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Mortgage Loan Rates

For more information, or to apply now, visit our Online Mortgage Center

The Annual Percentage Rates are effective as of July 31, 2014

MORTGAGE PROGRAM

POINTS
INTEREST RATE
APR*
$ PER
$1000
30 Year Fixed*
2
4.000%
4.201%
$4.77
30 Year Fixed*
1
4.125% 4.241%
$4.85
30 Year Fixed*

No Points

4.250%
4.282%
$4.92
30 Year Fixed*

No Points
No Closing Costs

4.875%
4.875%

$5.29

20 Year Fixed*
2

3.750%

4.026%

$5.93
20 Year Fixed*
1 3.875% 4.035%
$5.99
20 Year Fixed*
No Points
4.000%
4.044%
$6.06
20 Year Fixed*

No Points
No Closing Costs

4.625% 4.625% $6.39

15 Year Fixed*

2

2.875% 3.221%

$6.85

15 Year Fixed*
1
3.125%
3.326%
$6.97
15 Year Fixed*
No Points
3.375% 3.430%
$7.09
15 Year Fixed*
No Points
No Closing Costs
4.000% 4.000%
$7.40
10 Year Fixed*
No Points
2.875%
2.955%
$9.60

5/1 Adjustable -

30 Year Mortgage

No Points 3.125%
3.001%
$4.28
         

Payments do not include amounts for taxes and insurance premiums.

For more information, or to apply now, visit our Online Mortgage Center

Conventional Mortgage Limits as follows*:

Type

Maximum Amount
One Unit
$417,000.00
Two Units
$533,850.00
Three Units
$645,300.00
Four Units
$801,950.00
*Limits vary per State/Country

 

Jumbo Loan Rates **

-MAX LTV-80%

Purchases Primary Residence Only-(other rates available for condos and second homes)

Term in Years
Points
Interest Rate
APR
$ per $1000
Jumbo Loan Rate
30
0
4.500%
4.524%
$5.07
Jumbo Loan Rate- 5/1 Year Adjustable
30
0
3.375%
3.066%
$4.42

 

$100,000 minimum balance/0 points, no closing costs are available.

*Annual Percentage Rates (APRs) as of July 31, 2014 based upon a $100,000 loan for a conventional loan and $500,000 for a fixed rate jumbo loan, for owner-occupied properties, 1-4 family residences, and subject to change. Mortgage APRs based on 25% down payment for purchases and 60% LTV for cash out refinances (fixed rate loans). Rates based upon a 30 day closing. Adjustable Rate Mortgage APRs are subject to increase throughout the repayment period. Rates based on final credit decision and may be priced for risk. Maximum loan-to-value (LTV) for First Time Homebuyer program is 95%, and income restrictions apply. Maximum LTV for all other mortgages is 90% for purchases and no-equity out refinances. Based on 0 points, maximum 75% LTV for purchases or maximum 60% LTV for cash-out refinance. PROMOTION - Not available for refinance of existing Charles River Bank. Monthly payment DOES NOT include insurance and taxes. No Points No Closing (0/0): There are costs associated with these loan products. Costs are prepaid interest, tax escrow and PMI if applicable, all other fees are paid by Charles River Bank. The Bank will pay the appraisal fee up to $350.00. 0/0 - No points/No closing costs $100,000 minimum mortgage. 0/0 product offered for single owner occupied properties. Ask about MassHousing products, rates, services, low down payments and discounted Mortgage Insurance premiums. **Jumbo rates determined by loan-to-value/primary vs. non-primary residences. Monthly reserves required.

For more information, or to apply now, visit our Online Mortgage Center


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