*Annual Percentage Rates (APR) are effective 12/20/2018 and are subject to change without notice and may increase after consummation. All advertised APRs reflect a .25% discount and are only valid if payments are automatically deducted from a NBSB checking account with established direct deposit. Products offered without .25% discount and requirements. Minimum APR after introductory period is 2.99% with a maximum APR of 18.00%. Advertised APRs are for owner occupied 1-4 family residences and owner occupied residential condominiums, located in MA. Loan term 20 yrs. with a 10 yr. draw period followed by a 10 yr. repayment period. Minimum draw $500. During repayment, your minimum monthly payment will equal 1/120th of the principal balance outstanding at the end of the draw period plus accrued interest and in no event shall the payment be less than $100. Minimum credit line $10,000. Maximum credit line is equal to 80% of the appraised value less any existing first mortgage balance. Homeowners insurance and flood insurance (if applicable) are required. Closing costs paid by NBSB. An appraisal fee, ranging from $100-$275, is required and paid by the Borrower. Discharge fee, if required, is responsibility of the Borrower. Early Termination Fee of $500 will be charged if the credit line is formally closed within 36 months of the original agreement. This offer may be withdrawn at any time. All loan applications are subject to credit underwriting and property approval. Other terms and conditions may apply. NBSB’s NMLS unique identifier is 641656.
Introductory APR of 1.74% is fixed for the first 6 months, followed by a variable rate adjusted monthly based on the Prime Rate as listed in the Wall Street Journal.
Introductory APR of 2.74% is fixed for 12 months, followed by a variable rate adjusted monthly based on the Prime Rate as listed in the Wall Street Journal.
Prime Rate is 5.50% as of 12/20/2018.
Each depositor is insured by the FDIC to at least $250,000. All deposits above the FDIC insurance amount are insured by the Depositors Insurance Fund (DIF).