| As of March 9, 2010
RATES ARE SUBJECT TO CHANGE WITHOUT NOTICE. PLEASE CONTACT OUR MORTGAGE ORIGINATOR JENNIFER IVES-GROEBL
For current rate quotes (860) 393-9145 or (860) 482-9707
EMAIL: Jennifer Ives-Groebl | Evening interviews by appointment
Litchfield Bancorp does not offer, broker, make or sell non-traditional, sub-prime or non-prime home loans as defined in Connecticut Public Act 08-176, an Act Concerning Responsible Lending and Economic Security.
FIXED RATE MORTGAGES (not including Construction to Permanent Loans)**
Maximum Amount $417,000
| |
RATE |
|
POINTS |
|
ANNUAL PERCENTAGE RATE (A.P.R.) |
|
PAYMENT PER $1,000 BORROWED |
| 30 YEAR |
4.750% |
|
2.0 |
|
4.958% |
|
$5.22 |
| |
5.125% |
|
0.0 |
|
5.157% |
|
$5.44 |
| 20 YEAR |
4.625% |
|
2.0 |
|
4.908% |
|
$6.39 |
| |
5.000% |
|
0.0 |
|
5.044% |
|
$6.60 |
| 15 YEAR |
4.125% |
|
2.0 |
|
4.480% |
|
$7.46 |
| |
4.500% |
|
0.0 |
|
4.555% |
|
$7.65 |
80.01% to 90% Loan to Value (LTV) Available: Private Mortgage Insurance (PMI) Required
Depending on loan specifications, your rate may be higher or have delivery fees due to required secondary market adjustments. Interest rates and delivery fees due are subject to credit and property approval based upon secondary market guidelines. Your actual interest rate and APR may vary depending on loan details, such as delivery fees, points, loan amount, combined Loan to Value and your credit history. All rates and terms shown are subject to change without notice.
ADJUSTABLE RATE MORTGAGES (A.R.M.) (not including Construction to Permanent Loans)** Maximum Amount $750,000
| |
RATE |
|
POINTS |
|
ANNUAL PERCENTAGE RATE (A.P.R.) |
|
CAPS |
|
MARGIN |
|
PAYMENT PER $1,000 BORROWED |
| 1 YR ¼ CAPS |
4.000% |
|
2.0 |
|
3.386% |
|
1/4 |
|
2.750% |
|
$4.77 |
| |
4.250% |
|
0.0 |
|
3.254% |
|
1/4 |
|
2.750% |
|
$4.92 |
| 1 YEAR ARM |
3.750% |
|
2.0 |
|
3.365% |
|
2/6 |
|
2.750% |
|
$4.63 |
| |
4.000% |
|
0.0 |
|
3.224% |
|
2/6 |
|
2.750% |
|
$4.77 |
| 3 YEAR ARM |
4.125% |
|
2.0 |
|
3.544% |
|
2/6 |
|
2.750% |
|
$4.85 |
| |
4.375% |
|
0.0 |
|
3.436% |
|
2/6 |
|
2.750% |
|
$4.99 |
| 5 YEAR ARM |
4.625% |
|
2.0 |
|
3.863% |
|
2/6 |
|
2.750% |
|
$5.14 |
| |
4.875% |
|
0.0 |
|
3.784% |
|
2/6 |
|
2.750% |
|
$5.29 |
| 7 YEAR ARM |
4.750% |
|
2.0 |
|
4.105% |
|
2/6 |
|
2.750% |
|
$5.22 |
| |
5.000% |
|
0.0 |
|
4.055% |
|
2/6 |
|
2.750% |
|
$5.37 |
| 10 YR ARM |
4.875% |
|
2.0 |
|
4.436% |
|
2/6 |
|
2.750% |
|
$5.29 |
| |
5.125% |
|
0.0 |
|
4.421% |
|
2/6 |
|
2.750% |
|
$5.44 |
Slightly Higher Margins Apply to Jumbos ($417,000 - $750,000 + .25; $750,001 and over + .50) Maximum Loan to Value 90%; 80.01% - 90% LTV, PMI Required Maximum Term – 30 Years Your Interest Rate and Payment Amount Can Change Under This Loan Program **Please call for our current Construction Loan Rates
FIRST TIME HOME BUYERS
(Application Fee - $375) Maximum Amount $260,000
| |
RATE |
|
POINTS |
|
ANNUAL PERCENTAGE RATE |
|
CAPS |
|
MARGIN |
|
PAYMENT PER $1,000 BORROWED |
| 5 YEAR ARM |
4.500% |
|
0.0 |
|
3.639% |
|
1/4 |
|
2.750% |
|
$5.07 |
95% Loan to Value Rate Available – PMI Required This is a Fixed Rate for 5 Years; Then Becomes a 1 Year ARM
Your Interest Rate and Payment Amount Can Change Under this Loan Program
NONSPECULATIVE, BUILDING LOTS Maximum Amount $250,000
| |
RATE |
|
POINTS |
|
ANNUAL PERCENTAGE RATE |
|
CAPS |
|
MARGIN |
|
PAYMENT PER $1,000 BORROWED |
| 1 YEAR ARM |
6.000% |
|
1.0 |
|
4.825% |
|
2/6 |
|
4.000% |
|
$8.44 |
Your Interest Rate and Payment Amount Can Change Under This Loan Program,
Maximum LT V 75%, Maximum Term – 15 Years
RATES ARE SUBJECT TO CHANGE WITHOUT NOTICE. PLEASE CALL FOR CURRENT RATE QUOTES. EVENING INTERVIEWS BY APPOINTMENT | 
