Branches
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.