Mortgage Rates

The information and materials provided in this site have been provided by various sources and are intended to be current and accurate, however, we cannot warrant or guarantee them as such. The information and materials are subject to change without notice

Conventional Fixed Rate

Effective Date: Thursday, June 21, 2018

TermPointsRateAPR*Monthly Payment Per $1,000.00 Borrowed
15 YearsNone4.00%4.013%180 monthly payments of $7.40

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30 YearsNone4.75%4.758%360 monthly payments of $5.22

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* APR= Annual Percentage Rate.

Available for loan amounts below $1,000,000.00 for 1 to 4 family properties and condominiums only. 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 or 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 or condominiums 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.


First Time Home Buyers

If you have not owned any properties in the last 3 years, you are eligible for our First Time Homebuyers Program with as little as 5% down payment.

Please note: with a down payment of 5% to 19%, PMI will be required.

All First Time Home Buyers will be eligible for a fixed rate mortgage loan on OWNER OCCUPIED, one and two family houses or condominiums with a .25% discount on Interest Rate.

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