Mortgage Rates
Rates Effective as of 04/20/2018
NPNC=No Points No Closing Costs. (100K minimum loan amount)
| Product | Points | Interest Rate | Annual Percentage Rate | Payment per $1,000 |
|---|---|---|---|---|
| 30 Year Fixed | 0 points | 4.50% | 4.56% | $5.07 |
| NPNC | 4.875% | 4.88% | $5.30 | |
| 20 Year Fixed | 0 Points | 4.375% | 4.46% | $6.26 |
| NPNC | 4.625% | 4.63% | $6.40 | |
| 15 Year Fixed | 0 points | 3.99% | 4.09% | $7.40 |
| NPNC | 4.375% | 4.38% | $7.59 | |
| 10 Year Fixed | 0 points | 3.50% | 3.65% | $9.89 |
| Fixed Construction Permanent | 1 point | 4.50% | 4.64% | $5.07 |
| Jumbo Fixed Rate | 2 points | 4.25% | 4.48% | $4.92 |
| 1 point | 4.375% | 4.52% | $5.00 | |
| 0 points | 4.50% | 4.56% | $5.07 | |
| Wealth Builder 20 Year Fixed* | 0 points | 4.625% | 4.71% | $6.40 |
| *Also available for 10 or 15 year terms @ .25% over applicable offering rates. Max. loan amount $650,000. Purchase only. |
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| Home Possible 95% Mortgage | ||||
| 30 Year Fixed | 0 points | 4.50% | 4.56% | $5.07 |
| 30 Year Fixed | NPNC | 4.875% | 4.88% | $5.30 |
| Home Possible Advantage | ||||
| 30 Year Fixed | 0 points | 4.50% | 4.56% | $5.07 |
| 30 Year Fixed | NPNC | 4.875% | 4.88% | $5.30 |
Rate may increase after origination
| Product | Points | Interest Rate | Annual Percentage Rate | Payment per $1,000 |
|---|---|---|---|---|
| 7/1 ARM | 2 points | 3.00% | 4.26% | $4.22 |
| 1 point | 3.125% | 4.24% | $4.29 | |
| 0 points | 3.25% | 4.21% | $4.36 | |
| 7/1 ARM Jumbo | 2 points | 3.125% | 4.38% | $4.29 |
| 1 point | 3.25% | 4.36% | $4.36 | |
| 0 points | 3.375% | 4.33% | $4.43 | |
| 5/1 ARM | 2 points | 2.875% | 4.43% | $4.15 |
| 1 point | 3.00% | 4.40% | $4.22 | |
| 0 points | 3.125% | 4.36% | $4.29 | |
| 5/1 ARM Affordable Mortgage | 0 points | 3.125% | 4.36% | $4.29 |
| 3/1 ARM | 2 points | 2.50% | 4.60% | $3.96 |
| 1 point | 2.625% | 4.55% | $4.02 | |
| 0 points | 2.75% | 4.50% | $4.09 | |
| One Year ARM | 1 point | 2.375% | 4.86% | $3.89 |
| 0 points | 2.50% | 4.79% | $3.96 | |
| 5/1 ARM Investment | 0 points | 4.00% | 5.21% | $4.78 |
| 30 Year Fixed Investment | ||||
| <75% LTV | 0 points | 5.125% | 5.19% | $5.45 |
| >75% <80% LTV | 0 points | 5.50% | 5.56% | $5.68 |
| >80% | 0 points | 5.625% | 5.69% | $5.76 |
All rates subject to change as market changes and without notice; restrictions may apply.
Loan Level price adjustments may apply.
Lending area limited to MA, RI and northern CT)
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. Life of loan servicing by Milford Federal. Lower fixed rate programs may be available.
Maximum loan amounts vary by product and property.
Fixed Rate: 1 Family $453,100. 2 Family $580,150. 3 Family $701,250. 4 Family $871,450.
Fixed Jumbo: 1 & 2 family owner occupied primary residences. Loan amounts greater than $453,101 to $650,000. Loan amounts greater than $650,000 – $1,000,000 add .25% to the rate.
ARM 1 and 4 family, owner and non-owner occupied $475,000. ARM Jumbo 1 and 2 family, owner occupied $650,000.
Other residential mortgage loan programs are available, both for property owners and builders.
To get current rates and details on all of Milford Federals 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.
