Rates Effective:
| Term | Points | Rate | APR1 | Payment per $1,000 |
|---|---|---|---|---|
| 30 Year Fixed Rate | 0 | 6.875% | 6.942% | $6.57 |
| 20 Year Fixed Rate | 0 | 7.000% | 7.089% | $7.75 |
| 15 Year Fixed Rate | 0 | 6.875% | 6.985% | $8.92 |
| 10 Year Fixed Rate | 0 | 6.875% | 7.029% | $11.55 |
1 APR: Annual Percentage Rate. Posted APRs are calculated assuming a single family property, 20% down payment for purchases, credit score of 740 or better, automatic payment and tax escrow, and no subordinate financing. Property must be an owner occupied primary home 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. For second/vacation homes, maximum term is 15 years.
Posted APRs and rates are Naveo base rates. Actual APRs may be higher for loans with any of the following characteristics: loan-to-value ratio above 60%; credit scores below 740; cash-out refinancing; condominiums; 2-4 unit properties; and non-owner-occupied properties. Per Naveo policy, interest rates cannot be locked until Naveo has received the final property appraisal report and title search report.
| Term/Yrs | Points | Rate** | Payment per $1,000 |
|---|---|---|---|
| 30 Year Fixed Rate1 | 1 | 7.500% | $6.99 |
| 15-Year Term, 20-Year Amortization | 1 | 7.250% | $7.90 |
| 15 Year Fixed Rate | 1 | 7.250% | $9.13 |
| 10 Year Fixed Rate | 1 | 7.000% | $11.61 |
**Posted Rates are calculated assuming investor-owned, single-family property, 25% down payment for purchases, credit score of 720 or better, automatic payment and tax escrow, and no subordinate financing. Property must be 1-4 family property located in Massachusetts or within 100 miles of the Somerville branch. Maximum loan to value of 75%. Rates 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, Loan-to-Value ratio, loan characteristics, cash-out refinance and/or property type. 20 year loans feature 20-year amortization, but are due in full at the end of the 15-year term with a balloon payment.
Posted APRs and rates are Naveo base rates. Actual APRs may be higher for loans with any of the following characteristics: loan-to-value ratio above 60%; credit scores below 740; cash-out refinancing; condominiums; 2-4 unit properties; and non-owner-occupied properties. Per Naveo policy, interest rates cannot be locked until Naveo has received the final property appraisal report and title search report.
1Pricing assumes a maximum 75% LTV and a minimum credit score of 740, for a purchase-transaction of a 1-4-family non-owner-occupied residential property. Pricing adjustments may apply based upon transaction type and credit characteristics.
| Term | Points | Rate | APR1 | Payment per $1,000 |
|---|---|---|---|---|
| 30 Year Fixed Rate | 0 | 7.500% | 7.570% | $6.99 |
| 15 Year Fixed Rate | 0 | 7.750% | 7.863% | $9.41 |
1 APR: Annual Percentage Rate. Posted APRs are calculated assuming a single family property, 20% down payment for purchases, credit score of 740 or better, automatic payment and tax escrow, and no subordinate financing. 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.
The 15-year rates are good for up to $2 million for owner-occupied primary homes.
Posted APRs and rates are Naveo base rates. Actual APRs may be higher for loans with any of the following characteristics: loan-to-value ratio above 60%; credit scores below 740; cash-out refinancing; condominiums; 2-4 unit properties; and non-owner-occupied properties. Per Naveo policy, interest rates cannot be locked until Naveo has received the final property appraisal report and title search report.
| Loan Limits | Conforming | High Balance |
|---|---|---|
| 1 Family & Condo | $766,550 | $862,500 |
| 2 Family | $981,500 | $1,104,150 |
| 3 Family | $1,186,350 | $1,334,700 |
| 4 Family | $1,474,400 | $1,658,700 |
| Term | Points | Rate | APR1 | Cost/$1,000 |
|---|---|---|---|---|
| 5/1 | 0 | 6.625% | 7.682% | $6.40 |
| 7/1 | 0 | 6.750% | 7.569% | $6.49 |
| 10/1 | 0 | 6.875% | 7.457% | $6.57 |
| 15/1 | 0 | 7.125% | 7.462% | $6.74 |
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 refinance with no subordinate financing and an auto debit. Property must be located in Massachusetts or within 100 miles of the Somerville branch. These rates available for loans up to $2 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.
| Term | Points | Rate** | Cost/$1,000 |
|---|---|---|---|
| 5/1 | 0 | 7.625% | $7.47 |
| 7/1 | 0 | 7.750% | $7.55 |
| 10/1 | 0 | 8.000% | $7.72 |
| 15/11 | 0 | 8.250% | $7.88 |
**Posted rates are for credit scores greater than or equal to 720, LTV less than or equal to 75% for a one unit, investor-occupied property in a purchase or no cash-out refinance with no subordinate financing and an auto debit. Property must be located in Massachusetts or within 100 miles of the Somerville branch. These rates available for loans up to $2 million. Must meet Secondary Market guidelines to qualify for best rate available. Rates may change at any time and vary according to the property and loan characteristics.
1 15-year term, 25 year amortization
| Term | APR1 | APR1 |
|---|---|---|
| 10 Year Draw Period | 7.25% | Variable thereafter
Currently 7.50% |
| 10 Year Term | Fixed for the first 12 months | Thereafter |
- No closing costs or application fee*
- Interest may be tax deductible
Apply Now!HELOC FAQsCalculator
1 APR: Annual Percentage Rate. The first 12 months is a fixed introductory rate of 7.25% APR. Prime rate minus 1.00% for the remaining term of the line may change monthly. As of 07/26/2023, the prime rate is 8.50% as published in the Wall Street Journal. APR may vary but will not drop below 3.50% or exceed 18.00% after the introductory period. Minimum approved credit line or loan is $5,000. Maximum approved credit line or loan is $500,000. Loan amounts greater than $250,000 may result in higher closing costs and a full appraisal. Minimum credit score of 720. Maximum combined loan to value of 75%. Property must be 1- 4 family owner occupied or single-family vacation property located within 100 miles of the Somerville branch. Property insurance is required. This promotion is only valid one time, per member. All lines will be assessed a $45 annual fee. Rates and APRs may change at any time and vary according to the property and loan characteristics. Approval subject to Naveo lending criteria and Naveo membership eligibility. 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, CLTV, debt ratios and other loan characteristics.
* No closing cost option requires minimum line limit of $25,000 and minimum initial advance for first 90 days of $15,000. Early payment, within the first 36 months, may be subject to Reimbursement Fee.
| Term | APR1 | APR1 |
|---|---|---|
| 10 Year Draw Period | 7.75% | Variable thereafter
Currently 8.50% |
| 10 Year Term | Fixed for the first 12 months | Thereafter |
- No closing costs or application fee*
- Interest may be tax deductible
Apply Now!HELOC FAQsCalculator
1 APR: Annual Percentage Rate. The first 12 months is an introductory rate of 7.75%. Prime rate for the remaining term of the line may change monthly. As of 07/26/2023 the prime rate is 8.50% as published in the Wall Street Journal. APR may vary but will not drop below 4.00% or exceed 18.00% after the introductory period. Minimum approved credit line or loan is $5,000. Maximum approved credit line or loan is $500,000. Loan amounts greater than $250,000 may result in higher closing costs and a full appraisal. Minimum credit score of 700. Maximum combined loan to value of 80%. Property must be 1- 4 family owner occupied or single-family vacation property located within 100 miles of the Somerville branch. Property insurance is required. All lines will be assessed a $45 annual fee. Rates and APRs may change at any time and vary according to the property and loan characteristics. Approval subject to Naveo lending criteria and Naveo membership eligibility. 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, CLTV, debt ratios and other loan characteristics.
* No closing cost option requires minimum line limit of $25,000 and minimum initial advance for first 90 days of $15,000. Early payment, within the first 36 months, may be subject to Reimbursement Fee.
| Term | Rate | APR1 | Payment per $1,000 |
|---|---|---|---|
| 20 Year | 7.750% | 7.750% | $8.21 |
| 15 Year | 7.500% | 7.500% | $9.27 |
| 10 Year | 7.250% | 7.250% | $11.74 |
| 7 Year | 7.000% | 7.000% | $15.09 |
| 5 Year | 6.875% | 6.875% | $19.74 |
| 3 Year | 6.750% | 6.750% | $30.76 |
1 APR: Annual Percentage Rate. Posted APRs are calculated assuming maximum 75% LTV and credit score of 720 or better. Minimum loan amount of $5,000. Maximum loan amount of $500,000. Loan amounts greater than $250,000 may result in higher closing costs and a full appraisal. Property must be an owner occupied 1-4 family or single-family vacation property located in Massachusetts or within 100 miles of the Somerville branch. Property insurance is required. Rates and APRs may change at any time and vary according to the property and loan characteristics. Auto debit for monthly payment from a deposit account is required. Approval subject to Naveo lending criteria and Naveo membership eligibility. Consult your tax advisor regarding the tax benefits available to you. Pricing adjustments may apply based upon credit score, CLTV, debt ratios and the loan characteristics.
* No closing cost option requires minimum loan of $15,000. Subject to Reimbursement Fee if HELOAN is closed within first 36 months.
| Term | Rate | APR1 | Payment per $1,000 |
|---|---|---|---|
| 20 Year | 8.250% | 8.250% | $8.52 |
| 15 Year | 8.000% | 8.000% | $9.56 |
| 10 Year | 7.750% | 7.750% | $12.01 |
| 7 Year | 7.500% | 7.500% | $15.50 |
| 5 Year | 7.375% | 7.375% | $19.99 |
| 3 Year | 7.250% | 7.250% | $30.99 |
1 APR: Annual Percentage Rate. Posted APRs are calculated assuming maximum 80% LTV and credit score of 700 or better. Minimum loan amount of $5,000. Maximum loan amount of $500,000. Loan amounts greater than $250,000 may result in higher closing costs and a full appraisal. Property must be an owner occupied 1-4 family or single-family vacation property located in Massachusetts or within 100 miles of the Somerville branch. Property insurance is required. Rates and APRs may change at any time and vary according to the property and loan characteristics. Auto debit for monthly payment from a deposit account is required. Approval subject to Naveo lending criteria and Naveo membership eligibility. Consult your tax advisor regarding the tax benefits available to you. Pricing adjustments may apply based upon credit score, CLTV, debt ratios and the loan characteristics.
* No closing cost option requires minimum loan of $15,000. Subject to Reimbursement Fee if HELOAN is closed within first 36 months.