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Secondary Market Fixed Rate Products
For Owner Occupied Properties
Secondary Market Interest rates and fees are subject to Credit and
Appraisal Review
Contact Us for Rate Locks
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PRODUCT NUMBER
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MAX LTV
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RATE
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MAX TERM
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POINTS
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APR
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Monthly Payments per $1000
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29530SM
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95%
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6.125% |
30 yrs |
2 |
6.347% |
$6.08 |
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19530SM
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95%
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6.250% |
30 yrs |
1 |
6.376% |
$6.16 |
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09530SM
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95%
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6.500% |
30 yrs |
0 |
6.531% |
$6.32 |
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29520SM
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95%
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6.000% |
20 yrs |
2 |
6.292% |
$7.16 |
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19520SM
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95%
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6.125% |
20
yrs |
1 |
6.291% |
$7.24 |
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09520SM
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95%
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6.375% |
20 yrs |
0 |
6.415% |
$7.38 |
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29515SM
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95%
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5.500% |
15 yrs |
2 |
5.861% |
$8.17 |
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19515SM
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95%
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5.750% |
15 yrs |
1 |
5.955% |
$8.30 |
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09515SM
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95%
|
6.000% |
15 yrs |
0 |
6.050% |
$8.44 |
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Portfolio Products
30 Year Fixed Rate
(Construction Loans, Condominiums, & Loans Exceeding $417,000.00)
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PRODUCT NUMBER
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MAX LTV
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RATE
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MAX TERM
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POINTS
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APR
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Monthly Payments per $1000
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09530PL
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95%
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6.750% |
30 yrs
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|
0 |
6.781% |
$6.49 |
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Five Year Fixed / One Year Adjustable Rate Mortgage
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PRODUCT NUMBER
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MAX LTV
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RATE
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MAX TERM
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MARGIN
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POINTS
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APR
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Monthly Payments per $1000
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0-595-0000-3000-25
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95%
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5.750%* |
30 yrs
|
3.000% |
0 |
5.471% |
$5.84 |
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*The Rate is subject to increase after consummation.
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First Time Home Buyer Purchases Only
Must meet income limits / 60 Day Rate Lock
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PRODUCT NUMBER
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MAX LTV
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RATE
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MAX TERM
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POINTS
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APR
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Monthly Payments per $1000
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Mass Advantage |
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09730MH
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97%
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6.750%
|
30 yrs
|
0
|
6.795%
|
$6.49 |
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09730MHL
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97%
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6.500% ** |
30 yrs
|
0
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6.544%
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$6.32 |
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09740MH
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97%
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6.875% |
40 yrs
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0
|
6.914%
|
$6.12 |
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09740MHL
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97%
|
6.625% ** |
40 yrs
|
0
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6.663%
|
$5.94 |
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My Community |
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010030MC
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100%
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7.125% |
30 yrs
|
0
|
7.171%
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$6.74 |
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** For Borrowers with income at or below 80% of area median.
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Land Loan
Three Year Fixed
One Year Adjustable Rate Mortgage
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PRODUCT NUMBER
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MAX LTV
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RATE
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MAX TERM
|
MARGIN
|
POINTS
|
APR
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Monthly Payments per $1000
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**0-380-0000-3000-26L
|
80%
|
5.750%*
|
15 yrs
|
3.000%
|
0
|
5.500%
|
$8.30 |
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* The Rate is subject to increase after consummation.
** Buildable Lot with Satisfactory Perc Test or Town Water/Sewer.
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Secondary Market Fixed Rate Products
for 1-4 Family Investment Properties
Secondary Market Interest rates and fees are subject to Credit and
Appraisal Review
60 Day Rate Locks Available
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PRODUCT NUMBER
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MAX LTV
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RATE
|
MAX TERM
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POINTS
|
APR
|
Monthly Payments per $1000
|
|
|
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17030IV
|
70%
|
6.750%
|
30 yrs
|
1
|
6.880%
|
$6.49 |
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|
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07030IV
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70%
|
7.125%
|
30 yrs
|
0
|
7.157%
|
$6.74 |
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Portfolio Adjustable Rate 1-4 Family Investment Properties
Five Year Fixed One Year Adjustable Mortgage
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PRODUCT NUMBER
|
MAX LTV
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RATE
|
MAX TERM
|
MARGIN
|
POINTS
|
APR
|
Monthly Payments per $1000
|
|
|
|
0-580-0000-3000-26
|
80%
|
6.250%*
|
30 yrs
|
3.000%
|
0
|
5.667%
|
$6.16 |
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* The Rate is subject to increase after consummation.
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Fixed Rate Home Equity Loans
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PRODUCT NUMBER
|
MAX CLTV
|
MAX TERM
|
Annual Percentage Rate
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|
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EL805
|
80%
|
5 yrs
|
5.625%
|
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EL8010-A
|
80%
|
10 yrs
|
5.875%
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EL8015-C
|
80%
|
15 yrs
|
6.125%
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Take 1/8% (0.125%) off Equity Loan Rates
for Existing Greenfield Savings 1st Mortgage Customers
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Equity Credit
Lines
|
|
PRODUCT |
MAX CLTV
|
MAX TERM |
MINIMUM LOAN AMT |
MARGIN
|
FLOOR |
CEILING |
ANNUAL PERCENTAGE RATE
|
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|
ECLA ** |
80%
|
15 yrs |
$25,000
|
0%
|
5%
|
15%
|
5.250% * |
|
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|
** $25,000 minimum draw at
closing
Interest rate fixed for the first 3 years then floating with
WSJ Prime. |
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ECLB
|
80%
|
15 yrs |
$10,000
|
0%
|
5%
|
15%
|
5.000% * |
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* The Rate is subject to increase after consummation.
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Equity Credit Line Specifications & Rates
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Property Type
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1–4 Family Owner Occupied
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INDEX |
Wall
Street Journal Prime *** |
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Property Valuation
|
Maximum Combined Loan-to-Value (CLTV) is a percentage
of current assessed value OR GSB appraisal in the past two (2) years
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Appraisal Fee
|
$175 if required
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Closing Costs
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$175 for loan amounts equal to or exceeding $25,000
$375 for loan amounts less than $25,000
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*** The Annual Percentage Rate may vary. As of May 2, 2008 the Wall Street Journal
Prime was 5.000%. Consult your tax advisor about how this may affect your
taxes. Property insurance and flood insurance (if applicable) is required.
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The Bank reserves the right to change the rate & terms
of mortgage programs without notice. The above products
will be available for 90 days from the date a completed
application is received by the Bank.
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