Loan Rates
The information and materials provided in this site have been provided by various sources and are intended to be current and accurate, however, we cannot warrant or guarantee them as such. The information and materials are subject to change without notice
Conventional Fixed Rate - 1 to 4 Family & Condominiums
| Term | Points | Rate | Annual Percentage Rate | Monthly Payment Per $1,000.00 Borrowed |
|---|---|---|---|---|
| 15 Years | None | 3.50% | 3.512% | 180 monthly payments of $7.15 |
| 30 Years | None | 4.25% | 4.257% | 360 monthly payments of $4.92 |
Available for Loan Amounts Below $1,000,000.00
Rates for loan amounts of $1,000,000.00 and above will be determined by the Association.
Loans over $500,000.00 on one family homes must be owner occupied.
Up to 75% Loan to Value for Purchases, 70% Loan to Value for Refinances
Conventional Fixed Modification Rate - 1 to 4 Family & Condominiums
| Term | Points | Modification Rate | Annual Percentage Rate | Monthly Payment Per $1,000.00 Borrowed |
|---|---|---|---|---|
| 15 Years | None | 3.75% | 3.899% | 180 monthly payments of $7.28 |
| 30 Years | None | 4.50% | 4.587% | 360 monthly payments of $5.07 |
First Time Home Buyers
All First Time Home Buyers will be eligible for a fixed rate mortgage loan on owner occupied, One and Two Family Houses or Condominiums with a maximum purchase price of $420,000.00.
Applicants with a down payment of 5% to 19% will be required to pay a PMI (Private Mortgage Insurance) Premium. Those applicants paying a premium will get a 1/4% discount on the current rate. Applicants putting down 20% or more will not be required to pay a PMI Premium and will not qualify for the reduced interest rate.
Home Equity Loans - 1 to 4 Family & Condominiums
| Term | Points | Rate | Annual Percentage Rate | Monthly Payment Per $1,000.00 Borrowed |
|---|---|---|---|---|
| 15 Years | None | 7.25% | 7.264% | 180 monthly payments of $9.13 |
$350.00 Non-refundable application fee is required on all mortgage loans.
25% down payment required (except for first time home buyers - ask us for details).
Maspeth Federal Savings is an Equal Housing & Equal Opportunity Lender.
Terms and rates are subject to change without notice.
Rates are for informational purposes only and are not binding until a formal commitment has been issued.
All one family Jumbo Loans exceeding $500,000.00 must be owner occupied.
Combined Loan to Value 70% (Maximum Loan Amount $750,000.00)
Non-Conventional Residential and Commercial Loan Products
| Product | Bank Fee | Interest Rate | Terms |
|---|---|---|---|
| Land Loan | One Point | 8.00% | 5 YR (Interest Only) |
| Construction Loan* | One Point | 7.00% | 24 Months (Interest Only) |
| Multi-Family (5-Fam or More) | No Points | 3.25% | 5/5 YR Balloon / 30 YR Payout** |
| No Points | 3.75% | 7/5 YR Balloon / 30 YR Payout*** | |
| No Points | 4.50% | 15 YR Fixed Term (Self-Liquidating) | |
| Mixed Use (Commercial & Apartments) | No Points | 3.25% | 5/5 YR Balloon / 30 YR Payout** |
| No Points | 3.75% | 7/5 YR Balloon / 30 YR Payout*** | |
| No Points | 4.75% | 15 YR Fixed Term (Self-Liquidating) | |
| Commercial Use (Warehouse, Factory & Retail Taxpayer) | No Points | 3.75% | 5/5 YR Balloon / 30 YR Payout** |
| No Points | 4.25% | 7/5 YR Balloon / 30 YR Payout*** | |
| No Points | 5.00% | 15 YR Fixed Term (Self-Liquidating) | |
| Commercial Line of Credit (CLOC) | No Points | Interest Rate will be Commercial Fixed Rate or Prime Rate plus 1% whichever is higher based on property type | 5 YR draw period with repayment Of 15 YRS |
*Converted to fixed mortgage at prevailing rate
**5-year term resets once for an additional 5-years (Prevailing rate & original term)
***7-year term resets once for an additional 5-years (Prevailing rate & original term)
65% maximum loan to value ratio on all non-conventional property mortgages
90-day interest repayment penalty clause on non-conventional mortgages
