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CONFORMING LOAN AMOUNTS |
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Loans meeting secondary market guidelines |
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Single family loans to $417,000 |
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Effective Date: |
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Term |
Rate |
Points |
A.P.R. |
Pmt per $1,000 |
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30 year fixed
rate |
5.500% |
2 |
5.731% |
$5.68 |
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5.750% |
0.75 |
5.907% |
$5.84 |
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6.000% |
0 |
6.049% |
$6.00 |
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6.500% |
0/0 |
6.500% |
$6.32 |
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20 year fixed
rate |
5.375% |
2 |
5.676% |
$6.81 |
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5.625% |
0.75 |
5.906% |
$6.95 |
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5.875% |
0 |
5.939% |
$7.09 |
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6.500% |
0/0 |
6.500% |
$7.46 |
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15 year fixed
rate |
4.875% |
2 |
5.247% |
$7.84 |
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5.250% |
0.75 |
5.442% |
$8.04 |
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5.500% |
0 |
5.568% |
$8.17 |
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6.250% |
0/0 |
6.250% |
$8.57 |
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10 year fixed
rate |
4.875% |
1.75 |
5.365% |
$10.55 |
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5.125% |
0.75 |
5.397% |
$10.67 |
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5.375% |
0 |
5.484% |
$10.79 |
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Rates Subject to change without notice |
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Add .25% to above fixed rates for
construction/permanent loan program |
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Maximum loan-to-values (LTV) for single family, owner
occupied residences on the above loans: |
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*Purchase: 97% (fixed rate), 95% (adjustable rate) |
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Construction/permanent: 85% |
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Limited cash out refinance: 95% (principal balance +
closing costs + maximum 2% cash back) |
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Cash out refinance 90% (fixed rate), 75% (adjustable
rate) |
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*100% LTV
allowed under Mass Housing Products 0/0 Loan
Programs – Minimum Loan Amount of $100,000.00 |
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SPECIAL ARM PROGRAMS |
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Single family loans to $500,000 |
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Effective Date: |
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Term |
Rate |
Points |
A.P.R. |
Pmt per $1,000 |
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Three/one adjustable
rate |
5.250% |
0 |
5.306% |
$5.52 |
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Five/one
adjustable rate |
5.500% |
0 |
5.226% |
$5.68 |
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Annual percentage rate subject to change. APR may
increase after consummation. |
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Maximum loan-to-values (LTV) for single family, owner
occupied residences on the above loans:
95% to $417,000; 90% to $500,000 |
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Above rates based on auto payment from Mayflower Bank
checking account, otherwise rate is .25% higher |
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JUMBO LOAN AMOUNTS |
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Single family loans over $417,000 |
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Effective Date: |
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Term |
Rate |
Points |
A.P.R. |
Pmt per $1,000 |
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30 year fixed
rate |
6.625% |
0 |
6.663% |
$6.40 |
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15 year fixed
rate |
6.125% |
0 |
6.184% |
$8.51 |
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Above jumbo loan rates are for the purchase of a
primary single family residence with maximum 80% LTV. |
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PORTFOLIO LOAN PROGRAMS |
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Effective Date: |
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Term |
Rate |
Points |
A.P.R. |
Pmt per $1,000 |
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Five/One ARM |
7.875% |
1.5 |
7.907% |
$7.25 |
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One year ARM |
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(primary residence) |
6.875% |
1.5 |
6.357% |
$6.57 |
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(second home) |
7.375% |
1.5 |
6.864% |
$6.91 |
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