Mortgage Rates


Effective as of June 30, 2015
Payments shown below do not include taxes or insurance.
Your payment may be greater.

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 2.750%/3.000% 360 0.0 5/2/5 2.96% 60 Pmts of $40.80, 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) 4.375% 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

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

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

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

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