Mortgage Rates
Effective as of 11/20/2024 and subject to change without notice
FIXED RATE CONFORMING MORTGAGES
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*Annual Percentage Rate (APR) subject to change without notice. APR is calculated based on $150,000 30 year loan with a 20% down payment. Loan-to-value ratio above 80% requires private mortgage insurance. Valid for the purchase or refinance of an owner occupied, 1-4 family residence located within MA. Homeowners insurance is required. Flood insurance may be required. Payments do not include taxes and insurance. Actual payment amount may be higher. Subject to credit approval. Maximum loan amount $766,550. Other restrictions may apply.
MASSACHUSETTS HOUSING PARTNERSHIP ONE MORTGAGE
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*Annual Percentage Rate (APR) subject to change without notice. APR is calculated based on $100,000 loan with a 20% down payment. Loan-to-value ratio above 80% may require private mortgage insurance. Valid for the purchase of an owner occupied, 1-4 family principal residence located in MA. Homeowners insurance is required. Flood insurance may be required. Payments do not include taxes and insurance. Actual payment may be higher. Subject to credit approval and secondary market investor guidelines. Maximum loan and income limits apply. Other restrictions may apply.
OTHER FIRST TIME HOMEBUYER PROGRAMS AVAILABLE - CONTACT A LOAN OFFICER FOR RATES AND INFORMATION
FIXED RATE HOME EQUITY LOANS
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*Annual Percentage Rate (APR) subject to change without notice. APR is calculated based on $100,000 loan. Minimum loan amount $10,000. Maximum Loan amount is the lessor of $500,000 or a combined loan to value equal to 75% of the appraisal value less any existing first mortgage balance. Property must be an owner occupied, 1-4 family residence located in MA. Homeowners insurance is required. Flood insurance may be required. Payments do not include taxes and insurance. Actual payment amount may be higher. Subject to credit approval. Other restrictions may apply.
HOME EQUITY LINE OF CREDIT
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*Annual Percentage Rate (APR) subject to change without notice. Variable rate loan adjusted monthly based on the Prime Rate published in the Wall Street Journal minus 0.50% (or minus 1.00% with automatic loan payments from a TCB checking account). Rate and annual percentage rate (APR) may increase after consummation. Maximum APR 18.00%. Minimum APR 4.00%. Property must be an owner occupied 1-4 family residence located in MA. Minimum credit line $10,000. Maximum credit line is the lessor of $500,000 or a combined loan to value equal to 75% of the appraised value less any existing first mortgage balance. Subject to credit approval. Homeowners insurance is required. Flood insurance may be required. 20yr Loan with a 10yr draw period followed by a 10yr repayment period. Minimum draw $500. Minimum monthly payment during draw period is based on interest due. During repayment, minimum monthly payment will be equal to the principal balance outstanding on the last day of the draw period, amortized over 120 months. The minimum monthly payment will change whenever the APR changes. Payment amounts do not include taxes and insurance. A recurring annual fee of $50 is required. Cancellation fee of $350 is required if the credit line is formally closed within 2 years. Lender’s Title Insurance may be required. Other fees, terms and conditions may apply. WSJ PRIME RATE AS OF 11/8/2024 IS 7.750%
**HELOC Prime Minus 1.00%: Rate/APR reflect a 0.500% discount for the establishment and maintenance of automatic recurring loan payments from a TCB checking account. Without automatic loan payments, the rate/APR would be 0.500% higher.