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Loan Rates

Rates as of September 22, 2023. All rates subject to change without notice.




Mortgage Rates


Term Rate APR Points Monthly P&I per $1,000
30 Year 7.125% 7.168% 0
 $6.74
30 Year 6.875% 7.017% 1
 $6.57
30 Year 6.625% 6.865% 2
 $6.40
Term Rate APR Points Monthly P&I per $1,000
20 Year 7.000% 7.055% 0 $7.75
20 Year 6.750% 6.934% 1 $7.60
20 Year 6.500%
6.812%
 2 $7.46
Term Rate APR Points Monthly P&I per $1,000
15 Year 6.875% 6.944% 0 $8.92
15 Year 6.625% 6.854% 1 $8.78
15 Year 6.375%
6.764%
 2 $8.64
Term Rate APR Points Monthly P&I per $1,000
10 Year 6.750% 6.846%
0
 $11.48
10 Year 6.500% 6.820% 1 $11.35
10 Year 6.250% 6.795% 2 $11.23
Payment does not include insurance or taxes and actual payment may be greater.
Rates are based on owner occupied property and are subject to change without notice. Rates  posted are for loans that meet Secondary Market guidelines. 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. Property insurance required. Flood Insurance may be required. The maximum loan limits are as follows: Single Family-$726,200; Two Family-$929,850; Three Family-$1,123,900; and Four Family-$1,396,800. 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. Loan limits may be higher by property location.

Non-Owner Occupied 1-4 Family Mortgage


Term Rate Points APR Monthly P&I per $1,000
30 Year 7.625% 0.75 7.818% $7.08
Payment does not include insurance or taxes and actual payment may be greater.
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. Property insurance required. Flood Insurance may be required. The maximum loan limits are as follows: Single Family-$726,200; Two Family-$929,850; Three Family-$1,123,900; and Four Family-$1,396,800.  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. All loans are subject to the Bank's credit standards. Loan limits may be higher by property location.

Adjustable Rate Mortgage Loans (ARMs)

Contact one of our dedicated Mortgage Loan Officers:
 


Home Equity Lines of Credit (Interest Only)

  
7.50% APR*
Fixed for the first 12 Months
8.50% APR*
Prime rate after the first 12 Months
7.50% APR Home Equity Line of Credit Promotion*
  • 7.50% APR Promotional Rate for first 12 months. (No further discounts are applicable). After 12 months APR will increase to the then current Prime Rate.
  • Line of Credit Minimum Line Amount $10,000 / Maximum Line Amount $500,000
  • 10 Year Draw / 10 Year Repayment
  • Limited to primary residence (1-4 Family Property). Maximum combined LTV is 80%.
*Pentucket Bank’s Home Equity Line of Credit Annual Percentage Rate (APR) is 8.50%. The APR is a variable rate based on the Prime Rate as published in the money section of the Wall Street Journal, plus 0%. The promotional APR of 7.50% is fixed for the first 12 months (no further discounts are applicable). Thereafter, the APR will be 8.50% or the Prime Rate as published in the money section of the Wall Street Journal, plus 0%. Prime Rate is as of 7/31/23. Minimum line amount is $10,000/maximum line amount is $500,000. Existing HELOC customers must obtain an additional $10,000 new money, promotional rate available once every twelve months, one line per customer. 10 year draw, 10 year repayment. Combined loan to value not to exceed 80%. 1-4 Family Owner Occupied primary residence only, property insurance required; flood insurance may be required. Early termination fee of $500.00 may apply if closed and paid off within the first 24 months. There are no closing costs in most cases for lines up to $250,000 and in a valid second mortgage position behind a bank or other financial institution. amounts over $250,000 in 1st lien position or over $500,000 in 2nd lien position will require title insurance to be paid by the borrower at closing. You may pay certain fees to third parties. These fees generally total between $0.00 to $4,695.00 based on your loan criteria. Consult your Tax Advisor about deductibility of interest. All loans are subject to the Bank’s credit standards. The maximum rate is 18%. Rates may be subject to change or terminated anytime at the discretion of Pentucket Bank.

Fixed Rate Home Equity Loans


Term Points Rate* APR Monthly P&I per $1,000
5 Years 0 7.500% 7.500% $20.04
10 Years 0 7.750% 7.750% $12.00
15 Years 0 7.875% 7.875% $9.48
Payment does not include insurance or taxes and actual payment may be greater.

1-4 family, owner-occupied property only, property insurance required; flood insurance may be required. Loan must be is in a valid second mortgage position behind a bank or other financial institution. There are no closing costs in most cases. You may pay certain fees to third parties. The fees generally total between $0.00 to $1,000.00. Consult your Tax Advisor about deductibility of interest. All loans are subject to the Bank's credit standards.

  • Minimum Loan Amount is $10,000.- Maximum Loan Amount is $250,000.
  • Combined Loan to value not to exceed 80%.


Consumer Auto Loans


Type Maximum Term APR Monthly P&I per $1,000
Auto - New 36 Months 6.25% $30.54
Auto - New 48 Months 6.25% $23.60
Auto - New 60 Months 6.50% $19.57
Auto - New 72 Months 6.75% $16.93
Auto - Used 1-5 yrs old 36 Months 6.75% $30.76
Auto - Used 1-5 yrs old 48 Months 7.00% $23.95
Auto - Used 1-5 yrs old 60 Months 7.25% $19.92
10% down payment required on new autos. 20% down payment required on used autos. All loans are subject to the Bank's credit standards.