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Mortgage Loan Rates

Rates as of December 20, 2024. All rates subject to change without notice.
 

First-Time Homebuyer Program1


Term Rate APR Points Monthly P&I per $1,0002
40 Year 6.625% 6.668% 0 $5.94
1 For qualified first-time homebuyers only, subject to credit approval. In order to obtain the stated rate and qualify for this loan program, you must have a credit score of at least 700. Receive up to $500 credit toward closing costs, applied at closing. Qualified buyers must provide a certificate of completion for an approved homebuyer education and counseling course to receive the $500 credit. Interest Rate, APR and discount point shown are subject to change without notice and based on $350,000.00. Rates are based on single family and condominium, owner-occupied dwellings. Private Mortgage Insurance (PMI) is required on all loans and with a loan-to-value ratio greater than 80%. There is a maximum loan amount of $766,550 as of 12/20/24. Estimated payments do not include amounts for property taxes, property insurance and/or flood insurance; if applicable, the actual payment obligation will be higher. An escrow account may be required.
 
2 Payment does not include insurance or taxes and actual payment may be greater.
Fixed Rate Mortgage Rates1

Term Rate APR Points Monthly P&I per $1,0002
30 Year 6.750% 6.801% 0 $6.49
20 Year 6.625%
 6.691% 0 $7.53
15 Year 6.500% 6.582% 0 $8.71
10 Year 6.375% 6.490% 0 $11.29
1 Rates are based on an owner occupied single family property (excluding manufactured homes) and are subject to change without notice. Rates posted are for loans that meet Secondary Market guidelines. In order to obtain the stated rate, you must have a credit score of at least 700. The program minimum credit score to qualify is 660. The monthly P & I per $1,000 are based on the rate and term indicated assuming a down payment of 20%. Please note that Private Mortgage Insurance (PMI) is required on all loans with LTV's greater than 80%. If an escrow account is required or requested, the actual monthly payment will also include amounts of real estate taxes and/or PMI, if applicable. Property insurance required. Flood Insurance may be required. The APR is based on a loan of $350,000; please call for a personalized quote. Loan limits may be higher by property location.

2 Payment does not include insurance or taxes and actual payment may be greater.

Adjustable Rate Mortgage Loans (ARMs)
Home Equity Lines of Credit (Interest Only)
  
7.25% APR1
Fixed for the first 24 Months
7.75% APR2
Prime rate after the first 24 Months
17.25% APR Home Equity Line of Credit Promotion
  • 7.25% APR Promotional Rate for first 24 months (no further discounts are applicable.) After 24 months APR will increase to the then current Prime Rate.
  • Line of Credit Minimum Line Amount $25,000/Maximum Line Amount $500,000
  • 10 Year Draw/10 Year Repayment
  • Limited to primary residence (1-4 Family Property). Maximum combined LTV is 80%. Other options may be available.
2 Pentucket Bank’s Home Equity Line of Credit Annual Percentage Rate (APR) is 7.75%. The APR is a variable rate based on the Prime Rate as published in the money section of the Wall Street Journal, plus 0%. The promotional APR of 7.25% is fixed for the first 24 months (no further discounts are applicable). Thereafter, the APR will be 7.75% or the Prime Rate as published in the money section of the Wall Street Journal, plus 0%. Prime Rate is as of 12/20/24. In order to obtain the stated rate and qualify for this program you must have a minimum credit score of 680. Minimum line amount is $25,000/maximum line amount is $500,000. Combined loan to value not to exceed 80% for 1-4 Family Owner Occupied primary residence only, property insurance required; flood insurance may be required. Early termination fee of $700.00 may apply if closed and paid off within the first 36 months. Amounts over $250,000 in 1st lien position or over $500,000 in 2nd lien position will require title insurance to be paid by the borrower at closing. You may pay certain fees to third parties. These fees generally total between $759 to $5,244.00 based on your loan criteria. Consult your tax advisor about deductibility of interest. All loans are subject to the Bank’s credit standards. The maximum rate is 18%. Rates may be subject to change or terminated anytime at the discretion of Pentucket Bank.


Fixed Rate Home Equity Loans1
Term Rate APR Points Monthly P&I per $1,0002
20 Year 7.250% 7.330% 0 $7.90
15 Year 7.125% 7.224% 0 $9.06
10 Year 7.000% 7.139% 0 $11.61
5 Year 7.000% 7.259% 0 $19.79
1 1-4 family, owner-occupied property only, property insurance required; flood insurance may be required. Loan must be in a valid second mortgage position behind a bank or other financial institution. You may pay certain fees to third parties. Consult your Tax Advisor about deductibility of interest. All loans are subject to the Bank's credit standards. In order to obtain the stated rate and qualify for this program you must have a minimum credit score of 680. Combined Loan to value not to exceed 80%.
 
2 Payment does not include insurance or taxes and actual payment may be greater.