LOANS                                                                                                                           

Residential Mortgage Rates* - As of February 3, 2012

*Join the Pentucket Club for 1/8% rate discount plus $250 closing credit.
Rates are based on owner occupied property and are subject to change without notice. The monthly P & I per $1,000 are based on the rate and term indicated assuming a down payment of 20%. Please note that Private Mortgage Insurance (PMI) is required on all loans with LTV's greater than 80%.  If an escrow account is required or requested, the actual monthly payment will also include amounts of real estate taxes and/or PMI, if applicable.  The maximum loan limits are as follows: Single Family-$417,000; Two Family-$533,850; Three Family-$645,300; and Four Family-$801,950.  Additional rates for loans that exceed the loan limits are available upon request.  Call to speak to a Loan Officer.  All loans are subject to the Bank's credit standards.  The APR is based on a loan of $180,000; please call for a personalized quote.

 Click here for ARM Rates

Low to Moderate Income Homebuyer & First Time Homebuyer Program

   1)  .25% off all First Mortgage Product Rates

   2)  Borrower receives a credit up to $500.00 towards closing costs

   3)  First Time Homebuyer is defined as not having Home Ownership in the last 3 years

   4)  Income restrictions apply to Low to Moderate Income Homebuyer Program

   5)  Program discount offers cannot be combined

Pentucket Bank services the loans we make. All your decisions and payments are handled locally.

Jumbo Rates/Terms are available. Call to speak to a Loan Officer.

Non-Owner Occupied 1-4 Family Mortgage (3)

(3) Assumes a maximum LTV of 70%. Please note that private mortgage insurance is not currently available for investment properties. If an escrow account is requested, the actual monthly payment will also include amounts of real estate taxes.  The maximum loan limits are as follows: Single Family-$417,000; Two Family-$533,850; Three Family-$645,300; and Four Family-$801,950. Additional rates for loans that exceed the maximum limits are available upon request. The APR is based on loan of $180,000; please call for a personalized quote.

Home Equity Lines of Credit

Disclosure: The Pentucket Home Equity Line of Credit Annual Percentage Rate (APR) is a variable rate based on the Prime Rate, as published in the money section of the Wall Street Journal, Plus 0.74%. The Prime Rate as of December 16, 2008 is 3.25%. 1-4 family, owner occupied property only. Property insurance required. All loans are subject to the Bank's credit standards. Maximum APR is 18%.

• Borrowers receive Prime + .49% for Pentucket Club 
• No closing costs in most cases.
• Early termination fee may apply if paid within two years.
• Minimum Loan Amount is $10,000. - Maximum Loan Amount is $200,000.
• Combined Loan value not to exceed 80%, maximum total liens on the subject property, not to exceed $400,000.
• APR *Promotional Rate of 3.25% Fixed for the first 12 months, no further discounts are applicable.

Prime Rate

The Prime Rate is 3.25% as of December 16, 2008.

Fixed Rate Home Equity Loan

* Borrower's receive a 0.25% reduction for Pentucket Club or auto charge from a Pentucket Bank checking account with the exception of the 5 Year rate, which is a promotional rate.

- No closing costs if loan is in a valid second mortgage position behind a Bank, Credit Union or Mortgage Company.

-Combined Loan to value not to exceed 80%, maximum total liens on the subject property, not to exceed $400,000.

- Minimum Loan Amount is $10,000.- Maximum Loan Amount is $200,000.

CONSUMER LOAN RATES AND TERMS - As of February 3, 2012

All loans are subject to the Bank's credit standards.