MORTGAGES

General Mortgage Disclosure

Annual Percentage Rate (APR) shown is the lowest rate offered, including discounts and based on credit score. Rates are subject to change without notice.

All mortgages are subject to credit approval. All rates, terms and conditions are subject to change daily and without notice and no rate is guaranteed. For more information, please call a Mortgage Specialist at 888-436-1847.

Any interest on the portion of the credit extension that is greater than the fair market value of the dwelling is not tax deductible for Federal income tax purposes. Please consult a tax adviser for further information regarding the deductibility of interest and charges.

No Down Payment subject to credit approval. Escrows for real estate taxes required. Property insurance is required and flood insurance may be required. Standard closing costs apply. 

At this time we offer mortgage lending in Maine, New Hampshire, Vermont, and Massachusetts.

PAYMENT EXAMPLES
30-Year Fixed Mortgage Loan with $100,000 loan amount and 6.750% interest rate and annual percentage rate of 6.963% will have a monthly principal and interest payment of $648.60. The APR in the payment example was effective on July 7, 2025. The current APR may be different than the APR used in the payment example.  This payment example is applicable to the 30-Year Fixed Conventional Loan, 30-Year Fixed Home 97, 30-Year Fixed Home 100, and the 30-Year Fixed Jumbo Loan and doesn’t include property taxes or homeowner’s insurance, so the monthly payment will be greater. APR is subject to change, terms and conditions apply.

20-Year Fixed Mortgage Loan with $100,000 loan amount and 6.375% interest rate and annual percentage rate of 6.646% will have a monthly principal and interest payment of $738.23. The APR in the payment example was effective on July 7, 2025. The current APR may be different than the APR used in the payment example. This payment example is applicable to the 20-Year Conventional Loan and doesn’t include property taxes or homeowner’s insurance, so the monthly payment will be greater. APR is subject to change, terms and conditions apply.

15-Year Fixed Mortgage Loan with $100,000 loan amount and 6.000% interest rate and annual percentage rate of 6.331% will have a monthly principal and interest payment of $843.86. The APR in the payment example was effective on July 7, 2025. The current APR may be different than the APR used in the payment example. This payment example is applicable to the 15-Year Fixed Conventional Loan and the 15-Year Fixed Jumbo Loan and doesn’t include property taxes or homeowner’s insurance, so the monthly payment will be greater. APR is subject to change, terms and conditions apply.

Fixed Rate Mortgage Disclosure

All rates assume 80% financing with a 20% down payment. For a 1-4 family owner occupied residence, condo, or mobile home on its own land; and one-unit second homes. Loan approval is based on creditworthiness, amount financed, and ability to repay. Loans with a down payment less than 20% require mortgage insurance which could increase the monthly payment and Annual Percentage Rate.

Please refer as well, to the general disclosure found in the section above.

ARM Disclosure

3/1, 5/1, 7/1 & 10/1 Adjustable Rate Mortgage (ARM)
Loan approval, interest rate, and down payment required based on creditworthiness, amount financed, and ability to repay. Loans with a down payment less than 20% require mortgage insurance which could increase the monthly payment and Annual Percentage Rate. APR may increase after consummation of ARM products. Please refer to the general disclosure found in the section above.

The index for all Adjustable Rate Mortgages is the weekly average of the U.S. Treasury securities for the applicable term. The interest rate on the ARMs will adjust periodically and that may result in an increase of the interest rate after closing. Rates, terms, and conditions are subject to change.

A 3/1 Adjustable Rate Mortgage (ARM) offers a fixed interest rate and monthly payment for the first 3 years. After that, your rate can adjust once a year based on changes in the 1-year U.S. Treasury rate, plus a 3% margin. Your rate won’t go up more than 2% per year—or more than 6% over the life of the loan.

A 5/1 Adjustable Rate Mortgage (ARM) offers a fixed interest rate and monthly payment for the first 5 years. After that, your rate can adjust once a year based on changes in the 1-year U.S. Treasury rate, plus a 3% margin. Your rate won’t go up more than 2% per year—or more than 6% over the life of the loan.

A 7/1 Adjustable Rate Mortgage (ARM) offers a fixed interest rate and monthly payment for the first 7 years. After that, your rate may adjust once per year based on the current 1-year U.S. Treasury rate plus a 3% margin. Your rate increases are limited—or “capped”—at 5% the first time it adjusts, no more than 2% each year after, and no more than 5% total over the life of the loan.

A 10/1 Adjustable Rate Mortgage (ARM) offers a fixed interest rate and monthly payment for the first 10 years. After that, your rate may adjust once per year based on the current 1-year U.S. Treasury rate plus a 3% margin. Your rate increases are limited—or “capped”—at 5% the first time it adjusts, no more than 2% each year after, and no more than 5% total over the life of the loan.

For 1 – 4 family owner-occupied residence, condo or mobile home on its own land; and one-unit second homes.

***HLPR 3/1 Adjustable Rate Mortgage (ARM)

This loan program is available to first-time homebuyers with household incomes at or below the area median, with additional eligibility for certain underserved communities. Escrow for property taxes and insurance is required, and flood insurance if applicable. A minimum of one financial counseling session is required to support buyer readiness. The loan features a fixed rate for the first 3 years. Beginning in year four, the interest rate adjusts annually based on the 1-year U.S. Treasury constant maturity rate plus a 2.75% margin, subject to a maximum increase of 1% per year and 5% lifetime cap over the initial rate. This loan is available for the purchase of 1 – 2 family owner-occupied homes, condominiums, or mobile homes on owned land. Lender-paid closing costs must be reimbursed if the loan is paid in full within the first three years. Purchase transactions only; other restrictions may apply.

1/1 Land Loan (ARM)

The 1/1 Land Loan ARM offers a fixed rate for 1 year and adjusts to a 1-year ARM after that period. The interest rate and monthly payment may adjust annually based on the 1-year U.S Treasury, plus a margin of 6 percentage Points. Caps are 2% annual and 6% lifetime.