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Fixed Rate Mortgages
 
 

National Iron Bank’s fixed rate mortgage is ideal for people who feel more comfortable with a set monthly payment for the term of the loan. Several different terms are available ranging from 10 to 30 years, with points and without points. A fixed rate mortgage offers a stable monthly mortgage payment for the life of the loan. Some products may reflect rates of loans originated for sale.
 
If your Loan to Value is in excess of 80% please contact our lending team.
 
Fixed Rate Mortgages - Rates and Disclosures for Connecticut and Massachusetts

Rates as of Wednesday, May 16, 2018

PointsOrigination FeeInterest RateAPRFully Indexed RatePayment per $1,000PaymentsApply
PURCHASE / REFINANCE Loan Rates - CT & MA
30 Year Fixed Rate - PURCHASE / REFINANCE - CT & MA
0.000$750.004.375%4.420%N/A$4.99Show Payments
1.000$750.003.750%3.876%N/A$4.63Show Payments
25 Year Fixed Rate - PURCHASE / REFINANCE - CT & MA
0.000$750.004.750%4.787%N/A$5.70Show Payments 
1.000$750.004.500%4.536%N/A$5.56Show Payments 
20 Year Fixed Rate - PURCHASE / REFINANCE - CT & MA
0.000$750.004.625%4.669%N/A$6.39Show Payments
1.000$750.004.375%4.536%N/A$6.26Show Payments
15 Year Fixed Rate - PURCHASE / REFINANCE - CT & MA
0.000$750.004.000%4.055%N/A$7.40Show Payments
1.000$750.003.750%3.952%N/A$7.27Show Payments
10 Year Fixed Rate - PURCHASE / REFINANCE - CT & MA
0.000$750.003.750%3.828%N/A$10.01Show Payments
1.000$750.003.500%3.790%N/A$9.89Show Payments

Annual Percentage Rate (APR) quoted above are based on a representative $100,000 loan amount, with 20% down payment/equity for the stated term and include the points listed. Rates are not guaranteed until lock-in and subject to change without notice. All loan applications subject to credit underwriting and property approval. Homeowners' Insurance and flood insurance (if applicable) required. Private Mortgage Insurance (PMI) is required if your downpayment / equity is less than 20%. Loan rates are for a first lien position on single family owner-occupied residences up to $500.000 (up to $417,000 for 30 year fixed). Call for rates available for 2-4 family owner occupied residences.  Origination fees quoted in the above table are for portfolio loans only.  Sold loans will have a higher origination fee.

 
Fixed Rate Mortgages - Rates and Disclosures for New York

Rates as of Wednesday, May 16, 2018

PointsOrigination FeeInterest RateAPRFully Indexed RatePayment per $1,000PaymentsApply
PURCHASE / REFINANCE Loans - New York
30 Year Fixed Rate - PURCHASE / REFINANCE - New York
0.000$750.004.125%4.170%N/A$4.85Show Payments
1.000$750.004.000%4.128%N/A$4.77Show Payments
25 Year Fixed Rate - PURCHASE / REFINANCE - New York
0.000$750.005.000%5.054%N/A$5.85Show Payments 
1.000$750.004.750%4.803%N/A$5.70Show Payments 
20 Year Fixed Rate - PURCHASE / REFINANCE - New York
0.000$750.004.875%4.919%N/A$6.53Show Payments
1.000$750.004.625%4.788%N/A$6.39Show Payments
15 Year Fixed Rate - PURCHASE / REFINANCE - New York
0.000$750.004.250%4.305%N/A$7.52Show Payments
1.000$750.004.000%4.204%N/A$7.40Show Payments
10 Year Fixed Rate - PURCHASE / REFINANCE - New York
0.000$750.004.000%4.079%N/A$10.12Show Payments
1.000$750.003.750%4.042%N/A$10.01Show Payments

Annual Percentage Rate (APR) quoted above are based on a representative $100,000 loan amount, with 20% down payment/equity for the stated term and include the points listed. Rates are not guaranteed until lock-in and subject to change without notice. All loan applications subject to credit underwriting and property approval. Homeowners' Insurance and flood insurance (if applicable) required. Private Mortgage Insurance (PMI) is required if your downpayment / equity is less than 20%. Loan rates are for a first lien position on single family owner-occupied residences up to $500.000 (up to $417,000 for 30 year fixed). Call for rates available for 2-4 family owner occupied residences.  Origination fees quoted in the above table are for portfolio loans only.  Sold loans will have a higher origination fee.

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