|
Rates effective December 3, 2008
FIXED RATE SPECIALTY MORTGAGES
| FHA - UP TO 97% FINANCING |
| Purchase Rates |
Points
|
Interest Rate
|
APR
|
Payment/$1,000
|
|
30 Year, 1-4 Units
|
0
|
6.125%
|
6.167%
|
$6.08
|
| USDA - 100% FINANCING |
| Purchase rates |
Points
|
Interest Rate
|
APR
|
Payment/$1,000
|
|
30 Year, 1 Unit
|
0
|
6.000%
|
6.042%
|
$6.00
|
| MASS HOUSING - ADVANTAGE - LOW |
| Purchase Rates |
Points
|
Interest Rate
|
APR
|
Payment/$1,000
|
|
30 Year, 1-4 Units
|
2
|
5.500%
|
5.695%
|
$5.68
|
|
30 Year, 1-4 Units
|
0
|
5.750%
|
5.761%
|
$5.84
|
Lower income limits apply. |
| MASS HOUSING - ADVANTAGE |
| Purchase Rates |
Points
|
Interest Rate
|
APR
|
Payment/$1,000
|
|
30 Year, 1-4 Units
|
2
|
5.750%
|
5.948%
|
$5.84
|
|
30 Year, 1-4 Units
|
0
|
6.000%
|
6.012%
|
$6.00
|
| Lower income limits apply. |
| MASS HOUSING - MY COMMUNITY - 100 |
| Purchase and limited cash out refinance |
Points
|
Interest Rate
|
APR
|
Payment/$1,000
|
|
30 Year, 1 Unit
|
0
|
6.000%
|
6.023%
|
$6.00
|
| MASS HOUSING - MY COMMUNITY - 97 |
| Purchase and limited cash out refinance |
Points
|
Interest Rate
|
APR
|
Payment/$1,000
|
|
30 Year, 1-2 Units
|
0
|
6.000%
|
6.023%
|
$6.00
|
| MASS HOUSING - MY COMMUNITY - 95 |
| Purchase and limited cash out refinance |
Points
|
Interest Rate
|
APR
|
Payment/$1,000
|
|
30 Year, 3-4 Units
|
0
|
6.000%
|
6.023%
|
$6.00
|
|
Annual Percentage Rates (APR) are based on $200,000 loan with a 20% down payment. Other products and rates available.
|
FIXED RATE MORTGAGES
| |
SECONDARY MARKET
|
SERVICED AT ROLLSTONE BANK
|
|
|
Points
|
Interest Rate
|
APR
|
Payment/$1,000
|
Interest Rate
|
APR
|
Payment/$1,000
|
|
10 year
|
1
|
5.750%
|
6.006%
|
$10.98
|
5.500%
|
5.755%
|
$10.86
|
|
|
0
|
6.000%
|
6.034%
|
$11.10
|
5.750%
|
5.784%
|
$10.98
|
|
15 year
|
1
|
5.750%
|
5.930%
|
$8.30
|
5.500%
|
5.679%
|
$8.18
|
|
|
0
|
6.000%
|
6.024%
|
$8.44
|
5.750%
|
5.774%
|
$8.31
|
|
20 year
|
1
|
5.750%
|
5.893%
|
$7.03
|
5.750%
|
5.893%
|
$7.03
|
|
|
0
|
6.000%
|
6.019%
|
$7.17
|
5.990%
|
6.019%
|
$7.17
|
|
30 year
|
1
|
5.750%
|
5.857%
|
$5.84
|
5.750%
|
5.857%
|
$5.84
|
|
|
0
|
6.000%
|
6.014%
|
$6.00
|
5.990%
|
6.015%
|
$6.00
|
|
40 year *20-20
|
1
|
n/a
|
n/a
|
n/a
|
5.750%
|
6.046%
|
$5.33
|
|
|
0
|
n/a
|
n/a
|
n/a
|
5.990%
|
6.169%
|
$5.50
|
|
Annual Percentage Rates (APR) are based on $200,000 loan with a 20% down payment.
|
|
*The initial rate on the 40 year 20-20 ARM may be discounted during the first 20 years. The annual percentage rate is subject to increase after closing.
|
| Fixed Rate Jumbo Mortgages |
|
Mortgages over $417,001
|
Points
|
Interest Rate
|
APR
|
Payment/$1,000
|
|
15 year
|
1
|
5.500%
|
5.667%
|
$8.18
|
|
|
0
|
5.750%
|
5.761%
|
$8.31
|
|
30 year
|
1
|
5.750%
|
5.918%
|
$5.84
|
|
|
0
|
5.990%
|
6.022%
|
$6.00
|
| Annual Percentage Rates (APR) are based on a $417,001 loan with a 20% down payment. |
| Fixed Rate 1st Time Home Buyer |
|
Up to 100% Financing
|
Points
|
Interest Rate
|
APR
|
Payment/$1,000
|
|
30 Year No Fee
|
0
|
5.990%
|
5..990%
|
$6.00
|
| Annual Percentage Rates (APR) are based on a $200,000 loan with a 20% down payment. |
|
Fixed Rate Construction Mortgages
|
Points
|
Interest Rate
|
APR
|
Payments/$1,000
|
|
15 Year Fixed Construction
|
0
|
5.750%
|
6.586%
|
$8.31
|
|
30 Year Fixed Construction
|
0
|
5.990%
|
6.710%
|
$6.00
|
|
15 Year Jumbo Fixed Construction
|
0
|
5.750%
|
6.274%
|
$8.31
|
|
30 Year Jumbo Fixed Construction
|
0
|
5.990%
|
6.305%
|
$6.00
|
| Annual Percentage Rates (APR) are based on a $200,000 loan with a 20% down payment. Jumbo loans based on $417,001 loan with 20% down payment. |
ADJUSTABLE RATE MORTGAGES
| Adjustable Rate Construction Mortgages* |
Points
|
Interest Rate
|
APR
|
Payments/$1,000
|
|
30 Year, 3 to 1Construction
|
0
|
5.750%
|
3.955%
|
$5.84
|
|
30 Year , 5 to 1 Construction
|
0
|
5.875%
|
4.385%
|
$5.92
|
|
30 Year, 3 to 1 Jumbo Construction
|
0
|
6.000%
|
4.031%
|
$6.00
|
|
30 Year, 5 to 1 Jumbo Construction
|
0
|
6.125%
|
4.501%
|
$6.08
|
| Annual Percentage Rates (APR) are based on a $200,000 loan with a 20% down payment. Jumbo loans based on $417,001 loan with a 20% down payment.. |
| *The initial rate on the 3 to 1 and 5 to 1 ARMs may be discounted during the first 3 or 5 years. The annual percentage rate is subject to increase after closing. |
| Adjustable Rate Jumbo Mortgages* |
| Mortgages over $417,001 |
Points |
Interest Rate |
APR |
Payment/$1,000 |
|
30 Year, 3 to 1
|
0
|
5.750%
|
3.769%
|
$5.84
|
|
30 Year, 5 to 1
|
0
|
5.875%
|
4.179%
|
$5.92
|
|
30 Year, 7 to 1
|
0
|
5.990%
|
4.576%
|
$6.00
|
| Annual Percentage Rates (APR) are based on a $417,001 loan with a 20% down payment. |
| *The initial rate on the 3 to 1 and 5 to 1 ARMs may be discounted during the first 3 or 5 years. The annual percentage rate is subject to increase after closing. |
| Adjustable Rate Mortgages* |
Points
|
Interest Rate
|
APR
|
Payment/$1,000
|
|
30 Year, 3 to 1
|
0
|
5.750%
|
3.776%
|
$5.84
|
|
30 Year, 5 to 1
|
1
|
5.750%
|
4.220%
|
$5.84
|
|
30 Year, 5 to 1
|
0
|
5.875%
|
4.186%
|
$5.92
|
|
30 Year, No Fee 7 to 1
|
0
|
5.990%**
|
4.570%
|
$6.00
|
| Annual Percentage Rates (APR) are based on a $200,000 loan with a 20% down payment. |
| *The initial rate on the 3 to 1 and 5 to 1 ARMs may be discounted during the first 3 or 5 years. The annual percentage rate is subject to increase after closing. |
| **Payments must be automatically deducted from a Rollstone Bank & Trust checking or statement savings account. Other terms available. |
APR=Annual Percentage Rate
Rates subject to change.
|
