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Jumbo Construction Mortgages


National Iron Bank offers construction loans with both fixed and variable rate options. To learn more about National Iron Bank's construction lending programs, call us at 860-435-2581 or 1-800-817-4970.
 
Jumbo Construction Mortgages - Rates and Disclosures - Connecticut & Massachusetts

Rates as of Wednesday, March 13, 2019

PointsOrigination FeeInterest RateAPRFully Indexed RatePayment per $1,000PaymentsApply
25 Year Fixed - Jumbo Construction CT
0.000$1,325.005.500%5.530%N/A$4.58Show Payments 
1.000$1,325.005.250%5.380%N/A$4.38Show Payments 
10 Year Fixed Loan - Jumbo - CONSTRUCTION- CT & MA
0.000$1,325.004.000%4.204%N/A$3.33Show Payments
1.000$1,325.003.750%4.137%N/A$3.13Show Payments
15 Year Fixed Loan - Jumbo - CONSTRUCTION - CT & MA
0.000$1,325.004.500%4.653%N/A$3.75Show Payments
1.000$1,325.004.250%4.401%N/A$3.54Show Payments
20 Year Fixed Loan - Jumbo - CONSTRUCTION - CT & MA
0.000$1,325.005.375%5.619%N/A$4.48Show Payments
1.000$1,325.005.125%5.367%N/A$4.27Show Payments
3/1 Year ARM - Jumbo CONSTRUCTION - CT & MA
CAPS: 2/7 Floor 2.500%
0.000$1,325.003.875%5.123%5.500%$3.23Show Payments
5/1 Year ARM - Jumbo CONSTRUCTION - CT & MA
CAPS: 2/7 Floor 2.875%
0.000$1,325.004.625%5.210%5.500%$3.85Show Payments
Annual Percentage Rate (APR) quoted above are based on a representative $600,000 loan amount, with 20% down payment/equity for the stated term and include the points listed. Rates are not guaranteed until lock-in and subject to change without notice. All loan applications subject to credit underwriting and property approval. Homeowners' Insurance and flood insurance (if applicable) required. Private Mortgage Insurance (PMI) is required if your downpayment / equity is less than 20%. Loan rates are for a first lien position on single family owner-occupied residences up to $750.000. Call for rates available for 2-4 family owner occupied residences.

All Adjustable Rate Mortgage (ARM) APR's are predicated on a 20 Year Amortization. ARM rates are based on the Wall Street Journal Prime Rate Index with a margin of between 0.000% and 1.500% depending on product. All adjustable rates mortgages (ARM) products are variable and may change after consummation of the loan. Any increase in APR will result in a higher payment 
Origination fees quoted in the above table are for portfolio loans only.  Sold loans will have a higher origination fee.

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Jumbo Construction Mortgages - Rates and Disclosures - New York

Rates as of Wednesday, March 13, 2019

PointsOrigination FeeInterest RateAPRFully Indexed RatePayment per $1,000PaymentsApply
25 Year Fixed Jumbo Construction NY
0.000$1,325.005.750%5.781%N/A$4.79Show Payments 
1.000$1,325.005.500%5.632%N/A$4.58Show Payments 
10 Year Fixed Loan - Jumbo - CONSTRUCTION - New York
0.000$1,325.004.250%4.456%N/A$3.54Show Payments
1.000$1,325.004.000%4.389%N/A$3.33Show Payments
15 Year Fixed Loan - Jumbo - CONSTRUCTION- New York
0.000$1,325.004.750%4.904%N/A$3.96Show Payments
1.000$1,325.004.500%4.791%N/A$3.75Show Payments
20 Year Fixed Loan - Jumbo - CONSTRUCTION - New York
0.000$1,325.005.625%5.755%N/A$4.69Show Payments
1.000$1,325.005.375%5.619%N/A$4.48Show Payments
5/1 Year ARM - CONSTRUCTION - New York
CAPS: 2/7 Floor 3.125%
0.000$1,325.004.875%5.459%5.750%$4.06Show Payments
3/1 Year ARM - CONSTRUCTION - New York
CAPS: 2/7 Floor 2.750%
0.000$1,325.004.125%5.200%5.500%$3.44Show Payments
Annual Percentage Rate (APR) quoted above are based on a representative $600,000 loan amount, with 20% down payment/equity for the stated term and include the points listed. Rates are not guaranteed until lock-in and subject to change without notice. All loan applications subject to credit underwriting and property approval. Homeowners' Insurance and flood insurance (if applicable) required. Private Mortgage Insurance (PMI) is required if your downpayment / equity is less than 20%. Loan rates are for a first lien position on single family owner-occupied residences up to $750.000. Call for rates available for 2-4 family owner occupied residences.

All Adjustable Rate Mortgage (ARM) APR's are predicated on a 20 Year Amortization. ARM rates are based on the Wall Street Journal Prime Rate Index with a margin of between 0.000% and 1.500% depending on product. All adjustable rates mortgages (ARM) products are variable and may change after consummation of the loan. Any increase in APR will result in a higher payment 
Origination fees quoted in the above table are for portfolio loans only.  Sold loans will have a higher origination fee.