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Mortgage Loan Rates
Effective as of 9/2/10
(All rates subject to change without notice; restrictions may apply; lending area limited to MA, RI, and northern CT)
Life of loan servicing by Milford Federal. Lower fixed rate programs may be available. Call for details!
APR based on $100,000 @ 80% LTV and basic fees applicable to all mortgage loans. Other fees affecting APR may apply.
Payment per $1,000 does not include taxes or insurance.
NPNC= No Points, No Closing Costs. 100K minimum loan amount.
Fixed Rate Mortgages
| Fixed Rate Mortgages |
Points |
Interest Rate |
Annual Percentage Rate (@80% LTV) |
Payment Per $1,000 |
30 Year Fixed Rate
|
0 points |
4.50% |
4.50% |
$5.07 | |
NPNC |
4.99% |
4.99 |
$5.37 |
20 Year Fixed Rate |
0 points |
4.375% |
4.38% |
$6.26 | |
NPNC |
4.75% |
4.75% |
$6.47 |
15 Year Fixed Rate |
0 points |
3.99% |
3.99% |
$7.39 | |
NPNC |
4.50% |
4.50% |
$7.65 |
| Home Possible & Home Possible Neighborhood Solution |
Points |
Interest Rate |
Annual Percentage Rate (@80% LTV) |
Payment per $1,000 |
30 Year Fixed Home Possible and Home Possible Neighborhood Solution 97% |
0 points |
4.60% |
4.60% |
$5.13 | |
NPNC |
5.10% |
5.10% |
$5.43 |
30 Year Fixed Home Possible and Home Possible Neighborhood Solution 95% |
0 points |
4.50% |
4.50% |
$5.07 | |
NPNC |
4.99% |
4.99% |
$5.37 |
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 |
4.125% |
3.72% |
$4.85 | |
7/1 ARM Program |
2 points |
3.50% |
3.56% |
$4.64 | |
1 point |
3.625% |
3.53% |
$4.56 | |
0 points |
3.75% |
3.51% |
$4.64 | |
7/1 ARM Jumbo |
2 points |
5.00% |
4.36% |
$5.37 | |
1 point |
5.125% |
4.33% |
$5.45 | |
0 points |
5.25% |
4.31% |
$5.53 | |
5/1 ARM* |
2 points |
3.00% |
3.27% |
$4.22 | |
1 point |
3.125% |
3.23% |
$4.29 | |
0 points |
3.25% |
3.20% |
$4.36 | |
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5/1 ARM Affordable Mortgage |
0 point |
3.125% |
3.15% |
$4.29 | |
3/1 ARM * |
2 points |
2.875% |
3.26% |
$4.15 | |
1 point |
3.00% |
3.20% |
$4.22 | |
0 points |
3.125% |
3.15% |
$4.29 | |
One Year ARM* |
1 point |
2.375% |
3.17% |
$3.89 | |
0 points |
2.50% |
3.10% |
$3.96 |
Owner Occupied
One Year ARM Constr. |
1 point |
5.125% |
3.28% |
$5.45 | |
0 points |
5.25% |
3.22% |
$5.53 | |
5/1 ARM Investment |
0 points |
5.375% |
4.54% |
$5.60 | |
30 Year Fixed Investment
|
<75% L-T-V |
0 points |
4.875% |
4.88% |
$5.30 |
>75% <80% L-T-V |
0 points |
5.125% |
5.13% |
$5.45 |
| Conversion Rate As of 9/2/10 |
Rate/APR | |
30 year |
4.24% | |
15 Year |
3.64% |
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All rates subject to change as market changes
Maximum loan amounts vary by product and property.
Fixed Rate:
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.
* Also available as a convertible ARM at +.25 and $125.00 conversion fee.
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.