Conventional Fixed Rate Loans
 
The Chicopee Savings Bank lending area is:
  • Western Massachusetts
    • Hampden
    • Hampshire
    • Franklin Counties
  • Northern Connecticut
    • Hartford County
Rates are current as of the date below and are subject to change without notice. Terms and rates will be confirmed after receipt of your application by one of our Chicopee Savings Loan Representatives.  APR's on mortgage loans assume a 20% down payment.

Rates as of Tuesday, January 6, 2009
Product Description Points Interest Rate APR Payment per $1,000 Apply
PURCHASE - Max LTV - 95%
REFINANCE -- Max LTV 80% -- Cash Out REFINANCE - Max LTV 70%
Fixed Rate Mortgages
30 Year Conventional   0.000 4.875% 5.683% $5.29
30 Year Conventional   1.000 4.625% 5.511% $5.14
20 Year Conventional   0.000 4.875% 5.560% $6.53
20 Year Conventional   1.000 4.625% 5.427% $6.39
15 Year Conventional   0.000 4.375% 5.055% $7.59
15 Year Conventional   1.000 4.250% 5.077% $7.52
CSB - 10 Year Fixed   0.000 5.250% 5.679% $10.73
First Time Homebuyers-Low Income and Mass Advantage
MHFA - 30 Year - PURCHASE - *97% LTV - Low Income   0.000 5.375% 5.994% $5.60
MHFA - 30 Year - PURCHASE - *97% LTV - Low Income   2.000 5.125% 5.933% $5.44
MHFA - 30 Year - PURCHASE - *97% LTV - Mass Advantage   0.000 5.625% 6.249% $5.76
MHFA - 30 Year - PURCHASE - *97% LTV - Mass Advantage   2.000 5.375% 6.191% $5.60
100% Mortgage Financing with Lender Paid PMI
15/1 Year Arm (First Time Homebuyers)
15/1 ARM - 30 Year (SIMPLY First 100)   0.000 5.875% 5.436% $5.92
97% Mortgage Financing with Lender Paid PMI
6/5 Year Arm (Purchases & No Cash-out Refinances)
6/5 ARM - 30 Year (SIMPLY 97)   0.000 6.250% 5.139% $6.16
 
  • Mortgage loans with a loan-to-value ratio of over 80% require Private Mortgage Insurance.
  • The above points and rates assume a mortgage for the first lien purchase/refinance of a single family, owner occupied primary residence.  Other restrictions may apply. 

  

  •  The Conventional Fixed interest rates are subject to change based on Secondary Market Guidelines. The interest rate, A.P.R. and fees may vary depending upon loan amount, points, loan purpose and your credit score.
  •  The A.P.R’s listed above are based on a $100,000.00 owner occupied purchase transaction, with a credit score of 675. The secondary market fee for this example would be $1,500.00.
  •  Your rate would increase approximately .375% if the fees in this example were not paid prior to closing. 
  •   Other rates and points options are available upon request.
 

  • MHFA First Time Homebuyer Loans above are based on single family residence scenario. Two thru four family options are available. Maximum loan amounts vary according to family residence option.

Income Guidelines

Standard Income

Low Income

1-2 person               $78,200 1-2 person                $50,300
3 or more person      $89,900 3 or more person       $57,800

 

  • Due to market fluctuations programs, rates, terms and conditions are subject to change without notice.  

Equal House Lender        

Member Bank DIF - Deposit Insurance Since 1934  

 FDIC


Each depositor insured to at least $250,000 by the Federal Deposit
Insurance Corporation (FDIC); all deposits above this amount are
insured by the Depositors Insurance Fund (DIF).

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