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Mortgage Loan Rates

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

FNMA Conforming Loan Amount Limits

1 Family     $417,000.00
2 Family     $533,850.00
3 Family     $645,300.00
4 Family     $801,950.00

Program	Term	Interest Rate	Points	APR	Monthly Payments per $1000 borrowed
1. Fixed Mortgage Loan Rates (Effective: Wednesday, February 08, 2012)
Fixed Rate Mortgages	10 years	3.000%	0	3.189%	$9.66
	15 years	3.250%	0	3.381%	$7.03
	20 years	3.750%	0	3.853%	$5.93
	30 years	3.875%	0	3.949%	$4.70

Program	Term	Interest Rate	Points	APR	Monthly Payments per $1000 borrowed
2. Special Jumbo Program* (Effective: Wednesday, February 08, 2012)
30 Year	360 months	4.125%	0	4.201%	$4.85

15 Year	180 months	3.990%	0	4.124%	$4.77
* (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, February 08, 2012)

Program

Term

Interest Rate

Points

APR

Monthly Payments
per $1000 borrowed

*3/1 Year ARM

(Fully indexed rate: 3.000%)

360 months

3.240%

3.199%

1	to	3 years	$4.35
4	to	30 years	$4.51

**5/1 Year ARM

(Fully Indexed Rate: 3.125%)

360 months

3.490%

3.388%

1	to	5 years	$4.48
6	to	30 years	$4.81

**7/1 Year ARM

(Fully Indexed Rate: 3.125%)

360 months

3.990%

3.657%

1	to	7 years	$4.77
8	to	30 years	$5.08

*
The "Monthly Payments per $1000 borrowed" amounts referenced above do not include real estate taxes and insurance. The actual monthly payment will be higher if an escrow account is established or required.

*Caps- 2/6 w/2.875% margin on the 3/1 ARM
**Caps- 2/6 with 3% margin on the 5/1 & 7/1 ARMs.
(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) Current fully indexed rate is based on the weekly average yield on U.S. Treasury Securities adjusted to constant maturities of 1 year for our adjustable rate mortgage rates. Current index is .12%.
(3) Annual Percentage Rate (APR) may increase after consummation.
All posted rates are considered benchmark rates. Your actual rate and points may be different.