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Mortgage Rate FAQs

Mortgage Rates

All estimates below are based on the loan amount specified.  If you are interested in our Jumbo Mortgage Products & Rates (for loan amounts over $766,550), please do not hesitate to contact Joe Ewing (NMLS# 408567).

Rate APR Points
7.125% 7.180% 0.000%

At a 7.125% interest rate, the APR for this loan type is 7.180%. The monthly payment schedule would be:

  • 359 payments of $5,389.75 at an interest rate of 7.125%
  • 1 payment of $5,387.49 at an interest rate of 7.125%.

This payment schedule is based on a $800,000 loan on a $1,000,000 property in Worcester County, MA.

Loan purpose must be to purchase or no cash-out  refinance a single family dwelling that will serve as borrower’s primary residence (second homes/investment properties/2-4 family properties are ineligible).

Minimum 740 FICO score. Maximum LTV 80% on loan amounts up to $1,000,000 and 75% on loan amounts over $1,000,000.

Loan amounts  $1,000,000 or greater, or minimum FICO score of 739 or lower subject to additional interest rate adjustments.

If an escrow account is required or requested, the actual monthly payment will also include amounts for real estate taxes and homeowner’s insurance premiums.

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Rate APR Points
7.00% 7.129% 0.000%

At a 7.00% interest rate, the APR for this loan type is 7.129%. The monthly payment schedule would be:

  • 359 payments of $1,330.60 at an interest rate of 7.00%
  • 1 payment of $1,336.54 at an interest rate of 7.00%

This payment schedule is based on a $200,000 loan on a $250,000 property in Worcester county, MA. Minimum 720 FICO score. Maximum LTV 80% or 95% with PMI.

Loan amounts greater than $766,550 or minimum FICO score of 719 or lower subject to additional interest rate adjustments.

If an escrow account is required or requested, the actual monthly payment will also include amounts for real estate taxes and homeowner’s insurance premiums.

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Rate APR Points
6.875% 7.041% 0.000%

At a 6.875% interest rate, the APR for this loan type is 7.041%. The monthly payment schedule would be:

  • 239 payments of $1,535.63.90 at an interest rate of 6.875%
  • 1 payment of $1,534.32 at an interest rate of 6.875%

This payment schedule is based on a $200,000 loan on a $250,000 property in Worcester county, MA. Maximum LTV 80% or 95% with PMI.

If an escrow account is required or requested, the actual monthly payment will also include amounts for real estate taxes and homeowner’s insurance premiums.

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Rate APR Points
6.625% 6.829% 0.000%

*At a 6.625% interest rate, the APR for this loan type is 6.829%. The monthly payment schedule would be:

  • 179 payments of $1,755.99 at an interest rate of 6.625.%
  • 1 payment of $1,755.06 at an interest rate of 6.625%

This payment schedule is based on a $200,000 loan on a $250,000 property in Worcester county, MA. Maximum LTV 80% or 95% with PMI.

If an escrow account is required or requested, the actual monthly payment will also include amounts for real estate taxes and homeowner’s insurance premiums.

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Rate APR Points
6.625% 6.912% 0.000%

At a 6.625% interest rate, the APR for this loan type is 6.912%. The monthly payment schedule would be:

  • 119 payments of $2,283.70 at an interest rate of 6.625%
  • 1 payment of $2,283.68 at an interest rate of 6.625%

This payment schedule is based on a $200,000 loan on a $250,000 property in Worcester county, MA. Maximum LTV 80% or 95% with PMI.

If an escrow account is required or requested, the actual monthly payment will also include amounts for real estate taxes and homeowner’s insurance premiums.

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Rate APR Points
6.375% 7.313% 0.00%

Review related disclosures for important information about the product and the terms of this program.

At a 6.375% interest rate, the APR for this loan type is 7.313%. The monthly payment schedule would be:

  • 60 payments of $1,247.74 at an interest rate of 6.375%
  • 299 payments of $1,412.09 at an interest rate of 7.75%
  • 1 payment of $1,412.77 at an interest rate of 7.75%.

This payment schedule is based on a $200,000 loan on a $250,000 property in Worcester county, MA. Maximum LTV 80% or 95% with PMI.

If an escrow account is required or requested, the actual monthly payment will also include amounts for real estate taxes and homeowner’s insurance premiums.

Payment and rates after the first adjustment are estimates based on the current index which may increase.

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Rate APR Points
6.625% 7.281% 0.00%

Review related disclosures for important information about the product and the terms of this program.

At a 6.625% interest rate, the APR for this loan type is 7.281%. The monthly payment schedule would be:

  • 84 payments of $1,280.62 at an interest rate of 6.625%
  • 275 payments of $1,408.61 at an interest rate of 7.75%
  • 1 payment of $1,407.03 at an interest rate of 7.75%.

This payment schedule is based on a $200,000 loan on a $250,000 property in Worcester county, MA. Maximum LTV 80% or 95% with PMI.

If an escrow account is required or requested, the actual monthly payment will also include amounts for real estate taxes and homeowner’s insurance premiums.

Payment and rates after the first adjustment are estimates based on the current index which may increase.

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Rate APR Points
6.625% 7.120% 0.00%

Review related disclosures for important information about the product and the terms of this program.

At a 6.625% interest rate, the APR for this loan type is 7.120%. The monthly payment schedule would be:

  • 120 payments of $1,280.62 at an interest rate of 6.625%
  • 239 payments of $1,396.28 at an interest rate of 7.75%
  • 1 payment of $1,394.13 at an interest rate of 7.75%.

This payment schedule is based on a $200,000 loan on a $250,000 property in Worcester county, MA. Maximum LTV 80% or 95% with PMI.

If an escrow account is required or requested, the actual monthly payment will also include amounts for real estate taxes and homeowner’s insurance premiums.

Payment and rates after the first adjustment are estimates based on the current index which may increase.

Apply Now

Important Notices

  • All rates, offerings, and information above, including the Annual Percentage Rate (APR), are subject to change without notice.
  • The option to pay discount points to lower or “buy down” the rate may be available for certain products.
  • The monthly payment amounts shown above include principal and interest and do not include taxes or insurance. Your actual monthly payment will be higher if an escrow account is established or required.
  • Homeowners insurance required on all offerings listed above.
  • All offerings and rates listed above are subject to loan amount, credit  history, loan-to-value ratio, and debt-to-income ratio.  Other terms & restrictions may apply.  Finance charges affect APR. Your actual interest rate and APR may vary.
  • Special information for all adjustable rate mortgages: The APR, interest rate and principal and interest payment are subject to increase and will change after the loan is closed due to market-driven changes to the index.  Adjustable rate mortgages (ARMs) offer an initial rate that is fixed for a specified period. After the specified period, the rate may increase or decrease depending on current market conditions. For example, our 5-year adjustable rate mortgage has a fixed interest rate for the first five years of the loan. After that, the interest rate can increase or decrease annually. The rate would then be determined by adding the current index to a fixed margin.