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: Friday, April 18, 2014

TermPointsRateAPR*Monthly Payment Per $1,000.00 Borrowed
15 YearsNone4.00%4.014%180 monthly payments of $7.40

How To Apply

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

How To Apply

* APR= Annual Percentage Rate.

Available for loan amounts below $1,000,000 for 1 to 4 family properties and condominiums only. Rates for loan amounts of $1,000,000 and above will be determined by the Bank. Loans over $500,000 on one family homes must be owner occupied. Up to 75% loan to value for purchases, 70% loan to value for refinances.

$350.00 Non-refundable application fee is required on all mortgage loans. 25% down payment required (except for first time home buyers - ask us for details). 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.

Combined Loan to Value 70% (Maximum Loan Amount $750,000.00).


Conventional Fixed Modification Rate

Effective Date: Friday, April 18, 2014

TermPointsModification RateAPR*Monthly Payment Per $1,000.00 Borrowed
15 YearsNone4.25%4.412%180 monthly payments of $7.53

How To Apply

30 YearsNone5.00%5.097%360 monthly payments of $5.37

How To Apply

* APR= Annual Percentage Rate.

Available for loan amounts below $750,000 for 1 to 4 family properties and condominiums only. Rates for loan amounts of $750,000 and above will be determined by the Bank. Loans over $500,000 on one family homes must be owner occupied. Up to 70% loan to value for purchases or refinances.

$350.00 Non-refundable application fee is required on all mortgage loans. 25% down payment required (except for first time home buyers - ask us for details). 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

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 maximum purchase price of $420,000.00. Applicants with a down payment of 5% to 19% will be required to pay a PMI (Private Mortgage Insurance) premium. Those applicants paying a premium will get a 1/4% discount on the current rate. Applicants putting down 20% or more will not be required to pay a PMI premium and will not qualify for the reduced interest rate. Maspeth Federal Savings is an Equal Housing & Equal Opportunity Lender.

How To Apply


Construction & Land Loans

Effective Date: Friday, April 18, 2014

ProductBank FeeInterest RateTerms
Land LoanOne Point8.00%5 YR (Interest Only)

How To Apply

Construction Loan*One Point7.00%24 Months (interest Only)

How To Apply

*Converted to fixed mortgage at prevailing rate.

Available for loan amounts below $750,000. Rates for loan amounts of $750,000 and above will be determined by the Bank. Loans over $500,000 on one family homes must be owner occupied. Up to 70% loan to value for purchases or refinances.

$350.00 Non-refundable application fee is required on all mortgage loans. 25% down payment required (except for first time home buyers - ask us for details). 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.