Home Financing Rates*
(Effective: Monday, September 08, 2008)
|
Program
|
Downpayment
| Term
| Interest Rate
| Points
| APR
| Monthly Payments
per $1000 borrowed
|
First Time Home Buyer 7/1ARM
|
10%
| 420 months
| 5.625%
| 0 | 5.383%
|
| 1 | to | 84 months |
$5.45
|
| 85 | to | 419 months |
$5.17
|
| | 420 months |
$5.12
|
|
|
5/1 ARM UP TO $750,000
|
20%
| 360 months
| 5.625%
| 0 | 5.361%
|
| 1 | to | 60 months |
$5.76
|
| 61 | to | 359 months |
$5.48
|
| | 360 months |
$5.47
|
|
|
|
7/1 ARM UP TO $750,000
|
20%
| 360 months
| 5.875%
| 0 | 5.535%
|
| 1 | to | 84 months |
$5.92
|
| 85 | to | 359 months |
$5.52
|
| | 360 months |
$5.49
|
|
|
|
5/1 ARM OVER $750,000
|
20%
| 360 months
| 6.000%
| 0 | 5.518%
|
| 1 | to | 60 months |
$6.00
|
| 61 | to | 359 months |
$5.51
|
| | 360 months |
$5.45
|
|
|
|
7/1 ARM OVER $750,000
|
20%
| 360 months
| 6.250%
| 0 | 5.730%
|
| 1 | to | 84 months |
$6.16
|
| 85 | to | 359 months |
$5.56
|
| | 360 months |
$5.51
|
|
|
|
FIXED RATE MORTGAGES
| (Fixed Rates are priced daily. Please call our Loan Center at 617-964-0117 for today's rates.) |
|
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|
CONSTRUCTION PERMANENT MORTGAGES
| (Call us at 617-964-0117 for rates on Construction Permanent Mortgage. (Interest only during construction at 1.00% over the posted rate).) |
|
|
|
| |
|
|
|
|
Investment Jumbo 1-4 Family -Fixed
|
25%
| 240 months
| 7.500%
| 1 | 7.687%
| $8.06
|
|
|
Investment 1-4 Family Fixed
|
25%
| 240 months
| 7.250%
| 1 | 7.434%
| $7.90
|
|
|
5/1 Investment ARM
|
25%
| 360 months
| 7.000%
| 1 | 6.047%
|
| 1 | to | 60 months |
$6.65
|
| 61 | to | 359 months |
$5.57
|
| | 360 months |
$5.56
|
|
|
*Annual Percentage Rate (APR) and interest rate subject to change without notice. Rates may increase after consummation. Property Insurance required. Construction/Permanent financing available with 1.00 Point. For Second homes add .50 to the posted rate.
|
