Purchase Special - First Time Home Buyer
| Product Description | Rate | Maximum Term | Margin | Discount Points | Annual Percentage Rate (APR) | Monthly Payments | Payments Per $1,000 (Fully Indexed) |
|---|---|---|---|---|---|---|---|
| First Time Home Buyer -10/1 Adjustable Rate Mortgage* | 120 Months@5.625% 12 Months@7.625% 227 Months@8.000% 1 Month@8.000% | 30 Years | 3.000% | 0 | 6.488% | 360 | 120@$5.76 12@$6.74 227@$6.92 1@$6.94 |
Offer available to first time home buyers only. Payments do not include Real Estate Taxes & Insurance. The actual payment obligation may be greater. Your rate may be subject to increase based on credit, loan to value, property type, appraisal review, and other factors and may be different than the rates posted. The bank reserves the right to change the rate and terms of mortgage programs without notice. The above products will be available for 90 days from the date a completed application is received by the bank. Annual percentage rates (APRs) listed above are based on a $250,000 loan amount and a 20% down payment. Rates are effective as of the date of this post. Rates may be subject to change without notice. Property insurance will be required; flood insurance may be required. Please call our mortgage professionals for more information.
*Rates subject to increase after consummation. ARM Caps 2% per adjustment / 5% lifetime. Rates and payments subject to adjust after the first 10 years and annually thereafter. Certain adjustable rate loans may require that new borrowers attend a Home Buyer's Counseling Program and sign an OPT in form for certain adjustable rate products. Please see a mortgage professional at Greenfield Savings Bank for more details.
The Adjustable Rate Indices Used Are: 1 Year Treasury constant maturity weekly average for a 1 Year Review-Index:4.940%
Purchase Special
| Product Description | Rate | Maximum Term | Margin | Discount Points | Annual Percentage Rate (APR) | Monthly Payments | Payments Per $1,000 (Fully Indexed) |
|---|---|---|---|---|---|---|---|
| 10/1 Adjustable Rate Mortgage* | 120 Months@5.750% 12 Months@7.750% 227 Months@8.000% 1 Month@8.000% | 30 Years | 3.000% | 0 | 6.572% | 360 | 120@$5.84 12@$6.82 227@$6.95 1@$6.94 |
Payments do not include Real Estate Taxes & Insurance. The actual payment obligation may be greater. Your rate may be subject to increase based on credit, loan to value, property type, appraisal review, and other factors and may be different than the rates posted. The bank reserves the right to change the rate and terms of mortgage programs without notice. The above products will be available for 90 days from the date a completed application is received by the bank. Annual percentage rates (APRs) listed above are based on a $250,000 loan amount and a 20% down payment. Rates are effective as of the date of this post. Rates may be subject to change without notice. Property insurance will be required; flood insurance may be required. Please call our mortgage professionals for more information.
*Rates subject to increase after consummation. ARM Caps 2% per adjustment / 5% lifetime. Rates and payments subject to adjust after the first 10 years and annually thereafter. Certain adjustable rate loans may require that new borrowers attend a Home Buyer's Counseling Program and sign an OPT in form for certain adjustable rate products. Please see a mortgage professional at Greenfield Savings Bank for more details.
The Adjustable Rate Indices Used Are: 1 Year Treasury constant maturity weekly average for a 1 Year Review-Index:4.940%
Fixed Rate Products for 1-4 Family Owner Occupied Properties
| Product Description | Rate | Maximum Term | Discount Points | Annual Percentage Rate (APR) | Monthly Payments | Payments Per $1,000 |
|---|---|---|---|---|---|---|
| 30-Year Fixed | 6.625% | 30 Years | 2 | 6.900% | 360 | $6.40 |
| 6.750% | 30 Years | 1 | 6.926% | 360 | $6.49 | |
| 6.875% | 30 Years | 0 | 6.952% | 360 | $6.57 | |
| 20-Year Fixed | 6.500% | 20 Years | 2 | 6.858% | 240 | $7.46 |
| 6.625% | 20 Years | 1 | 6.854% | 240 | $7.53 | |
| 6.750% | 20 Years | 0 | 6.850% | 240 | $7.60 | |
| 15-Year Fixed | 6.375% | 15 Years | 2 | 6.820% | 180 | $8.64 |
| 6.500% | 15 Years | 1 | 6.784% | 180 | $8.71 | |
| 6.625% | 15 Years | 0 | 6.749% | 180 | $8.78 | |
| 10-Year Fixed | 6.375% | 10 Years | 0 | 6.546% | 120 | $11.29 |
Payments do not include Real Estate Taxes & Insurance. The actual payment obligation may be greater. Your rate may be subject to increase based on credit, loan to value, property type, appraisal review, and other factors and may be different than the rates posted. The bank reserves the right to change the rate and terms of mortgage programs without notice. The above products will be available for 90 days from the date a completed application is received by the bank. Annual percentage rates (APRs) listed above are based on a $250,000 loan amount and a 20% down payment. Rates are effective as of the date of this post. Rates may be subject to change without notice. Property insurance will be required; flood insurance may be required. Please call our mortgage professionals for more information.
Fixed Rate Bi-Weekly Products for 1-4 Family Owner Occupied Properties*
| Product Description | Rate | Maximum Term | Discount Points | Annual Percentage Rate (APR) | Monthly Payments | Payments Per $1,000 |
|---|---|---|---|---|---|---|
| 30-Year Bi-Weekly | 6.625% | 30 Years | 2 | 6.904% | 360 | $3.20 |
| 6.750% | 30 Years | 1 | 6.918% | 360 | $3.24 | |
| 6.875% | 30 Years | 0 | 6.931% | 360 | $3.28 | |
| 20-Year Bi-Weekly | 6.500% | 20 Years | 2 | 6.857% | 240 | $3.73 |
| 6.625% | 20 Years | 1 | 6.839% | 240 | $3.76 | |
| 6.750% | 20 Years | 0 | 6.821% | 240 | $3.80 | |
| 15-Year Bi-Weekly | 6.375% | 15 Years | 2 | 6.816% | 180 | $4.32 |
| 6.500% | 15 Years | 1 | 6.764% | 180 | $4.36 | |
| 6.625% | 15 Years | 0 | 6.712% | 180 | $4.39 | |
| 10-Year Bi-Weekly | 6.375% | 10 Years | 0 | 6.496% | 120 | $5.65 |
*Requires Automatic Loan Payment from a Greenfield Savings Bank Checking Account. Payments do not include Real Estate Taxes & Insurance. The actual payment obligation may be greater. Your rate may be subject to increase based on credit, loan to value, property type, appraisal review, and other factors and may be different than the rates posted. The bank reserves the right to change the rate and terms of mortgage programs without notice. The above products will be available for 90 days from the date a completed application is received by the bank. Annual percentage rates (APRs) listed above are based on a $250,000 loan amount and a 20% down payment. Rates are effective as of the date of this post. Rates may be subject to change without notice. Property insurance will be required; flood insurance may be required. Please call our mortgage professionals for more information.
Adjustable Rates for 1-4 Family Owner-Occupied Properties
| Product Description | Rate | Maximum Term | Margin | Discount Points | Annual Percentage Rate (APR) | Monthly Payments | Payments Per $1,000 (Fully Indexed) |
|---|---|---|---|---|---|---|---|
| 5/1 Adjustable Rate Mortgage* | 60 Months@5.625% 12 Months@7.625% 287 Months@7.750% 1 Month@7.750% | 30 Years | 2.750% | 0 | 6.956% | 360 | 60@$5.76 12@$6.92 287@$6.99 1@$6.97 |
| 7/1 Adjustable Rate Mortgage* | 84 Months@5.875% 12 Months@7.875% 263 Months@7.875% 1 Month@7.875% | 30 Years | 2.875% | 0 | 6.902% | 360 | 84@$5.92 12@$7.02 263@$7.02 1@$7.01 |
| 10/1 Adjustable Rate Mortgage* | 120 Months@6.000% 12 Months@8.000% 227 Months@8.000% 1 Month@8.000% | 30 Years | 3.000% | 0 | 6.743% | 360 | 120@$6.00 12@$7.00 227@$7.00 1@$7.01 |
| 15/1 Adjustable Rate Mortgage* | 180 Months@6.250% 12 Months@7.940% 167 Months@7.940% 1 Month@7.940% | 30 Years | 3.000% | 0 | 6.605% | 360 | 180@$6.16 12@$6.84 167@$6.84 1@$6.85 |
Payments do not include Real Estate Taxes & Insurance. The actual payment obligation may be greater. Your rate may be subject to increase based on credit, loan to value, property type, appraisal review, and other factors and may be different than the rates posted. The bank reserves the right to change the rate and terms of mortgage programs without notice. The above products will be available for 90 days from the date a completed application is received by the bank. Annual percentage rates (APRs) listed above are based on a $250,000 loan amount and a 20% down payment. Rates are effective as of the date of this post. Rates may be subject to change without notice. Property insurance will be required; flood insurance may be required. Please call our mortgage professionals for more information.
*Rates subject to increase after consummation. ARM Caps 2% per adjustment / 5% lifetime. Rates and payments subject to adjust after the first 5/7/10/15 years and annually thereafter. Certain adjustable rate loans may require that new borrowers attend a Home Buyer's Counseling Program and sign an OPT in form for certain adjustable rate products. Please see a mortgage professional at Greenfield Savings Bank for more details.
The Adjustable Rate Indices Used Are: 1 Year Treasury constant maturity weekly average for a 1 Year Review-Index: 4.940%
Fixed Rate Land Loans*
| Product Description | Rate | Maximum Term | Discount Points | Annual Percentage Rate (APR) | Monthly Payments | Payments Per $1,000 |
|---|---|---|---|---|---|---|
| 15-Year Fixed Rate | 7.375% | 15 Years | 0 | 7.501% | 180 | $9.20 |
*Buildable Lot with Satisfactory Perc Test or Town Water/Sewer.
Payments do not include Real Estate Taxes & Insurance. The actual payment obligation may be greater. Your rate may be subject to increase based on credit, loan to value, property type, appraisal review, and other factors and may be different than the rates posted. The bank reserves the right to change the rate and terms of mortgage programs without notice. The above products will be available for 90 days from the date a completed application is received by the bank. Annual percentage rates (APRs) listed above are based on a $250,000 loan amount and a 20% down payment. Rates are effective as of the date of this post. Rates may be subject to change without notice. Property insurance will be required; flood insurance may be required. Please call our mortgage professionals for more information.
Loan Origination Company Identifier #409187
