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Mortgage Rates

Conventional Fixed Rate

Effective Date: Sunday, December 3, 2023

Conventional Fixed Rate

TermPointsRateAPR*Monthly Payment Per $1,000.00 Borrowed
15 YearsNone6.25%6.264%Primary 1-2 Family Homes, Condominiums & Coops180 monthly payments of $8.57
15 YearsNone7.00%7.015%Non-Owner Occupied 1-4 & Owner Occupied 3-4 Family Homes & Condominiums 180 monthly payments of $8.99
30 YearsNone6.75%6.759%Primary 1 & 2 Family Homes, Condominiums & Coops360 monthly payments of $6.49
30 YearsNone7.50%7.509%Non-Owner Occupied 1-4 & Owner Occupied 3-4 Family Homes & Condominiums 360 monthly payments of $6.99

*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.