Jumbo Fixed Rate Mortgages

Scituate Federal Savings Bank offers jumbo fixed-rate mortgages with loan amounts from $417,001 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, REFINACE, REFINACE WITH CASH OUT:

Rates as of Monday, February 6, 2012
Product Description Interest Rate Points Annual Percentage Rate Payment per $1,000 Payments Apply
Jumbo Fixed Rate Loan - Single Family Purchase/Refinance
Maximum Loan Amount between $417,001 and $750,000 - Maximum 80% LTV
30 Year - 0 Pt   4.375% 0.000 4.379% $4.99 Show Payments and Rates
30 Year - 1 Pt   4.250% 1.000 4.338% $4.92 Show Payments and Rates
30 Year - 2 Pt   4.000% 2.000 4.172% $4.77 Show Payments and Rates
15 Year - 0 Pt   3.875% 0.000 3.881% $7.33 Show Payments and Rates
15 Year - 1 Pt   3.750% 1.000 3.903% $7.27 Show Payments and Rates
15 Year - 2 Pt   3.625% 2.000 3.927% $7.21 Show Payments and Rates
Jumbo Fixed Rate Loan - Single Family Purchase/Refinance
Maximum Loan Amount between $750,001 and $1.5 million - Maximum 80% LTV
30 Year - 0 Pt   4.500% 0.000 4.503% $5.07 Show Payments and Rates
30 Year - 1 Pt   4.375% 1.000 4.463% $4.99 Show Payments and Rates
30 Year - 2 Pt   4.125% 2.000 4.297% $4.85 Show Payments and Rates
15 Year - 0 Pt   4.000% 0.000 4.005% $7.40 Show Payments and Rates
15 Year - 1 Pt   3.875% 1.000 4.028% $7.33 Show Payments and Rates
15 Year - 2 Pt   3.750% 2.000 4.051% $7.27 Show Payments and Rates
See"Notations" below.
“Notations”:
All APRs assume $417,001 loan amount, 20% equity in the property, and a 30-year monthly amortization, unless otherwise noted.
Maximum loan amount for loans with 80% LTV or less is $1,500,000.
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.