All rates are subject to change without prior notice.

Rates Effective: 10/16/2016

Fixed Rate Mortgage

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Term Points Rate APR 1 Payment per $1,000
30 Year Fixed Rate 0 4.125% 4.182% $4.85
20 Year Fixed Rate 0 3.750% 3.828% $5.93
15 Year Fixed Rate 0 3.375% 3.474% $7.09
10 Year Fixed Rate 0 3.125% 3.269% $9.71

1 APR: Annual Percentage Rate. Posted APRs are calculated assuming a single family property, 20% down payment for purchases (25% equity for refinances), credit score of 720 or better, automatic payment and tax escrow. Property must be an owner occupied 1-4 family property located in Massachusetts or within 100 miles of the Somerville branch. Maximum loan to value of 95% with PMI. Rates and APRs may change at any time and vary according to the property and loan characteristics. Approval subject to Naveo lending criteria and secondary market guidelines. Other loan options available. Payment shown does not include taxes and insurance. Your payment may be greater. Additional terms and conditions may apply. Pricing adjustments may apply based upon credit score, LTV, loan characteristics and/or property type.

Example:
Mortgage Amount: $450,000
Rate: 4.500%
Term: 30 years
Monthly payment: $2,280.08 (principal and interest)

Please call 617.547.3144 for information on our other programs.

MassHousing Mortgage

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Term Points Rate APR 1 Cost/$1,000
30 Year Fixed Rate 0 4.125% 4.208% $4.85
30 Year Fixed Rate 1 4.000% 4.167% $4.77

1 APR: Annual Percentage Rate. Available to first-time homebuyers of 1-4 family owner-occupied primary homes in Massachusetts. Limits on borrower's income and property purchase price, Subject to borrower and property underwriting. Loans not serviced by Naveo Credit Union. Please call for details.

Conventional & Jumbo Adjustable Rate Mortgage

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Term Points Rate APR 1 Cost/$1,000
5/1 0 3.250% 3.690% $4.35
7/1 0 3.490% 3.742% $4.48
10/1 0 3.750% 3.865% $4.63

1 APR: Annual Percentage Rate. Posted rates are for credit scores greater than or equal to 740, LTV less than or equal to 80% for a one unit, owner occupied property in a purchase or refinane with no subordinate financing and an auto debit from a Naveo deposit account. Property must be located in Massachusetts. These rates available for loans up to $1 million. Must meet Secondary Market guidelines to qualify for best rate available. Rates and APRs may change at any time and vary according to the property and loan characteristics.

Home Equity Line of Credit - Premium Pricing

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Term APR 1
10 Year Draw Period 1.99%
10 Year Term Fixed for the first 12 months
  • No closing costs or application fee*
  • Interest may be tax deductible

1 APR: Annual Percentage Rate. The first 12 months is a fixed introductory rate of 1.99% APR. After the introductory period, the APR will adjust monthly at the Wall Street Journal prime rate. As of 03/16/2017, the prime rate is 4.00% as published in the Wall Street Journal. Prime rate for the remaining term of the line may change monthly. APR may vary but will not drop below 4.00% or exceed 18%. Approval subject to Naveo lending criteria and Naveo membership eligibility. Minimum approved credit line or loan is $5,000. Maximum approved credit line or lan is $250,000. Minimum credit score of 720. Maximum loan to value of 80%. Property must be 1- 4 family owner occupied and property insurance is required. Consult your tax advisor regarding the tax benefits available to you. Additional terms and conditions may apply. Pricing adjustments may apply based upon credit score.
* No closing cost option requires minimum line limit of $25,000 and minimum initial advance for first 90 days of $15,000. Subject to prepayment penalty if HELOC is closed within first 36 months.

Home Equity Line of Credit - Standard Pricing

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Term APR 1
10 Year Draw Period 4.00%
10 Year Term Fixed for the first 12 months
  • No closing costs or application fee*
  • Interest may be tax deductible

1 APR: Annual Percentage Rate.  As of 03/16/2017, the prime rate is 4.00% as published in the Wall Street Journal. Prime rate for the remaining term of the line may change monthly. APR may vary but will not drop below 4.00% or exceed 18%. Approval subject to Naveo lending criteria and Naveo membership eligibility. Minimum approved credit line or loan is $5,000. Maximum approved credit line or loan is $250,000.  Minimum credit score of 700. Maximum loan to value of 80%. Property must be 1- 4 family owner occupied and property insurance is required. Consult your tax advisor regarding the tax benefits available to you. Additional terms and conditions may apply. Pricing adjustments may apply based upon credit score.
* No closing cost option requires minimum line limit of $25,000 and minimum initial advance for first 90 days of $15,000. Subject to prepayment penalty if HELOC is closed within first 36 months.

Fixed Home Equity Loan - Premium Pricing

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Term Rate APR 1 Payment per $1,000
20 Year 4.990% 4.990% $6.59
15 Year 4.750% 4.750% $7.78
10 Year 4.250% 4.250% $10.24
7 Year 3.990% 3.990% $13.66
5 Year 3.750% 3.750% $18.30
3 Year 3.500% 3.500% $29.30

1 APR: Annual Percentage Rate.
Approval subject to Naveo lending criteria. Premium Pricing rates require LTV less than or equal to 80%, FICO score of 720 or greater, and an auto debit from an account. Property must be 1- 4 family owner occupied property and property insurance is required. Minimum loan amount $5,000. Maximum loan amount $250,000. Rates based on term of loan. Consult your tax advisor regarding the tax benefits available to you. Additional terms and conditions may apply.

* No closing cost option requires minimum line limit of $25,000 and minimum initial advance for first 90 days of $15,000. Subject to prepayment penalty if HELOC is closed within first 36 months.

 

Fixed Home Equity Loan - Standard Pricing

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Term Rate APR 1 Payment per $1,000
20 Year 5.550% 5.550% $6.88
15 Year 5.250% 5.250% $8.04
10 Year 4.750% 4.750% $10.49
7 Year 4.500% 4.500% $13.90
5 Year 4.250% 4.250% $18.53
3 Year 4.000% 4.000% $29.52

1 APR: Annual Percentage Rate.
Approval subject to Naveo lending criteria. Property must be 1- 4 family owner occupied and property insurance is required. Rates based on term of loan. Minimum loan amount $5,000. Maximum loan amount $250,000.Consult your tax advisor regarding the tax benefits available to you. Additional terms and conditions may apply. Rates, terms and loan amounts may vary depending on lending criteria. 

* No closing cost option requires minimum line limit of $25,000 and minimum initial advance for first 90 days of $15,000. Subject to prepayment penalty if HELOC is closed within first 36 months.

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New or Used Auto Loan

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Year Terms APR 1 (as low as) 2 Payment per $1,000 3 Days to 1st Payment *
2017 New 84 months 3.49% $13.44 up to 90
2016 & 2017 New 24 - 60 months 1.99% $17.52 up to 90
2016 - 2015 Used 36 - 60 months 2.99% $17.96 up to 90
2014 48 - 60 months 3.25% $18.08 up to 90
2013 48 - 60 months 3.50% $18.19 up to 90
2012 36 - 48 months 3.50% $22.36 up to 90
2011 36 - 48 months 3.75% $22.47 up to 90
2010 - 2009 24 - 36 months 4.50% $29.75 up to 90

1 APR: Annual Percentage Rate. Pricing reflect 0.25% discount
for automatic payment from a deposit account.
2 Rate and maximum LTV are based on credit score criteria
Maximum Loan Amount=$80k/60k
3 Payment per $1,000 based on maximum term and corresponding rate.
* The first payment will be deferred from 30 to 90 days, depending on the creditworthiness of the primary applicant, as measured by the median credit score. Interest accrues from date loan is funded.

Recreational Vehicles/Boats/Motorcycles

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Maximum Loan Amount APR 1 (as low as) 2 Payment per $1,000 Terms
$80,000 4.99% $23.02 Up to 48 months

1 APR: Annual Percentage Rate. All rates are subject to change without prior notice.
2 Rate is based on credit score criteria
Max LTV New =80% MSRP Retail
Max LTV Used =80% MSRP Retail
Payment per $1,000 based on a term of 48 months.

Personal Loans

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Maximum Loan Amount APR 1 (as low as) 2 Payment per $1,000 * Terms
$25,000 9.49% $21.74 Up to 60 months

1 Annual Percentage Rate. Approval of a personal loan requires that you meet our credit criteria, income ratios. Additional terms and conditions may apply.
* Payment per $1,000 based on maxiumum term and corresponding rate.

Secured Loans

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Maximum Loan Amount Standard APR 1 Payment per $1,000 Terms
up to 90% of savings account balance 4.60% 2 $18.69 Up to 60 months

1 APR: Annual Percentage Rate
2 Passbook or statement savings account rate plus a margin of 4.5%. Rate shown is for a secured loan on a Passbook savings. Additional terms and conditions may apply.
Payment per $1,000 based on a term of 60 months

MasterCard Credit Card Rates

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Credit Card Type APR 1
MasterCard Platinum from 10.99% to 21.99%*
MasterCard Platinum Rewards from 10.99% to 21.99%*

1 APR: Annual Percentage Rate
*APR based on creditworthiness of applicant. This APR will vary with the market based on the Wall Street Journal Prime Rate.

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SCHEDULE OF FEES

Checking Accounts

Product Min. Opening Balance Minimum Balance To Earn APY Interest Rate APY 1
Eco Checking $25 N/A N/A N/A
Secure Checking $25 $25 0.05% 0.05%
Free Business Checking $25 N/A N/A N/A
Tiered Money Market $950 $25- $49,999 0.10% 0.10%
Tiered Money Market $950 $50,000 - $99,999 0.15% 0.15%
Tiered Money Market $950 $100,000 and above 0.25% 0.25%

1 APY: Annual Percentage Yield

QUESTIONS

SCHEDULE OF FEES

Savings Accounts

Product Min. Opening Balance Minimum Balance To Earn APY Interest Rate APY 1
Passbook Savings $5 $25 0.10% 0.10%
Statement Savings $5 $25 0.10% 0.10%
Christmas Club $5 $25 0.10% 0.10%
Safe Savings $5 N/A 0.00% 0.00%
Kids Club $5 $25 0.10% 0.10%
Business Savings $5 $25 0.20% 0.20%

1 APY: Annual Percentage Yield
Early withdrawal penalties may be imposed. The Annual Percentage Yield assumes principal and interest would remain on deposit for the full term. A withdrawal and/or fees may reduce earnings.

QUESTIONS

SCHEDULE OF FEES

Share Certificates of Deposit

Term Min. Opening Balance Interest Rate APY 1
6 Months $1,000 0.15% 0.15%
9 Months $1,000 0.30% 0.30%
13 Months $1,000 0.35% 0.35%
18 Months $1,000 0.40% 0.40%
24 Months $1,000 0.75% 0.75%
36 Months $1,000 0.90% 0.90%

1 APY: Annual Percentage Yield
Early withdrawal penalties may be imposed. The Annual Percentage Yield assumes principal and interest would remain on deposit for the full term. A withdrawal and/or fees may reduce earnings.

Individual Retirement Accounts

Term Min. Opening Balance Interest Rate APY 1
6 Months $500 0.15% 0.15%
9 Months $500 0.30% 0.30%
13 Months $500 0.35% 0.35%
18 Months $500 0.40% 0.40%
24 Months $500 0.75% 0.75%
36 Months $500 0.90% 0.90%

1 APY: Annual Percentage Yield
Early withdrawal penalties may be imposed. The Annual Percentage Yield assumes principal and interest would remain on deposit for the full term. A withdrawal and/or fees may reduce earnings.

QUESTIONS

Tier 1 Loans

Years Loan Amount
$5,000 to $20,000
Loan Amount
$20,001 to $35,000
Loan Amount
$35,001 to $60,000
Monthly Payment Notes
3 to 5 3.00% APR* 3.00% APR* 3.00% APR* $179.69 1
5+ to 10 3.89% APR* 3.89% APR* 3.89% APR* $100.72 2
10+ to 20 4.50% APR* 4.50% APR* 4.50% APR* $63.26 3, 4

Tier 2 Loans

Years Loan Amount
$5,000 to $15,000
Loan Amount
$15,001 to $25,000
Loan Amount
$25,001 to $60,000
Monthly Payment Notes
3 to 10 4.25% APR* 4.25% APR* 4.25% APR* $102.44 2
10+ to 20 4.75% APR* 4.75% APR* 4.75% APR* $64.62 3, 4

Tier 3 Loans

Years Loan Amount
$5,000 to $10,000
Loan Amount
$10,001 to $25,000
Loan Amount
$25,001 to $60,000
Monthly Payment Notes
3 to 10 4.75% APR* 4.75% APR* 4.75% APR* $104.85 2
10+ to 20 5.00% APR* 5.00% APR* 5.00% APR* $66.00 3, 4
No LienUCC-1 LienMortgage

Credit Score:

Tier 1: 720+
Tier 2: 680 to 719
Tier 3: <680

*APR = Annual Percentage Rate (APR). Minimum loan amount $5,000.00. Maximum loan amount $60,000.00. Up to 12 months interest-only payments during construction period. All loans are subject to meeting Mass Solar Loan Program guidelines. Financing available on 1-4 family primary residences and vacation homes located in Massachusetts only. Financing is subject to credit approval. Additional terms and conditions may apply. Borrowers must be eligible for membership with Naveo.

 

Non-owner-occupied property:

Notes:
1 - Payment is based on 60 months for $10,000 loan
2 - Payment is based on 120 months for $10,000 loan
3 - Payment is based on 240 months for $10,000 loan
4 - Loans with terms >10 years must have a minimum monthly payment of $100

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