Welcome to
The Mortgage Corner® of New England

"Our Low Rates and Great Service Add Up!"
 		 175 Metro Center Blvd,
Suite 9
 Warwick, RI 02886
RI 401-732-4141
MA 877-862-6363

Current Rates

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Fixed Rate

RI Housing

 FHA Financing
Home Programs Closing Costs Calculators Apply On-Line Contact Us About Us
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		 September 3-5, 2010 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*
4.375 0.000 4.382 4.250 0.000 4.259 3.875 0.000 3.885
4.250 0.750 4.303 4.125 0.500 4.357 3.750  0.500 3.802
3.990 1.500 4.295 3.990 1.500 4.472 3.625 1.000 3.762
10-YEAR FIXED RATE CONVENTIONAL
 Loan Amounts from $300,001 - $417,000		 30-YEAR FIXED RATE JUMBO
 Loan Amounts from $417,000 - $650,000		 15-YEAR FIXED RATE JUMBO
 Loan Amounts from $417,000 - $650,000
Rate Points APR* Rates Points APR* Rates Points APR*
3.875 0.000 3.957 4.875 0.000 4.954 4.500 0.000 4.512
3.750 0.500 3.867 4.625 1.000 4.798 4.250 1.000 4.458
3.625 1.250 3.495 4.375 2.000 4.536 4.000 2.000 4.398
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
4.000 0.000 4.387 4.250 0.000 4.857 4.750 0.000 5.684
                 
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 40 yrs
  Loan Amounts from $250,000 - $1,000,000
5.250 0.000 5.635 5.500 0.000 5.637 4.750 0.000 5.684
7/1 ADJUSTABLE - 40 yrs
  Loan Amounts from $250,000 - $1,000,000		 10/1 ADJUSTABLE - 40 yrs
 Loan Amounts from $250,000 - $1,000,000
5.250 0.000 5.635 5.500 0.000 5.637      
                 
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*
4.500 0.000 5.687 4.000 0.000 5.687 3.875 0.000 5.987
4.250 1.000 5.487 3.750 1.000 5.601 3.625 1.000 5.862
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.
 

*APR based on $200,000 loan with 20% Down Payment. Principal * Interest Payments available upon request.
OTHER PROGRAMS AVAILABLE
Construction/Rehabilitation Mortgages | Land Mortgages | No Income/No Asset Verification Mortgages | Less Than Perfect Credit Mortgages | Consolidation Mortgages | 

The Mortgage Corner® of New England
Massachusetts Mortgage Brokers License #MB2483
Rhode Island Mortgage Brokers License 20021323LB

 


Massachusetts Mortgage Brokers License #MB2483 Rhode Island Mortgage Brokers License 20021323LB

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