Conforming Fixed Rate Mortgages:
Scituate Federal Savings Bank offers conforming fixed-rate mortgages with loan amounts of up to $417,000 on single-family dwellings, $533,850 on 2-family dwellings, $645,300 on 3-family dwellings, and $801,950 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.
 
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, REFINANCE, REFINANCE WITH CASH OUT:
Scituate Federal Savings Bank online mortgage application accepts a LTV of 90% for purchase or refinance utilizing a 15 or 30 year mortgage.The maximum loan to value ratio for the 7 and 10 year mortgage option is 80%. If your purchase requires a LTV greater than 90% please discuss with your loan officer.

Rates as of Monday, February 6, 2012
Product Description Interest Rate Points Annual Percentage Rate Payment per $1,000 Payments Apply
Fixed Rate Single Family Purchase/Refinance
Maximum LTV Purchase 80% - Maximum LTV Refinance 80%
Maximum Loan Amount $417,000.
7 Year 0 Pts   3.250% 0.000 3.303% $13.33 Show Payments and Rates
10 year 0 Pts   3.250% 0.000 3.288% $9.77 Show Payments and Rates
20 year 0 Pts   3.750% 0.000 3.771% $5.93 Show Payments and Rates
See "Notations" below.
 
PURCHASE, REFINANCE, REFINANCE WITH CASH OUT:
Scituate Federal Savings Bank online mortgage application accepts a LTV of 90% for purchase or refinance utilizing a 15 or 30 year mortgage.The maximum loan to value ratio for the 7 and 10 year mortgage option is 80%. If your purchase requires a LTV greater than 90% please discuss with your loan officer.

Rates as of Monday, February 6, 2012
Product Description Interest Rate Points Annual Percentage Rate Payment per $1,000 Payments Apply
Fixed Rate Single Family Purchase/Refinance
Maximum LTV Purchase 90% - Maximum LTV Refinance 90%
Maximum Loan Amount $417,000.
30 Year 0 Pts   3.875% 0.000 3.890% $4.70 Show Payments and Rates
30 Year 1 Pts   3.750% 1.000 3.847% $4.63 Show Payments and Rates
30 Year 2 Pts   3.500% 2.000 3.678% $4.49 Show Payments and Rates
15 Year 0 Pts   3.375% 0.000 3.401% $7.09 Show Payments and Rates
15Year 1 Pts   3.250% 1.000 3.421% $7.03 Show Payments and Rates
15 Year 2 Pts   3.125% 2.000 3.443% $6.97 Show Payments and Rates
See "Notations" below.
 
"Notations":
All APRs assume $100,000 loan amount, 20% equity in the property, and unless otherwise noted, assume a 30-year monthly amortization.

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

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.

 
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.