|
Mortgage Loan Rates
For more information, or to apply now, visit our Online Mortgage Center
| The Annual
Percentage Rates are effective as of May 21, 2013 |
|
MORTGAGE PROGRAM
|
POINTS
|
INTEREST RATE
|
APR*
|
$ PER
$1000
|
|
30 Year Fixed*
|
2
|
3.375% |
3.569%
|
$4.42
|
|
30 Year Fixed*
|
1
|
3.500%
|
3.612%
|
$4.49
|
|
30 Year Fixed*
|
|
3.625%
|
3.656%
|
$4.56
|
30
Year Fixed*
|
No Points
No Closing Costs
|
4.250% |
4.250%
|
$4.92
|
|
20 Year Fixed*
|
2 |
3.125%
|
3.394%
|
$5.61 |
|
20 Year Fixed*
|
1 |
3.250%
|
3.406%
|
$5.67
|
|
20 Year Fixed*
|
No Points
|
3.375%
|
3.418%
|
$5.74
|
|
20 Year Fixed*
|
No Points
No Closing Costs
|
4.000%
|
4.000%
|
$6.06 |
|
15 Year Fixed*
|
2
|
2.500%
|
2.843%
|
$6.67
|
|
15 Year Fixed*
|
1
|
2.625%
|
2.823%
|
$6.73
|
|
15 Year Fixed*
|
No Points
|
2.750%
|
2.804%
|
$6.79
|
|
15 Year Fixed*
|
No Points
No Closing Costs
|
3.375%
|
3.375%
|
$7.09
|
|
10 Year Fixed*
|
No Points
|
2.500%
|
2.579%
|
$9.43
|
5/1 Adjustable -
30 Year Mortgage
|
No
Points |
2.750%
|
2.862%
|
$4.08 |
Payments do not include amounts for taxes and insurance
premiums.
For more information,
or to apply now, visit our Online
Mortgage Center
|
Conventional Mortgage Limits as follows*:
|
|
Type
|
Maximum Amount
|
|
One Unit
|
$417,000.00
|
|
Two Units
|
$533,850.00
|
|
Three Units
|
$645,300.00 |
|
Four Units
|
$801,950.00 |
|
*Limits vary per State/Country
|
|
Jumbo Loan Rates **
-MAX LTV-80%
Purchases Primary Residence Only-(other
rates available for condos and second homes)
|
Term in Years
|
Points
|
Interest
Rate
|
APR
|
$ per $1000
|
| Jumbo Loan Rate |
30
|
0
|
3.875
|
3.881
|
23.51
|
| Jumbo Loan Rate- 5/1
Year Adjustable |
30
|
0
|
3.000
|
2.924
|
21.08
|
$100,000 minimum balance/0 points, no closing costs are available.
*Annual Percentage Rates (APRs) as of May 21,
2013 based upon a $100,000 loan for a conventional loan and $500,000 for
a fixed rate jumbo loan, for owner-occupied properties, 1-4 family residences,
and subject to change. Mortgage APRs based on 25% down payment for purchases
and 60% LTV for cash out refinances (fixed rate loans). Rates based upon
a 30 day closing. Adjustable Rate Mortgage APRs are subject to increase
throughout the repayment period. Rates based on final credit decision
and may be priced for risk. Maximum loan-to-value (LTV) for First Time
Homebuyer program is 95%, and income restrictions apply. Maximum LTV for
all other mortgages is 90% for purchases and no-equity out refinances.
Based on 0 points, maximum 75% LTV for purchases or maximum 60% LTV for
cash-out refinance. PROMOTION - Not available for refinance of existing
Charles River Bank. Monthly payment DOES NOT include insurance and taxes.
No Points No Closing (0/0): There are costs associated with these loan
products. Costs are prepaid interest, tax escrow and PMI if applicable,
all other fees are paid by Charles River Bank. The Bank will pay the appraisal
fee up to $325.00. 0/0 - No points/No closing costs $100,000 minimum mortgage.
0/0 product offered for single owner occupied properties. Ask about MassHousing
products, rates, services, low down payments and discounted Mortgage Insurance
premiums. **Jumbo rates determined by loan-to-value/primary vs. non-primary
residences. Monthly reserves required.
For
more information, or to apply now, visit our Online
Mortgage Center
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