Wainwright Bank & Trust Company is a Boston based bank that has 12 additional bank branches in the surrounding area. Wainwright Bank is positioned to provide consumer and commercial mortgages, loans, and deposit services to individuals, families, businesses, and non-profit organizations. Lending program provided by the bank include; adjustable rate mortgages, fixed rate mortgages, fixed rate refi loans, affordable mortgages, 1st time homebuyer program, soft second mortgage program, municipal mortgages program, jumbo mortgages, home equity line of credit, home equity loan, Green loan™, auto loans, personal unsecured loans and personal line of credit.
The current 30 year fixed conforming loan is being offered at a rate of 5.375% with no points and a 5.534% APR. With the help of the mortgage calculator, the payment on a $250,000 home loan would be $1,400.
The 15 year fixed rate conforming mortgage is set at a rate of 4.875% with no points and a 5.107% APR. The mortgage calculator results for this loan shows a monthly payment of $1,960 for a $250,000 home loan.
The bank has several adjustable rate mortgages to choose from. The 3/1 adjustable rate mortgage has a rate of 4.875% with no points and a 4.250% APR. Using the adjustable rate mortgage calculator, the monthly payment on this loan would initially be $1,322.50.
These mortgage rates and loan programs are for 1-4 family owner occupied residences only; property insurance required; flood insurance may be required. The mortgage APR calculated on 80% loan-to-value for a $250,000 loan. Prepayment penalty may apply. The payment can adjust after the initial fixed period on the adjustable rate mortgage. The adjusted payment shows what the monthly payment could change to based on today’s index value.
Mortgage rates, terms and fees subject to change without notice. The bank mortgage rate assumes 20% down payment purchase of owner occupied single family dwelling and borrowers with FICO scores greater than 740. Adjustments may apply. These rates are subject to market and are therefore indicative only as of the time this rate sheet was published.
For current mortgage rate information and loan details, call a Wainwright Bank loan representative at 800-444-2265. Current mortgage rates are also posted on the bank website located at www.wainwrightbank.com.
For auto loan rate information visit www.selectautorates.com. For CD rate information visit www.selectCDrates.com
Tags: 15 year fixed rate mortgage, 30 year fixed rate mortgage, adjustable rate mortgage, home loan, mortgage, mortgage calculator, mortgage payment calculator, mortgage rates, Wainwright Bank
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