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Current Rates and Programs
Contact Us to Apply Today!
Current Rates as of Thursday, August 26th, 2010, 4:15 PM
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Conforming Mortgages up to $417,000:
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PRODUCTS |
RATE |
APR |
MONTHLY PAYMENT (PRINCIPAL & INTEREST) |
TERM |
POINTS |
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30 Year Fixed |
4.375% |
4.440% |
499.29 |
30 years |
0.000 |
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15 Year Fixed |
3.875% |
3.987% |
733.34 |
15 years |
0.000 |
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10 Year Fixed |
3.750% |
3.911% |
1,000.61 |
10 years |
0.000 |
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5/1 ARM (Converts to a 1 year after year 5) |
3.125% |
3.022% |
428.38 |
30 years |
0.000 |
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Jumbo Mortgages over $417,000: |
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PRODUCTS |
RATE |
APR |
MONTHLY PAYMENT (PRINCIPAL & INTEREST) |
TERM |
POINTS |
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30 Year Fixed |
4.750% |
5.015% |
521.65 |
30 years |
0.000 |
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5/1 ARM (Converts to 1 year after year 5) |
3.125% |
3.022% |
428.38 |
30 years |
0.000 |
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10/1 ARM (Converts to 1 year after year 10) |
3.875% |
3.506% |
470.24 |
30 years |
0.000 |
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Government Mortgages: |
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PRODUCTS |
RATE |
APR |
MONTHLY PAYMENT (PRINCIPAL & INTEREST) |
TERM |
POINTS |
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FHA 30 year Fixed Rate Mortgage |
4.250% |
4.271% |
491.94 |
30 years |
0.000 |
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CHFA 30 year Fixed Rate Mortgage |
4.000% |
4.100% |
477.42 |
30 years |
1.000 |
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VA 30 year Fixed Rate Mortgage |
4.250% |
4.271% |
491.94 |
30 years |
0.250 |
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Repayment Disclosure:
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A 30 year $100,000.00, 3/1 year adjustable rate loan with an initial interest rate of _____% with 0% points will have an APR of ______%. The loans will be repayable in 360 monthly payments of principal and interest. The first 36 payments will be in the amount of $_______. The interest rate is fixed for the first three years. The interest rate and payment amount thereafter is subject to increase or decrease annually. This example assumes that the initial interest rate remains the same. The interest rate will be based on the average of the London Interbank Offered Rates (LIBOR) for one year dollar deposits as published in the Wall Street Journal. Annual Percentage Rate is based on a 20% down payment for an owner occupied single family property.
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A 30 year $100,000.00, 5/1 year adjustable rate loan with an initial interest rate of _____% with 0% points will have an APR of ______%. The loans will be repayable in 360 monthly payments of principal and interest. The first 60 payments will be in the amount of $_______. The interest rate is fixed for the first five years. The interest rate and payment amount thereafter is subject to increase or decrease annually. This example assumes that the initial interest rate remains the same. The interest rate will be based on the average of the London Interbank Offered Rates (LIBOR) for one year dollar deposits as published in the Wall Street Journal. Annual Percentage Rate is based on a 20% down payment for an owner occupied single family property.
Pricing Notes
Rates for loans to $650,000 include 0.25% discount for an automatic payment deduction (ACH) from your Webster Bank personal checking account. For loan amounts $650,001 to $1,000,000 this discount is reduced to 0.125%. If the ACH is terminated for any reason, your rate will increase by the amount given initially. Rate discount is not valid on Land Loans, Government Assisted Mortgages or Reverse Mortgages Other.
Programs and Rates Available
º Seasonal Homes º Interest º Only Options
º Construction Loans
º Bridge Lines
º Home Equity Lines and Loans
º Rate Lock Float Down Option
º Jumbo Adjustable Products up to 1.5 Million
Interest Rates change daily and are not guaranteed as shown
Rates are subject to change on a daily basis, so please telephone us to get the most current rates. For Adjustable Rate Mortgages, the rate will change after consummation. Payment examples assume a maximum 80% loan-to-value. Monthly payments assume a loan amount of $100,000. For loans higher than an 80% Loan-to-value, mortgage insurance may increase the APR and payment amount. Payments do not include amounts for taxes and insurance premiums, therefore your actual monthly payment will be higher. NOTE: Closing Costs will vary and are based on loan amount and state where property is located. Ask us about our closing costs. Other restrictions may apply. All loans are subject to credit approval. Mortgage applications will be submitted to Webster Bank, N. A. for underwriting and approval.
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