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Features Content

  • Fixed rate offered for 1 to 5 years
  • Have a lower monthly payment during the initial fixed rate period than with a conventional mortgage

Current Rates Content

ARMs CT & MA

Effective Date: Tuesday, March 28, 2017

Terms Origination Fee Interest RateAPRFully Indexed Rate Payment Per $1,000
1/1 Year ARMCAPS: 2/7 Floor 2.250% after 1st year $750 2.250%3.428%3.500% $3.82
3/1 Year ARMCAPS: 2/7 Floor 2.500% $750 3.000%3.418%3.500% $4.22
5/1 Year ARMCAPS: 2/7 Floor 2.950% $750 3.750%3.619%3.500%4.63
7/1 Year ARMCAPS: 2/7 Floor 4.250% $750 4.750%4.782%4.750% $5.22

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.

ARMs NY

Effective Date: Tuesday, March 28, 2017

Terms Origination Fee Interest RateAPRFully Indexed RateFully Indexed Rate
1/1 Year ARMCAPS: 2/7 Floor 2.250% after 1st year $750 2.500%3.449%3.500% $3.95
3/1 Year ARMCAPS: 2/7 Floor 2.500% $750 3.250%3.474%3.500% $4.35
5/1 Year ARMCAPS: 2/7 Floor 2.950% $750 4.000%3.709%3.500% $4.77
7/1 Year ARMCAPS: 2/7 Floor 4.250% $750 5.000%5.033%5.000% $5.37

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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