1 Point 1 year term |
7.000% | 8.081% | |||||||||
| * | Rate may change after the account is opened. | ||||||||||
| First Time Home Buyer (Owner Occupied) | |||||||||||
| Payments shown do not include taxes or insurance. Your payment may be greater. | |||||||||||
| 5/1 Adjustable* Zero Points (First Time Buyer) x30 years | 2.875% 1 2.875% |
2.922% | $4.14 1 $4.14 2 |
60
1 300 2 | |||||||
| * | Payments and rates based on a 20% downpayment and no PMI (Private Mortgage Insurance). Rate may change after the account is opened. | ||||||||||
| Second Mortgages | |||||||||||
| Home Equity Loans (Owner Occupied)(Fixed Rate) | |||||||||||
| 5 Year Fixed | 3.990% | 3.990% | $18.41 | 60 | |||||||
| 10 Year Fixed | 4.250% | 4.250% | $10.24 | 120 | |||||||
| 15 Year Fixed | 4.990% | 4.990% | $7.90 | 180 | |||||||
| 20 Year Fixed | 5.500% | 5.500% | $6.87 | 240 | |||||||
| Home Equity Loans range from $10,000 to $200,000. The loan to value (LTV) ratio is a maximum of 75%. The quoted rate assumes autodebit payment, all others must add 1/2% to the quoted rates. | |||||||||||
| Home Equity Lines of Credit (Variable Rate) | |||||||||||
| Owner Occupied + | 2.990% | 2.990% | N/A | N/A | |||||||
| Non-Owner Occupied - | 4.250% | 4.250% | N/A | N/A | |||||||
| + | The annual percentage rate (APR) for owner occupied 1-4 family and second homes in Massachusetts is variable and based on the Prime Rate minus .50% as published in the Wall Street Journal as of the last business day of the month effective with the first business day of the following month. Prime was 3.25% APR as of the date listed at the top of this page. Minimum line amount $10,000. Maximum line amount $500,000. Lines have a 10 year draw period followed by a 10 year repayment period. Loan to value not to exceed 75%. Property insurance required. The quoted rate assumes autodebit payment, all others must add 1/2% to the quoted rates (Prime + .50%). The APR will not exceed 18% and will not go below 2.990%. | ||||||||||
| - | The annual percentage rate (APR) for non owner occupied 1-4 family homes in Massachusetts is variable and based on the Prime Rate plus 1.00% as published in the Wall Street Journal as of the last business day of the month effective with the first business day of the following month. Prime was 3.25% APR as of the date listed at the top of this page. Minimum line amount $10,000. Maximum line amount $500,000. Lines have a 10 year draw period followed by a 10 year repayment period. Loan to value not to exceed 75%. You must pay certain fees to third parties such as appraisers, credit reporting firms and government agencies ranging from $300-$794. Property insurance required. The quoted rate assumes autodebit payment, all others must add 1/2% to the quoted rates (Prime + 1.50%). The APR will not exceed 18% and will not go below 2.990%. | ||||||||||
| NOTES: | |||||||||||
| All mortgage rates are in effect at the time of issuance and are subject to change at any time without notice. | |||||||||||
| PMI (Private Mortgage Insurance) is required for all loans with down payments of less than 20%. Mortgages for Second Homes require a 20% down payment. | |||||||||||
| Call 866-823-6887 for details on how to lock mortgage rates and information on possible rate adjustments. | |||||||||||
| All above rates are for new borrowers to the bank. | |||||||||||
| generated: 18:43:46, Sat Feb 4, 2012 | |||||||||||