CORRESPONDENT MORTGAGE PROGRAMS
Middlesex Savings Bank understands that different people have different mortgage needs and priorities. That is why we’ve partnered with correspondents that offer unique advantages, such as a smaller down payment requirement or better pricing for a particular situation.
Be assured that if you choose to apply for one of the programs below, you will experience the same level of service and expertise throughout the application and closing process as you would if you applied for one of our MSB products. Keep in mind, however, that the loan will be subject to the limitations and requirements of the correspondent, and will not be maintained or serviced by Middlesex Savings Bank.
Sample Rates
Rates effective May 16, 2012
| Product | Rate | APR* | Points | Monthly Pmt/$1000 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Conforming Mortgages: 30 Year Conforming | 3.875% | 3.915% | 0 points | $4.70 | |||||||
| Conforming loans are those that meet the loan limits and underwriting standards of Freddie Mac or Fannie Mae, and are eligible for sale to those agencies. Loan limits vary by location and transaction. Interest rates vary based on the specific loan request, property type, credit score, etc. Sample rate shown. Your actual rate may be higher or lower. Please call for details. | |||||||||||
| Mass Housing Mortgages: 30-Year Fixed | 4.000% | 4.048% | 0 points | $4.77 | |||||||
| Mass Housing loans feature a down payment as low as 3%. Income, loan amount and acquisition cost limits apply. Borrowers cannot own another home at the time of closing. Please call for details. | |||||||||||
Notes: *Annual Percentage Rate (APR) assumes 20% down payment (purchase) or 80% LTV (refinance) on owner-occupied property. Other options available. Property insurance required. See tax advisor regarding deductibility of interest. Other terms and conditions apply. Rates subject to change at any time. | |||||||||||
APPLY TODAY
Where the availability and pricing for these products varies by location, transaction and borrower, applications cannot be accepted on line. To apply, please call 1-877-672-7654. We can take your application over the phone or set up an appointment with a loan officer near you, whichever you prefer.
