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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 Thursday, December 8, 2016

PointsOrigination FeeInterest RateAPRFully Indexed RatePayment per $1,000PaymentsApply
PURCHASE / REFINANCE Loan Rates - CT & MA
30 Year Fixed Rate - PURCHASE / REFINANCE - CT & MA
0.000$750.004.000%4.044%N/A$4.77Show Payments
1.000$750.003.875%4.002%N/A$4.70Show Payments
25 Year Fixed Rate - PURCHASE / REFINANCE - CT & MA
0.000$750.004.125%4.161%N/A$5.35Show Payments 
1.000$750.003.875%3.910%N/A$5.21Show Payments 
20 Year Fixed Rate - PURCHASE / REFINANCE - CT & MA
0.000$750.003.875%3.918%N/A$5.99Show Payments
1.000$750.003.625%3.782%N/A$5.86Show Payments
15 Year Fixed Rate - PURCHASE / REFINANCE - CT & MA
0.000$750.003.250%3.304%N/A$7.03Show Payments
1.000$750.003.000%3.198%N/A$6.91Show Payments
10 Year Fixed Rate - PURCHASE / REFINANCE - CT & MA
0.000$750.002.950%3.027%N/A$9.63Show Payments
1.000$750.002.700%2.986%N/A$9.52Show 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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Fixed Rate Loans - New York

Rates as of Thursday, December 8, 2016

PointsOrigination FeeInterest RateAPRFully Indexed RatePayment per $1,000PaymentsApply
PURCHASE / REFINANCE Loans - New York
30 Year Fixed Rate - PURCHASE / REFINANCE - New York
0.000$750.004.250%4.295%N/A$4.92Show Payments
1.000$750.004.125%4.254%N/A$4.85Show Payments
25 Year Fixed Rate - PURCHASE / REFINANCE - New York
0.000$750.004.375%4.427%N/A$5.49Show Payments 
1.000$750.004.125%4.176%N/A$5.35Show Payments 
20 Year Fixed Rate - PURCHASE / REFINANCE - New York
0.000$750.004.125%4.168%N/A$6.13Show Payments
1.000$750.003.875%4.033%N/A$5.99Show Payments
15 Year Fixed Rate - PURCHASE / REFINANCE - New York
0.000$750.003.500%3.554%N/A$7.15Show Payments
1.000$750.003.250%3.449%N/A$7.03Show Payments
10 Year Fixed Rate - PURCHASE / REFINANCE - New York
0.000$750.003.200%3.278%N/A$9.75Show Payments
1.000$750.002.950%3.237%N/A$9.63Show 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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ARM Rate Loans - Connecticut and Massachusetts

Rates as of Thursday, December 8, 2016

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%3.428%3.500%$3.82Show Payments
3/1 Year ARM - PURCHASE / REFINANCE - CT & MA
CAPS: 2/7 Floor 2.500%
0.000$750.002.750%3.362%3.500%$4.08Show Payments
5/1 Year ARM - PURCHASE / REFINANCE - CT & MA
CAPS: 2/7 Floor 2.950%
0.000$750.003.250%3.442%3.500%$4.35Show Payments
7/1 Year ARM - PURCHASE / REFINANCE - CT & MA
CAPS: 2/7 Floor 4.250%
0.000$750.004.500%4.660%4.750%$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. Origination fees quoted in the above table are for portfolio loans only.  Sold loans will have a higher origination fee.

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ARM Rate Loans - New York

Rates as of Thursday, December 8, 2016

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%3.449%3.500%$3.95Show Payments
3/1 Year ARM - PURCHASE / REFINANCE - New York
CAPS: 2/7 Floor 2.750%
0.000$750.003.000%3.418%3.500%$4.22Show Payments
5/1 Year ARM - PURCHASE / REFINANCE - New York
CAPS: 2/7 Floor 3.200%
0.000$750.003.750%3.619%3.500%$4.63Show Payments
7/1 Year ARM - PURCHASE / REFINANCE - New York
CAPS: 2/7 Floor 4.500%
0.000$750.004.750%4.910%5.000%$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. Origination fees quoted in the above table are for portfolio loans only.  Sold loans will have a higher origination fee.

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Fixed Rate Jumbo Loans - Connecticut & Massachusetts

Rates as of Thursday, December 8, 2016

PointsOrigination FeeInterest RateAPRPayment per $1,000PaymentsApply
JUMBO Loans - PURCHASE / REFINANCE - CT & MA.
30 Year Fixed Loan - Jumbo - PURCHASE / REFINANCE - CT & MA
0.000$750.004.750%4.777%$5.22Show Payments
25 Year Fixed Loan - Jumbo - PURCHASE/REFINANCE - CT & MA $500,000.00 and up
0.000$750.004.250%4.280%$5.42Show Payments 
20 Year Fixed Loan - Jumbo - PURCHASE / REFINANCE - CT & MA $500,000.00 and up
0.000$750.004.125%4.161%$6.13Show Payments
15 Year Fixed Loan - Jumbo - PURCHASE / REFINANCE - CT & MA $500,000.00 and up
0.000$750.003.375%3.406%$7.09Show Payments
10 Year Fixed Loan - Jumbo - PURCHASE / REFINANCE - CT & MA $500,000.00 and up
0.000$750.003.000%3.045%$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.  Origination fees quoted in the above table are for portfolio loans only.  Sold loans will have a higher origination fee.

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Fixed Rate Jumbo Loans - New York

Rates as of Thursday, December 8, 2016

PointsOrigination FeeInterest RateAPRFully Indexed RatePayment per $1,000PaymentsApply
JUMBO Loans - PURCHASE / REFINANCE - NY.
30 Year Fixed Loan - Jumbo Loan - PURCHASE / REFINANCE - NY $500,000.00 and up
0.000$750.005.000%5.027%N/A$5.37Show Payments
25 Year Fixed Loan - Jumbo Loan - PURCHASE / REFINANCE - NY $500,000.00 and up
0.000$750.004.500%4.530%N/A$5.56Show Payments 
20 Year Fixed Loan - Jumbo Loan - PURCHASE / REFINANCE - NY $500,000.00 and up
0.000$750.004.375%4.405%N/A$5.49Show Payments
15 Year Fixed Loan - Jumbo Loan - PURCHASE / REFINANCE - NY $500,000.00 and up
0.000$750.003.625%3.657%N/A$7.21Show Payments
10 Year Fixed Loan - Jumbo Loan - PURCHASE / REFINANCE - NY $500,000.00 and up
0.000$750.003.250%3.295%N/A$9.77Show 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.  Origination fees quoted in the above table are for portfolio loans only.  Sold loans will have a higher origination fee.

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Adjustable Rate Jumbo Loans - Connecticut & Massachusetts

Rates as of Thursday, December 8, 2016

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 and up
0.000$750.003.750%3.606%3.500%$4.63Show Payments
3/1 Year ARM - PURCHASE / REFINANCE - CT & MA
CAPS: 2/7 Floor 2.500%. Pricing for loans $500,000 and up
0.000$750.003.000%3.405%3.500%$4.22Show 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. Origination fees quoted in the above table are for portfolio loans only.  Sold loans will have a higher origination fee.

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Adjustable Rate Jumbo Loans - New York

Rates as of Thursday, December 8, 2016

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 and up
0.000$750.004.000%3.777%3.625%$4.77Show Payments
3/1 Year ARM - PURCHASE / REFINANCE - NY
CAPS: 2/7 Floor 2.750%. Pricing for loans $500,000 and up
0.000$750.003.250%3.461%3.500%$4.35Show 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. Origination fees quoted in the above table are for portfolio loans only.  Sold loans will have a higher origination fee.

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Home Equity Lending
Home Equity Loans - Connecticut and Massachusetts

Rates as of Thursday, December 8, 2016

PointsOrigination FeeInterest RateAPRFully Indexed RatePayment per $1,000PaymentsApply
Home Equity Loan - term 5 years - CT & MA
0.000$150.003.500%3.580%N/A$18.19Show Payments
Home Equity Loan - term 10 years - CT & MA
0.000$150.003.950%3.992%N/A$10.10Show Payments
Home Equity Loan - term 15 years - CT & MA
0.000$150.004.250%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 origination 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. Any origination fees quoted are for portfolio loans only.  Sold mortgages will have a higher origination fee.

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Home Equity Loans - New York

Rates as of Thursday, December 8, 2016

PointsOrigination FeeInterest RateAPRFully Indexed RatePayment per $1,000PaymentsApply
Home Equity Loan - NY - term 5 years
0.000$150.003.750%3.830%N/A$18.30Show Payments
Home Equity Loan - NY - term 10 years
0.000$150.004.200%4.243%N/A$10.22Show Payments
Home Equity Loan - NY - term 15 years
0.000$150.004.500%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 origination 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. Any origination fees quoted are for portfolio loans only.  Sold mortgages will have a higher origination fee.

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Home Equity Lines of Credit - Connecticut and Massachusetts

Rates as of Thursday, December 8, 2016

PointsOrigination FeeInterest RateAPRFully Indexed RatePayment per $1,000PaymentsApply
Home Equity Line of Credit - CT & MA - term 20 years
0.000$100.003.000%3.000%N/A$2.50Show Payments

*Home Equity Line of Credit Annual Percentage Rate (APR) is 3.00% and will be based on the Prime Lending Rate as published in the Wall Street Journal and adjusts quarterly. Automatic deduction payment option from Iron Country checking account is required. Prime Rate as of December 17, 2015, is 3.50%.  Monthly payment based on $25,000 borrowed. New outstanding balance of $25,000 or more required at closing. If the line of credit agreement is paid down below $25,000 or closed within the first month after commencing, and/or if it is paid off/closed during the 8 year draw period,  a prepayment fee of $350 applies. Loans of greater than $50,000 are subject to a $100 origination 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 3%, Maximum APR 18% - with Iron Country Banking relationship and new outstanding balance. Subject to a Minimum of 3% and a Maximum of 18% over the life of the loan. Any origination fees quoted are for portfolio loans only.  Sold loans will have a higher origination fee.

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Home Equity Lines of Credit - New York

Rates as of Thursday, December 8, 2016

PointsOrigination FeeInterest RateAPRFully Indexed RatePayment per $1,000PaymentsApply
Home Equity Line of Credit - NY - term 20 years
0.000$100.003.000%3.000%N/A$2.50Show Payments

*Home Equity Line of Credit Annual Percentage Rate (APR) is 3.00% and will be based on the Prime Lending Rate as published in the Wall Street Journal and adjusts quarterly. Automatic deduction payment option from Iron Country checking account is required. Prime Rate as of December 17, 2015, is 3.50%.  Monthly payment based on $25,000 borrowed. New outstanding balance of $25,000 or more required at closing. If the line of credit agreement is paid down below $25,000 or closed within the first month after commencing, and/or if it is paid off/closed during the 8 year draw period,  a prepayment fee of $350 applies. Loans of greater than $50,000 are subject to a $100 origination 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 3%, Maximum APR 18% - with Iron Country Banking relationship and new outstanding balance. Subject to a Minimum of 3% and a Maximum of 18% over the life of the loan. Any origination fees quoted are for portfolio loans only.  Sold loans will have a higher origination fee.

Construction Loans - Connecticut & Massachusetts

Rates as of Thursday, December 8, 2016

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%3.479%3.500%$2.08Show Payments
3/1 Year ARM - CONSTRUCTION - CT & MA
CAPS: 2/7 Floor 2.500%
0.000$1,125.003.000%3.438%3.500%$2.50Show Payments
5/1 Year ARM - CONSTRUCTION - CT & MA
CAPS: 2/7 Floor 2.875%
0.000$1,125.003.500%3.722%3.750%$2.92Show Payments
7/1 Year ARM - CONSTRUCTION - CT & MA
CAPS: 2/7 Floor 3.500%
0.000$1,125.004.750%4.938%5.000%$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.  Any origination fees quoted are for portfolio loans only.  Sold loans will have a higher origination fee.

 
Construction Loans - New York

Rates as of Thursday, December 8, 2016

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%3.505%3.500%$2.29Show Payments
3/1 Year ARM - CONSTRUCTION - New York
CAPS: 2/7 Floor 2.500%
0.0003.250%3.512%3.500%$2.71Show Payments
5/1 Year ARM - CONSTRUCTION - New York
CAPS: 2/7 Floor 2.875%
0.0003.750%3.972%4.000%$3.13Show Payments
7/1 Year ARM - CONSTRUCTION - New York
CAPS: 2/7 Floor 3.500%
0.0005.000%5.189%5.250%$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.  Any origination fees quoted are for portfolio loans only.  Sold loans will have a higher origination fee.

Jumbo Construction Loans - Connecticut & Massachusetts

Rates as of Thursday, December 8, 2016

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%3.500%$2.29Show Payments
3/1 Year ARM - Jumbo CONSTRUCTION - CT & MA
CAPS: 2/7 Floor 2.500%
0.000$1,175.003.000%3.438%3.500%$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%3.750%$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%5.250%$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.  Any origination fees quoted are for portfolio loans only.  Sold loans will have a higher origination fee.

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Jumbo Construction Loans - New York

Rates as of Thursday, December 8, 2016

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%5.500%$4.38Show Payments
5/1 Year ARM - CONSTRUCTION - New York
CAPS: 2/7 Floor 3.125%
0.000$1,175.003.750%3.575%4.000%$3.13Show Payments
3/1 Year ARM - CONSTRUCTION - New York
CAPS: 2/7 Floor 2.750%
0.000$1,175.003.250%3.296%3.500%$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%3.532%3.500%$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.  Any origination fees quoted are for portfolio loans only.  Sold loans will have a higher origination fee.

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