Rates

Mortgage Rates

Product Term Maximum Amount Rates APR Points Payment
30 Year Fixed* 30 Years $484,350 3.625% 3.689% 0% $1,026.12
20 Year Fixed* 20 Years $484,350 3.50% 3.588% 0% $1,304.91
15 Year Fixed* 15 Years $484,350 3.125% 3.238% 0% $1,567.37
30 Year Fixed Jumbo* 30 Years $1,000,000 3.625% 3.649% 0% $2,736.31
Effective 11/15/2019
Product Term Maximum Amount Rates APR Points Payment
3/1 Adjustable Rate Mortgage* 30 Years $1,500,000 3.375% 5.069% 0% $994.72
5/1 Adjustable Rate Mortgage** 30 Years $1,500,000 3.625% 4.793% 0% $1,026.12
7/1 Adjustable Rate Mortgage*** 30 Years $1,500,000 3.875% 4.817% 0% $1,058.03

*At a 3.375% initial interest rate, the APR for this loan type is 5.069%, subject to increase. Based on current market conditions, the payment schedule would be:

  • 36 payments of $994.72 at an interest rate of 3.375%
  • 323 payments of $1237.30 at an interest rate of 5.375%
  • 1 payment of $1238.51 at an interest rate of 5.375%

**At a 3.625% initial interest rate, the APR for this loan type is 4.793%, subject to increase. Based on current market conditions, the payment schedule would be:

  • 60 payments of $1026.12 at an interest rate of 3.625%
  • 299 payments of $1226.93 at an interest rate of 5.375%
  • 1 payment of $1228.02 at an interest rate of 5.375%
 

***At a 3.875% initial interest rate, the APR for this loan type is 4.714%, subject to increase. Based on current market conditions, the payment schedule would be:

  • 84 payments of $1058.03 at an interest rate of 3.875%
  • 275 payments of $1220.23 at an interest rate of 5.375%
  • 1 payment of $1219.92 at an interest rate of 5.375%

Mass Housing Mortgages
Effective 09/24/2019

Product Term Maximum Amount Rate APR Points Payment
30 Year Fixed 30 Years $484,350 3.75% 3.814% 0 $1,042.01
30 Year Fixed with NO MI 30 Years $484,350 4.875% 4.943 0 $1,190.72
Operation Welcome Home* 30 Years $484,350 3.75% 3.814% 0 $1,042.01

*Available to Reservists, Members of the National Guard, Active Duty Military, and Veterans.

The MassHousing mortgage is available for the purchase or refinance of owner-occupied one to four family properties, including condominiums.  Borrowers must meet all Mass Housing guidelines including income and loan limits.

APR= Annual Percentage Rate 

Rates and points shown are for members with the best credit profile. Other rates and points are available based on credit history and appraisal. Different rates may apply for cash out refinances. 10 year Fixed Rates also available. The payments listed above do not include amounts for taxes and insurance.  

*The information provided assumes the purpose of the loan is to purchase a property, with a loan amount of $225,000 and an estimated property value of $300,000(25% downpayment). The 30 year fixed jumbo loans assumes the purpose of the loan is to purchase a property, with a loan amount of $600,000 and an estimated property value of $800,000 (25% downpayment). The property is located in MA and is within Middlesex County. The property is a new single family home and will be used as a primary residence. An escrow (impound) account is required. The assumed credit score is 740. The rate lock period is 45 days. If an escrow account is required or requested, the actual monthly payment will also include amounts for real estate taxes. *No Points No Closing Costs (NPNC) Options: Please contact a Mortgage Originator for a personalized quote. Loan must be used to purchase a home (primary residence or vacation home). Minimum loan amount is $150,000. Auto-matic payment from an ALIGN account is required on all NPNC loans. Cost of appraisal and mortgage discharge fees may be required. Not available on Jumbo mortgages.