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Fixed Rate Loans

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Consider a Fixed Rate Mortgage Loan which allows you to have a consistent mortgage payment for the term of your loan.

Parameters:

Fixed Interest Rates are subject to change daily without prior notice.  At time of application the Fixed Interest Rate applied for may be higher or lower than the Fixed Interest Rate quoted on this Rate Sheet.  All Interest Rates and program guidelines may change without prior notice.

10, 15 and 30 Year Fixed Rate APR includes prepaid finance charges such as points, $88.00 Tax Service Fee, $80.00 Hazard    Tracking Fee, $400.00 Processing Fee, $14.50 Flood Certificate Fee, and $200.00 Employment/Income Verification Fee.

  • 97% Maximum Financing up to $484,350 & 95% Maximum Financing up to $650,000 on a 1 family & condominium for Purchase and Rate/Term Refinance
  • 85% Maximum Financing up to $450,000 on a 1 family & condominium for Cash-Out Refinance
  • 95% Maximum Financing up to $650,000 on a 2 family for Purchase and Rate/Term Refinance
  • 80% Maximum Financing on a 2 family for a Cash-Out Refinance
  • 80% Maximum Financing on a 3 and 4 family for Purchase, Rate/Term Refinance or Cash-Out Refinance
  • PMI required with less than a 20% down-payment. Any loan that requires Private Mortgage Insurance (PMI) must meet all guidelines established by the MI company including: a) credit scores, b) property type, c) financial reserves
  • 60-Day Rate Lock – other Rate Lock options available
  • Appraisal Fee
    • Single Family: $400.00
    • 2-4 Family: $575.00
  • Credit Report Fee
    • Joint: $62.85
    • Individual: $31.55
  • 30 Year Fixed Jumbo: Property must be located in The Savings Bank CRA Area: Andover, Lawrence, Lynnfield, Methuen, Melrose, Middleton, North Reading, Reading, Saugus, Stoneham, Wakefield, Wilmington
  • 30 Year Fixed Jumbo: Minimum Fico Score of 700

Make an appointment with one of our knowledgeable mortgage specialist, today.