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| 30 Year Fixed Rate Conventional Mortgages |
| 20 Year Fixed Rate Conventional Mortgage |
| 15 Year Fixed Rate Conventional Mortgage |
| 10 Year Fixed Rate Conventional Mortgage |
| New temporary 30 Year Fixed Conforming Jumbo programs |
| New temporary 15 Year Fixed Conforming Jumbo programs |
| 5/1 Adjustable Rate Mortgage Program |
| 30 Year Fixed Rate FHA Mortgages |
| 15 Year Fixed Rate FHA Mortgage |
| No points-No Closing Costs |
| Refi Plus to 105% |
Rates last updated on Monday, February 06, 2012
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30 Year Fixed Rate Conventional Mortgages
For Purchase loans
Purchase a Single Family, Condo or 2-4 Unit property. Owner or Non-Owner Occupied. Mortgage insurance is required for a purchase of less than 20% down payment. Low down payment first time buyer programs available. Most rates have credits to closing costs. Call Dennis for daily pricing!
For Refinance loans
Posted rates assume a Refinance of a single family owner occupied property. Cash out fees apply over 60% LTV. Pricing improves below 60% LTV. 740 middle credit score is assumed. Based on a 30 day rate lock. Most rates have credits to closing costs. Call for daily pricing!
A Limited Cash Out Refinance
Lower your rate and term and include closing costs and pre-paid items. Assumes a 740 credit score. Call Dennis about our Lower Rates for cash out on Owner and Non-Owner occupied properties!
Term: 30 years
Maximum Amount: $417,000
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| Rates | APR | Points |
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| 3.5% | 3.747% | 1% |
| 3.875% | 4.042% | 0% |
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- Owner occupied single family refinance.
- 30 year fixed rate term.
- Estimated payment on $180,000.00 loan @ 4.5% is $912.03 for Principle/Interest.
- Estimates do not include taxes, insurance, PMI or Condo dues.
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20 Year Fixed Rate Conventional Mortgage
Owner occupied single family refinance.
Term: 20 years
Maximum Amount: $417,000
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| Rates | APR | Points |
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| 3.75% | 3.981% | 0% |
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| Owner occupied single family refinance.
20 year fixed rate term.
Estimated payment on $180,000.00 loan @ 4.5% is $1,138.77 Principle/Interest.
Estimates do not include taxes, insurance, PMI or Condo dues |
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15 Year Fixed Rate Conventional Mortgage
Owner occupied single family refinance.
Term: 15 years
Maximum Amount: $417,000
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| Rates | APR | Points |
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| 2.875% | 3.313% | 1% |
| 3.125% | 3.417% | 0% |
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| Owner occupied single family refinance.
15 year fixed rate term.
Estimated payment on $180,000.00 loan @ 4.5% is $1,376.99 Principle/Interest.
Estimates do not include taxes, insurance, PMI or Condo dues |
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10 Year Fixed Rate Conventional Mortgage
Owner occupied single family refinance.
Term: 10 years
Maximum Amount: $417,000
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| Rates | APR | Points |
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| 3.25% | 3.676% | 0% |
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| Owner occupied single family refinance.
10 year fixed rate term.
Estimated payment on $180,000.00 loan @ 4.5% is $1,865.49 Principle/Interest.
Estimates do not include taxes, insurance, PMI or Condo dues |
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New temporary 30 Year Fixed Conforming Jumbo programs
- Temporary Conforming / Jumbo loan amounts for Massachusetts.
- Owner occupied 1-4 units and condo purchase or refinance.
- Minimum credit score 720 to 95% LTV / Full Document only.
- Second mortgages allowed to maximum 90 LTV.
- 2-4 unit financing available.
- Assumes single family owner occupied property.
- Check your county here> https://entp.hud.gov/idapp/html/hicost1.cfm
Term: 30 years
Maximum Amount: $625,000
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| Rates | APR | Points |
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| 3.75% | 4.01% | 1.116% |
| 4% | 4.168% | 0% |
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Primary Residence Transactions: 2 months PITI reserves.
Reserves are exclusive of closing costs and cash-out received.
Limited Cash out permitted to 75% LTV.
Second Homes / Non-Owner require 6 months PITI reserves for each property.
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New temporary 15 Year Fixed Conforming Jumbo programs
- Temporary Conforming / Jumbo loan amounts for Massachusetts.
Owner occupied Single family or Condo purchase and refinance.
Minimum credit score of 720 to 95% LTV / Full Document only.
Subordinate financing allowed to 90% LTV.
2-4 unit financing available.
Assumes single family owner occupied property.
Check your county here> https://entp.hud.gov/idapp/html/hicost1.cfm
Term: 15 years
Maximum Amount: $625,000
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| Rates | APR | Points |
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| 3% | 3.483% | 1.284% |
| 3.375% | 3.669% | 0% |
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- Primary Residence Transactions: 2 months PITI reserves.
- Reserves are exclusive of closing costs and cash-out received.
- Limited Cash out permitted to 75% LTV.
- Second Home or Non-Owner require 6 months PITI reserves for each property.
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5/1 Adjustable Rate Mortgage Program
Adjustable rate program! Fixed for 5 years then adjusts each year based on the 12 month Libor Index plus the Margin of 2.375%. Lifetime caps are 5/2/5. Great program for short term Purchase or Refinance.
Rates assume a single family purchase with 5% down payment.
- Purchase price of $200,000.
- Down payment of $10,000 dollars.
- Loan amount of $190,000 dollars.
- 740 Credit score.
- Payment does not include Taxes, Insurance, PMI or Condo dues.
- Estimated Principle/Interest payment @ 3% for 5 years is $801.05.
Term: 30 years
Maximum Amount: $417,000
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| Rates | APR | Points |
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| 2.5% | 3.389% | 1.168% |
| 3% | 3.47% | 0% |
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2-4 Units and Condo purchase accepted. Call for daily pricing! |
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30 Year Fixed Rate FHA Mortgages
Minimum down payment of 3.5% of the purchase price.
Owner occupied 1-4 unit properties.
3-4 units require 3 months PITI cash reserves.
Minimum loan amount of $180,000.00 dollars.
Cash out to 85% LTV.
Refinance to 97.75% LTV.
Pricing based on minimum credit score of 720.
Term: 30 years
Maximum Amount: $625,500
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| Rates | APR | Points |
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| 3.75% | 3.916% | 0% |
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Check your county here> https://entp.hud.gov/idapp/html/hicost1.cfm |
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15 Year Fixed Rate FHA Mortgage
- Minimum down payment of 3.5% of the purchase price.
- Owner occupied 1-4 unit properties.
- 3-4 units require 3 months PITI cash reserves.
- Minimum loan amount of $180,000.00 dollars.
- Cash out to 85% LTV.
- Refinance to 97.75% LTV.
- Pricing based on minimum credit score of 720.
Term: 15 years
Maximum Amount: $625,500
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| Rates | APR | Points |
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| 3.5% | 3.795% | 0% |
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Check your county here> https://entp.hud.gov/idapp/html/hicost1.cfm |
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No points-No Closing Costs
The closing costs involved in your Purchase or Refinance are paid for by increasing the interest rate or paying points.The closing costs are credited back to you at your closing. The time you expect to live in the home will determine if this program is right for you.
Your Town Mortgage will help you decide what choices are best for your personal circumstances!
Term: 30 years
Maximum Amount: $417,000
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Refi Plus to 105%
The DU Refi Plus™ was created to provide access to low-cost refinancing for responsible homeowners suffering from falling home prices. Borrowers who currently have a FNMA loan can refinance in a better financial position by reducing their monthly principal and interest payments or move from a more risky loan structure (such as interest-only or short-term ARM) to a more stable product.
DU Refi Plus™ provides mortgage refinances for current LTVs up to 105% without mortgage insurance.
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- 660 Minimum credit score.
- 15, 20, 25, 30 & 40 year terms.
- ARMs- 5/1 & 7/1 with 30 yr terms.
- Mininum 12 month mortgage history with 0x30 day lates.
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