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Choose either no normal closing costs2 up to 1/2% of the loan amount or the below reduced interest rate.
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Eagle Bank will pay up to
1/2%
of loan amount for normal closing costs2 |
or |
Fixed for 30 years4
4.250%/
4.279%
APR3 |
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Repayment Terms
360 monthly payments of
$4.92 per $1,000 borrowed5 |
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1Maximum loan amount $417,000
2Normal closing costs include appraisal, credit report, tax service, life of line flood certificate, overnight delivery, processing, underwriting, attorney, municipal lien certificate, lenders title insurance policy, survey, and recording fees. Other closing costs may be applicable.
3Annual Percentage Rate (APR) based on 20% down payment. APRs are accurate as of 9/7/10. Rates subject to change at any time without notice. Property must be a 1-family detached owner-occupied dwelling in the Massachusetts communities of Everett, Malden, Medford, Revere or Lexington. Restrictions apply for minimum credit score, maximum loan-to-value ratio, debt ratio, household income and loan amount, and other credit underwriting factors. Offer may be withdrawn at any time. Property insurance is required and flood insurance may be required. Subject to credit approval. Price may vary based upon credit history. Other rate and term options available.
4Serviced by Eagle Bank. For home purchases only.
5 The payments do not include taxes and insurance premiums and the actual payment will be greater. |
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| First Time Home Buyers are eligible for both the reduced interest rate and no normal closing costs2 up to 1% of the loan amount! Home purchase borrowers are eligible for one or the other special promotions!
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Eagle Bank will pay up to
1%
of loan amount for normal closing costs2
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or
A reduced interest rate (already reduced rate listed below): |
7/1 ARM3
4.125%/
3.60% APR* |
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5/1 ARM3
3.750%/
3.40% APR* |
Repayment Terms
84 monthly payments4 of $4.85 per $1,000 borrowed at 4.125% interest rate.
276 monthly payments4 of $4.39**
per $1,000 borrowed at 3.125% interest rate.
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Repayment Terms
60 monthly payments4 of $4.63 per $1,000 borrowed at 3.875% interest rate.
300 monthly payments4 of $4.34** per $1,000 borrowed at 3.125% interest rate. |
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1Maximum loan amount $417,000
2Normal closing costs include appraisal, credit report, tax service, life of line flood certificate, overnight delivery, processing, underwriting, attorney, municipal lien certificate, lenders title insurance policy, survey, and recording fees. Other closing costs may be applicable.
3A 7/1 product is an adjustable rate mortgage with the initial interest rate fixed for the first 7 years, and an interest rate that adjusts annually thereafter based upon changes in the index. A 5/1 product is an adjustable rate mortgage with the initial interest rate fixed for the first 5 years, and an interest rate that adjusts annually thereafter based upon changes in the index, and rate or payment may increase.
4The payments do not include taxes and insurance premiums and the actual payment will be greater.
*Annual Percentage Rate (APR) based on 20% down payment. Initial Annual Percentage Rates are
accurate as of 9/7/10 and may increase after consummation. Rates subject to change at any time without notice. Property must be a single family detached owner-occupied dwelling in the Massachusetts communities of Everett, Malden, Medford, Revere or Lexington. Restrictions apply for minimum credit score, maximum loan-to-value ratio, debt ratio, household income and loan amount, and other credit underwriting factors. Property insurance is required and flood insurance may be required. Subject to credit approval. Offer
may be withdrawn at any time. Other rate and term options available.
**The interest rate and payments are based on the current index. Changes in the index may cause the interest rate and payments to change.
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