National Iron Bank: Since 1847
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Lending Solutions
Mortgage Lending

There once was a time when looking for a new home required going to great lengths. Consider the journey of the pilgrims who set sail aboard the Mayflower for the New World in 1620. Thanks to the capable Captain Miles Standish, the pilgrims’ arrival was cause for thanksgiving.
 
At National Iron Bank we have made looking for a new home a whole lot easier. With creative financing solutions, flexible underwriting criteria and a host of fixed and variable rate options, we are committed to making your dreams come true.

Current Rates

Fixed Rate Loans - Connecticut and Massachusetts

Rates as of Tuesday, October 14, 2014

PointsOrigination FeeInterest RateAPRFully Indexed RatePayment per $1,000PaymentsApply
PURCHASE / REFINANCE Loan Rates - CT & MA
30 Year Fixed Rate - PURCHASE / REFINANCE - CT & MA
0.000$750.003.875%4.030%N/A$4.70Show Payments
1.000$750.003.750%3.988%N/A$4.63Show Payments
20 Year Fixed Rate - PURCHASE / REFINANCE - CT & MA
0.000$750.004.250%4.402%N/A$6.19Show Payments
1.000$750.004.000%4.268%N/A$6.06Show Payments
15 Year Fixed Rate - PURCHASE / REFINANCE - CT & MA
0.000$750.003.250%3.439%N/A$7.03Show Payments
1.000$750.003.000%3.334%N/A$6.91Show Payments
10 Year Fixed Rate - PURCHASE / REFINANCE - CT & MA
0.000$750.002.750%3.021%N/A$9.54Show Payments
1.000$750.002.500%2.981%N/A$9.43Show 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.

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Fixed Rate Loans - New York

Rates as of Tuesday, October 14, 2014

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%4.283%N/A$4.85Show Payments
1.000$750.004.000%4.242%N/A$4.77Show Payments
20 Year Fixed Rate - PURCHASE / REFINANCE - New York
0.000$750.004.500%4.653%N/A$6.33Show Payments
1.000$750.004.250%4.521%N/A$6.19Show Payments
15 Year Fixed Rate - PURCHASE / REFINANCE - New York
0.000$750.003.500%3.690%N/A$7.15Show Payments
1.000$750.003.250%3.586%N/A$7.03Show Payments
10 Year Fixed Rate - PURCHASE / REFINANCE - New York
0.000$750.003.000%3.272%N/A$9.66Show Payments
1.000$750.002.750%3.233%N/A$9.54Show 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.

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ARM Rate Loans - Connecticut and Massachusetts

Rates as of Tuesday, October 14, 2014

PointsOrigination FeeInterest RateAPRFully Indexed RatePayment per $1,000PaymentsApply
PURCHASE / REFINANCE Loans - CT & MA
1/1 Year ARM - PURCHASE / REFINANCE - CT & MA
CAPS: 2/7 Floor 2.250% after 1st year
0.000$750.002.250%3.273%3.250%$3.82Show Payments
3/1 Year ARM - PURCHASE / REFINANCE - CT & MA
CAPS: 2/7 Floor 2.500%
0.000$750.002.750%3.242%3.250%$4.08Show Payments
5/1 Year ARM - PURCHASE / REFINANCE - CT & MA
CAPS: 2/7 Floor 2.950%
0.000$750.002.950%3.248%3.250%$4.19Show Payments
7/1 Year ARM - PURCHASE / REFINANCE - CT & MA
CAPS: 2/7 Floor 4.250%
0.000$750.004.500%4.612%4.500%$5.07Show 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. 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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ARM Rate Loans - New York

Rates as of Tuesday, October 14, 2014

PointsOrigination FeeInterest RateAPRFully Indexed RatePayment per $1,000PaymentsApply
PURCHASE / REFINANCE Loans - New York
1/1 Year ARM - PURCHASE / REFINANCE - New York
CAPS: 2/7 Floor 2.500% after first year
0.000$750.002.500%3.293%3.250%$3.95Show Payments
3/1 Year ARM - PURCHASE / REFINANCE - New York
CAPS: 2/7 Floor 2.750%
0.000$750.003.000%3.298%3.250%$4.22Show Payments
5/1 Year ARM - PURCHASE / REFINANCE - New York
CAPS: 2/7 Floor 3.200%
0.000$750.003.200%3.336%3.250%$4.32Show Payments
7/1 Year ARM - PURCHASE / REFINANCE - New York
CAPS: 2/7 Floor 4.500%
0.000$750.004.750%4.863%4.750%$5.22Show 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. 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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Fixed Rate Jumbo Loans - Connecticut & Massachusetts

Rates as of Tuesday, October 14, 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
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
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

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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Fixed Rate Jumbo Loans - New York

Rates as of Tuesday, October 14, 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
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
10 Year Fixed Loan - Jumbo Loan - PURCHASE / REFINANCE - NY
0.000$750.003.000%3.045%N/A$9.66Show Payments

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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Adjustable Rate Jumbo Loans - Connecticut & Massachusetts

Rates as of Tuesday, October 14, 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
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
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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Adjustable Rate Jumbo Loans - New York

Rates as of Tuesday, October 14, 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
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
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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Home Equity Lending
Home Equity Loans - Connecticut and Massachusetts

Rates as of Tuesday, October 14, 2014

PointsOrigination FeeInterest RateAPRFully Indexed RatePayment per $1,000PaymentsApply
Home Equity Loan - term 5 years - CT & MA
0.000$0.003.500%3.580%N/A$18.19Show Payments
Home Equity Loan - term 10 years - CT & MA
0.000$0.003.950%3.992%N/A$10.10Show Payments
Home Equity Loan - term 15 years - CT & MA
0.000$0.004.250%4.280%N/A$7.52Show Payments

* Initial one time draw. Amortized monthly automatic payment deductions from an Iron Country Checking Accounts is required. Loan must be at least $25,000 new money. Loans are subject to a $150 closing fee. On loans Property insurance required. Rates vary by overall credit worthiness and loan to value ratio of each applicant. Rates subject to change without notice. All New York state loans involving a lien on real estate will price at 1/4% above the posted rates. The Bank’s credit criteria apply.

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Home Equity Loans - New York

Rates as of Tuesday, October 14, 2014

PointsOrigination FeeInterest RateAPRFully Indexed RatePayment per $1,000PaymentsApply
Home Equity Loan - NY - term 5 years
0.0000.000%3.750%3.830%N/A$18.30Show Payments
Home Equity Loan - NY - term 10 years
0.0000.000%4.200%4.243%N/A$10.22Show Payments
Home Equity Loan - NY - term 15 years
0.0000.000%4.500%4.530%N/A$7.65Show Payments

* Initial one time draw. Amortized monthly automatic payment deductions from an Iron Country Checking Accounts is required. Loan must be at least $25,000 new money. Loans are subject to a $150 closing fee. On loans Property insurance required. Rates vary by overall credit worthiness and loan to value ratio of each applicant. Rates subject to change without notice. All New York state loans involving a lien on real estate will price at 1/4% above the posted rates. The Bank’s credit criteria apply.

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Home Equity Lines of Credit - Connecticut and Massachusetts

Rates as of Tuesday, October 14, 2014

PointsOrigination FeeInterest RateAPRFully Indexed RatePayment per $1,000PaymentsApply
Home Equity Line of Credit - CT & MA - term 20 years
0.0000.000%3.000%3.000%N/A$2.50Show Payments

*Home Equity Line of Credit Annual Percentage Rate (APR) is 3.00% for the first year. Thereafter, the APR will be based on the Prime Lending Rate as published in the Wall Street Journal and adjusts quarterly. Iron Country Banking provides customers with a 1/4% discount off the Prime Lending Rate. Automatic deduction payment option from Iron Country Banking checking account required. Prime Rate as of July 1, 2013, is 3.25%. The promotional Home Equity Line of Credit minimum Annual Percentage Rate (APR) is 4.00%. Monthly payment based on $25,000 borrowed. New outstanding balance of $25,000 or more required at closing. If line of credit agreement is paid down below $25,000 or closed within three years of activation, a prepayment fee of $500 applies. Loans of greater than $50,000 are subject to a $100 closing fee. Title insurance required for loans greater than $100,000. On loans less than $100,000 a copy of current title insurance required. If not provided, the purchase of title insurance will be required. 1-4 family owner-occupied properties only. Property insurance required. Rates vary by overall credit worthiness and loan-to-value ratio of each applicant. Rates subject to change without notice. All New York state loans involving a lien on real estate will prices at 1/4% above the posted rates. The bank's credit criteria apply. Minimum APR 4%, Maximum APR 18% - with Iron Country Banking relationship and new outstanding balance. Subject to a Minimum of 5% and a Maximum of 18% over the life of the loan.

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Home Equity Lines of Credit - New York

Rates as of Tuesday, October 14, 2014

PointsOrigination FeeInterest RateAPRFully Indexed RatePayment per $1,000PaymentsApply
Home Equity Line of Credit - NY - term 20 years
0.0000.000%3.000%3.000%N/A$2.50Show Payments

*Home Equity Line of Credit Annual Percentage Rate (APR) is 3.00% for the first year. Thereafter, the APR will be based on the Prime Lending Rate as published in the Wall Street Journal and adjusts quarterly. Iron Country Banking provides customers with a 1/4% discount off the Prime Lending Rate. Automatic deduction payment option from Iron Country Banking checking account required. Prime Rate as of July 1, 2013, is 3.25%. The promotional Home Equity Line of Credit minimum Annual Percentage Rate (APR) is 4.00%. Monthly payment based on $25,000 borrowed. New outstanding balance of $25,000 or more required at closing. If line of credit agreement is paid down below $25,000 or closed within three years of activation, a prepayment fee of $500 applies. Loans of greater than $50,000 are subject to a $100 closing fee. Title insurance required for loans greater than $100,000. On loans less than $100,000 a copy of current title insurance required. If not provided, the purchase of title insurance will be required. 1-4 family owner-occupied properties only. Property insurance required. Rates vary by overall credit worthiness and loan-to-value ratio of each applicant. Rates subject to change without notice. All New York state loans involving a lien on real estate will prices at 1/4% above the posted rates. The bank's credit criteria apply. Minimum APR 4%, Maximum APR 18% - with Iron Country Banking relationship and new outstanding balance. Subject to a Minimum of 5% and a Maximum of 18% over the life of the loan.

Construction Loans - Connecticut & Massachusetts

Rates as of Tuesday, October 14, 2014

PointsOrigination FeeInterest RateAPRFully Indexed RatePayment per $1,000PaymentsApply
20 Year Fixed Construction Loan - CT & MA
0.000$1,125.004.875%5.058%N/A$4.06Show Payments
1.000$1,125.004.625%4.919%N/A$3.85Show Payments
15 Year Fixed Construction Loan - CT & MA
0.000$1,125.003.875%4.093%N/A$3.23Show Payments
1.000$1,125.003.625%3.976%N/A$3.02Show Payments
10 Year Fixed Construction Loan - CT & MA
0.000$1,175.003.250%3.542%N/A$2.71Show Payments
1.000$1,175.003.000%3.472%N/A$2.50Show Payments
1/1 Year ARM - CONSTRUCTION - CT & MA
CAPS: 2/7 Floor 2.250% after 1st year
0.000$1,125.002.500%3.340%3.250%$2.08Show Payments
3/1 Year ARM - CONSTRUCTION - CT & MA
CAPS: 2/7 Floor 2.500%
0.000$1,125.003.000%3.347%3.250%$2.50Show Payments
5/1 Year ARM - CONSTRUCTION - CT & MA
CAPS: 2/7 Floor 2.875%
0.000$1,125.003.500%3.673%3.500%$2.92Show Payments
7/1 Year ARM - CONSTRUCTION - CT & MA
CAPS: 2/7 Floor 3.500%
0.000$1,125.004.750%4.933%4.750%$3.96Show Payments

Annual Percentage Rate (APR) quoted above are based on a representative $100,000 loan amount, with 20% down payment/equity for construction loans and 35% down payment/equity for land loans 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.

 
Construction Loans - New York

Rates as of Tuesday, October 14, 2014

PointsInterest RateAPRFully Indexed RatePayment per $1,000PaymentsApply
20 Year Fixed Construction Loan -New York
0.0005.125%5.310%N/A$4.27Show Payments
1.0004.875%5.172%N/A$4.06Show Payments
15 Year Fixed Construction Loan - New York
0.0004.125%4.345%N/A$3.44Show Payments
1.0003.875%4.229%N/A$3.23Show Payments
10 Year Fixed Construction Loan - New York
0.0003.500%3.794%N/A$2.92Show Payments
1.0003.250%3.725%N/A$2.71Show Payments
1/1 Year ARM - CONSTRUCTION - New York
CAPS: 2/7 Floor 2.250% after 1st year
0.0002.750%3.367%3.250%$2.29Show Payments
3/1 Year ARM - CONSTRUCTION - New York
CAPS: 2/7 Floor 2.500%
0.0003.250%3.421%3.250%$2.71Show Payments
5/1 Year ARM - CONSTRUCTION - New York
CAPS: 2/7 Floor 2.875%
0.0003.750%3.925%3.750%$3.13Show Payments
7/1 Year ARM - CONSTRUCTION - New York
CAPS: 2/7 Floor 3.500%
0.0005.000%5.185%5.000%$4.17Show Payments

Annual Percentage Rate (APR) quoted above are based on a representative $100,000 loan amount, with 20% down payment/equity for construction loans and 35% down payment/equity for land loans 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.

Jumbo Construction Loans - Connecticut & Massachusetts

Rates as of Tuesday, October 14, 2014

PointsOrigination FeeInterest RateAPRFully Indexed RatePayment per $1,000PaymentsApply
10 Year Fixed Loan - Jumbo - CONSTRUCTION- CT & MA
0.000$1,125.003.500%3.549%N/A$2.92Show Payments
1.000$1,125.003.250%3.478%N/A$2.71Show Payments
15 Year Fixed Loan - Jumbo - CONSTRUCTION - CT & MA
0.0001,175.000%4.125%4.161%N/A$3.44Show Payments
1.0001,175.000%3.875%3.911%N/A$3.23Show Payments
20 Year Fixed Loan - Jumbo - CONSTRUCTION - CT & MA
0.000$1,175.005.125%5.269%N/A$4.27Show Payments
1.000$1,175.004.875%5.017%N/A$4.06Show Payments
1/1 Year ARM - Jumbo CONSTRUCTION - CT & MA
CAPS: 2/7 Floor 2.500% after 1st year
0.000$1,175.002.750%3.225%3.250%$2.29Show Payments
3/1 Year ARM - Jumbo CONSTRUCTION - CT & MA
CAPS: 2/7 Floor 2.500%
0.000$1,175.003.000%3.205%3.250%$2.50Show Payments
5/1 Year ARM - Jumbo CONSTRUCTION - CT & MA
CAPS: 2/7 Floor 2.875%
0.000$1,175.003.500%3.392%3.500%$2.92Show Payments
7/1 Year ARM - Jumbo CONSTRUCTION - CT & MA
CAPS: 2/7 Floor 3.750%
0.000$1,175.005.000%4.540%5.000%$4.17Show Payments

Annual Percentage Rate (APR) quoted above are based on a representative $100,000 loan amount, with 20% down payment/equity for construction loans and 35% down payment/equity for land loans 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.

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Jumbo Construction Loans - New York

Rates as of Tuesday, October 14, 2014

PointsOrigination FeeInterest RateAPRFully Indexed RatePayment per $1,000PaymentsApply
10 Year Fixed Loan - Jumbo - CONSTRUCTION - New York
0.000$1,175.003.750%3.799%N/A$3.13Show Payments
1.000$1,175.003.500%3.729%N/A$2.92Show Payments
15 Year Fixed Loan - Jumbo - CONSTRUCTION- New York
0.000$1,175.004.375%4.412%N/A$3.65Show Payments
1.000$1,175.004.125%4.296%N/A$3.44Show Payments
20 Year Fixed Loan - Jumbo - CONSTRUCTION - New York
0.000$1,175.005.375%5.406%N/A$4.48Show Payments
1.000$1,175.005.125%5.269%N/A$4.27Show Payments
7/1 Year ARM - CONSTRUCTION - New York
CAPS: 2/7 Floor 4.000%
0.000$1,175.005.250%4.794%5.250%$4.38Show Payments
5/1 Year ARM - CONSTRUCTION - New York
CAPS: 2/7 Floor 3.125%
0.000$1,175.003.750%3.575%3.750%$3.13Show Payments
3/1 Year ARM - CONSTRUCTION - New York
CAPS: 2/7 Floor 2.750%
0.000$1,175.003.250%3.296%3.250%$2.71Show Payments
1/1 Year ARM - CONSTRUCTION - New York
CAPS: 2/7 Floor 2.750% after 1st year
0.000$1,175.003.000%3.252%3.250%$2.50Show Payments

Annual Percentage Rate (APR) quoted above are based on a representative $100,000 loan amount, with 20% down payment/equity for construction loans and 35% down payment/equity for land loans 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.

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