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Mortgage Rates
Mortgage and Home Equity Line / Loan Rates
Effective Date July 26, 2010
Rates Subject to Change Without Notice |
| Loan Type |
Rate* |
Points |
APR** |
Minimum Down Payment |
Estimated payment per $1,000 |
| Conforming Fixed |
| 30 Year Fixed Rates |
4.125% |
2 |
4.337% |
5% |
$4.85 |
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4.250% |
1 |
4.377% |
5% |
$4.92 |
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4.500% |
0 |
4.543% |
5% |
$5.07 |
| 20 Year Fixed Rates |
4.000% |
2 |
4.292% |
5% |
$6.06 |
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4.125% |
1 |
4.300% |
5% |
$6.13 |
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4.250% |
0 |
4.308% |
5% |
$6.19 |
| 15 Year Fixed Rates |
3.625% |
2 |
3.996% |
5% |
$7.21 |
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3.750% |
1 |
3.972% |
5% |
$7.27 |
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3.875% |
0 |
3.948% |
5% |
$7.33 |
| 10 Year Fixed Rates |
3.625% |
2 |
4.163% |
5% |
$9.95
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3.750% |
1 |
4.071%
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5% |
$10.01 |
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3.875% |
0 |
3.981% |
5% |
$10.07 |
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*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.
 for Additional Disclosure Information
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| New First Mortgage |
3/1 ARM Interest Only for 1st 10 Years
with an additional 20 year repayment of principal and interest to maturity |
5.00% |
1 |
5.535% |
5% |
$4.99 |
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2% Adjustment - 6% Life 3% Margin tied to the 1-Year Treasury Bill Margin Affects APR.
APR calculated on fully indexed rate.
for Disclosure Information
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| Conforming ARMs |
| 10-30 Year Term - 1/1 ARM |
4.000% |
0 |
5.435% |
5% |
$4.77 |
| 10-30 Year Term - 3/3 ARM |
4.125% |
0 |
5.234% |
5% |
$4.85 |
2% Adjustment -6% Life 2.75% on 1/1 & 2.875% Margin on 3/3. Margin Affects APR.
for Disclosure Information |
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| First Time Homebuyers/MassHousing |
| 30 Year Term - Fixed Rate |
4.375% |
2 |
4.601% |
3% |
$4.99 |
| 30 Year Term - Fixed Rate |
4.500% |
1 |
4.640% |
3% |
$5.07 |
| 30 Year Term - Fixed Rate |
4.750% |
0 |
4.806% |
3% |
$5.22 |
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Call our Mortgage Originators for other MassHousing Specials.
Annual Percentage Rate. All APR's based on $100,000 Loan Amount with 20% Down Payment
for Disclosure Information
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| Loan Type |
Term |
APR |
Min/Max Amounts |
Estimated payment per $1,000 |
| Home Equity Loans - Second Mortgage Fixed |
| LTV 80%< |
1-7 Years |
5.000% |
$5,000 min |
$14.13 |
| LTV 80%< |
8-10 Years |
5.250% |
$5,000 min |
$10.73 |
| LTV 80%< |
11-15 Years |
5.375% |
$5,000 min |
$8.10 |
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Maximum 70% LTV at the posted rate. Additional .25% to the rate above if LTV is 70.01% to 80%. Appraisals required at at fee of $200 to $275 paid by the Borrower(s).
Special closing offers do not include the appraisal fees.
for Disclosure Information
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| Convertible Home Equity - Line of Credit |
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10-20 Years |
3.00%1 |
$5,000 min |
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1Introductory rate. Fixed for 9 months, then Prime Rate + 0% adjusted monthly (Prime Rate is at 3.25%). After 9 months, Prime Rate - .25% with automatic payment from First Citizens' Checking. However, never lower than the floor rate of 4.00%. 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.
** Annual Percentage Rate. All APR's based on $100,000 Loan Amount with 20% Down Payment
for Disclosure Information
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