The Mortgage Corner® of
New England is a full
service mortgage broker
in Massachusetts and
Rhode Island. We arrange
but do not make mortgage
loans. We have a large
group National Lenders
who fund our mortgage
loans. Mortgage rates
are set each day and are
subject to change
without notice. Quoted
points include both
discount points and
origination fees. Quoted
rates are for a 30 day
rate lock period and
borrower must have a
signed application in
order to "lock-in" your
rate. All conventional
rates quoted are for
single family owner
occupied properties with
loan amounts ranging
from $300,001 to
$417,000 for purchase
transactions. Rates
quoted are based on a
borrower credit score of
at least 741. Higher
rates may apply to
borrowers with credit
scores below 740. Rates
posted are not available
in all areas. All jumbo
rates (above $417,001)
are for purchase
transactions, refinance
rates may differ. Rates
for all other loan
amounts lock-in periods,
other property types and
other mortgage programs
are available by phone
in Rhode Island
401-732-4141 or in
Massachusetts at
1-877-862-6363.
|
0 Point 0
Closing Costs |
FHA
Mortgage
Programs |
RI Housing
Mortgage
Programs |
|
Please call for
mortgage rates
for loan
amounts
from
$50,000 -
$300,000 |
February
22, 2012 |
Please call for
mortgage rates
for loan amounts
from $50,000 -
$300,000 |
|
Home Mortgage
Rates |
|
30-YEAR FIXED
RATE
CONVENTIONAL
Loan
Amounts from
$300,001 -
$417,000 |
20-YEAR FIXED
RATE
CONVENTIONAL
Loan
Amounts from
$300,001 -
$417,000 |
15-YEAR FIXED
RATE
CONVENTIONAL
Loan
Amounts from
$300,001 -
$417,000 |
|
Rate |
Points |
APR* |
Rates |
Points |
APR* |
Rates |
Points |
APR* |
|
3.750 |
0.000 |
3.759 |
3.750 |
0.000 |
3.762 |
3.125 |
0.000 |
3.412 |
|
3.625 |
0.750 |
3.698 |
3.625 |
0.500 |
3.705 |
2.875 |
1.000 |
2.985 |
|
3.500 |
2.000 |
3.748 |
3.500 |
1.750 |
3.741 |
2.750 |
1.500 |
2.862 |
10-YEAR FIXED
RATE
CONVENTIONAL
Loan
Amounts from
$300,001 -
$417,000 |
30-YEAR FIXED
RATE JUMBO
Loan
Amounts from
$417,000 -
$750,000 |
15-YEAR FIXED
RATE JUMBO
Loan
Amounts from
$417,000 -
$750,000 |
|
Rate |
Points |
APR* |
Rates |
Points |
APR* |
Rates |
Points |
APR* |
|
3.125 |
0.000 |
3.142 |
4.750 |
0.000 |
4.762 |
3.750 |
0.000 |
3.763 |
|
2.990 |
1.000 |
3.021 |
4.500 |
1.000 |
4.697 |
3.500 |
1.000 |
3.675 |
|
2.875 |
1.500 |
3.012 |
4.250 |
2.000 |
4.489 |
3.250 |
2.000 |
3.485 |
1-YEAR
ADJUSTABLE
Loan
Amounts from
$250,000 -
$1,000,000 |
3/3 ADJUSTABLE
Loan
Amounts from
$250,000 - $417,000 |
5/5 ADJUSTABLE
30 yrs 1% & 3%
Caps
Loan
Amounts from
$250,000 - $417,000 |
|
2.625 |
0.000 |
3.425 |
3.00 |
0.000 |
3.341 |
3.750 |
0.000 |
4.425 |
|
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|
|
|
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|
|
7/1
ADJUSTABLE - 30
yrs
Loan
Amounts from
$250,000 - $1,000,000 |
10/1
ADJUSTABLE - 30
yrs
Loan
Amounts from
$250,000 -
$1,000,000 |
5/1
ADJUSTABLE 30
yrs
Loan
Amounts from
$250,000 - $1,000,000 |
|
3.250 |
0.000 |
3.541 |
3.500 |
0.000 |
3.862 |
2.875 |
0.000 |
3.024 |
|
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FHA
MORTGAGE
PROGRAMS |
|
A federal agency
within the U.S.
Department of
Housing and
Urban
Development
(HUD) that uses
loan insurance
programs to
insure mortgage
for lenders. The
Federal Housing
Administration
(FHA) stimulates
the availability
of housing for
low - and
moderate -
income families. |
30-YEAR FIXED
RATE FHA
Loan
Amounts from
$200,001 -
300,000 |
5/1
ADJUSTABLE - FHA
Loan
Amounts from
$200,001 -
300,000 |
3/1 ADJUSTABLE -
FHA
Loan
Amounts from
$200,001 -
300,000 |
|
Rate |
Points |
APR* |
Rates |
Points |
APR* |
Rates |
Points |
APR* |
|
3.750 |
0.000 |
4.768 |
N/A |
0.000 |
0.000 |
N/A |
0.000 |
0.000 |
|
3.500 |
1.000 |
4.214 |
N/A |
0.00 |
0.000 |
N/A |
0.000 |
0.000 |
|
RHODE ISLAND
HOUSING MORTGAGE
PROGRAMS |
|
We offer
below-market-interest-rate
loans, homebuyer
education and
other services
to make it
easier to buy a
home. There are
limits on how
much you can
earn and how
much you can
spend on a home.
In addition, in
most cases you
must be a
first-time home
buyer. That is
someone who has
never owned a
home or has not
had an ownership
interest in his
or her principal
residence during
the past three
years. |
Mortgage
rates are based
on your income
and other
factors. Please
contact us at
401-732-4141 to
find out what
rate you may
qualify for. |
|
No Points No
Closing
Costs Programs |
|
0 Point 0
Closing Costs
Programs are
available on
certain loan
amounts. These
programs allow
borrowers the
ability to
finance a
mortgage with no
costs to them.
0 Point 0
Closing Costs
Programs require
a higher
interest rate
than a mortgage
with closing
costs. Contact
a Mortgage
Consultant to
compare both
programs to
determine what
is best for your
financial
situation. |
|
Due to
market
volatility to
receive a quote
for the No
points No
Closing Costs
Programs please
call us today at
401-732-4141. |
|
|
*Mortgage rates are
subject to change
without notice. Rates
quoted are for a
$300,000 loan, purchase loan
in the state of Rhode Island
for a 30 day lock period.
The loan requires escrows for
taxes and insurance.
Other loan amounts and
rate lock periods
available. APR based on
20% down payment,
principal & interest
payments available upon
request.
OTHER PROGRAMS
AVAILABLE
Construction/Rehabilitation
Mortgages | Land
Mortgages |
Consolidation Mortgages |
