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Mortgage Loan Rates
Effective as of 5/16/08
(All rates subject to change without notice; restrictions may apply;
lending area limited to MA, RI, and Northern CT)

New Option for
Home Buyers

Enjoy the security of a 30 year fixed rate with a 1% to 2% lower than market interest rate for the first 3 years.
Call our Mortgage Specialists today
Save $150 on
closing costs when you
apply online

Purchases Only

Fixed Rate Mortgages

Use our calculators to compare what your payment would be using today's rates.
NPNC= No Points, No Closing Costs. 100K minimum loan amount.
Fixed Rate Mortgages
Points
Interest Rate
Annual
Percentage
Rate

(@80% LTV)
Payment
Per $1,000

40 Year Fixed Rate
0 points 6.625% 6.63% $5.95
NPNC 7.25% 7.25% $6.40

30 Year Fixed Rate
0 points 5.875% 5.88% 5.92
NPNC 6.375% 6.38 $6.24

20 Year Fixed Rate
0 points 5.875% 5.88% $7.10
NPNC 6.375% 6.38% $7.39

15 Year Fixed Rate
0 points 5.75% 5.75% $8.31
NPNC 6.25% 6.25% $8.58
Mass Affordable 30 Year Fixed Rate
0 points 6.05% 6.05% $6.03
30 Year Fixed Rate Jumbo Mortgage
0 points 6.45% 6.45% $6.29

Home Possible,
Neighborhood Solution Buydown
Points
Interest Rate
Annual
Percentage
Rate

(@80% LTV)
Payment per $1,000
Home Possible, Neighborhood Solution Buydown 97% 0 points 5.70% 7.01% $5.81
NPNC 6.125% 7.43% $6.08

Home Possible, Neighborhood Solution Buydown 95%
0 points 5.625% 6.94% $5.41
NPNC 6.00% 7.31% $6.00

Home Possible & Home Possible Neighborhood Solution
Points
Interest Rate
Annual
Percentage
Rate

(@80% LTV)
Payment per $1,000
40 Year Fixed
Home Possible and Home Possible
Neighborhood Solution 97%
0 points 6.99% 6.99% $6.21
NPNC 7.50% 7.50% $6.58
30 Year Fixed
Home Possible and Home Possible
Neighborhood Solution 97%
0 points 6.40% 6.40% $6.26
NPNC 6.85% 6.85% $6.56
40 Year Fixed
Home Possible and Home Possible
Neighborhood Solution 95%
0 points 6.875% 6.88% $6.13
NPNC 7.375% 7.38% $6.49
30 Year Fixed
Home Possible and Home Possible
Neighborhood Solution 95%
0 points 6.375% 6.38% $6.24
NPNC 6.75% 6.75% $6.49

Initial Interest Mortgages
Points
Interest Rate
Annual
Percentage
Rate

(@80% LTV)
Payment per $1,000
30 Year Fixed Rate 10/20
Initial interest first 10 years,
20 year repayment.
0 points 6.75% 6.75% $5.63
NPNC
7.125% 7.13% $5.94
30 Year Fixed Rate 15/15
Initial interest first 15 years,
15 year repayment.
0 points 6.875% 6.88% $5.73
NPNC
7.375% 7.38% $6.15

Adjustable Rate Mortgage Loans
Rate may increase after origination
Adjustable Rate Mortgages
Points
Interest Rate
Annual
Percentage
Rate

(@80% LTV)
Payment
Per $1,000


at initial rate
based on 30 year term
10/1 ARM 0 points 6.50% 5.91% $6.33
7/1 ARM Program 2 points 5.50% 5.40% $5.68
1 point 5.625% 5.37% $5.76
0 points 5.75% 5.34% $5.84
7/1 ARM Jumbo 2 points 5.875% 5.72% $5.92
1 point 6.00% 5.69% $6.00
0 points 6.125% 5.66% $6.08
5/1 ARM 2 points 5.00% 5.13% $5.37
1 point 5.125% 5.08% $5.45
0 points 5.25% 5.04% $5.53
5/1 ARM Municipal Mtg 0 point 5.125% 4.99% $5.45
Convertible 5/1 ARM ** 2 points 5.00% 5.13% $5.37
1 point 5.125% 5.08% $5.45
0 points 5.25% 5.04% $5.53
Affordable Purchase 3/1 ARM 0 point 5.00% 4.93% $5.37
Convertible 3/1 ARM * * 2 points 4.75% 4.92% $5.22
1 point 4.875% 4.89% $5.30
0 points 5.00% 4.84% $5.37
1 Year ARM (Non Conforming)
with a credit score of
>620 - <659 1 point 8.125% 6.13% $7.42
>580 - <619 1 point 8.25% 6.15% $7.51
<580 1 point 8.375% 6.18% $7.60
Convertible One Year ARM ** 1 point 4.75% 4.83% $5.22
0 points 4.875% 4.79% $5.30
Owner Occupied
One Year ARM Constr.
1 point 5.375% 4.92% $5.60
0 points 5.50% 4.84% $5.68
5/1 ARM Investment 0 points 6.125% 5.69% $6.08
30 Year Fixed Investment
<75% L-T-V 0 points 6.50% 6.50% $6.33
>75%<80% L-T-V 0 points 6.625% 6.63% $6.41
>80%<90% L-T-V 0 points 6.75% 6.75% $6.49

Conversion Rate As of 5/16/08 Rate/APR
30 year
6.09%
15 Year
5.63%

All rates subject to change as market changes

Maximum loan amounts vary by product and property.
Fixed and Convertible:
1 Family $417,000. 2 Family $533,850. 3 Family $645,300. 4 Family $801,950.
ARM 1 and 4 family, owner and non-owner occupied $450,000.
ARM Jumbo 1 and 2 family, owner occupied $650,000.

** Conversion fee $125.

Other residential mortgage loan programs are available, both for property owners and builders.

Other Rate Pages: Consumer Loans, Deposits

To get current rates and details on all of Milford Federal's mortgage loan programs, call our
Mortgage Rate Lines at 508-478-8434 (MA) or 401-766-6642 (RI) or visit one of our four banking offices.


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