Issue 11 - 75th Anniversary Edition

15 YEAR 3.263 % APR** Thomas Rudzewick President and Chief Executive Officer Sincerely, Apply Online Today **Annual Percentage Rate (APR) is effective 3/9/22. Visit maspethfederal.com for current rates. Available for loan amounts up to $999,999.00 for 1 to 4 family properties, condominiums & co-ops only. Rates for loan amounts of $1,000,000.00 and above will be determined by the Bank. Loans over $500,000.00 and above on 1 family homes & condominiums must be owner-occupied. Co- op loans must be owner-occupied regardless of loan amount. Up to 75% loan to value for purchases, 70% loan to value for refinances. Available to properties located in the state of NY (Manhattan, Queens, Brooklyn, Bronx, Staten Island, Nassau, Suffolk & Westchester). Rates & terms are subject to change without notice. $550.00 non-refundable application fee is required on investment properties. Rates are for informational purposes only and are not binding until a formal commitment has been issued. First Time Homebuyers Program is available for purchase of owner occupied 1 family homes, condominiums & co-ops with maximum Purchase Price of $750,000.00, and 2 family with maximum Purchase Price of $999,000.00 only. You will receive .25% discount on Interest Rate. Down payment of 5% to 19% will require PMI (Private Mortgage Insurance). Primary 1 & 2 Family Homes, Condominiums &Co-ops Non-Owner Occupied 1-4 & Owner Occupied 3-4 Family Homes &Condominiums 3.763 % APR** 3.507 % APR** Primary 1 & 2 Family Homes, Condominiums &Co-ops Non-Owner Occupied 1-4 & Owner Occupied 3-4 Family Homes &Condominiums 4.508 % APR** ANNOUNCING A MILESTONE FIXEDRATE MORTGAGES 30 YEAR I’m excited to announce that Maspeth Federal Savings will be celebrating our 75th Anniversary. For this significant milestone we will commemorate with 75 Days of Giving. During these upcoming events, we will have many opportunities for our customers to win fabulous prizes and experiences. Our community will also be included through our gift donations to nonprofit organizations. Each account holder is invited to complete a digital entry form on our website for a chance to win many of the prizes listed on the facing page and the grand prize – a brand new electric vehicle! We look forward to celebrating our Diamond Anniversary with you at our upcoming events, including our renowned summer concert series, family movie nights, Smile on Maspeth Day and much more! It’s been our pleasure to serve the public while becoming intertwined into the fabric of the community these past seventy- five years. We were confident in our formative days, as we are now, that our support of nonprofits and civic groups in Queens and Long Island would enhance the quality of life in our region; and we are pleased that we have made the dream of property ownership possible for thousands of residents and businesses. We are dedicated to demystifying the home buying process by offering First-time Homebuyer Workshops and are teaching students about budgeting and building credit at our Financial Literacy Student Sessions at local schools. In this newsletter, we are notifying you of valuable tax credits that can be claimed (if you qualify) on your income taxes, and of ways to shape up your personal finances for a more secure future. As we celebrate seventy-five years of service, it is our pleasure to thank you for being a Maspeth Federal Savings customer. We look forward to having you join us at our festivities over the next few months and wish you luck in our 75 Days of Giving raffles!