Mortgage Rates

Effective Date: Wednesday, December 13, 2017

ProgramInterest RatePointsAPRMonthly Payments per $1000 borrowed
*3/1 Adjustable Rate
(caps 2/6 / Repayment Schedule based on 30 years)
2.875%04.077%36 payments of $4.15
Fully Indexed Rate4.375%0324 payments of $4.92
*5/1 Adjustable Rate
(caps 2/6 / Repayment Schedule based on 30 years)
3.000%03.929%60 payments of $4.22
Fully Indexed Rate4.375%0300 payments of $4.88
*7/1 Adjustable Rate
(caps 2/6 / Repayment Schedule based on 30 years)
3.500%04.007%84 payments of $4.49
Fully Indexed Rate4.375%0276 Payments of $4.89
*10/1 Adjustable Rate
(caps 2/6 Repayment Schedule based on 30 years)
4.250%04.344%120 payments of $4.92
Floor4.375%0240 payments of $4.97
15 Year Fixed Rate
Please call us for more information
3.500%03.584%180 payments of $7.15
30 Year Fixed Rate
Please call us for more information
4.060%04.108%360 payments of $4.81

Annual Percentage Rate (APR) effective December 7, 2017 and subject to change without notice. All APR's are calculated based on $250,000 loan for owner occupied single family dwelling (1 Family) with 20% down payment and no points. APR's will be slightly higher on 2,3 or 4 family owner occupied dwellings; however will have the same interest rate as single family dwellings. Fixed rates are also based on Loan to Value and Credit Scores. For fixed rates on 2-4 family dwellings, please contact us at 617-381-3615 or 617-381-3616. Rates on Adjustable Rate Mortgages are fixed for the first 3,5,7 or 10 years; then adjust annually at 2.75% above the weekly average yield on the U.S. Treasury Index adjusted to a constant maturity of 1 year. Caps on 3,5,7 and 10 year Adjustable Rate Mortgages are 2/6. All rates on Adjustable Rate Mortgages are subject to increase after consummation of the loan. Our 10/1 adjustable rate mortgages have a floor of 4.25%, 7/1 adjustable rate mortgages have a floor of 3.500, 5/1 adjustable rate mortgages have a floor of 3.00% and 3/1 adjustable rate mortgages have a floor of 2.875%. These payments do not include taxes and insurance, therefore, the actual payment obligation may be greater.

*Rates will increase .25% if consumer elects not to have automatic deduction from checking account. Restrictions apply for minimum credit score, maximum loan-to-value ratio, debt ratio, household income and loan amount, and other credit underwriting factors. 

 

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For more information call us at 617-387-1110.

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