Conventional Fixed Rate
Effective Date: Sunday, December 3, 2023
|Term||Points||Rate||APR*||Monthly Payment Per $1,000.00 Borrowed|
|15 Years||None||6.25%||6.264%||Primary 1-2 Family Homes, Condominiums & Coops||180 monthly payments of $8.57|
|15 Years||None||7.00%||7.015%||Non-Owner Occupied 1-4 & Owner Occupied 3-4 Family Homes & Condominiums||180 monthly payments of $8.99|
|30 Years||None||6.75%||6.759%||Primary 1 & 2 Family Homes, Condominiums & Coops||360 monthly payments of $6.49|
|30 Years||None||7.50%||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.