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Investment Property

NON-OWNER OCCUPIED (1-4 FAMILY)

You're looking to purchase residential property for investment purposes.

What it offers:

 

  • Fixed rate bi-weekly programs available
  • Adjustable rate programs available - fixed rate for the initial period, i.e. 3 or 5 years, then your rate adjusts based on treasury indices and margin
  • Various point options let you choose the best rate for your situation
  • Rate caps so you know the maximum your rate can change per adjustment period and throughout the life of the loan
  • Up to 75% financing

 

Property Type:

 

Non-owner occupied 1-4 family located in Massachusetts or New Hampshire

 

Terms:

 

Up to 30 years

 
Non-Owner Occupied Mortgage Loans as of May 7, 2008
     (1-4 Family)
    
Program Down Payment Maximum Loan Maximum Term Interest Rate Points Annual
Percentage
Rate
Monthly P&I* PER $1,000
Bi-Weekly (Fixed) 20%

$417,000 Single

$533,850 2-3 Family

30 Years 6.750% 1 6.864% $6.49
3 Year ARM 20% 25 Years 5.750% 1 5.674% $6.29
5/3 Year ARM 20% 25 Years 6.125% 1 5.876% $6.52


* (P&I) Principal and Interest
If you have any questions about East Boston Savings Bank's residential loans or services, please contact our Call Center at (800) 657-3272, or click "Contact Us" to e:mail our Residential Lending Division.


Member FDIC. Member DIF. Equal Housing Lender. Equal Opportunity Lender.

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