Buy in July
30 Year Adjustable-Rate Mortgage For 1-4 Family Owner Occupied Properties
Fixed for 7 Years / 1 Year adjustable thereafter.*
• Rate Reductions • $750 Closing Cost Credit • No Application Fee • Interest Rate Protection • No Points • Down Payment Assistance Program
This year's Buy in July Mortgage Special includes special rate reductions:
• 1/2 Percent Rate Reduction for First Time Home Buyers
• 1/4 Percent Rate Reduction for Repeat Home Buyers
Plus, if you qualify for our new Down Payment Assistance Program, you could take advantage of an additional 1/8 percent Rate Reduction.†
This year’s Buy in July Mortgage Special features a low interest rate and includes Interest Rate Protection! You can apply in person at any of our offices or online. Act now before July passes by!
Get Prequalified
• 30 Year Adjustable Rate Mortgage
• Fixed for 7 Years / 1 Year adjustable thereafter.*
• Fixed for 7 Years / 1 Year adjustable thereafter.*
- No Application Fee
- No Points
- Apply on our Prequalification page
- Find a GSB Office near you
- Call our Residential Lending Team: (413) 775-8200
Down Payment Assistance Program (New this year!)
This year's Buy in July Mortgage Special can also be paired with our Down Payment Assistance Program! You could get up to $25,000 towards your down payment or closing costs and get an additional 1/8 percent rate reduction off your mortgage! † That's cause for celebration!
Down Payment Assistance is available on all of our mortgage products including the Buy in July Mortgage Special!
Down Payment Assistance is available on all of our mortgage products including the Buy in July Mortgage Special!
Interest Rate Protection
If interest rates drop in the future, you can ask to have your interest rate reduced without having to pay the full cost of a refinance. The cost of the reduction in interest rate is based on the outstanding principal balance of the mortgage at the time of the request.
Contact a loan officer for full terms and conditions. (413) 775-8200
Buy in July Mortgage Special
| Product Description | Rate |
Maximum
Term
|
Margin | Discount Points | Annual Percentage Rate (APR) | Monthly Payments | Payments Per $1,000 (Fully Indexed) |
|---|---|---|---|---|---|---|---|
| 7/1 Adjustable Rate Mortgage* |
84 Months@5.250 %
12 Months@6.875%
263 Months@6.875%
1 Month@6.875%
|
30 Years
|
2.875%
|
0 | 6.125% | 360 |
84@$5.52
12@$6.38
263@$6.38
1@$6.40
|
Payments do not include Real Estate Taxes & Insurance. The actual payment obligation may be greater. Your rate may be subject to increase based on credit, loan to value, property type, appraisal review, and other factors and may be different than the rates posted. The bank reserves the right to change the rate and 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. Annual percentage rates (APRs) listed above are based on a $250,000 loan amount and a 20% down payment. Subject to credit approval. Rates may be subject to change without notice. Property insurance will be required; flood insurance may be required. Please call our mortgage professionals for more information.
*Rates subject to increase after consummation. ARM Caps 2% per adjustment / 5% lifetime. Rates and payments subject to adjust after the first 7 years and annually thereafter. Please see a mortgage professional at Greenfield Savings Bank for more details.
Rates are current as of .
The Adjustable Rate Indices Used Are: 1 Year Treasury constant maturity weekly average for a 1 Year Review-Index: 4.000%
** Offer available to first time home buyers only. To receive 1/2 percent reduction on the interest rate of your new Greenfield Savings Bank Buy in July Mortgage Special Rate, you must apply for your mortgage before July 31, 2026 and close on your mortgage before September 30, 2026. 1/2 percent interest rate reduction is off of the posted interest rate at time of application. Offer not applicable to bi-weekly mortgages and is only for the purchase of owner-occupied one-to-four family primary residences in Franklin and Hampshire counties. This offer is subject to credit approval and is subject to change or cancellation at any time. Your rate may be subject to increase based on credit, loan to value, property type and appraisal review.
*** Offer available to repeat home buyers only. To receive 1/4 percent reduction on the interest rate of your new Greenfield Savings Bank Buy in July Mortgage Special Rate, you must apply for your mortgage before July 31, 2026 and close on your mortgage before September 30, 2026. 1/4 percent interest rate reduction is off of the posted interest rate at time of application. Offer not applicable to bi-weekly mortgages and is only for the purchase of owner-occupied one-to-four family primary residences in Franklin and Hampshire counties. This offer is subject to credit approval and is subject to change or cancellation at any time. Your rate may be subject to increase based on credit, loan to value, property type and appraisal review.
† Down Payment Assistance Program Guidelines:
Program funds are limited and subject to availability. This Down Payment Assistance (DPA) program provides assistance in the form of a 0% interest deferred loan, which becomes due and payable upon sale, transfer of title, or payoff of the first mortgage.
>Assistance amounts are based on the applicant(s) income only and are as follows: up to $25,000 for borrowers at or below 80% of Area Median Income (AMI), and up to $20,000 for borrowers between 80% and 120% of AMI. Income eligibility is determined based solely on applicant(s) income and does not include other household income.
Funds may be used toward down payment and/or closing costs only. No cash back to the borrower is permitted. Eligibility requirements include:
>Assistance amounts are based on the applicant(s) income only and are as follows: up to $25,000 for borrowers at or below 80% of Area Median Income (AMI), and up to $20,000 for borrowers between 80% and 120% of AMI. Income eligibility is determined based solely on applicant(s) income and does not include other household income.
Funds may be used toward down payment and/or closing costs only. No cash back to the borrower is permitted. Eligibility requirements include:
- Minimum loan-to-value (LTV) ratio of 90%
- Maximum debt-to-income (DTI) ratio of 45%
- Maximum liquid assets of $20,000 (excluding retirement accounts such as 401(k) or IRA)
- Minimum borrower contribution of $1,000
- Maximum allowable gift funds of $5,000
- Completion of an approved first-time homebuyer education course
Additional 1/8 percent reduction on the interest rate of any Greenfield Savings Bank (GSB) mortgage product is available to qualified borrowers who set-up Automatic Loan Payments (ALP) from a qualifying GSB checking account. Seller concessions are permitted in accordance with applicable Freddie Mac guidelines. This is not a commitment to lend. Additional terms, conditions, and restrictions may apply. Program guidelines are subject to change without notice. Borrowers must qualify for the first mortgage and meet all program requirements.