Mortgage Loan Rates

Owner occupied 1-4 Family, Condos, Primary Residence and Second Homes.

FNMA Conforming Loan Amount Limits                         Permanent High Cost-Area Loan Limits    

1 Family $417,000.00                                                 1 Family $465,750.00
2 Family $533,850.00                                                 2 Family $592,250.00
3 Family $645,300.00                                                 3 Family $720,700.00
4 Family $801,950.00                                                 4 Family $895,700.00

1. Fixed Mortgage Loan Rates (Effective: Wednesday, August 18, 2010)
Program	Term	Interest Rate	Points	APR	Monthly Payments per $1000 borrowed
Fixed Rate Mortgages	10 years	3.990%	0	4.178%	$10.12
	15 years	3.990%	0	4.124%	$7.39
	20 years	4.375%	0	4.481%	$6.26
	30 years	4.500%	0	4.577%	$5.07

2. Special Jumbo Program* (Effective: Wednesday, August 18, 2010)
Program	Term	Interest Rate	Points	APR	Monthly Payments per $1000 borrowed
30 Year	360 months	5.125%	0	5.205%	$5.44
15 Year	240 months	4.990%	0	5.127%	$5.36
* (Loan Amounts $417,000 to $1,000,000 on 1-4 family owner occupied property. For Loan amounts between $417,000 to $750,000 the LTV cannot be greater than 75% And the maximum LTV for amounts greater than $750,000 is 70%. Only available in Middlesex and Essex Counties. Must have autopay from a WCB account and account must be opened before loan closing. If no autopay the rate is .25% higher)

3. Adjustable Rate Mortgages* (Effective: Wednesday, August 18, 2010)
Program	Term	Interest Rate	Points	APR	Monthly Payments per $1000 borrowed
3/1 Year ARM (Fully indexed rate: 3.125%)	360 months	3.990%	0	3.433%	1   to  3 years   $4.77 4   to  30 years   $4.57
5/1 Year ARM (Fully Indexed Rate: 3.125%)	360 months	4.125%	0	3.568%	1   to  5 years   $4.85 6   to  30 years   $4.81
7/1 Year ARM (Fully Indexed Rate: 3.125%)	360 months	4.500%	0	3.866%	1   to  7 years   $5.07 8   to  30 years   $5.08
* (Only available in assessment area - Wakefield, Lynnfield, Reading, North Reading, Peabody, Saugus, Stoneham, Melrose and Medford) Must have autopay from a WCB account opened before loan closing. If no autopay the rate is .25% higher.) Also Available No Points no closing costs programs Investment Property Loan Loans to 1st time Homebuyers Bridge Loans Special Features 60 day Rate locks available at application No prepayment Penalties (1)Annual Percentage Rate (APR) assumes a $100,000 loan with a 20% down payment, except for Jumbo Loans. Fixed rate and adjustable rate loans are available with a 5% minimum down payment with PMI. (2) Caps - 2% Per Adjustment/6% Lifetime The Margin is 2.875% over the weekly average yield on U.S. Treasury Securities adjusted to constant maturities of 1 year for the 3/1 Year ARM, 5/1 Year ARM and 7/1 Year ARM. Current index is .25%. Current fully indexed rate, rounded to the nearest 1/8th , is 3.125%. Annual Percentage Rate (APR) may increase after consummation. All posted rates are considered benchmark rates. Your actual rate and points may be different.

4. First Time Home Buyer Special** (Effective: Wednesday, August 18, 2010)
Program	Term	Interest Rate	Points	APR	Monthly Payments per $1000 borrowed
5/1 ARM (Fully indexed rate: 3.125%)	360 months	3.990%	0	3.539%	1   to  5 years   $4.77 6   to  30 years   $4.81
***5/1 ARM (Fully indexed rate: 3.125%)	360 months	4.250%	0	3.554%	1   to  5 years   $4.92 6   to  30 years   $4.81
****NO POINTS/NO CLOSING COSTS (*For first time homebuyers only (no property ownership in the last 3 years). As little as 3% down. Owner occupied single family homes and Fannie Mae acceptable condos. Only available in assessment area - Wakefield, Lynnfield, Reading, North Reading, Peabody, Saugus, Stoneham, Melrose and Medford.