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Mortgage Rates

Fixed Rate Mortgages | Adjustable Rate Mortgages | Jumbo Loans | Construction/Permanent Adjustable Loans | Construction Permanent Jumbo Adjustable Loans |First Time Homebuyers |Home For The Brave | Operation Welcome Home

Visit our Mortgage Center for all of our other mortgage rates and terms, then call on your one local and trusted lending source to help you find the right financing option.

8/14/2019

Fixed Rate Mortgages

TypeRatePointsAPR1
20% Down
Maximum Loan AmountMax Term
10 Yr Fixed2.875%03.039%$750,00010 Years
10 Yr Fixed3.375%03.397%$1,000,00010 Years
15 Yr Fixed2.875%13.132%*15 Years
15 Yr Fixed3.000%03.113%*15 Years
30 Yr Fixed3.250%23.475%*30 Years
30 Yr Fixed3.375%13.519%*30 Years
30 Yr Fixed3.500%03.563%*30 Years
30 Yr Fixed Jumbo4.000%04.009%**30 Years
30 Year Fixed Rate Mortgage at 3.500% with no points would be repayable in 360 monthly payments of $4.49 per $1,000 borrowed.

*Maximum Conforming Loan Amounts:
• Single Family: $484,350
• Two Family: $580,150
• Three Family: $701,250
• Four Family: $871,450

**30 Year Fixed Jumbo Loan Amount: $500,000 - $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. Minimum FICO score of 700.

¹ APR= Annual Percentage Rate


Rates effective as of 8/14/2019 and offered through 8/20/2019

Adjustable Rate Mortgages - Up to $750,000

TypeRatePointsAPR1 CapsMarginMax Term
5/5 ARM4.250%04.475%2/62.750%30 Years
7/3 ARM Preferred23.250%03.845%1/42.750%30 Years
7/3 ARM4.000%04.196%1/42.750%30 Years
10/1 ARM Preferred23.500%03.947%1/42.75%30 Years
10/1 ARM4.000%04.254%1/42.750%30 Years
7/3 ARM at 4.000% for 30 years would be repayable in 84 monthly payments of $4.77, followed by 276 monthly payments of $5.26 per $1,000 borrowed.

¹ 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, $400.00 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.   ARM indices based on the weekly average yield U.S. Treasury Securities.  Rate may increase after consummation on all Adjustable Rate Mortgages.  ARM Portfolio Lender.
²7/3 ARM Preferred requires Automatic Loan Payment from a TSB checking account with direct deposit of your income for the life of the loan.



Rates effective as of 8/14/2019 and offered through 8/20/2019

Jumbo Adjustable Rate Mortgages

Over $750,000
TypeRatePointsAPR1 CapsMarginMax Term
5/5 ARM Jumbo4.750%05.072%2/63.500%30 Years
7/3 ARM Jumbo4.500%04.766%1/43.500%30 Years
10/1 ARM Jumbo4.500%04.785%1/43.500%30 Years
7/3 ARM at 4.500% for 30 years would be repayable in 84 monthly payments of $5.07, followed by 276 monthly payments of $5.56 per $1,000 borrowed.

¹ 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, $400.00 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. ARM indices based on the weekly average yield U.S. Treasury Securities. Rate may increase after consummation on all Adjustable Rate Mortgages. ARM Portfolio Lender.


Rates effective as of 8/14/2019 and offered through 8/20/2019

Construction/Permanent Mortgage

TypeRatePointsAPR*
20% Down
CapsMarginMax Term
5/5 ARM4.250%14.405%2/62.75%30 Years
7/3 ARM4.000%14.300%1/42.75%30 Years
10/1 ARM4.000%14.376%1/42.75%30 Years
5/5 ARM at 4.250% for 30 years would be repayable in 60 monthly payments of $5.00, followed by 300 monthly payments of $6.09 per $1,000 borrowed.
*APR=Annual Percentage Rate

Rates effective as of 8/14/2019 and offered through 8/20/2019

Construction Jumbo ARM - Over $750,000

TypeRatePointsAPR1 CapsMarginMax Term
5/5 ARM Jumbo4.750%14.985%2/63.500%30 Years
7/3 ARM Jumbo4.500%14.849%1/43.500%30 Years
10/1 ARM Jumbo4.500%14.885%1/43.500%30 Years
5/5 ARM at 4.750% for 30 years would be repayable in 60 monthly payments of $5.30, followed by 300 monthly payments of $6.42 per $1,000 borrowed.

¹ 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, $400.00 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. ARM indices based on the weekly average yield U.S. Treasury Securities. Rate may increase after consummation on all Adjustable Rate Mortgages. ARM Portfolio Lender.

8/14/2019

First Time Homebuyer Program

TypeRatePointsAPR1
11% Down
CapsMarginMax Term
30 Year Fixed23.500%03.531%N/AN/A30 Years
Adjustable Rate Mortgage products also available.
30 Year Fixed at 3.500% would be repayable in 360 monthly payments of $4.49 per $1,000 borrowed.
¹ Composite 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.
2 Must have automatic payments from a TSB checking account and direct deposit of payroll income.

8/14/2019

Home for The Brave

TermRatePointsAPR *
3% Down
APR
5% Down
Max Term
30 Year Fixed3.375%03.769%3.688%130 Years
10/1 ARM3.250%04.104%4.025%230 Years
*APR = Annual Percentage Rate.
30 Year Fixed Rate Mortgage at 3.375% would be repayable in 360 payments of $4.42 per $1,000 borrowed. 10/1 ARM at 3.250% would be repayable in 120 monthly payments of $4.35, followed by 240 payments of $4.75 per $1,000 borrowed.

¹ Fixed APR includes PMI Premium and prepaid finance charges such as Tax Service Fee, Hazard Tracking Fee, Flood Certificate Fee, Employment/Income Verification Fee
²APR is a composite APR and includes PMI Premium and prepaid finance charges such as Tax Service Fee, Hazard Tracking Fee, Flood Certificate Fee, Employment/Income Verification Fee . ARM index is based on the weekly average yield on 1-year U.S. Treasury Security with a Margin of 2.75% and Caps of 1/4. Interest Rate may increase after consummation on Adjustable Rate Loan.

8/14/2019

Operation Welcome Home

 RatePointsAPR*
0% Down
APR
3% Down
APR
5% Down
Max Term
30 Year Fixed3.875%04.469%4.291%4.205%30 Years
* APR=Annual Percentage Rate
30 Year Fixed Rate Mortgage at 3.875% would be repayable in 360 payments of $4.70 per $1,000 borrowed.