|types of Mortgage loans||mortgage Interest Rate/Fully Indexed Rate||Max term/Months||Points||CAPS||Annual Percentage Rate||Payment per $10K|
|First Time Home Buyer 5/1 ARM||2.875%/3.000%||360||0.0||5/2/5||3.04%||60 Pmts of $41.50, 300 Pmts of $42.20|
|1/1 ARM||3.000%/3.000%||360||0.0||5/2/5||3.05%||12 Pmts of $42.20, 348 Pmts of $42.20|
|3/1 ARM||3.000%/3.000%||360||0.0||5/2/5||3.05%||36 Pmts of $42.20, 324 Pmts of $42.20|
|5/1 ARM||3.000%/3.000%||360||0.0||5/2/5||3.05%||60 Pmts of $42.20, 300 Pmts of $42.20|
|7/1 ARM||3.125%/3.000%||360||0.0||5/2/5||3.11%||84 Pmts of $42.80, 276 Pmts of $42.20|
|30 Year Fixed (no closing costs)||4.375%||360||0.0||N/A||4.38%||$49.90|
|30 Year Fixed||4.125%||360||0.0||N/A||4.18%||$48.50|
|15 Year Fixed (no closing costs)||3.625%||180||0.0||N/A||3.63%||$72.10|
|15 Year Fixed||3.250%||180||0.0||N/A||3.35%||$70.30|
- Call for our jumbo lending rates.
- If you would like to apply for a prequalified mortgage, complete this Prequalification Request Form.
For assistance, contact:
VP, Manager of Residential Lending
NMLS ID# 39923
Available for Mortgage discussions both weekdays and weekends
Lending Requirements / First Mortgages
- First Time Homebuyers program available for 1 – 3 Family owner-occupied properties in Belmont, Arlington, Lexington, Newton, Waltham, and Watertown Massachusetts.
- 1-4 Family Owner Occupied Residences
- Annual Percentage Rates based on a 20% downpayment
- 10% Downpayment mortgages are available (Private Mortgage Insurance required on mortgages with a downpayment of less than 20%, call for details)
- Rates subject to change without notice and may change after consummation.
- Mortgage payments are based on a monthly repayment schedule.
- Adjustable rate mortgages are fixed for a period of time and will adjust annually. For example, a 5-1 adjustable mortgage is fixed for the first five years and will adjust annually thereafter. Please call for program details.
- Any borrower obtaining a loan secured by real estate must provide the Bank with satisfactory proof of hazard/homeowner’s insurance.
- Subject to credit approval
Primary Lending Area
Belmont Savings Bank primarily lends within all cities and towns in Essex, Middlesex and Norfolk Counties in Massachusetts. Belmont Savings also offer mortgages to Allston and Brighton, Massachusetts.
Bank NMLS# 486283