Mortgage Programs
First Mortgages – Fixed Rates
| Term | Rates | APR* | Payment/ $1,000 |
|---|---|---|---|
| 10 Year | As Low As 5.500% | 5.703% | $10.86 |
| 15 Year | As Low As 5.750% | 5.895% | $8.31 |
| 20 Year | As Low As 6.000% | 6.117% | $7.17 |
| 30 Year | As Low As 6.250% | 6.340% | $6.16 |
*Annual Percentage Rate (APR). Subject to change at any time, without notice. APR based on a $125,000 loan with 15 days of prepaid interest, $750 processing fee, $89 tax service fee, $20 tax transcript fee, and $11 flood determination fee to purchase a single family primary residence at an 80% Loan-to-Value (LTV) and a FICO Score of 740 or greater unless otherwise noted. Conforming Fixed Rate Loan Limits: 1 family $647,200; 2 family $828,700; 3 family $1,001,650; 4 family $1,244,850. Payment/$1,000 does not include amounts for taxes and insurance premiums. Rates advertised are the best currently available based on credit-worthiness, collateral value and income requirements. Other rates, terms and programs are available. Please contact our mortgage lending department at 508.754.9980 for complete details.
Home Equity Loan – Fixed Rate
| Term | Rates | APR* | Payment/ $1,000 |
|---|---|---|---|
| 5 Year | As Low As 6.000% | 6.102% | $19.34 |
| 10 Year | As Low As 6.250% | 6.307% | $11.23 |
| 15 Year | As Low As 6.500% | 6.542% | $8.72 |
| 20 Year | As Low As 6.750% | 6.785% | $7.61 |
*APR=Annual Percentage Rate. Maximum combined loan to value is 80% for owner-occupied primary residence and owner-occupied second homes. Minimum line amount is $20,000. Minimum floor rate of 3.25%. Subject to normal underwriting requirements. Property and flood insurance may be required. All AllCom loan programs, rates, terms and conditions are subject to change at any time without notice. Offers may be withdrawn at any time. Membership and application are subject to approval. Other terms and conditions may apply.
Home Equity Line of Credit – Variable Rate
| Description | Rates | APR* | Term |
|---|---|---|---|
| Home Equity Line of Credit¹: | Prime ** – 0.25% | 7.50% | Rev. |
(1) Member is responsible for closing costs, which may vary, if loan is paid off or refinanced within first 24 months. (2) Draw period for the first 10 years requires monthly payments of interest-only or $100, whichever is greater, followed by 10 year repayment period. (3) Prime is defined as the Prime Rate as published in the Wall Street Journal as of the last business day of the preceding month. As of 2/2/2023 the Prime Rate is 7.75% with a minimum floor rate of 3.25% and maximum rate of 16.00%. Maximum combined loan to value is 80% for owner-occupied primary residence and owner-occupied second homes. Minimum line amount is $20,000. Subject to normal underwriting requirements. Property and flood insurance may be required. All AllCom loan programs, rates, terms and conditions are subject to change at any time without notice. Offers may be withdrawn at any time. Membership and application are subject to approval. Other terms and conditions may apply.
**Adjusts monthly to Prime – .25%. Prime rate is determined as the Prime Rate, published in the Wall Street Journal, on the last business day of the month. Prime rate is currently 7.75% (as of 2/2/2023).
