|
|
|
|
| Conforming Fixed Rate Mortgages (conforming loan amounts): |
| |
Scituate Federal Savings Bank offers conforming fixed-rate mortgages with loan amounts of up to $523,750 on single-family dwellings, $670,500 on 2-family dwellings, $810,450 on 3-family dwellings, and $1,007,200 on 4-family dwellings and loan terms of up to 30 years. In a fixed-rate mortgage, your interest rate stays the same for the term of the mortgage. The advantage of a fixed-rate mortgage is that you always know exactly how much your mortgage payment will be, and you can plan for it. We offer rates for both conforming and jumbo fixed rate mortgages. Loan amounts detailed above are for properties located in Plymouth, Norfolk, Suffolk, Middlesex, Essex, Dukes or Nantucket counties.
For Barnstable and Bristol counties, Massachusetts, Scituate Federal Savings Bank offers conforming fixed-rate mortgages with loan amounts of up to $462,500 on single-family dwellings, $592,050 on 2-family dwellings, $715,700 on 3-family dwellings, and $889,450 on 4-family dwellings and loan terms of up to 30 years. |
| |
| You may want to contact one of our loan officers for additional information before you apply. |
| |
|
MassHousing Homebuyer Programs for first-time homebuyers are also available with low and no down payments for extended terms -- click here for details. |
| |
| Interest-First Fixed Rate Program available -- contact one of our Loan Officers for details. |
| |
| PURCHASE: |
|
See "Notations" at bottom of page.
REFINANCE WITH CASH OUT:
|
| "Notations": |
|
All APRs assume $100,000 loan amount, 20% equity in the property, and unless otherwise noted, assume a 30-year monthly amortization.
All APRs will be higher for loans with a Loan-to-Value (LTV) greater than 80% as they require private mortgage insurance, which will increase the monthly payment and the APR.
Max LTVs above based on purchase or cash-out refinance of a 1-family or condo, primary residence or second (vacation) home & may be different for 2-4 family properties. For no cash-out refinances, higher LTVs may be available -- call for details.
First-time-buyer ARM Program available -- click here for details.
Municipal Employee ARM Program available with 0% -- 3% down payment -- call for details OR click here for details
We offer construction financing for our Fixed-Rate and ARM products. At Scituate Federal, only one closing is necessary for construction loan financing -- call for details or click here. |
|
|
| ALL RATES, TERMS AND PROGRAMS ARE SUBJECT TO CHANGE WITHOUT NOTICE. |
| |
| The Online Mortgage Application Process |
| |
|
Please contact one of our Loan Officers for additional information. They would be more than happy to answer any questions you may have regarding this program or to schedule an appointment at a time and place convenient for you. |
| |
|
|
