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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.

10/17/2019

Fixed Rate Mortgages

TypeRatePointsAPR1
20% Down
YearsMonthly Payment
per $1,000†
10 Yr Fixed 23.000%03.165%Years 1-10$9.66
10 Yr Fixed33.500%03.522%Years 1-10$9.89
15 Yr Fixed*2.875%13.132%Years 1-15$6.85
15 Yr Fixed*3.000%03.113%Years 1-15$6.91
30 Yr Fixed*3.375%23.602%Years 1-30$4.42
30 Yr Fixed*3.500%13.645%Years 1-30$4.49
30 Yr Fixed*3.625%03.689%Years 1-30$4.56
30 Yr Fixed Jumbo**3.625%03.633%Years 1-30$4.56
¹ APR= Annual Percentage Rate
2Maximum Loan Amount : $750,000
3Maximum Loan Amount: $1,000,000

*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.

    †The "Monthly Payments per $1000 borrowed" amounts referenced above do not include real estate taxes and insurance. The actual monthly payment will be higher if an escrow account is established or required.




    Rates effective as of 10/17/2019 and offered through 10/22/2019

    Adjustable Rate Mortgages - Up to $750,000

    TypeRatePointsAPR1 CapsMarginYearsMonthly Payment
    per $1,000†
    5/5 ARM Preferred23.000%03.870%2/62.750%Years 1-5
    Years 6-30
    $4.22
    $5.20
    5/5 ARM3.500%04.046%2/62.750%Years 1-7
    Years 8-30
    $4.49
    $5.51
    7/3 ARM Preferred23.250%03.845%1/42.750%Years 1-7
    Years 8-30
    $4.35
    $4.81
    7/3 ARM3.750%04.078%1/42.750%Years 1-10
    Years 11-30
    $4.63
    $5.10
    10/1 ARM Preferred23.500%03.900%1/42.750%Years 1-10
    Years 11-30
    $4.49
    $4.90
    10/1 ARM4.000%04.207%1/42.750%Years 1-10
    Years 11-30
    $4.77
    $5.20
    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 and 10/1 ARM Preferred requires Automatic Loan Payment from a TSB checking account with direct deposit of your income for the life of the loan.

    †The "Monthly Payments per $1000 borrowed" amounts referenced above do not include real estate taxes and insurance. The actual monthly payment will be higher if an escrow account is established or required.


    Rates effective as of 10/17/2019 and offered through 10/22/2019

    Jumbo Adjustable Rate Mortgages

    Over $750,000
    TypeRatePointsAPR1 CapsMarginYearsMonthly Payment
    per $1,000†
    5/5 ARM Jumbo4.000%04.642%2/63.500%Years 1-5
    Years 6-30
    $4.77
    $5.83
    7/3 ARM Jumbo4.250%04.646%1/43.500%Years 1-7
    Years 8-30
    $4.92
    $5.41
    10/1 ARM Jumbo4.500%04.739%1/43.500%Years 1-10
    Years 11-30
    $5.07
    $5.51
    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.

    †The "Monthly Payments per $1000 borrowed" amounts referenced above do not include real estate taxes and insurance. The actual monthly payment will be higher if an escrow account is established or required.


    Rates effective as of 10/17/2019 and offered through 10/22/2019

    Construction/Permanent Mortgage

    TypeRatePointsAPR*
    20% Down
    CapsMarginYearsMonthly Payment
    per $1,000†
    5/5 ARM3.500%14.106%2/62.75%Years 1-5
    Years 6-30
    $4.49
    $5.51
    7/3 ARM3.750%14.175%1/42.75%Years 1-7
    Years 8-30
    $4.63
    $5.10
    10/1 ARM4.000%14.300%1/42.75%Years 1-10
    Years 11-30
    $4.77
    $5.20
    *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.

    †The "Monthly Payments per $1000 borrowed" amounts referenced above do not include real estate taxes and insurance. The actual monthly payment will be higher if an escrow account is established or required.

    Rates effective as of 10/17/2019 and offered through 10/22/2019

    Construction Jumbo ARM - Over $750,000

    TypeRatePointsAPR*
    20% Down
    CapsMarginYearsMonthly Payment
    per $1,000†
    5/5 ARM Jumbo4.000%14.729%2/63.500%Years 1-5
    Years 6-30
    $4.77
    $5.83
    7/3 ARM Jumbo4.250%14.723%1/43.500%Years 1-7
    Years 8-30
    $4.92
    $5.41
    10/1 ARM Jumbo4.500%14.810%1/43.500%Years 1-10
    Years 11-30
    $5.07
    $5.51
    * 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.

    †The "Monthly Payments per $1000 borrowed" amounts referenced above do not include real estate taxes and insurance. The actual monthly payment will be higher if an escrow account is established or required.

    10/17/2019

    First Time Homebuyer Program

    TypeRatePointsAPR1
    11% Down
    CapsMarginYearsMonthly Payment
    per $1,000†
    30 Year Fixed23.625%03.656%N/AN/AYears 1-30$4.56
    Adjustable Rate Mortgage products also available.
    ¹ APR= Annual Percentage Rate. 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. All Interest Rates and program guidelines may change without prior notice.

    2 Must have automatic payments from a TSB checking account and direct deposit of payroll income.

    †The "Monthly Payments per $1000 borrowed" amounts referenced above do not include real estate taxes and insurance. The actual monthly payment will be higher if an escrow account is established or required.

    10/17/2019

    Home for The Brave

    TermRatePointsAPR *
    3% Down
    APR
    5% Down
    YearsMonthly Payment
    per $1,000†
    30 Year Fixed3.500%03.901%3.817%1Years 1-30$4.49
    10/1 ARM3.375%04.147%4.070%2Years 1-10
    Years 11-30
    $4.42
    $4.83
    *APR = Annual Percentage Rate.

    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.

    †The "Monthly Payments per $1000 borrowed" amounts referenced above do not include real estate taxes and insurance. The actual monthly payment will be higher if an escrow account is established or required.

    10/17/2019

    Operation Welcome Home

     RatePointsAPR*
    0% Down
    APR
    3% Down
    APR
    5% Down
    YearsMonthly Payment
    per $1,000†
    30 Year Fixed3.875%04.291%4.030%4.205%Years 1-30$4.70
    * APR=Annual Percentage Rate

    †The "Monthly Payments per $1000 borrowed" amounts referenced above do not include real estate taxes and insurance. The actual monthly payment will be higher if an escrow account is established or required.