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Today’s Rates: July 26, 2022
Fixed Rate Products
FIXED RATE SALEABLE: Servicing Retained; Primary Residence, Second Homes (SFR & Condo), 1-4 Family Owner Occupied
TERM IN YEARS
15
15
20
20
30
30
RATE
4.375
4.875
4.750
5.250
5.125
5.500
POINTS
2.00
0.00
2.00
0.00
2.00
0.00
APR 1
4.785**
4.856***
5.080***
5.335***
5.388***
5.564***
MAX LTV 2
*
*
*
*
*
*
Monthly Payment Per $1000 3
7.59
7.78
6.46
6.74
5.44
5.68
**Maximum Loan to Value (LTV) for Second Homes not to exceed 70%**
FIXED RATE SALEABLE Investment Properties: Servicing Retained: Non-Owner occupied SFR or 1-4 Units
TERM IN YEARS
15
15
30
30
INTEREST RATES
4.990
5.500
5.750
5.990
POINTS
2.00
1.00
2.00
1.00
APR 1
5.413***
5.770***
6.007***
6.154***
MAX LTV 2
*
*
*
*
Monthly Payment
Per $1000 3
7.90
8.17
5.84
5.99
FIXED RATE HOME EQUITY LOAN: Primary Residence or Second Home 1st or 2nd lien
Note: BS&L must hold the 1st lien for a 2nd lien Home Equity Line of Credit
TERM IN
YEAR
5
10
INTEREST
RATES
4.500
5.250
POINTS
0.00
0.00
APR 1
4.757***
5.427***
MAX
LTV 4
70
70
Monthly Payment
Per $1000 3
18.64
10.73
Manufactured Homes
Ineligible Properties: Double-wide or single-wide manufactured homes in a park and single-wide manufactured homes on its own land.
Eligible Properties: June 1976 or newer Double-wide manufactured home on its own land.
Home Equity Line of Credit (Heloc) Product
Portfolio Financing - Primary Residence or Second Home- 1st or 2nd lien (Seasonal, investment and land only properties ineligible)
Note: BS&L must hold the 1st lien for a 2nd lien Home Equity Line of Credit
15/15 HELOC: Minimum loan amount $10,000, Maximum $1,000,000. The current rate is the Prime Rate as published in the Wall Street Journal plus a margin of 0%. The current prime rate in effect is 4.75% with an APR of 4.816%. APRs are based on interest only. Maximum Rate 18%. The rate is variable and is subject to change monthly. NO PREPAYMENT PENALTIES
Maximum Combined LTV 70% based on current appraised value or current tax assessed value
Home Equity Fees generally range between $500-$1500
Construction Loans
ELIGIBLE OCCUPANCY TYPE – Primary Residence and Second-home single-family residences. (tiny homes are ineligible) NOTE: Primary Residences, Maximum LTV is 80% of the acquisition costs or the appraised value whichever is less. Second Homes, Maximum LTV is 70% of the total acquisition cost or the appraised value whichever is less.
Contact a Loan Officer for terms and conditions
No prepayment penalties on residential mortgage products.
Maximum Loan Amount on Saleable conforming fixed rate mortgages is $647,200.00
1. Annual Percentage Rate (APR), points, and interest rates are indications only, and are subject to change without notice. Qualification is subjec t to credit, underwriting and property approval. The annual percentage rate (APR)* quote are based on a loan amount of $100,000.
2. Maximum Loan to Value (LTV) – contact one of our Mortgage Officers for Maximum LTV options. LTVs are based on a 20% down payment. Down payments less than 20% will require Private Mortgage Insurance (PMI)
3. Monthly Payment Per $1000.00 represents the monthly principal and interest only, and, does not include monthly taxes, homeowner's insurance, HOA type fees or monthly private mortgage insurance premiums.
4. Home Equity Loans and Home Equity Lines Or Credit cannot exceed a combined total Loan to Value (TLTV) of 70% based on the appraised value or the current Town Tax Assessment. At descrtion, BS&L has the right to require and appraisal by an independent certified appraiser.
Contact one of our Mortgage Officers for all our mortgage products
All Rates are subject to change unless you lock your rate. Discuss rate lock options with your Mortgage Officer.
Brattleboro Savings and Loan NMLS#446356
Loan Origination Team
Helen Wachtel | 802.275.3902 | hwachtel@brattbank.com | NMLS#488141
Linda Hescock | 802.464.7537 | lhescock@brattbank.com | NMLS#1536097
Mia DeAngelis | 802.275.3903 | mia@brattbank.com | NMLS#487902
Apply online at www.brattbank.com and click on mortgage to start your mortgage process today!