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*APR = Annual Percentage Rate. Rates effective 4/17/2024.

Fixed-Rate Mortgages

Program

Rate

Points

APR*

20% Down

Max. Loan Amount

Max. Term

Monthly Payment per $1,000³

10-Year Fixed

6.500%

0

6.721%

$750,000

10 Years

$11.35

6.875%

0

6.904%

$1,000,000

10 Years

$11.55

15-Year Fixed

6.625%

1

6.930%

See note 1

15 Years

$8.78

6.750%

0

6.908%

See note 1

15 Years

$8.85

20-Year Fixed

6.875%

0

7.004%

See note 1

20 Years

$7.68

30-Year Fixed

6.625%

2

6.921%

See note 1

30 Years

$6.40

6.750%

1

6.947%

See note 1

30 Years

$6.49

6.875%

0

6.972%

See note 1

30 Years

$6.57

30-Year Fixed Jumbo

7.000%

0

7.013%

See note 2

30 Years

$6.65

*APR=Annual Percentage Rate. ¹Maximum Conforming Loan Amounts: Single Family: $766,550, Two Family: $981,500, Three Family: $1,186,350, Four Family: $1,474,400. ²30 Year Fixed Jumbo Loan Amount: $766,551- $1,000,000. Property must be located in TSB's CRA area: Andover, Lawrence, Lynnfield, Methuen, Melrose, Middleton, North Reading, Reading, Saugus, Stoneham, Wakefield, & Wilmington. Jumbo Loan minimum FICO score of 700. ³These amounts do not include real estate taxes and insurance. The actual monthly payment will be higher if an escrow account is established or required. Subject to credit and property approval. Hazard insurance is required. Flood insurance may be required. Property must be 1 to 4 family owner-occupied. Maximum loan-to-value varies based on property, number of units, and product. Loans over 80% LTV will require PMI approval. Amount of PMI varies and if taxes are escrowed. 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, $600.00 Processing Fee, $14.50 Flood Certificate Fee, and $200.00 Employment/Income Verification Fee. All Interest Rates and program guidelines may change without prior notice. Other restrictions may apply. Please contact TSB for details.

First Time Homebuyer

Program

Rate

Points

APR*

11% Down¹

Years

Monthly Payment per $1,000³

Special Offer

30 Year Fixed²

6.875%

0

6.913%

Years 1-30

$6.57

7/3 ARM ¹,²

6.500%

0

6.953%

Years 1-7

$6.32

Years 8-30

$6.88

*APR= Annual Percentage Rate. ¹Composite APR includes prepaid finance charges such as, $88.00 Tax Service Fee, $80.00 Hazard Tracking Fee, $14.50 Flood Certificate Fee, and $200.00 Employment/Income Verification Fee. ²Must have automatic payments from a TSB checking account and direct deposit of payroll income. ³These amounts do not include real estate taxes and insurance. The actual monthly payment will be higher if an escrow account is established or required. Subject to credit and property approval. Hazard insurance is required. Flood insurance may be required. Property must be 1 to 4 family owner-occupied. No PMI on a loan-to-value of 89% on a 1 and 2 family property with a maximum loan amount of $800,000. 3 and 4 family property requires a minimum 80% loan-to-value and a maximum loan amount of $1,000,000. A maximum loan-to-value of 95% WITH PMI on a 1 family property and condominium with a maximum loan amount of $766,550. A maximum loan-to-value of 95% WITH PMI on a 2-family property with a maximum loan amount of $800,000. Any loan that requires Private Mortgage Insurance (PMI) must meet all guidelines established by the PMI company. Reduced closing costs. All Interest Rates and program guidelines may change without prior notice. Other restrictions may apply. Please contact TSB for details.

Adjustable-Rate Mortgages

Program

Term

Rate

Points

APR*

Caps

Margin

Monthly Payments
per $1,000¹

Rates for loans less than or equal to $750,000

5/5 ARM Preferred²

30 Years

6.375%

0

6.919%

2/6

2.75%

Yrs 1-5

$6.24

Yrs 6-30

$7.45

5/5 ARM

30 Years

6.875%

0

7.121%

2/6

2.75%

Yrs 1-5

$6.57

Yrs 6-30

$7.81

7/3 ARM Preferred²

30 Years

6.500%

0

6.953%

1/4

2.75%

Yrs 1-7

$6.32

Yrs 8-30

$6.88

7/3 ARM

30 Years

7.000%

0

7.216%

1/4

2.75%

Yrs 1-7

$6.65

Yrs 8-30

$7.23

10/1 ARM Preferred²

30 Years

6.625%

0

7.087%

1/4

2.75%

Yrs 1-10

$6.40

Yrs 11-30

$6.92

10/1 ARM 

30 Years

7.125%

0

7.425%

1/4

2.75%

Yrs 1-10

$6.74

Yrs 11-30

$7.26

Jumbo Rate Loans – loans greater than $750,000

5/5 ARM Jumbo

30 Years

7. 375%

0

7.680%

2/6

3.50%

Yrs 1-5

$6.91

Yrs 6-30

$8.17

7/3 ARM Jumbo

30 Years

7.500%

0

7.743%

1/4

3.50%

Yrs 1-7

$6.99

Yrs 8-30

$7.59

10/1 ARM Jumbo

30 Years

7.625%

0

7.912%

1/4

3.50%

Yrs 1-10


$7.08


Yrs 11-30

$7.62

*APR=Annual Percentage Rate. All above APRs are composite APRs. Assumes 20% down payment. ARM Composite APR includes prepaid finance charges such as $88.00 Tax Service Fee, $80.00 Hazard Tracking Fee, $600.00 Processing Fee, $14.50 Flood Certificate Fee, and $200.00 Employment/Income Verification Fee. Rates may increase after consummation. Subject to credit and property approval. Hazard insurance is required. Flood insurance may be required. Property must be 1 to 4-family owner-occupied. Maximum loan-to-value varies based on property, number of units, and product. Loans over 80% LTV will require PMI approval. Amount of PMI varies. ¹These amounts do not include taxes and insurance. If taxes are escrowed, actual payment obligation will be greater. ARM indices based on the weekly average yield U.S. Treasury Securities. ²Requires Automatic Loan Payment from a TSB checking account with direct deposit of your income for the life of the loan. All Interest Rates and program guidelines may change without prior notice. Other restrictions may apply. Please contact TSB for details.

Construction/Permanent Mortgages

Program

Max Term

Rate

Points

APR*
20% Down

Caps

Margin

Monthly Payment per $1,000

Rates for loans less than or equal to $750,000

5/5 ARM

30 Years

6.875%

1

7.120%

2/6

2.75%

Yrs 1-5

$6.57

Yrs 6-30

$7.81

7/3 ARM

30 Years

7.000%

1

7.203%

1/4

2.75%

Yrs 1-7

$6.65

Yrs 8-30

$7.23

10/1 ARM

30 Years

7.125%

1

7.429%

1/4

2.75%

Yrs 1-10

$6.74

Yrs 11-30

$7.26

Jumbo Rate Loans – loans greater than $750,000

5/5 ARM

30 Years

7.375%

1

7.661%

2/6

3.50%

Yrs 1-5

$6.91

Yrs 6-30

$8.17

7/3 ARM

30 Years

7.500%

1

7.740%

1/4

3.50%

Yrs 1-7

$6.99

Yrs 8-30

$7.59

10/1 ARM

30 Years

7.625%

1

7.905%

1/4

3.50%

Yrs 1-10

$7.08

Yrs 11-30

$7.62

*APR=Annual Percentage Rate. All Interest Rates and program guidelines may change without prior notice.  ARM indices based on the weekly average yield U.S. Treasury Securities.  Rate may increase after consummation on all Adjustable Rate Mortgages. All above APRs are composite APRs.  ARM Composite APR includes prepaid finance charges such as points, $88.00 Tax Service Fee, $80.00 Hazard Tracking Fee, $600.00 Processing Fee, $14.50 Flood Certificate Fee, and $200.00 Employment/Income Verification Fee.  All Interest Rates and program guidelines may change without prior notice. Other restrictions may apply. Please contact TSB for details. 

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