Home Mortgage Rates

RATES AND TERMS SUBJECT TO CHANGE.
OTHER RATES, TERMS, JUMBO, AND INVESTMENT PROPERTY LOAN PROGRAMS ALSO AVAILABLE.
CALL 978-458-4598 FOR MORE INFORMATION OR SELECT A LENDER OF YOUR CHOOSING.

 

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A. RESIDENTIAL FIRST MORTGAGE LOANS*
(Effective: Monday, February 06, 2012)
Program
 Interest Rate
Points
APR
Monthly Payments
per $1000 borrowed
30 Year Conforming Fixed Rate Mortgage * **
 		3.750%
23.954%
$4.63
3.875%
13.996%
$4.70
4.125%
04.163%
$4.85
4.750%
No Points
No Closing Costs
4.751%
$5.22
20 Year Conforming Fixed Rate Mortgage * **
 		3.625%
23.907%
$5.86
3.750%
13.917%
$5.93
4.000%
04.053%
$6.06
4.500%
No Points
No Closing Costs
4.501%
$6.33
15 Year Conforming Fixed Rate Mortgage * **
 		3.250%
13.461%
$7.03
3.750%
03.817%
$7.27
4.250%
No Points
No Closing Costs
4.251%
$7.52
10 Year Conforming Fixed Rate Mortgage * **
 		3.625%
03.721%
$9.95
4.125%
No Points
No Closing Costs
4.127%
$10.18
Seven/One 30 Year ARM * ** ***
(Rate is for loans up to $417,000. Caps: 5% first adjustment, 2% annual adjustment, 5% lifetime. 2.25% margin. Index is 12 month LIBOR (London Interbank Offered Rate))
 		3.875%
03.447%
$4.70
Five/One 30 Year ARM * ** ***
(Rate is for loans up to $417,000. Caps: 5% first adjustment, 2% annual adjustment, 5% lifetime. 2.25% margin. Index is 12 month LIBOR (London Interbank Offered Rate))
 		3.500%
03.212%
$4.49
First Time Home Buyer Ten/One 35 Year ARM * ** ***
(Rate is for loans up to $500,000. CLOSING COST CREDIT of up to $750.00 with direct withdrawal from LCB deposit account. Caps: 2% first adjustment, 2% each adjustment, 5% lifetime. 2.75% margin. Index is 1 yr. US Treasury Security (1 Yr CMT))
 		4.750%
03.982%
$4.89
PMI Buster - Combo 20 Year Fixed
(Eliminate PMI with a 10% Down Payment combined with this Fixed Rate Second Mortgage. Purchase & no-cash out refinance transactions allowed. Home Equity Line of Credit program may also be available. Call for details at 978-458-4598. )
 		7.500%
07.530%
$8.06
*ABOVE RATES AND ANNUAL PERCENTAGE RATE (APR) reflect terms for Conforming $417,000 Loan Amount for an owner occupied single family primary residence with 20% equity (80% LTV), borrower with excellent credit, and 30 days prepaid interest. Other rate terms and higher loan amounts available for 2, 3, and 4 family properties. ARM loan APRS also reflect loan cap, margin, and index information as provided in program detail above. Monthly payments per $1,000 borrowed represents principal and interest. Actual payment including real estate taxes and homeowners insurance escrow will be higher. **No Points No Closing Cost Option (NCC) has $150,000 minimum loan amount. *** Current Index Value: 1 YR CMT: .13%; 12 mo. LIBOR: 1.096%


B. HOME EQUITY LINE OF CREDIT*
(Effective: Monday, February 06, 2012)
Program
 APR
Home Equity Line of Credit
(Available on 1-4 Family Owner Occupied or Secondary Residences in Bank's primary lending area. Minimum line amount is $25,000.00. Prime plus .25%, with a floor of 3.95%.)
 		3.950%
*Rate is subject to change. Total loan-to-value ratio not to exceed 80%. Annual Percentage Rate (APR) is based on Wall Street Journal and will not exceed 18%. Property insurance required. Not available for homes currently for sale or intended to be sold within six months of closing. Value based on most recent tax assessment. Your actual APR may be higher based on a review of your credit application. Other restrictions may apply. Early termination fee applies. PLEASE CALL THE BANK FOR THE MOST CURRENT RATE 978-458-4598


C. HOME EQUITY LOAN (FIXED 2ND MORTGAGE)*
(Effective: Monday, February 06, 2012)
Program
 Interest Rate
Points
APR
Monthly Payments
per $1000 borrowed
Maximum
LTV
20 Year Fixed Rate Loan
 		6.750%
06.752%
$7.60
80%
*Rate is subject to change. Total loan-to-value ratio not to exceed 80%. Annual Percentage Rate (APR) is based on a loan amount of $150,000 and 30 days of prepaid interest. PLEASE CALL THE BANK FOR THE MOST CURRENT RATE 978-458-4598



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