Mortgage Rates
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Mortgage and Home Equity Line / Loan Rates
Effective Date January 06, 2009
Rates Subject to Change Without Notice |
| *Rates are based on borrowers opening a First Citizens' Checking account with direct deposit
*Add .50% to each rate tier if borrowers decide not to open a First Citizens' Checking account with direct deposit
*Mass Housing Rates (MHFA) excluded from additional .50% increase in rates
|
| Loan Type |
Rate |
Points |
APR* |
Minimum Down Payment |
Estimated payment per $1,000 |
| Conforming Fixed |
| 20-30 Year Fixed Rate |
5.000% |
2 |
5.196% |
5% |
$5.37 |
| 20-30 Year Fixed Rate |
5.125% |
1 |
5.232% |
5% |
$5.44 |
| 20-30 Year Fixed Rate |
5.250% |
0 |
5.267% |
5% |
$5.52 |
| 10-15 Year Fixed Rate |
4.875% |
2 |
5.212% |
5% |
$7.84 |
| 10-15 Year Fixed Rate |
5.000% |
1 |
5.183% |
5% |
$7.91 |
| 10-15 Year Fixed Rate |
5.125% |
0 |
5.155% |
5% |
$7.97 |
*APR Based on Maximum Term
Click Here for Disclosure Information |
|
| New First Mortgage |
3/1 ARM Interest Only for 1st 10 Years
with an additional 20 year repayment of principal and interest to maturity |
5.990% |
1 |
5.213% |
5% |
$4.99 |
2% Adjustment - 6% Life 3% Margin tied to the 1-Year Treasury Bill Margin Affects APR.
APR calculated on fully indexed rate. Click Here for Disclosure Information |
| |
| Conforming ARMs |
| 10-30 Year Term - 1/1 ARM |
5.125% |
2 |
5.439% |
2% |
$5.44 |
| 10-30 Year Term - 1/1 ARM |
5.375% |
1 |
5.368% |
5% |
$5.60 |
| 10-30 Year Term - 1/1 ARM |
5.500% |
0 |
5.289% |
5% |
$5.68 |
| 10-30 Year Term - 3/3 ARM |
5.375% |
2 |
6.142% |
5% |
$5.60 |
| 10-30 Year Term - 3/3 ARM |
5.750% |
1 |
6.143% |
5% |
$5.84 |
| 10-30 Year Term - 3/3 ARM |
6.000% |
0 |
6.112% |
5% |
$6.00 |
2% Adjustment -6% Life 2.75% on 1/1 & 2.875% Margin on 3/3. Margin Affects APR.
Click Here for Disclosure Information |
| |
| First Time Homebuyers/MassHousing |
| 30 Year Term - Fixed Rate |
5.250% |
2 |
5.275% |
3% |
$5.52 |
| 40 Year Term - Fixed Rate |
5.375% |
2 |
5.503% |
3% |
$5.07 |
| 30 Year Term - Fixed Rate |
5.500% |
0 |
5.522% |
3% |
$5.68 |
| 40 Year Term - Fixed Rate |
5.625% |
0 |
5.680% |
3% |
$5.24 |
Call our Mortgage Originators for other MassHousing Specials.
Click Here for Disclosure Information
Annual Percentage Rate. All APR's based on $100,000 Loan Amount with 20% Down Payment
|
| Loan Type |
Term |
APR |
Min/Max Amounts |
Estimated payment per $1,000 |
| Home Equity Loans - Second Mortgage Fixed |
| LTV 80%< |
1-7 Years |
6.25% |
$5,000 min |
$14.73 |
| LTV 80%< |
8-10 Years |
6.50% |
$5,000 min |
$11.36 |
| LTV 80%< |
11-15 Years |
7.00% |
$5,000 min |
$8.99 |
| Maximum 80% LTV. Special $99 Closing Costs available on 7 year term. Appraisals required at at fee of $200 to $275 paid by the Borrower(s). *Special closing offers do not include the appraisal fees. Click Here for Disclosure Information |
| |
| Convertible Home Equity - Line of Credit |
| |
10-20 Years |
3.125%1 |
$5,000 min |
|
1Introductory rate. Fixed for 6 months, then Prime * + 0% adjusted monthly (Prime is at 3.25%). After 6 months, Prime - .50% with automatic payment from First Citizens' Checking. Free Closing Costs (some restrictions may apply) Property Insurance required. Maximum APR 18%. Appraisals required at fee of $200 to $275 paid by the Borrower(s). *Special closing offers do not include the appraisal fees.Please refer to our Disclosure for more information. It's available at any branch, upon request by email or by clicking on the link below.
Click Here for Disclosure Information
* Annual Percentage Rate. All APR's based on $100,000 Loan Amount with 20% Down Payment
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