243 Broadway
Methuen MA
(978) 682 - 5271
Bank-By-Phone (800) 459 - 5549

Our Rates

Mortgage Rates (Effective: December 21, 2016)
For Conforming Loans (up to $424,100)
Program Interest Rate Points APR Monthly
Payments
per
$1,000
Borrowed
Fixed Rates

30 Year Mortgage Fixed Rate (1)

       
4.000% 2 4.189% $4.77
4.250% 1 4.356% $4.92
4.500% 0 4.522% $5.07

20 Year Mortgage Fixed Rate (1)
       
3.750% 2 4.008% $5.93
4.000% 1 4.144% $6.06
4.250% 0 4.279% $6.19

15 Year Mortgage Fixed Rate (1)
       
3.125% 2 3.447% $6.97
3.375% 1 3.553% $7.09
3.625% 0 3.658% $7.21
         
10 Year Mortgage Fixed Rate (4)
4.000% 0 4.051% $10.12
 

For the most current rates, please call the bank at 978-682-5271

 
Adjustable Rates (ARMs) (1)(2)(3)
1 Year ARM 3.375% 0 3.392% $4.42
3/1 Year ARM 3.750% 0 3.769% $4.63

Please call Bank for other rates and terms that are available

 

The monthly payment amounts shown above do not include any amounts for taxes and insurance premiums.  Your actual monthly payment will be greater if payment into an escrow account for these items is required.

(1) Rates quoted assume 20% down payment on purchase of a single family home. Annual percentage rate (APR) assumes a $150,000 loan with a 20% down payment and 15 days prepaid interest. Fixed rate loans and adjustable rate loans with less than a 20% down payment require PMI. A Minimum down payment of 10% is required for fixed and adjustable rate loans. Owner Occupied properties only.

(2) Caps - 2% Per Adjustment Review and 5% Lifetime.
Adjustable loan rates are based on the weekly average yield on U.S. Treasury Securities adjusted to constant maturities of 1 year rounded to the nearest 1/8th of a percent plus a margin

Current Index Rate = 0.89%; Rounded to nearest 1/8th percent = 0.875 %; Margin for 1 Year ARM = 2.50%; Margin for 3/1 Year Arm = 2.875%

Monthly principal and interest payments are based on a 30 year repayment schedule.

(3) Annual Percentage Rate (APR) may increase after consummation.

(4)  Rates quoted assume 20% down payment on purchase of a single family home. Annual percentage rate (APR) assumes a $150,000 loan with a 20% down payment and 15 days prepaid interest. A Minimum down payment of 20% is required. Owner Occupied properties only. Maximum loan to value for refinance 80%. 

Construction Loans -
Please call the Bank for rates and terms at 978-682-5271

Jumbo Loans -
Please call the Bank for rates and terms at 978-682-5271

 
 
 
 
 
 

Equal Opportunity Employer
Member FDIC & SIF
Equal Housing Lender