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MORTGAGE RATES |
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Effective
November 19, 2008 |
10:00 AM |
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| Conventional
Mortgages (Single Family Owner Occupied) |
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| Print Friendly Version |
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| Fixed
Rates |
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| TERM
(Up To) 1 |
RATE 2 |
POINTS |
_APR
2 |
PYMT PER $1,000 3 |
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| Jumbo
30 Year (21-30) |
6.625% |
0.000% |
6.633% |
$6.40 |
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| 30 Year (21-30) |
6.125% |
0.000% |
6.145% |
$6.08 |
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6.000% |
0.500% |
6.067% |
$6.00 |
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5.875% |
1.000% |
5.989% |
$5.92 |
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| Jumbo 20 Year (16-20) |
6.625% |
0.000% |
6.636% |
$7.53 |
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| 20 Year (16-20) |
6.125% |
0.000% |
6.152% |
$7.24 |
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6.000% |
0.500% |
6.089% |
$7.16 |
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5.875% |
1.000% |
6.027% |
$7.09 |
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| 15 Year (Up to 15) |
5.750% |
0.000% |
5.784% |
$8.30 |
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5.625% |
0.500% |
5.736% |
$8.24 |
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5.500% |
1.000% |
5.689% |
$8.17 |
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| 1 Terms are
available up to stated number of years. |
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| 2 Annual Percentage
Rates and terms will be determined by the member's overall credit rating and
LTV, are available as low as stated and are subject to change daily without
notice. |
| APR based on
$140,000 loan, 80% LTV with 20% down and no PMI. For >80% LTV, PMI required. |
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| Quoted rates are for monthly payments
and automatic loan payments (ACH) only.
Add .125% to initial rate without automatic loan payments (ACH). |
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| 3 Payment is calculated per $1,000
borrowed at annual percentage rate and longest term available |
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| Bi-Weekly
Mortgage Fixed Rates 4 |
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| TERM
(Up To) 1 |
RATE2 |
POINTS |
_APR
2 |
PYMT PER $1,000 3 |
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| Jumbo
30 Year (21-30) |
6.625% |
0.000% |
6.635% |
$3.18 |
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| 30 Year (21-30) |
6.125% |
0.000% |
6.148% |
$3.04 |
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5.875% |
1.000% |
6.006% |
$2.97 |
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| Jumbo 20 Year (16-20) |
6.625% |
0.000% |
6.637% |
$3.74 |
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| 20 Year (16-20) |
6.125% |
0.000% |
6.155% |
$3.61 |
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5.875% |
1.000% |
6.046% |
$3.54 |
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| 15 Year (11-15) |
5.750% |
0.000% |
5.784% |
$4.15 |
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5.500% |
1.000% |
5.689% |
$4.09 |
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| Convertible
Adjustable Rates 1 |
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With ACH
Payment from a |
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With ACH Payment |
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Beacon
Checking with Direct Deposit |
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| Type |
RATE2 |
Points |
_APR
2 |
Pymt/$1,000 3 |
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RATE2 |
Points |
_APR
2 |
Pymt/$1,000 3 |
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| 1 Year ARM |
5.000% |
0.000% |
3.855% |
$5.37 |
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5.375% |
0.000% |
3.883% |
$5.60 |
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| 3/1 Fixed Period ARM |
5.375% |
0.000% |
4.129% |
$5.60 |
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5.625% |
0.000% |
4.186% |
$5.76 |
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| 5/1 Fixed Period ARM |
5.500% |
0.000% |
4.398% |
$5.68 |
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5.875% |
0.000% |
4.547% |
$5.92 |
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| 7/1 Fixed Period ARM |
5.875% |
0.000% |
4.807% |
$5.92 |
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6.000% |
0.000% |
4.878% |
$6.00 |
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| 10/1 Fixed Period ARM |
6.000% |
0.000% |
5.223% |
$6.00 |
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6.125% |
0.000% |
5.313% |
$6.08 |
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| l The rates stated for adjustable rate mortgage are the
initial rates and are subject to increase. Quoted rates assume a 30 year
term. |
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| l For a coupon payment, add 0.125% to the non-Beacon Checking
ACH interest rates. |
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| l Loan amounts greater than $417,000 (Jumbo) on a 30 year
term, receive a .50% higher initial interest rate than is quoted. |
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| l Maximum Adjustments: 1yr, 3yr and
5yr ARM are 2% Annual and 6% Life of Loan; 7yr & 10yr ARM are 5% Initial
Rate Change, 2% Annual and 5% Life of Loan. |
| l APR is based on an Index of 1-Year US Treasury of 1.12% as
of 11/14/08. Margin is 2.625%. A discount or
premium may apply to the initial interest rate. |
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| Conversion
Options: May be converted
to a fixed rate, ask for our CARM Disclosure for applicable terms. Conversion
fee may apply. |
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| Conventional
Mortgages (Single Family Non-Owner Occupied) - Max 70% LTV |
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| Fixed
Rates |
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| TERM
(Up To) 1 |
RATE 2 |
POINTS |
_APR
2 |
PYMT PER $1,000 3 |
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| Jumbo
30 Year (21-30) |
7.625% |
0.000% |
7.634% |
$7.08 |
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| 30 Year (21-30) |
7.125% |
0.000% |
7.147% |
$6.74 |
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| Jumbo 20 Year (16-20) |
7.625% |
0.000% |
7.636% |
$8.13 |
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| 20 Year (16-20) |
7.125% |
0.000% |
7.153% |
$7.83 |
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| 15 Year (Up to 15) |
6.750% |
0.000% |
6.785% |
$8.85 |
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| 1 Terms are
available up to stated number of years. Convertible ARM's only available with
a 15 year or 30 year term. |
| 2 Annual Percentage Rates and terms will be determined by the
member's overall credit rating, occupancy, number of units, LTV, and are
available as low as stated and are subject to change daily without notice.
APR's on conventional loans based on $165,000, $357 in prepaid finance
charges in addition to any points, 80% LTV with no PMI. For >80% LTV, PMI
required. Maximum loan amount on conventional loans is $417,000 single
family. APR's on Jumbo loans based on single-family $417,001 loan, $357 in
prepaid finance charges in addition to any points, 80%LTV with no PMI.
Maximum 70% LTV allowed for 1-4 family non-owner occupied. Quoted rates are
for monthly payments and automatic loan payments (ACH) only. Add .125% to
initial rate without automatic loan payments (ACH). Adjustable rate mortgages
quoted on owner occupied property only. |
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| 3 Payment is
calculated per $1,000 borrowed at annual percentage rate and longest term
available. |
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| 4 Bi-Weekly
Mortgage requires automatic payment deduction from a depository account
maintained with the Servicer. |
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| www.beaconfederal.com |
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| For Customer
Service, dial the Beacon Call Center: |
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| Phone #: (315)
433-0111, Option 4 or Toll-Free: 1-888-256-3800 |
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