Rates
Count on us for competitive rates
Whether you have an interest-bearing checking option, savings account, Money Market, Certificate of Deposit (CD) or IRA, your deposits are fully insured and our competitive rates will help you grow your money.
Deposit Rates
Checking
| Account | Interest Rate | Annual Percentage Yield (APY) | Minimum Deposit to Open | Minimum Balance to Obtain APY* |
|---|---|---|---|---|
| Totally Free Checking: 50+ Free Interest Checking** | 0.03% | 0.03% | $1† | $1 |
| Totally Free Checking: VIP Free Interest Checking** | 0.03% | 0.03% | $1† | $1 |
| Higher Yield Checking (Tier One)** | 0.10% | 0.10% | $1† | $1 |
| Higher Yield Checking (Tier Two)** | 0.20% | 0.20% | - | $1,500 |
| Money Market** | 0.30% | 0.30% | - | $1,000 |
Savings
| Account | Interest Rate | Annual Percentage Yield (APY) | Minimum Deposit to Open | Minimum Balance to Obtain APY* |
|---|---|---|---|---|
| Everyday Savings** | 0.15% | 0.15% | $1 | $10 |
Certificates of Deposit
| Account | Interest Rate | Annual Percentage Yield (APY) | Minimum Deposit to Open | Minimum Balance to Obtain APY* |
|---|---|---|---|---|
| 91 Day | 3.75% | 3.80% | $1,000 | $10 |
| 6 Month | 0.35% | 0.35% | $1,000 | $10 |
| 6 Month Flex | 0.35% | 0.35% | $1,000 | $10 |
| 7 Month Special | 3.85% | 3.92% | $500 | $10 |
| 12 Month | 0.40% | 0.40% | $1,000 | $10 |
| 14 Month Special | 4.00% | 4.07% | $500 | $10 |
| 18 Month | 0.45% | 0.45% | $1,000 | $10 |
| 24 Month | 4.10% | 4.18% | $1,000 | $10 |
| 36 Month | 3.50% | 3.56% | $1,000 | $10 |
| 48 Month | 3.25% | 3.30% | $1,000 | $10 |
| 60 Month | 3.00% | 3.04% | $1,000 | $10 |
Individual Retirement Accounts
| Account Type | Interest Rate | Annual Percentage Yield (APY) | Minimum Deposit To Open | Minimum Balance to Obtain APY* |
|---|---|---|---|---|
| Totally Free Savings** | 0.20% | 0.20% | $10 | $10 |
| 6 Month | 0.35% | 0.35% | $1,000 | $10 |
| 7 Month Special | 3.85% | 3.92% | $500 | $10 |
| 12 Month | 0.40% | 0.40% | $1,000 | $10 |
| 14 Month Special | 4.00% | 4.07% | $500 | $10 |
| 18 Month | 0.45% | 0.45% | $1,000 | $10 |
| 24 Month | 4.10% | 4.18% | $1,000 | $10 |
| 36 Month | 3.50% | 3.56% | $1,000 | $10 |
| 48 Month | 3.25% | 3.30% | $1,000 | $10 |
| 60 Month | 3.00% | 3.04% | $1,000 | $10 |
† Suggested minimum deposit to open.
*Daily balance - the amount of principal in the account each day.
**Rate may change after opening.
Penalties for early withdrawal on CD's may be imposed. Fees could reduce the earnings on the above accounts.
Rates are subject to change anytime.
*Daily balance - the amount of principal in the account each day.
**Rate may change after opening.
Penalties for early withdrawal on CD's may be imposed. Fees could reduce the earnings on the above accounts.
Rates are subject to change anytime.
Home Equity & Line of Credit Loans Rates
Equity Credit Lines
Greenfield Savings Bank First Mortgage Customers *
| Loan Amount | Max Combined Loan-to-Value | Max Term | Margin | Min Annual Percentage Rate/Floor | Max Annual Percentage Rate | Fixed for the First Year Annual Percentage Rate** | Fully Indexed Annual Percentage Rate*** |
|---|---|---|---|---|---|---|---|
| ≤ $250,000.00 | 80% | 15 Years†† | 0% | 0.00% | 15% | 5.990% | 7.500% |
| $250,000.01 - $400,000.00† | 80% | 15 Years†† | 0% | 0.00% | 15% | 6.250% | 7.500% |
| ≥ $400,000.01† | 80% | 15 Years†† | 0% | 0.00% | 15% | 6.500% | 7.500% |
* No closing costs with automatic loan payment from a Greenfield Savings Bank checking account for GSB first mortgage customers.
** Interest Rate Fixed for the first year then floating with WSJ prime.
*** WSJ / Wall Street Journal Prime.
† Home Equity Line of Credit amounts over 250,000.00 in a first lien position will require full title, title insurance and municipal lien certificate.
Minimum Loan Amount $25,000.00
Rates Subject to Increase After Consummation.
Making minimum required payments will result in a balloon balance falling due at loan maturity.
Closing costs range between $811.00-$1,117.00.
Property insurance will be required; flood insurance may be required.
Early termination fee applies.
** Interest Rate Fixed for the first year then floating with WSJ prime.
*** WSJ / Wall Street Journal Prime.
† Home Equity Line of Credit amounts over 250,000.00 in a first lien position will require full title, title insurance and municipal lien certificate.
Minimum Loan Amount $25,000.00
Rates Subject to Increase After Consummation.
Making minimum required payments will result in a balloon balance falling due at loan maturity.
Closing costs range between $811.00-$1,117.00.
Property insurance will be required; flood insurance may be required.
Early termination fee applies.
Subject to Credit Approval.
†† 15 Year Draw Period / 10 Year Repayment Period under Max Term
Non-Greenfield Savings Bank First Mortgage Customers *†
| Loan Amount | Max Combined Loan-to-Value | Max Term | Margin | Min Annual Percentage Rate/Floor | Max Annual Percentage Rate | Fixed for the First Year Annual Percentage Rate** | Fully Indexed Annual Percentage Rate*** |
|---|---|---|---|---|---|---|---|
| ≤ $250,000.00 | 80% | 15 Years†† | 0% | 0.00% | 15% | 6.990% | 7.500% |
* No closing costs with automatic loan payment from a Greenfield Savings Bank checking account.
** Interest Rate Fixed for the first year then floating with WSJ prime.
*** WSJ / Wall Street Journal Prime.
† If HELOC combined with an existing first mortgage exceeds a combined loan amount of $250,000.00, the loan amount will require full title, title insurance and municipal lien certificate.
Minimum Loan Amount $25,000.00
Rates Subject to Increase After Consummation.
Making minimum required payments will result in a balloon balance falling due at loan maturity.
Closing costs range between $811.00-$1,117.00.
Property insurance will be required; flood insurance may be required.
Early termination fee applies.
** Interest Rate Fixed for the first year then floating with WSJ prime.
*** WSJ / Wall Street Journal Prime.
† If HELOC combined with an existing first mortgage exceeds a combined loan amount of $250,000.00, the loan amount will require full title, title insurance and municipal lien certificate.
Minimum Loan Amount $25,000.00
Rates Subject to Increase After Consummation.
Making minimum required payments will result in a balloon balance falling due at loan maturity.
Closing costs range between $811.00-$1,117.00.
Property insurance will be required; flood insurance may be required.
Early termination fee applies.
Subject to Credit Approval.
†† 15 Year Draw Period / 10 Year Repayment Period under Max Term
Equity Loans
Terms and Interest Rates for a Greenfield Savings Bank first mortgage only. Maximum loan amount $100,000.00
| Max Combined Loan-to-Value | Max Term | Index | Margin | Max Annual Percentage Rate | Annual Percentage Rate (APR) | Monthly Payments per $1,000 |
|---|---|---|---|---|---|---|
| 80% | 10 Years | Fixed | n/a | n/a | 6.625% | 120 monthly payments of 11.42 |
Terms and Interest Rates for a Greenfield Savings Bank first mortgage or second mortgage behind a Greenfield Savings Bank first mortgage.
| Max Combined Loan-to-Value | Max Term | Index | Margin | Max Annual Percentage Rate | Annual Percentage Rate (APR) | Monthly Payments per $1,000 |
|---|---|---|---|---|---|---|
| 80% | 5 Years | Fixed | n/a | n/a | 6.500% | 60 monthly payments of $19.57 |
| 80% | 10 Years | Fixed | n/a | n/a | 6.750% | 120 monthly payments of $11.48 |
| 80% | 15 Years | Fixed | n/a | n/a | 6.875% | 180 payments of $8.92 |
| 80% | 20 Years | Fixed | n/a | n/a | 7.125% | 240 payments of $7.83 |
Terms and Interest Rates for a second mortgage behind a NON Greenfield Savings Bank first mortgage.
| Max Combined Loan-to-Value | Max Term | Index | Margin | Max Annual Percentage Rate | Annual Percentage Rate (APR) | Monthly Payments per $1,000 |
|---|---|---|---|---|---|---|
| 80% | 5 Years | Fixed | n/a | n/a | 7.500% | 60 monthly payments of $20.04 |
| 80% | 10 Years | Fixed | n/a | n/a | 7.750% | 120 monthly payments of $12.00 |
| 80% | 15 Years | Fixed | n/a | n/a | 7.875% | 180 payments of $9.48 |
| 80% | 20 Years | Fixed | n/a | n/a | 8.125% | 240 payments of $8.44 |
Minimum Loan Amount $25,000.00
No closing costs with automatic loan payment from a Greenfield Savings Bank checking account on loans up to $250,000**
Closing costs range between $811.00 - $1,117.00
No closing costs with automatic loan payment from a Greenfield Savings Bank checking account on loans up to $250,000**
Closing costs range between $811.00 - $1,117.00
Payments do not include Real Estate Taxes & Insurance. The actual payment obligation may be greater.
**Loan amounts over $250,000.00 will require full title, title insurance and a municipal lien certificate.
Closing costs vary depending on loan amount.
For example, closing costs on an estimated loan amount of $275,000.00 range from $1,957.00 - $2,263.00.
A Lender credit will be applied ranging between $811.00 - $1,117.00 with automatic loan payments from Greenfield Savings Bank checking account
**Loan amounts over $250,000.00 will require full title, title insurance and a municipal lien certificate.
Closing costs vary depending on loan amount.
For example, closing costs on an estimated loan amount of $275,000.00 range from $1,957.00 - $2,263.00.
A Lender credit will be applied ranging between $811.00 - $1,117.00 with automatic loan payments from Greenfield Savings Bank checking account
Property insurance will be required; flood insurance may be required.
All Loans Subject to Credit Approval.
The Bank reserves the right to change the rate and terms of mortgage programs without notice.
Loan Origination Company Identifier #409187
All Loans Subject to Credit Approval.
The Bank reserves the right to change the rate and terms of mortgage programs without notice.
Loan Origination Company Identifier #409187
Residential Lending Rates
Mortgage Special: Fixed Rate Bi-Weekly For 1-4 Family Owner Occupied Properties
| Product Description | Rate | Maximum Term | Discount Points | Annual Percentage Rate (APR) | Monthly Payments | Payments Per $1,000 |
|---|---|---|---|---|---|---|
| 30-Year Fixed Bi-Weekly * | 6.250% | 30 Years | 0 | 6.312% | 360 | $3.08 |
*For the purchase and refinance of 1-4 family owner occupied properties. Requires Automatic Loan Payment from a Greenfield Savings Bank Checking Account. 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 are effective as of the date of this post. 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.
Purchase Special - First Time Home Buyer
| Product Description | Rate | Maximum Term | Margin | Discount Points | Annual Percentage Rate (APR) | Monthly Payments | Payments Per $1,000 (Fully Indexed) |
|---|---|---|---|---|---|---|---|
| First Time Home Buyer -10/1 Adjustable Rate Mortgage* |
120 Months@5.375 %
12 Months@7.000 %
227 Months@7.000 %
1 Month@7.000 %
|
30 Years | 3.000 % | 0 | 6.014 % | 360 |
120@$5.60
12@$6.38
227@$6.38
1@$6.36
|
Offer available to first time home buyers only. 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 are effective as of the date of this post. 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 10 years and annually thereafter. Certain adjustable rate loans may require that new borrowers attend a Home Buyer's Counseling Program and sign an OPT in form for certain adjustable rate products. Please see a mortgage professional at Greenfield Savings Bank for more details.
The Adjustable Rate Indices Used Are: 1 Year Treasury constant maturity weekly average for a 1 Year Review-Index: 3.990%
Purchase Special
| Product Description | Rate | Maximum Term | Margin | Discount Points | Annual Percentage Rate (APR) | Monthly Payments | Payments Per $1,000 (Fully Indexed) |
|---|---|---|---|---|---|---|---|
| 10/1 Adjustable Rate Mortgage* |
120 Months@5.625%
12 Months@7.000%
227 Months@7.000%
1 Month@7.000%
|
30 Years | 3.000% | 0 | 6.175% | 360 |
120@$5.76
12@$6.42
227@$6.42
1@$6.44
|
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 are effective as of the date of this post. 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 10 years and annually thereafter. Certain adjustable rate loans may require that new borrowers attend a Home Buyer's Counseling Program and sign an OPT in form for certain adjustable rate products. Please see a mortgage professional at Greenfield Savings Bank for more details.
The Adjustable Rate Indices Used Are: 1 Year Treasury constant maturity weekly average for a 1 Year Review-Index: 3.990%
Purchase Specials: Purchase for 1-4 Family Owner Occupied Properties
| Product Description | Rate | Maximum Term | Discount Points | Annual Percentage Rate (APR) | Monthly Payments | Payments Per $1,000 |
|---|---|---|---|---|---|---|
| 30-Year Fixed for Purchases | 6.500% | 30 Years | 0 | 6.582% | 360 | $6.32 |
| 30-Year Fixed for First Time Home Buyers* | 6.375% | 30 Years | 0 | 6.456% | 360 | $6.24 |
*Offer available to first time home buyers only.
Offer good on purchases of owner occupied 1-4 family properties. 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 are effective as of the date of this post. 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.
Fixed Rate Products for 1-4 Family Owner Occupied Properties
| Product Description | Rate | Maximum Term | Discount Points | Annual Percentage Rate (APR) | Monthly Payments | Payments Per $1,000 |
|---|---|---|---|---|---|---|
| 30-Year Fixed | 6.375% | 30 Years | 2 | 6.652% | 360 | $6.24 |
| 6.500% | 30 Years | 1 | 6.680% | 360 | $6.32 | |
| 6.625% | 30 Years | 0 | 6.708% | 360 | $6.40 | |
| 20-Year Fixed | 6.000% | 20 Years | 2 | 6.359% | 240 | $7.16 |
| 6.125% |
20 Years | 1 | 6.357% | 240 | $7.24 | |
| 6.250% | 20 Years | 0 | 6.356% | 240 | $7.31 | |
| 15-Year Fixed | 5.875 % | 15 Years | 2 | 6.323% | 180 | $8.37 |
| 6.000% | 15 Years | 1 | 6.289% | 180 | $8.44 | |
| 6.125% | 15 Years | 0 | 6.256% | 180 | $8.51 | |
| 10-Year Fixed | 5.875% | 10 Years | 0 | 6.057% | 120 | $11.04 |
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 are effective as of the date of this post. 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.
Fixed Rate Bi-Weekly Products for 1-4 Family Owner Occupied Properties*
| Product Description | Rate | Maximum Term | Discount Points | Annual Percentage Rate (APR) | Monthly Payments | Payments Per $1,000 |
|---|---|---|---|---|---|---|
| 30-Year Bi-Weekly | 6.250% | 30 Years | 2 | 6.531% | 360 | $3.08 |
| 6.375% | 30 Years | 1 | 6.547% | 360 | $3.12 | |
| 6.500% | 30 Years | 0 | 6.563% | 360 | $3.16 | |
| 20-Year Bi-Weekly | 5.875% | 20 Years | 2 | 6.234% | 240 | $3.55 |
| 6.000% | 20 Years | 1 | 6.219% | 240 | $3.58 | |
| 6.125% | 20 Years | 0 | 6.205% | 240 | $3.62 | |
| 15-Year Bi-Weekly | 5.625% | 15 Years | 2 | 6.070% | 180 | $4.12 |
| 5.750% | 15 Years | 1 | 6.021% | 180 | $4.15 | |
| 5.875% | 15 Years | 0 | 5.974% | 180 | $4.19 | |
| 10-Year Bi-Weekly | 5.750% | 10 Years | 0 | 5.889% | 120 | $5.49 |
*Requires Automatic Loan Payment from a Greenfield Savings Bank Checking Account. 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 are effective as of the date of this post. 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.
Adjustable Rates for 1-4 Family Owner-Occupied Properties
| Product Description | Rate |
Maximum
Term
|
Margin | Discount Points | Annual Percentage Rate (APR) | Monthly Payments | Payments Per $1,000 (Fully Indexed) |
|---|---|---|---|---|---|---|---|
| 5/1 Adjustable Rate Mortgage* |
60 Months@5.625 %
12 Months@6.750%
287 Months@6.750%
1 Month@6.750%
|
30 Years
|
2.750%
|
0 | 6.383% | 360 |
60@$5.76
12@$6.40
287@$6.40
1@$6.39
|
| 7/1 Adjustable Rate Mortgage* |
84 Months@5.875 %
12 Months@6.875%
263 Months@6.875%
1 Month@6.875%
|
30 Years
|
2.875%
|
0 | 6.438% | 360 |
84@$5.92
12@$6.46
263@$6.46
1@$6.47
|
| 10/1 Adjustable Rate Mortgage* |
120 Months@6.000 %
12 Months@7.000%
227 Months@7.000%
1 Month@7.000%
|
30 Years
|
3.000%
|
0 | 6.418% | 360 |
120@$6.00
12@$6.49
227@$6.49
1@$6.46
|
| 15/1 Adjustable Rate Mortgage* |
180 Months@6.500 %
12 Months@7.490%
167 Months@7.490%
1 Month@7.490%
|
30 Years
|
3.500 %
|
0 | 6.745% | 360 |
180@$6.32
12@$6.72
167@$6.72
1@$6.74
|
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 are effective as of the date of this post. 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 5/7/10/15 years and annually thereafter. Certain adjustable rate loans may require that new borrowers attend a Home Buyer's Counseling Program and sign an OPT in form for certain adjustable rate products. Please see a mortgage professional at Greenfield Savings Bank for more details.
The Adjustable Rate Indices Used Are: 1 Year Treasury constant maturity weekly average for a 1 Year Review-Index: 3.990%
Fixed Rate Land Loans*
| Product Description | Rate | Maximum Term | Discount Points | Annual Percentage Rate (APR) | Monthly Payments | Payments Per $1,000 |
|---|---|---|---|---|---|---|
| 15-Year Fixed Rate | 6.625% | 15 Years | 0 | 6.757% | 180 | $8.78 |
*Buildable Lot with Satisfactory Perc Test or Town Water/Sewer.
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 are effective as of the date of this post. 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.
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 are effective as of the date of this post. 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.
Loan Origination Company Identifier #409187
Mass Housing Rates / Mass Housing Partnership Rates
Residential Lending Rates
Mass Housing Partnership
Subject to Mass Housing Partnership Guidelines. 60 Day Rate Lock
| Product Description | Minimum Down Payment | Rate | Maximum Term | Points | Annual Percentage Rate (APR) | Monthly Payments | Payments Per $1,000 |
|---|---|---|---|---|---|---|---|
| Mass Housing Partnership - First Time Homebuyer Program * | 3% | 6.500 % | 30 Years | 0 | 6.582% | 360 | $6.32 |
* Available only to Mass Housing Partnership-eligible borrowers. Eligibility subject to income limits. Rates shown are for owner-occupied, primary residence purchases, and are subject to change at any time. Rates and monthly payment per $1,000 borrowed assume a FICO score of 660; a 3.0% down payment; a loan amount of $250,000; and include principal and interest only. Monthly payment does not include taxes, insurance, and, if applicable, estimated homeowners' association dues. Your actual payment will be greater. Property insurance will be required; flood insurance may be required. Completion of a homebuyer education course will be required. All loans subject to credit approval.
Mass Housing Products
| Product Description | Minimum Down Payment | Rate | Maximum Term | Points | Annual Percentage Rate (APR) | Monthly Payments | Payments Per $1,000 |
|---|---|---|---|---|---|---|---|
| Mass Housing Mortgage: First Time Homebuyer | 3% | 7.125% | 30 Years | 0 | 7.231% | 360 | $6.74 |
| Mass Housing Mortgage: First Time Homebuyer with Down Payment Assistance |
0% | 7.125% | 30 Years | 0 | 7.231% | 360 | $6.74 |
Available only to MassHousing-eligible borrowers. Eligibility subject to income limits and loan limits. Rates shown are for single-family & condominium, owner-occupied, primary residence purchases, and are subject to change at any time. Rates for refinances may be different. Rates and monthly payment per $1,000 borrowed assume a FICO score of 680; a 3.0% down payment; a loan amount of $250,000; and include principal and interest only. Monthly payment does not include taxes, insurance, and, if applicable, estimated mortgage insurance or homeowners' association dues. Your actual payment will be greater. MassHousing maximum loan amount is $726,200. MassHousing loans require mortgage insurance and 3.0% minimum down payment and escrow for Real Estate Taxes and Insurance maybe required. Property insurance will be required; flood insurance may be required. Completion of a homebuyer education course may be required. All loans subject to credit approval. Additional products, rates and terms are available. Non-first-time homebuyer rate also available upon request.
Homeowner Septic Repair, Home Improvement and Get The Lead Out loan programs also available.
Please contact a mortgage officer for more information.
Please contact a mortgage officer for more information.
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. Rates are effective as of the date of this post. Rates may be subject to change without notice. Please contact a Mortgage Officer for more information.
Loan Origination Company Identifier #409187