Applying for a Mortgage may seem like an overwhelming task, yet our experienced Mortgage Team is here to help you with all the details of your loan process.
Under the Secure and Fair Enforcement for Mortgage Licensing Act (SAFE Act), residential mortgage loan originators employed by banks, savings associations, credit unions, or Farm Credit System institutions must enroll with the Nationwide Mortgage Licensing System (NMLS) and Registry, obtain a unique identifier from the registry, and maintain their registrations. Any employee of an agency-regulated institution which is subject to the registration requirements will be prohibited from originating residential mortgage loans without first meeting these requirements. The rules include an exception for mortgage loan originators that originated five or fewer mortgage loans during the previous 12 months and who have never been registered; they would not be required to complete the federal registration process.
Mortgage/Real Estate Loan Rates
| Term | Rate1 | APR* | Monthly Payment Per $1,000 Borrowed | Points |
|---|---|---|---|---|
| * APR = Annual Percentage Rate (Rates will vary based on the borrower’s credit score and selected term) 1 Rates are based upon a loan-to-value of no more than 80%, or 90% with private mortgage insurance (PMI). A down payment is only required if the desired loan amount is greater than 80% of the appraised value of the property. Financing is available for land, as well as seasonal/second homes. The maximum term for these loans is 15 years, and loan-to-value may not exceed 75%. |
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| Up to 10 years | As low as 4.75% | As low as 5.12% | $10.49 | 0.00 |
| Up to 15 years | As low as 5.00% | As low as 5.26% | $7.92 | 0.00 |
| Up to 20 years | As low as 5.75% | As low as 5.96% | $7.03 | 0.00 |
| Up to 25 years | As low as 6.00% | As low as 6.18% | $6.45 | 0.00 |
| Up to 30 years | As low as 6.25% | As low as 6.41% | $6.17 | 0.00 |
Manufactured Home Loan Rates
| Loan Type | Term | Rate | APR | Payment Per $1,000 | |
|---|---|---|---|---|---|
| New Manufactured Home (located on leased land) | 10 years | 5.75% | 6.08% | Purchase or Refinance 90% LTV | $ 10.98 |
| 15 years | 6.00% | 6.23% | $ 8.45 | ||
| 20 years | 6.50% | 6.89% | $ 7.46 | ||
| Used Manufactured Home (located on leased land) | 10 years | 6.25% | 6.58% | Purchase or Refinance 85% LTV | $ 11.24 |
| 15 years | 6.75% | 6.99% | $ 8.86 | ||
| 20 years | 7.50% | 7.71% | $ 8.06 |
Our Team
Peter Dow #1048424
Donna Farnham #609018
Sara Bangs Fifield #671292
Sean Fluet #1630415
Jennifer King #1180812
Stephanie Lachance #1725885
Lisa Violette #827759
Molly Woodward #1190437
Consumers can go to http://www.nmlsconsumeraccess.org/ to obtain information on financial institutions and individual mortgage loan officers.