|
Mortgage
Loan Rates as of
Friday, May 02, 2008 |
|
Products |
Interest Rate |
Points |
APR* |
Payment per $1000
borrowed |
| |
|
30-YEAR FIXED RESIDENTIAL |
| |
5.625% |
TWO |
5.894% |
$5.76 |
|
|
|
5.875% |
ONE |
6.054% |
$5.92 |
|
|
|
6.125% |
NONE |
6.213% |
$6.08 |
| |
|
20-YEAR FIXED RESIDENTIAL |
| |
5.500% |
TWO |
5.858% |
$6.88 |
|
|
|
5.750% |
ONE |
5.987% |
$7.02 |
|
|
|
6.000% |
NONE |
6.115% |
$7.16 |
| |
|
15-YEAR FIXED RESIDENTIAL |
| |
5.125% |
TWO |
5.568%
|
$7.97 |
| |
|
5.375% |
ONE |
5.665% |
$8.10 |
| |
|
5.625% |
NONE |
5.763% |
$8.24 |
| |
| |
|
30-YEAR FIXED BI-WEEKLY |
6.000% |
NONE |
6.047% |
$3.00 |
|
20-YEAR FIXED BI-WEEKLY |
5.875% |
NONE |
5.935% |
$3.55 |
|
15-YEAR FIXED BI-WEEKLY |
5.500% |
NONE |
5.635% |
$4.09 |
|
Const/Perm add an
additional 0.25% - Also available for Jumbo Loans
add 0.75% |
|
Bi-weekly products
require automatic payment from an MCB checking
account for accurate servicing. Payment shown is
made every 2 weeks. |
| |
| |
|
3/1 ARM RESIDENTIAL
**/*** |
| |
5.125% |
NONE |
4.380% |
$5.44 |
|
Payment for fourth and subsequent years |
$4.89 |
|
360-month Adjustable
Conforming. The adjustable rate will remain fixed
for the first 3 years. After the first 3 years the
rate is adjusted every year. Adjustable caps are 2%
per adjustment and will not exceed 6% above the
initial rate for the life of the loan. The margin is
2.50% |
| |
|
|
|
|
|
5/1 ARM RESIDENTIAL
**/*** |
| |
5.375% |
NONE |
4.619% |
$5.60 |
|
Payment for sixth and subsequent years |
$4.94 |
|
360-month Adjustable
Conforming. The adjustable rate will remain fixed
for the first 5 years. After the first 5 years the
rate is adjusted every year. Adjustable caps are 2%
per adjustment and will not exceed 5% above the
initial rate for the life of the loan. The margin is
2.50% |
|
|
|
|
|
|
|
FTHB 5/1 ARM - 95% LTV -
30-YEAR**/*** |
5.125% |
NONE |
5.147% |
$5.44 |
|
Payment for sixth and subsequent years |
$5.64 |
|
360-month Adjustable
Conforming. The adjustable rate will remain fixed
for the first 5 years. After the first 5 years the
rate is adjusted every year. Adjustable caps are 2%
per adjustment and will not exceed 5% above the
initial rate for the life of the loan. The margin is
2.50% |
| |
|
7/1 ARM RESIDENTIAL
**/*** |
| |
5.875% |
NONE |
5.015% |
$5.92 |
|
|
$5.02 |
|
360-month Adjustable
Conforming. The adjustable rate will remain fixed
for the first 7 years. After the first 7 years the
rate is adjusted every year. Adjustable caps are 5%
at the first adjustment, 2% at the second adjustment
and will not exceed 5% above the initial rate for
the life of the loan. The margin is 2.50% |
| |
|
|
|
|
|
EXPANDED APPROVAL PRODUCTS |
|
Home Possible 97 |
6.125% |
1.35% |
7.044% |
$6.08 |
|
Home Possible 100 |
6.125% |
1.50% |
7.068% |
$6.08 |
|
ALT 97% LTV |
6.125% |
0.50% |
6.954% |
$6.08 |
|
MassAdvantage* |
6.125% |
NONE |
6.850% |
$6.08 |
|
Single family only on ALT 97 and Home Possible
100, 2 family for FTHB 5/1 ARM, 1-4 family on Home
Possible 97. Tax, Insurance, and PMI escrow required
on all Expanded Approval Products. APR's include
required PMI coverage.
|
| |
| |
|
|
|
|
|
HOME EQUITY LOANS (5/5 Adjustable) **** |
|
75% LTV (maximum 20 year
term) |
6.875% |
NONE |
5.621% |
$7.68 |
|
Take an additional .125% off of this
rate if you have automatic payment from one of our
"Choice" accounts (Free Choice, e-Choice, NOW Choice
or Choice Savings) OR take an additional .25%
off of this rate if you have automatic
payment from a Premier Choice Account. |
|
100% LTV (maximum 15
year term) |
13.25% |
NONE |
12.066% |
$12.82 |
|
Take an additional .125% off of this
rate if you have automatic payment from one of our
"Choice" accounts (Free Choice, e-Choice, NOW Choice
or Choice Savings) OR take an additional .25%
off of this rate if you have automatic
payment from a Premier Choice Account. |
|
The
adjustable rate will remain fixed for the first 5
years. The rate is adjusted every 5 years
thereafter. Adjustable caps are 3% per
adjustment and will not exceed 6% above the initial
rate for the life of the loan. |
| |
|
FIXED RATE HOME EQUITY LOANS |
|
5-YEAR TERM |
6.000% |
NONE |
6.000% |
$19.33 |
|
10-YEAR TERM |
6.750% |
NONE |
6.750% |
$11.48 |
|
15-YEAR TERM |
7.000% |
NONE |
7.050% |
$8.99 |
|
Take an additional .125% off of this
rate if you have automatic payment from one of our
"Choice" accounts (Free Choice, e-Choice, NOW Choice
or Choice Savings) OR take an additional .25%
off of this rate if you have automatic
payment from a Premier Choice Account. |
| |
|
CHOICE HOME EQUITY LINE OF CREDIT ** |
|
75% LTV
- with autopay from Free Choice, E Choice or NOW checking account |
3.99% |
NONE |
3.99% |
$50.00 |
|
After
Introductory Period |
4.75% |
|
4.75% |
$50.00 |
|
75% LTV
- with autopay from Premier Checking account |
3.99% |
NONE |
3.99% |
$50.00 |
|
After
Introductory Period |
4.50% |
|
4.50% |
$50.00 |
|
75% LTV
- without autopay |
4.99% |
NONE |
4.99% |
$50.00 |
|
After
Introductory Period |
5.00% |
|
5.00% |
$50.00 |
|
Introductory rate is fixed for the first 12 months.
The maximum APR that can apply during the term of
the Line of Credit is 18%. Monthly minimum payment
on Choice Home Equity is $50.00. |
| |
|
MANUFACTURED HOMES |
APPLY |
|
|
|
Manufactured Year |
Down Pmt/Equity |
Rate |
Term |
Points |
APR* |
Pmt/1000 |
|
1970 through 1975 |
50% |
10.00% |
15 yrs |
NONE |
10.015% |
$10.75 |
|
1976 through 1990 |
20% |
9.490% |
15 yrs |
NONE |
9.504% |
$10.44 |
| |
25% |
8.990% |
15 yrs |
NONE |
9.004% |
$10.14 |
|
1991 through 1999 |
15% |
7.990% |
15 yrs |
NONE |
8.004% |
$9.55 |
|
2000
to New |
15% |
7.240% |
20 yrs |
NONE |
7.251% |
$7.90 |
|
|
15% |
6.990% |
15 yrs |
NONE |
7.003% |
$8.98 |
|
15-Year Term equals 180
Monthly Payments. 20-Year Term equals 240 Monthly
Payments. |
|
*Annual Percentage Rate.
APRs are based upon a loan amount of $100,000 |
|
Minimum Size Standards
10' x 60' (600 square feet) or 12' x 50' (600 square
feet) |
|
Take an additional .25% off of this
rate if you have automatic payment from one of our
"Choice" accounts (Free Choice, e-Choice, NOW Choice
or Choice Savings) OR take an additional .50%
off of this rate if you have automatic
payment from a Premier Choice Account. |
| |
|
LAND LOANS
70% LTV Purchase |
6.000% |
ONE |
6.687% |
$6.00 |
|
360 month amortization
schedule with a 3-year term. Rate is fixed for the
3-year term. Half of the point is refundable to the
borrower if we do the construction/permanent loan. |
| |
| |
|
COMMERCIAL LOANS |
Rates quoted on an
individual basis. |
| |
|
RATES ARE SUBJECT TO
CHANGE WITHOUT NOTICE |
