BUILDER- TO -BUYER PROGAM DETAILS
30 Year Fixed Rate Mortgage Loan
BAY STATE REALTY
707 Main St., Millis, MA 02054
1-800-696-8200 / 508-376-8200 / (F) 508-376-8636
Interest Rate of 4.875% for loans up to $417,000.00*
(Annual Percentage Rate: 4.879%)
Interest Rate of 5.375% for loans up to $417,001.00 - $1,100,000.00*
(Annual Percentage Rate: 5.377%)
Interest Rate of 5.75% for loans up to $1,100,001.00 - $2,000,000.00*
(Annual Percentage Rate: 5.752%)
20% Down
NO Points
NO Application Fees
NO Processing Fees
* Rates and terms effective 04/30/2010 and are subject to change. To qualify for Needham Bank's Builder-to-Buyer Program Rates borrow is required to open Needham Bank Private Label Checking Account with direcct deposit and automatic mortgage payment, 20% down payment, and have a minimum credit score of 740. Above rates will be increased .125% if Needham Bank Private Label Checking Account is not opened or the account is closed before the loan is paid off. Rate will also be increased by an additional .125%if down payment is less than 20%, and/or credit score is below 740.
