Mortgage Rates
Effective Date: 7/1/2009
Adjustable Rate Mortgages |
| Program | Maximum Term | Interest Rate | Points | Annual Percentage Rate | Monthly P&I* PER $1,000 |
| 5/3 Program | 40 Years | 5.000% | 1 | 4.727% | $4.82 |
| 5/3 Program | 30 Years | 5.000% | 1 | 4.772% | $5.37 |
| 3 Year ARM | 30 Years | 4.750% | 1 | 4.645% | $5.22 |
| 7/1 Year ARM | 30 Years | 5.375% | 1 | 4.370% | $5.60 |
Owner-Occupied Mortgage Loans
Down Payment: 20%
Maximum Loan: $417,000
* (P&I) Principal and Interest
-Convertible rate option may be available for qualified applicants.
-High LTV financing available for many owner/occupied programs w/PMI. Ask Loan Officer for details and APR.
-No point option available for Owner Occupied Products Fixed Rate and Adjustable Rate Mortgages. Ask Loan Officer for APR.
-Above rates and information are for single family owner occupied residence only.
Effective Date: 7/1/2009
Fixed Rate Mortgages |
| Program | Maximum Term | Interest Rate | Points | Annual Percentage Rate | Monthly P&I* PER $1,000 |
| 30 Years | 30 Years | 5.000% | 2 | 5.178% | $5.37 |
| 20 Years | 20 Years | 5.000% | 2 | 5.242% | $6.60 |
| 15 Years | 15 Years | 4.625% | 2 | 4.930% | $7.71 |
| 10 Years-Requires EBSB auto pay | 10 Years | 4.750% | 2 | 5.188% | $10.48 |
| Bi-Weekly | 30 Years | 5.375% | 1 | 5.478% | $5.60 |
Owner-Occupied Mortgage Loans
Down Payment: 20%
Fixed Rate Loan Limits: $417,000
Above rates and information are for single family owner occupied residence only.
Your fixed rate is being locked in before your application has been underwritten. This rate is being locked in with the assumption and anticipation that upon underwriting your application will meet our secondary market investor guildelines. In the event that there are specific conditions with your file that do not meet secondary guidelines, there is the possibility that the fixed rate will need to be adjusted according to any loan level price adjustments stipulated by our secondary market. If your rate requires adjusting, you will be advised in writing as soon as this determination is made.
Effective Date: 7/1/2009
First Time Homebuyer Programs |
| Program | Maximum Term | Interest Rate | Points | Annual Percentage Rate | Monthly P&I* PER $1,000 |
| 5/3 FTHB ARM | 30 Years | 5.125% | 0 | 4.731% | $5.44 |
| FTHB Fixed Bi-Weekly | 30 Years | 5.625% | 0 | 5.625% | $5.76 |
Owner-Occupied Mortgage Loans
Down Payment: 20%
Maximum Loan: $417,000
* (P&I) Principal and Interest
-Minimum Down Payment for above first time homebuyer programs is 5%.
-Eligible properties single unit, owner occupied properties.
-Some income and property location restrictions may apply.
-Above rates and information are for single family owner occupied residence only.
Ask Loan Officer for details.
Effective Date: 7/1/2009
Fixed Rate Mortgages - NO POINTS/NO CLOSING COSTS |
| Program | Maximum Term | Interest Rate | Points | Annual Percentage Rate | Monthly P&I* PER $1,000 |
| 30 Years | 30 Years | 5.875% | 0 | 5.875% | $5.92 |
| 15 Years | 15 Years | 5.500% | 0 | 5.500% | $8.17 |
| 10 Years | 10 Years | 5.625% | 0 | 5.625% | $10.91 |
Owner-Occupied Mortgage Loans
Down Payment: 20%
Minimum Loan Amount $100,000
Fixed Rate Loan Limits: single Unit, $417,000
-Above rates and information are for single family owner occupied residence only.
Effective Date: 7/1/2009
Non-Owner Occupied Mortgage Loans |
| Program | Maximum Term | Interest Rate | Points | Annual | Monthly P&I* PER $1,000 |
| Bi-Weekly (Fixed) | 30 Years | 6.000% | 1 | 6.108% | $6.00 |
| 3 Year ARM | 25 Years | 5.750% | 1 | 5.124% | $6.29 |
| 5/3 Year ARM | 25 Years | 6.000% | 1 | 5.387% | $6.44 |
Above rates and information are for single family non-owner occupied mortgage loans only.
Down Payment: 25%
Maximum Loan: $417,000
Effective Date: 7/1/2009
Construction Loans |
| Program | Maximum Term | Interest Rate | Points | Annual Percentage Rate | Monthly P&I* PER $1,000 |
| 3 Year ARM | 25 Years | 6.750% | 1 | 5.406% | $6.91 |
Land must be approved buildable lot with paved street frontage.
Down Payment: 25%
Maximum Loan: $417,000
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