Conventional Fixed Rate
Effective Date: Monday, November 29, 2021
|Term||Points||Rate||APR*||Monthly Payment Per $1,000.00 Borrowed|
|15 Years||None||3.00%||3.013%||Primary 1-2 Family Homes, Condominiums & Coops||180 monthly payments of $6.91|
|15 Years||None||3.75%||3.763%||Non-Owner Occupied 1-4 & Owner Occupied 3-4 Family Homes & Condominiums||180 monthly payments of $7.27|
|30 Years||None||3.25%||3.257%||Primary 1 & 2 Family Homes, Condominiums & Coops||360 monthly payments of $4.35|
|30 Years||None||4.50%||4.508%||Non-Owner Occupied 1-4 & Owner Occupied 3-4 Family Homes & Condominiums||360 monthly payments of $5.07|
*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 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).
$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.