NPNC=No Points No Closing Costs. (100K minimum loan amount) See additional disclosures below.
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Percentage Rate |
per $1000 |
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NPNC |
7.125% |
7.13% |
$6.74 |
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NPNC |
6.75% |
6.75% |
$7.61 |
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NPNC |
6.375% |
6.38% |
$8.65 |
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Less Than or Equal to 75% LTV 75%-80% LTV |
0 points 0 points |
7.875% 8.25% |
7.98% 8.36% |
$7.26 $7.52 |
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Percentage Rate |
per $1000 |
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Rate may increase after origination |
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Percentage Rate |
per $1000 |
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All rates subject to change as market changes and without notice; restrictions may apply. Lending area limited to MA, RI and northern CT. All loans are subject to credit and underwriting approval. Loan Level price adjustments may apply.
APR Based on $100,000 @ 80% LTV and basic fees applicable to all mortgage loans. Other fees affecting APR may apply. Payment per $1,000 does not include taxes or insurance, actual payment obligation will be greater. Life of loan servicing by Milford Federal. Lower fixed rate programs may be available. Maximum loan amounts vary by product and property.
Fixed Rate:1 Family $806,500. 2 Family $1,032,650. 3 Family $1,248,150. 4 Family $1,551,250.
Fixed Jumbo: Also available for 10, 15, & 20 year terms. 1 & 2 family owner occupied primary residences. Loan amounts greater than $806,501 to $1,000,000.
ARM Jumbo 1 and 2 family, owner occupied maximum $1,000,000.
ARM Loans, APR may increase after consummation. The new rates will be determined by adding the index at that time (1 year Treasury) to the preset margin rounded to nearest one-eight percentage point. Each adjustment is limited to 2% and total adjustments over the life of the loan are limited to 6%.
Other residential mortgage loan programs are available. To get current rates and details on all of Milford Federals mortgage loan programs, call us at 508-634-2500 or visit one of our four banking offices.
Rates subject to change without notice. All loans are subject to credit and underwriting approval.
The maximum LTV is 80%. Maximum loan amount is $300,000. Rate reduced 1/4% on all equity loans with automatic loan payment from MFB deposit account. Available for owner occupied 1-2 family residence. (Title and Registry recording fees will apply.)
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HELOC Special 1.99% APR introductory rate for 3 months. After the introductory period, pay prime rate minus 0.50% for the life of the loan.
Rate equals Prime minus 0.50% for life of loan. Minimum rate is 4% APR. Maximum rate is 18% APR (Rate subject to change after origination). The maximum LTV is 80%. Available for owner occupied 1-2 family primary residence. (Title and Registry recording fees will apply.)
Fixed rate home improvement loans. Secured 1 family, maximum loan $150,000, maximum term 20 years. Secured 2-4 family, maximum loan $150,000, maximum term 15 years. Rate reduced 1/4% on all home improvement loans with automatic loan payment from MFB deposit account.
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