Featured Fixed Rates
| Term Years | Example Loan Amount | Loan To Value | Initial Rate | Points | Ppfc | Apr | Monthly Payment | Total Paid At End Of Loan | |
|---|---|---|---|---|---|---|---|---|---|
| Fixed 30 Years - Servicing Retained | 30 | 200000 | 6.375 | 0.011 | 1851 | 6.464 | 1247.74 | 449186.33 | |
| Fixed 15 Years - Servicing Retained | 15 | 200000 | 5.750 | 0.209 | 1851 | 5.925 | 1660.82 | 298947.63 | |
| Jumbo Fixed- 30 Years | 30 | 726201 | 6.625 | 0 | 1851 | 6.650 | 4649.94 | 1673980.06 | |
| Jumbo Fixed- 15 Years | 15 | 726201 | 6.125 | 0 | 1851 | 6.165 | 6177.25 | 1111904.49 | |
| Construction 30 Year Fixed | 30 | 200000 | 6.625 | 0 | 4276 | 6.831 | 1280.62 | 461023.89 |
Updated March 7, 2023
All Conventional Rates are quoted for a 45 day lock. Construction rates are quoted for a 60 day lock. Longer lock periods may be available. Payments do not include amounts for taxes and any insurance premiums or any homeowners’ association dues. Your actual payment obligation will be greater.
All Rates quoted are based on loans with a 40% down payment for single family dwellings as a primary residence. Portfolio rates are based on a maximum loan amount of $726,200. Jumbo rates are based on a loan amount greater than $726,201. To qualify for rates quoted a minimum credit score of 740 and other underwriting requirements must be met.
Portfolio, Jumbo and Construction Loans: Maximum loan to value calculations vary based on property type and occupancy status. Rates may vary due to property or loan characteristics.
Programs include escrows for taxes and insurance. To waive escrows for taxes on first lien Mortgages, a fee of .25% of the loan amount will be charged. This fee is not applicable to land, construction and equity products.
APR and Fees:
- APR = Annual Percentage Rate. The APR is a calculation designed to make it easier to compare loan estimates from different lenders, incorporating the different points and fees charged by the lenders as well as the stated interest rate.
- APRs on quoted Retained and Portfolio loans reflect the quoted interest rate and points as well as a $750 origination fee, $20 flood certification fee, $90 tax service fee, $166 appraisal management fee, $25 closing protection letter, and a $800 settlement fee for a purchase.
- Construction loans include a 1% construction fee on the first $500,000 of construction funds and then 1/2% of the excess amount above $500,000, for a 12 month construction period. Loans where the borrower acts as the general contractor (Self-Builds) will have a two (2)% construction fee schedule for a 12 month construction period. Longer construction periods may be available.
- APR’s on quoted construction loans include the quoted interest rate and points as well as a 1% construction fee, $750 origination fee, $20 flood certification fee, $90 tax service fee, $166 appraisal management fee, $25 closing protection letter, $250 plot plan fee, $175 Final Inspection Fee, and a $800 settlement fee. Fees quoted are for New Hampshire properties. Please contact a Mortgage Originator for Vermont fees.
Featured Adjustable Rates
| Term Years | Payments In First Adjustment Period | Loan Amount Example | Discount Or Premium Rate | Initial Rate Percentage | Points | Margin Percentage | Annual Cap | Lifetime Cap | Arm Index Value | Interim Go To | Fully Indexed Rate | Floor | Ppfc | Months Between Adjustments | Interest Only Amount Months | Interest Note | Annual Percentage Rate | Monthly Payment | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 5/1 ARM | 30 | 60 | 200000 | Discount | 6.125 | 0 | 3.000 | 2 | 6 | 4.559 | 7.5 | 3.500 | 1851 | 12 | 7.034 | PMT #1: 1215.22 4th Balance: 0.00 PMT 4th: 0.00 BAL X: 186393.90 PMT X: 1377.43 BAL Last: 1368.88 PMT Last: 1377.72 | |||
| 7/1 ARM | 30 | 84 | 200000 | Discount | 6.500 | 0 | 3.000 | 2 | 6 | 4.559 | 7.5 | 3.500 | 1851 | 12 | 7.065 | PMT #1: 1264.14 4th Balance: 0.00 PMT 4th: 0.00 BAL X: 180832.49 PMT X: 1376.84 BAL Last: 1368.29 PMT Last: 1377.12 | |||
| 10/1 ARM | 30 | 120 | 200000 | Discount | 7.000 | 0 | 3.000 | 2 | 6 | 4.559 | 7.5 | 3.500 | 1851 | 12 | 7.255 | PMT #1: 1330.60 4th Balance: 0.00 PMT 4th: 0.00 BAL X: 171624.77 PMT X: 1382.60 BAL Last: 1374.01 PMT Last: 1382.88 | |||
| 5/1 ARM Construction | 30 | 60 | 200000 | Discount | 6.250 | 0 | 3.000 | 2 | 6 | 4.559 | 7.5 | 3.500 | 4276 | 12 | 7.231 | PMT #1: 1231.43 4th Balance: 0.00 PMT 4th: 0.00 BAL X: 186674.48 PMT X: 1379.51 BAL Last: 1370.94 PMT Last: 1379.79 | |||
| 7/1 ARM Construction | 30 | 84 | 200000 | Discount | 6.625 | 0 | 3.000 | 2 | 6 | 4.559 | 7.5 | 3.500 | 4276 | 12 | 7.274 | PMT #1: 1280.62 4th Balance: 0.00 PMT 4th: 0.00 BAL X: 181206.56 PMT X: 1379.69 BAL Last: 1371.12 PMT Last: 1379.97 | |||
| 10/1 ARM Construction | 30 | 120 | 200000 | Discount | 7.125 | 0 | 3.000 | 2 | 6 | 4.559 | 7.5 | 3.500 | 4276 | 12 | 7.481 | PMT #1: 1347.44 4th Balance: 0.00 PMT 4th: 0.00 BAL X: 172126.08 PMT X: 1386.64 BAL Last: 1378.02 PMT Last: 1386.92 | |||
| Land Loan (1 year ARM) | 20 | 12 | 200000 | Discount | 7.125 | 0 | 3.500 | 2 | 6 | 4.559 | 8 | 4.000 | 1851 | 12 | 8.013 | PMT #1: 1565.64 4th Balance: 0.00 PMT 4th: 0.00 BAL X: 195311.17 PMT X: 1668.94 BAL Last: 1657.88 PMT Last: 1669.31 | |||
| Land Loan (3/1 ARM) | 20 | 36 | 200000 | Premium | 7.750 | 0 | 3.500 | 2 | 6 | 4.559 | 8 | 4.000 | 1851 | 12 | 8.038 | PMT #1: 1641.90 4th Balance: 0.00 PMT 4th: 0.00 BAL X: 185856.61 PMT X: 1669.47 BAL Last: 1658.41 PMT Last: 1669.84 |
Updated March 2, 2023
Payments do not include amounts for taxes and any insurance premiums or any homeowners’ association dues.. Your actual payment obligation will be greater. Monthly Payments are calculated using a $200,000 loan amount and the term quoted.
Programs include escrows for taxes and insurance. To waive escrows for taxes on first lien Mortgages, a fee of .25% of the loan amount will be charged. This fee is not applicable to land, construction and equity products.
- APR = Annual Percentage Rate. ARM = Adjustable Rate Mortgage; APR may increase after consummation.
- For Adjustable rates, fully indexed rate is the Secured Overnight Financing Rate (SOFR) plus the Maximum loan to value calculations vary based on property type and occupancy status. All APRs assume FICO Score of 740 and a down payment of 40%.
- Construction loans include a 1% construction fee on the first $500,000 of construction funds and then 1/2% on the amount above $500,000, for a 12 month construction period. Modular construction loan fees will cap out at the maximum construction loan fee of $5,000. Loans where the borrower acts as the general contractor (Self-Builds) will have a two (2)% construction fee schedule for a 12 month construction period.
- Interest rate on ARM loans may increase as much as 2% per annual adjustment period and a maximum of 6% from the initial rate over the lifetime of the loan. The interest rate on ARM loans may increase after the initial fixed rate period following closing.
- APRs for land loans reflect the quoted interest rate and points as well as a $750 origination fee, $20 flood certification fee, $90 tax service fee, $166 appraisal management fee, $25 closing protection letter, and a $800 settlement fee.
- APRs on quoted construction loans include a 1% construction fee, $750 origination fee, $20 flood certification fee, $90 tax service fee, $166 appraisal management fee, $25 closing protection letter, $250 plot plan fee, $175 Final Inspection Fee, and a $800 settlement fee.
Featured Home Equity Loans
Payments do not include taxes or insurance and actual payment may be greater. Rates quoted are for a single family, primary residence. To qualify for rates quoted a minimum credit score of 680 and other underwriting requirements must be met. All equity loans have a minimum loan amount of $10,000.00.
| Term Years | Example Loan Amount | Loan To Value | Initial Rate | Points | Ppfc | Apr | Monthly Payment | Total Paid At End Of Loan | |
|---|---|---|---|---|---|---|---|---|---|
| Home Equity Loan - Fixed Rate 5 Year | 5 | 10000 | 80 | 5.625 | 0 | 0 | 5.625 | 191.59 | 11495.35 |
| Home Equity Loan - Fixed Rate 10 Year | 10 | 10000 | 80 | 6.750 | 0 | 0 | 6.750 | 114.82 | 13778.89 |
| Home Equity Loan - Fixed Rate 15 Year | 15 | 10000 | 80 | 6.750 | 0 | 0 | 6.750 | 88.49 | 15928.37 |
| Home Equity Loan - Fixed Rate 20 Year | 20 | 10000 | 80 | 6.875 | 0 | 0 | 6.875 | 76.78 | 18427.53 |
Rates effective Monday, March 20, 2023
Home Equity Line of Credit
The payments do not include taxes or insurance premiums. The actual payment obligation will be greater.
6.240% intro rate for 12 months then Prime Rate based on Wall Street Journal, subject to increase.
Interest only during the advance period, 10 year advance period, after the initial advance period the line will convert to a 20 year repayment period of principal and interest.
$50.00 annual fee during advance period.
Closing Costs paid by lender, if the Line of Credit is paid in full and closed within three years of activation there will be a an early termination fee equal to the closing costs paid on your behalf, which includes flood certification fee, Settlement/Closing fee, Appraisal fee, Credit Report fee and recording fees. These costs could range from $400-$1,000.
Rates effective Monday, March 20, 2023
*For Home Equity Line of Credit, the interest rate and APR will be 6.240% for the first 12 months. After the first twelve months the rate will be adjusted monthly to the Wall Street Journal Prime Rate during the remaining advance period and is subject to change at any time. After the first twelve months, the interest rate will not go below 3.990% or above 18.00%. Based on these terms, and WSJ Prime = 7.750%, the variable APR would be 7.750 % after the first 12 months. Rates are quoted based on property being owner occupied or a second home with 80% CLTV and a credit score of 680.
Important Disclosures
General
Loan rates and terms may vary.
All loans subject to credit approval.
APR = Annual Percentage Rate
Minimum loan amount is $1,000.00 unless otherwise stated.
Contact us for further details.
Equal Opportunity Lender. Loans are made without regard to race, color,religion, national origin, handicap or familial status.