Jumbo Loans - Scituate Federal Savings Bank

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Jumbo Fixed Rate Mortgages (jumbo loan amounts):

Scituate Federal Savings Bank offers jumbo fixed-rate mortgages with loan amounts from $523,751 to $1,500,000 on 1-4 family dwellings, primary residence and second (vacation) homes, with 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.

You may want to contact one of our loan officers for additional information before you apply.

Interest-First Fixed Rate Program available - contact one of our Loan Officers for details.

PURCHASE:

Rates as of Tuesday, November 18, 2008
Product Description	Interest Rate	Points	APR	Payment per $1,000	Payments	Apply
Jumbo Fixed Rate Loan - Single Family Purchase Maximum Loan $1.5 million - Maximum 80% LTV
30 Year - 2 Pt	6.250%	2.000	6.446%	$6.16	Show Payments
30 Year - 1 Pt	6.500%	1.000	6.600%	$6.32	Show Payments
30 Year - 0 Pt	6.750%	0.000	6.754%	$6.49	Show Payments
15 Year - 2 Pt	5.750%	2.000	6.069%	$8.30	Show Payments
15 Year - 1 Pt	6.000%	1.000	6.163%	$8.44	Show Payments
15 Year - 0 Pt	6.375%	0.000	6.381%	$8.64	Show Payments

See"Notations" at bottom of page.

REFINANCE WITH CASH OUT:

Rates as of Tuesday, November 18, 2008

Product Description Interest Rate Points APR Payment per $1,000 Payments Apply

Jumbo Loan Fixed Rate - Refinance w/ Cash out

30 Years - 2Pts 6.250% 2.000 6.446% $6.16 Show Payments

30 Years - 1 Pt 6.500% 1.000 6.600% $6.32 Show Payments

30 Years - 0 Pt 6.750% 0.000 6.754% $6.49 Show Payments

15 Years - 2 Pts 5.750% 2.000 6.069% $8.30 Show Payments

15 Years - 1 Pt 6.000% 1.000 6.163% $8.44 Show Payments

15 Years - 0 Pt 6.375% 0.000 6.381% $8.64 Show Payments

“Notations”:

All APRs assume $523,751 loan amount, 20% equity in the property, and a 30-year monthly amortization, unless otherwise noted.
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.
Maximum loan amount for loans with 80% LTV or less is $1,500,000.
Maximum loan amont for loans with an LTV greater than 80% is $700,000.
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.
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.

Member FDIC

72 Front St.
Scituate MA 02066
781-545-0016