National Iron Bank: Since 1847
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Jumbo Loans
 

National Iron Bank offers loans in excess of $500,000. in both fixed rate and variable rate products. The maximum loan amount being $750,000.00.  Some products may reflect rates of loans originated for sale.

If the Loan to Value is in excess of 80% please 
contact a loan officer for assistance. 
 
Jumbo Fixed Rates & Disclosures - Connecticut and Massachusetts

Rates as of Tuesday, December 16, 2014

PointsOrigination FeeInterest RateAPRPayment per $1,000PaymentsApply
JUMBO Loans - PURCHASE / REFINANCE - CT & MA. Please call for rates on loans over $750,000
30 Year Fixed Loan - Jumbo - PURCHASE / REFINANCE - CT & MA
0.000$750.004.250%4.276%$4.92Show Payments and Rates
20 Year Fixed Loan - Jumbo - PURCHASE / REFINANCE - CT & MA
15 Year Fixed Loan - Jumbo - PURCHASE / REFINANCE - CT & MA $500,000.00 - $750,000.00
0.000750.000%3.500%3.531%$7.15Show Payments and Rates
10 Year Fixed Loan - Jumbo - PURCHASE / REFINANCE - CT & MA $500,000.00 - $750,000.00
0.000750.000%2.750%2.795%$9.54Show Payments and Rates

Annual Percentage Rate (APR) quoted above are based on a representative $600,000 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 $750.000. Call for rates available for 2-4 family owner occupied residences.

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Jumbo Fixed Rates & Disclosures - New York

Rates as of Tuesday, December 16, 2014

PointsOrigination FeeInterest RateAPRFully Indexed RatePayment per $1,000PaymentsApply
JUMBO Loans - PURCHASE / REFINANCE - NY. Please call for rates on loans over $750,000.
30 Year Fixed Loan - Jumbo Loan - PURCHASE / REFINANCE - NY
0.000$750.005.375%5.403%N/A$5.60Show Payments and Rates
20 Year Fixed Loan - Jumbo Loan - PURCHASE / REFINANCE - NY
15 Year Fixed Loan - Jumbo Loan - PURCHASE / REFINANCE - NY
0.000$750.003.750%3.782%N/A$7.27Show Payments and Rates
10 Year Fixed Loan - Jumbo Loan - PURCHASE / REFINANCE - NY
0.000$750.003.000%3.045%N/A$9.66Show Payments and Rates

Annual Percentage Rate (APR) quoted above are based on a representative $600,000 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 $750.000. Call for rates available for 2-4 family owner occupied residences.

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Jumbo Adjustable Rates & Disclosures - Connecticut and Massachusetts

Rates as of Tuesday, December 16, 2014

PointsOrigination FeeInterest RateAPRFully Indexed RatePayment per $1,000PaymentsApply
JUMBO ARM Loans- PURCHASE / REFINANCE - CT & MA. Please call for rates on loans over $750,000.
7/1 Year ARM - PURCHASE / REFINANCE - CT & MA
CAPS: 2/7 Floor 4.50%
5/1 Year ARM - PURCHASE / REFINANCE - CT & MA
CAPS: 2/7 Floor 3.000% Pricing for loans $500,000 - $750,000
0.000$750.003.250%3.267%3.250%$4.35Show Payments and Rates
3/1 Year ARM - PURCHASE / REFINANCE - CT & MA
CAPS: 2/7 Floor 2.500%. Pricing for loans $500,000 - $750,000
0.000$750.002.750%3.156%3.250%$4.08Show Payments and Rates
1/1 Year ARM - PURCHASE / REFINANCE - CT & MA
CAPS: 2/7 Floor 2.500% after 1st year
Annual Percentage Rate (APR) quoted above are based on a representative $600,000 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 $750.000. Call for rates available for 2-4 family owner occupied residences.
 

All Adjustable Rate Mortgage (ARM) APR's are predicated on a 30 Year Amortization. ARM rates are based on the Wall Street Journal Prime Rate Index with a margin of between 0.000% and 1.500% depending on product. All adjustable rates mortgages (ARM) products are variable and may change after consummation of the loan. Any increase in APR will result in a higher payment.

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Jumbo Adjustable Rates & Disclosures - New York

Rates as of Tuesday, December 16, 2014

PointsOrigination FeeInterest RateAPRFully Indexed RatePayment per $1,000PaymentsApply
JUMBO ARM Loans - PURCHASE / REFINANCE - NY. Please call for rates on loans over $750,000.
7/1 Year ARM - PURCHASE / REFINANCE - NY
CAPS: 2/7 Floor 4.7500%
5/1 Year ARM - PURCHASE / REFINANCE - NY
CAPS: 2/7 Floor 3.250%. Pricing for loans $500,000 - $750,000.
0.000$750.003.500%3.436%3.375%$4.49Show Payments and Rates
3/1 Year ARM - PURCHASE / REFINANCE - NY
CAPS: 2/7 Floor 2.750%. Pricing for loans $500,000 - $750,000.
0.000$750.003.000%3.212%3.250%$4.22Show Payments and Rates
1/1 Year ARM - PURCHASE / REFINANCE - NY
CAPS: 2/7 Floor 2.750% after 1st year
Annual Percentage Rate (APR) quoted above are based on a representative $600,000 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 $750.000. Call for rates available for 2-4 family owner occupied residences.
 

All Adjustable Rate Mortgage (ARM) APR's are predicated on a 30 Year Amortization. ARM rates are based on the Wall Street Journal Prime Rate Index with a margin of between 0.000% and 1.500% depending on product. All adjustable rates mortgages (ARM) products are variable and may change after consummation of the loan. Any increase in APR will result in a higher payment.

 
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