Avidia Bank was created by a merger between Hudson Savings Bank and Westborough Bank. Avidia Bank opened for business on October 22, 2007. Avidia Bank has nine offices located in seven towns in central Massachusetts: Hudson, Westborough, Clinton, Leominster, Marlborough, Northborough and Shrewsbury.
Avidia Bank offers a wide variety of fixed and variable rate mortgages for home buyers and those looking to refinance. The bank also provides mortgages for multi-family buildings (2- to 4-family), and construction loans, too (including a construction loan that’s convertible to a regular mortgage after the home is completed).
Avidia Bank charges low fees and provides competitive mortgage rates. Use the mortgage calculators to compare their current rates and terms.
30 year fixed rate mortgage rate is 4.875% with one point and a 5.000% APR.
The mortgage payment calculator results for this rate and term indicates a monthly payment of $529.00 for a $100,000 home loan.
A no point 30 year fixed rate mortgage rate is 5.000% with an APR of 5.037%.
The mortgage payment calculator results for this no point 30 year mortgage shows a monthly payment of $537.00 for a $100,000 home loan.
The 15 year fixed rate mortgage rate is 4.250% with one point and an APR of 4.463%. The mortgage calculator results on a $100,000 home loan with this rate and term would be $752.00.
A no point 15 year fixed rate mortgage rate is 4.500% with an APR of 4.563%.
The mortgage calculator results on the same $100,000 loan amount rises slightly to $765.00 with this mortgage rate.
A 3/3 adjustable rate mortgage has a rate of 5.000% with no points and an APR of 5.130% APR. This ARM has 2% and 4% caps. The adjustable rate mortgage payment calculator results for a $100,000 loan with these terms would have payments of $537.00 per month for the first 3 years.
APR based on $100,000 loan with a 20% down payment, owner-occupied single family residence. Mortgage interest rates and APRs shown are available to borrowers with an excellent credit history. The actual mortgage interest rate and APR available to a home loan applicant will be based on their credit history and loan to value ratio and may be different than the rates displayed here. Also, the maximum loan to value ratio could be affected if the property is located in a declining market area. Additional conditions may apply.
For current mortgage rates and additional home loan information contact an Avidia Bank representative at 800-508-2265 or 978-562-2222. The bank website also posts timely mortgage rate information at www.avidiabank.com.
Tags: 15 year mortgage rates, 30 year mortgage, adjustable rate mortgage, adjustable rate mortgage calculator, Avidia Bank, Massachusetts bank, mortgage calculator, mortgage payment calculator, mortgage rates
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