Mortgage Rates


Effective as of April 1, 2015
Payments shown below do not include taxes or insurance.
Your payment may be greater.

Interest Rate/Fully Indexed Rate Max term/Months Points CAPS Annual Percentage Rate Payment per $10K
First Time Home Buyer 5/1 ARM 3.125%/3.000% 360 0.0 5/2/5 3.09% 60 Pmts of $42.84, 300 Pmts of $42.20
1/1 ARM 2.875%/3.000% 360 0.0 5/2/5 3.04% 12 Pmts of $41.49, 348 Pmts of $42.20
3/1 ARM 2.875%/3.000% 360 0.0 5/2/5 3.02% 36 Pmts of $41.49, 324 Pmts of $42.20
5/1 ARM 2.875%/3.000% 360 0.0 5/2/5 3.00% 60 Pmts of $41.49, 300 Pmts of $42.20
7/1 ARM 2.950%/3.000% 360 0.0 5/2/5 3.03% 84 Pmts of $41.90, 276 Pmts of $42.20
30 Year Fixed (no closing costs) 4.125% 360 0.0 N/A 4.13% $48.50
30 Year Fixed 3.750% 360 0.0 N/A 3.81% $46.40
15 Year Fixed (no closing costs) 3.500% 180 0.0 N/A 3.50% $72.10
15 Year Fixed 3.000% 180 0.0 N/A 3.09% $69.10

For assistance, contact:

Rick Capobianco
VP, Manager of Residential Lending
NMLS ID# 39923
Email:  rick.capobianco@belmontsavings.com
Phone: 781-290-7157
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

All cities and towns in Essex, Middlesex and Norfolk Counties, Massachusetts. Also, Allston and Brighton, Massachusetts.

 

Bank NMLS# 486283

Belmont Savings Bank
2 Leonard Street

(Belmont Center)
Belmont MA 02478
617-484-6700
Belmont Savings Bank
277 Trapelo Road

Belmont MA 02478
617-489-6722
Belmont Savings Bank
53 Mount Auburn Street

(Watertown Square)
Watertown MA 02472
617-926-1325
Belmont Savings Bank
1070 Lexington Street

(Inside Star Market)
Waltham MA 02451
781-899-1801
Belmont Savings Bank
699 Mount Auburn Street

(Inside Star Market)
Cambridge MA 02138
617-993-3750
Belmont Savings Bank
33 Austin Street

(Inside Shaw's)
Newton MA 02460
617-993-3770
Security Center | Website Policy | Privacy Policy | Security Awareness

2 Leonard Street, Belmont, MA 02478, 617-484-6700

Member FDIC Member DIF
Equal Housing Lender Instagram YouTube Twitter Facebook