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Mortgages & Loans
MA Rates Effective:
July 2, 2009
| Fixed Rate Mortgage  or  |
| Term | RATE | POINTS | APR* | REPAYMENT
PER $1,000 |
|
10 Yr Fixed | 4.750% |
0.000% | 4.855% | $10.48 |
|
10 Yr Fixed | 4.500% |
1.000% | 4.821% | $10.36 |
15 YR Fixed
|
5.000% |
0.000% |
5.074% |
$7.91 |
|
15 Yr Fixed |
4.750% |
1.000% |
4.976% |
$7.78 |
|
20 Yr Fixed |
5.500% |
0.000% |
5.559% |
$6.88 |
|
20 Yr Fixed |
5.250% |
1.000% |
5.431% |
$6.74 |
|
30 Yr Fixed |
5.500% |
0.000% |
5.544% |
$5.68 |
|
30 Yr Fixed |
5.250% |
1.000% |
5.384% |
$5.52 |
|
30 Yr FHA |
5.500% |
0.000% |
5.536% |
$5.68 |
|
30 Yr MHFA ADV LOW |
5.750% |
0.000% |
5.776% |
$5.84 |
30 Yr MHFA
My Comm |
5.875% |
0.000% |
5.916% |
$5.92 |
30 YR FIXED
RSB CRA*** |
5.990% |
0.000% |
6.036% |
$5.99 |
|
7/1 Portfolio ARM |
4.990% |
0.000% |
4.127% |
$5.36 |
* APR=Annual Percentage Rate. APR assumes a Single Family Owner Occupied Purchase with 20% down payment
on loan amount of $100,000. Rates may change daily.
FHLMC conforming loan limits apply: 1 Unit $417,000, 2 Unit $533,850, 3Unit $645,300, 4 Unit $801,950.
Additional rate lock terms and point options are available.
**MA Housing Programs are subject to income and other restrictions.
*** 30 Yr Fixed RSB CRA product must be in RSB's CRA
area of Avon, Braintree, Canton, Holbrook, Randolph,
Sharon, and Stoughton
****3/1, 5/1, 7/1, and 10/1 ARM based on 1 year Libor.
Please call for adjustable rates. 7/1 Index is the most
recent 1 Yr CMT.
|
Adjustable Rate Mortgage 
or  |
| Term | | | | | | PLEASE CALL
RESIDENTIAL LENDING FOR RATES AND TERMS |
* APR=Annual Percentage
Rate. This is a variable rate loan. Rate
based on a Single Family Owner Occupied Purchase with
20% minimum down payment . Rates may change daily. Caps
of 2/6 on the 3/1 Term mortgages and Caps of 2/5 on the
5/1/, 7/1 , and the 10/1 Term mortgages. FHLMC
conforming loan limits apply: One Unit $417,000, 2
Unit$533,650, 3 Unit $533,850, 4 Unit $801,950.
** 3/1 5/1 7/1 10/1 ARM Rates are based on
the 1 Yr Libor rate. FHLMC conforming loan limits apply.
All ARMs assume a 30 year Term.
Jumbo loans are available for all adjustable rate mortgages.
|
Fixed Rate Equity
 or
|
| Term | Rate** | Points | APR * | Repayment
per $1,000 | | 5 YR | 6.500% | no | 6.500% |
$19.57 | | 10 YR |
6.750% | no |
6.750% |
$11.48 | | 15 YR |
7.000% | no |
7.000% |
$8.99 | | 20 YR |
7.240% | no |
7.240% |
$7.90 |
**
Fixed Equity Loan rate will be reduced by 1/4%
for automatic deduction from RSB checking
account
|
Equity Line of Credit - Adjustable Rate
   | | Term | Rate* | Points | APR* | Closing Costs | Repayment
Terms | |
see below |
*5.250%**5.000% |
no |
*5.250% **5.000% | no | ** see below
|
APR=Annual Percentage Rate.
Prime Lending Rate
is presently 3.250% Rate Cap: 18%,
Rate Floor is 5.250%
*Rate: Prime plus 0.750% for the life of the
loan adjusted monthly. (15 yr interest only draw
period/10 yr P&I payback)
**Initial Reduced Rate: Fixed rate of 5.000% for
the first six (6) months if borrower(s) open a
RSN checking account and sets up an auto deduct
payment for line of credit. Thereafter,
prime plus 0.750% for the life of the loan
adjusted monthly.
Minimum monthly payment will equal all accrued
interest as of the closing date of the billing
cycle plus 0.05% of outstanding balance of
principal on the closing date of the billing
cycle provided the principle payment shall not
be less that $50.00 plus any amounts past due,
after which the balance is amortized over 10
yrs.
Owner-occupied only. Up to 80%
CLTV based on tax assessment /AVM 1-2 units.
CLTV over 50% may require an appraisal.
1-2 unit; Maximum Loan Amount: $250,000.
Minimum Loan Amount $10,000. A
recuperation cost of up to $400.00 on loan
amounts $24,999 and below will be paid at
application. No normal closing costs on
loan amounts $25,000 and above, however, if loan
is terminated within the first 2 years, a
recuperation fee of up to $400.00 may be
assessed. Repayment terms per $1,000.00
borrowed.
| Auto Loan   | Type | Rate/APR | Maximum LTV | Maximum Term | Repayment
per $1,000 | | New Auto | 6.875%* |
95% of base purchase price or current NADA Average Retail Value (if available)
| 60 Months | $19.51 | | Used Auto |
7.250%* |
NADA Average Retail Value or 90% of Purchase (whichever is lower)
| 48 Months | $23.84 |
* APR=Annual Percentage Rate. This rate will be reduced by a one-half percent (.50%)
with automatic deduction from Randolph Savings
checking.
| Other Consumer Loans | | Type | Rate/APR | Maximum LTV | Maximum Term | Repayment
per $1,000 | Personal
| 14.25%* | $7,500 | 48 Months | $27.21 | Access Plus Revolving Credit
|
6.00% above Prime, Current Rate 9.250%
| $7,500 | n/a | n/a |
Savings Secured Loan
|
Deposit rate plus 3.00%
| 95% of balance | n/a | n/a | Term Secured
| Deposit Rate plus 3.00% | 90% of balance | n/a | n/a |
*APR=Annual Percentage Rate. This rate will
be reduced by one-half percent (.50) with
automatic deduction from RSB checking. Rates may increase if deposit rate changes.
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