Rates

*APR= Annual Percentage Rate.

Available for loan amounts up to $999,999.00. Rates for loan amounts of $1,000,000.00 and above will be determined by the Bank. Loans over $500,000.00 on 1 family homes & condominiums must be owner occupied. Up to 75% loan to value for purchases, 70% loan to value for refinances.

First Time Homebuyers Program is available for purchase of owner occupied single-family and two-family homes, condominiums & co-ops with maximum Purchase Price of $999,000.00. You will receive .25% discount on Interest Rate. Down payment of 5% to 19% will require PMI (Private Mortgage Insurance).

$550.00 Non-refundable application fee is required on investment properties. 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. Maspeth Federal Savings is an Equal Housing & Equal Opportunity Lender.

Co-Ops must be Owner Occupied and are available for loans up to $999,999. 

Subject to Loan-to-Value (LTV) ratio and Debt/Income (DTI) ratio.

Available to properties located in the state of NY (Manhattan, Queens, Brooklyn, Bronx, Staten Island, Nassau, Suffolk & Westchester). Applicant must have an existing mortgage with Maspeth Federal Savings for at least 2 years or own the property free & clear. Property must be owner occupied 1-4 family home, condominium or coop. Closing costs subject to reimbursement if HELOC is satisfied within 3 years. Loan products & services subject to approval. Rates, terms and conditions are subject to change without notice. No minimum draw amount; subject to 24-month activity review.

*Rate is based on the Wall Street Journal’s Prime Rate minus 0.50%. The maximum APR is 15.00% and the minimum APR is 5.00%. The maximum allowable line amount; combined DTI cannot exceed 43%. Property insurance is required, and flood insurance may be required. You should consult with a tax advisor about the deductibility of interest paid on your Home Equity Line of Credit.

Terms and rates subject to change without notice.

*5-year term resets twice for an additional 5-years (Prevailing rate & remaining term).

Terms subject to change without notice.

*5-year term resets twice for an additional 5-years (Prevailing rate & remaining term).

Terms and rates subject to change without notice.

*5-year term resets twice for an additional 5-years (Prevailing rate & remaining term). Note that the 5-year initial rate is an introductory rate. 

Terms and rates subject to change without notice.

Maximum Loan Amount $1,000,000. The standard rate index shall be the Prime Rate as reported in the New York Times minus 0.50%. The rate is subject to change as the Prime Rate changes. During the draw period the interest rate shall not be lower than the rate at time of loan closing. A non-refundable application fee is required. Rates subject to change without notice. Line of Credit shall remain open for a maximum of 5 years. Note that the payment will be interest only during the 5 year draw period. Funds availability shall then close and the ending balance will convert to a closed end, fully amortized conventional mortgage for a 15 year term. The rate will be fixed at the prevailing Maspeth Federal Savings Commercial interest rate for the similar type property. All closing costs will be paid by the borrower and will include, but not limited to, mortgage taxes, appraisal fees, attorney fees and title search fees. Closing costs MUST be paid at closing with newly issued Commercial Line of Credit check. Consult with your financial advisor with regard to interest tax deductibility.  

Terms and rates subject to change without notice.

*Converted to fixed mortgage at prevailing rate.

Penalty for early withdrawal. CDs will automatically renew at maturity unless customer chooses otherwise. Rates and special offers may be withdrawn at any time and are subject to change without notice.

*13-Month CD Promo: Promotional APY is accurate as of December 3, 2023. Minimum Checking Account Balance of $2,500.00 is required to obtain the advertised APY on the CD account. If Checking Account Balance falls below $2,500.00 at any point during the term, the 5.50% APY and the rate will revert to 1.00% APY. After the promotional 13-month term ends, the Certificate of Deposit account will roll into a 12 month Certificate of Deposit and will be subject to the Interest rate as of that date. Offer may be withdrawn or modified without prior notice.

The minimum balance shown is required to achieve the stated Annual Percentage Yield. All above Annual Percentage Yields are accurate as of today's date. Additional fees for check printing may apply. Rates are subject to change without notice. Above rates on non-term accounts may change after the account is opened. Applicable fees could reduce earnings on account. Please ask one of our customer service representatives for further information regarding the fees (if any), terms and conditions for the above-mentioned accounts. Disclosure statements are available at all branch locations. FDIC Insured.