Last changed on October 31, 2014
.
Maximum Loans: 1 unit $417,000
2 unit $533,850
3 unit $645,300
4 unit $801,950
x.
Adjustable (ARM)1 Rate
Fixed Rate
Rate
Points 4
APR 2
Cost
per
$1,000
Rate
Points 4
APR 2
Cost per
$1,000
30
Years
3.875%
4.000%
4.500%3
1
0
0
3.971%
4.021%
4.522%
$4.70
$4.77
$5.07
30-yr, 5/1
5 year fixed,
25 year ARM
2.875%
3.125%
3.625%3
1
0
0
2.973%
2.983%
3.150%
$4.08
$4.22
$4.49
15
Years
2.875%
3.125%
3.625%3
1
0
0
3.041%
3.151%
3.651%
$6.85
$6.97
$7.21
30-yr, 7/1
7 year fixed,
23 year ARM
3.125%
3.375%
3.875%3
1
0
0
3.081%
3.118%
3.354%
$4.22
$4.35
$4.63
10
Years
2.750%
3.000%
3.500%3
1
0
0
2.991%
3.030%
3.530%
$9.54
$9.66
$9.89
3 Year ARM 30-yr
2.500%
2.750%
3.250%3
1
0
0
3.450%
3.438%
3.551%
$3.89
$4.02
$4.28
Payment example: Borrow $100,000 at 4.00% for 30 years and your payment per thousand would be $4.77. Multiply that factor by 100 (100,000/1,000)
to estimate your monthly payment of $477.00.
Maximum Jumbo Loan up to $1,000,000 on single-family homes
Jumbo Loans
15
Years
10
Years
Rate
Points 4
3.000%
3.250%
3.750%3
2.875%
3.000%
3.500%3
1
0
0
1
0
0
Jumbo Loans
APR2
3.164%
3.270%
3.771%
3.112%
3.030%
3.530%
Cost
per
$1,000
$6.91
$7.03
$7.27
$9.60
$9.66
$9.89
Adjustable 30-yr, 5/1
5 year fixed
25 year ARM
Adjustable 30-yr, 7/1
7 year fixed
23 year ARM
3 Year ARM 30-yr
Low down payment,
Rate
Points 4
APR2
Cost
per $1,000
3.000%
3.250%
3.750%3
3.250%
3.500%
4.000%3
2.625%
2.875%
3.375%3
1
0
0
1
0
0
1
0
0
2.998%
3.017%
3.194%
3.059%
3.176%
3.194%
3.573%
3.543%
3.625%
$4.22
$4.35
$4.63
$4.35
$4.49
$4.77
$4.02
$4.15
$4.42
95% financing available. Call for details.
.
◆ Interest rate lock in for 120 days ◆ Pre-approvals ◆ Low down payment
Amesbury ◆ Brookline ◆ Danvers ◆ Dorchester ◆ Lawrence ◆ Marlborough ◆ Tewksbury ◆ Waltham
781-736-9859 ◆ 800-338-0221, ext. 9859 ◆ rtn.org ◆ mortgage@rtn.org
1
Adjustable Rate Mortgage (ARM) with 2% periodic adjustment cap, 6% lifetime cap.
Rate is subject to change after consummation.
2
Annual Percentage Rate
3
No closing cost program minimum loan amount of $100,000
4
Choosing a zero or one point program does not preclude fees from being added as
points based on your credit score, subordinate financing, loan-to-value ratio or other
factors unique to your transaction.
Above rates are based on a single family primary home purchase in New England
with 20% down to a member with excellent credit. Loans are also available with as
little as 5% down, and on vacation homes. Your rate/points may be different based on
your credit score and the specifics of your transaction. Call 1-800-338-0221, ext. 9859,
for details on all programs. Rates are subject to change without notice.