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Mortgage Rates

The neighborhood professionals who work here have always had a sincere interest in customer needs. With affordable mortgage loans for the first home some of our neighbors have ever owned and, for some, the only home they have ever lived in.

Our Mortgage Plans are Designed for You.

We offer:

  • Fixed rate and adjustable rate mortgages
  • Special programs with low down-payments for first-time buyers
  • Jumbo mortgages with a variety of payment plans to suit your situation
  • Competitive rates & low fees

Home Equity Line of Credit

No Fees and Great Rates!

In addition:

  • Home equity interest rates are generally lower than personal loans
  • Up to 100% of the interest you pay may be tax deductible
  • To activate your line of credit, you simply write a check
  • You pay interest only on the money you use

To find out more about our products and services, please use our information request form, give us a call at (617) 666-4700, or visit our Davis Square, Teele Square or Medford Square Office.

Fixed Rates*
(Effective: February 1, 2012)
Program
 Interest Rate
Points
APR
Monthly Payments
per $1000 borrowed
15 Year Fixed
 		2.875%
13.270%
$6.85
3.125%
03.230%
$6.97
30 Year Fixed
 		3.750%
13.980%
$4.63
4.000%
04.060%
$4.77
*Fixed Rates are for Conventional loans which conform to secondary market standards and are secured by Owner Occupied 1-4 Family Properties.
Rates are subject to change without notice.
Annual Percentage Rate (APR) is based on a 20% down payment.
Property Insurance is required. These payments do not include taxes and insurance. Your payment wil be greater if your loan is secured by a first lien.

No Point & No Closing Cost Programs Are Available


Adjustable Rates*
(Effective: February 1, 2012)
Program
 Term
Interest Rate
Points
APR
Monthly Payments
per $1000 borrowed
1/1 Year ARM
 		1-12 months
2.625%
02.900%
$4.02
13-360 months
2.875%
00.000%
$4.14
3/1 Year ARM
 		1-36 months
2.875%
02.920%
$4.15
37-360 months
2.875%
00.000%
$4.15
5/1 Year ARM
 		1-60 months
3.000%
02.960%
$4.22
61-360 months
2.875%
00.000%
$4.16
*30 Year Terms - RATE CAPS - 2% Per Adjustment period - 6% Over the life of the mortgage
Rates are subject to increase after consummation.
The above rates apply to 1-4 Family Owner Occupied property up to $750,000.
Rates are subject to change without notice.
Annual Percentage Rate (APR) is based on a 20% down payment.
Property Insurance is required.

FIRST TIME HOMEBUYER: NO CLOSING COSTS - Up to $350,000.00


Home Equity*
(Effective: February 1, 2012)
Program
 Interest Rate
APR
Monthly Payments
per $1000 borrowed
Home Equity
 		3.250%
3.250%
$2.76
*The Interest Rate is variable based upon the Prime Rate published in the Wall Street Journal.
The interest rate May Change Monthly and cannot exceed 18% APR OR go below 3.25% APR over the life of the loan.
Rates are subject to change without notice.
Annual Percentage Rate (APR) is based on a 20% down payment.
Property Insurance is required.


PROCESSING FEE:
1-4 Family $495
NMLS #417688
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Copyright © Middlesex Federal Savings, F. A. 		One College Avenue, P.O. Box 440303, Somerville, MA 02144
1196 Broadway, Teele Square, Somerville, MA 02144
53 Riverside Avenue, Medford Square, Medford, MA 02155
(617) 666 - 4700