|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|
- 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
All cities and towns in Essex, Middlesex and Norfolk Counties, Massachusetts. Also, Allston and Brighton, Massachusetts.
Bank NMLS# 486283