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Rates effective: August 14, 2017

New Hampshire Housing Finance Authority

Description Points Down Payment Interest Rate Annual Percentage Rate(APR*) Payment Per $1,000.00***
Home Flex 0 3.50% 3.875% 4.840% $4.70

Annual Percentage Rate based on 0 point, 30-year term, 96.5% LTV; including PMI.

Description Points Down Payment Interest Rate Annual Percentage Rate(APR*) Payment Per $1,000.00***
Home Preferred 0 3.00% 4.125% 4.692%

$4.85

 Annual Percentage Rate based on 0 point, 30-year term, 97% LTV; including PMI.

Description Points Down Payment Interest Rate Annual Percentage Rate(APR*) Payment Per $1,000.00***
Home Flex Plus 0 3.50% 4.500% 5.530% $5.07

Annual Percentage Rate based on 0 point, 30-year term, 96.5% LTV; including PMI.

Description Points Down Payment Interest Rate Annual Percentage Rate(APR*) Payment Per $1,000.00***
Home Preferred No Mortgage Insurance 0 3.00% 4.750% 4.804% $5.23

Annual Percentage Rate based on 0 point, 30-year term, 97% LTV, with no PMI.  

Under the Home Start Homebuyer Tax Cedit Program, eligible borrowers can save up to $2,000 per year in reduced federal tax liablility.  New Hampshire Housing Finance Authority administers the Home Start Homebuyer Tax Credit program. For more information, please visit www.GoNewHampshireHousing.com or contact one of our originators for more information.

 Adjustable Rate Mortgage Loans (ARM)

Type
Down Payment Interest Rate Annual Percentage Rate(APR) CAPS Payment Per $1,000.00***
3/1 Year ARM 20.00% 2.990% 3.790% 2 / 6 $4.21
5/1 Year ARM 20.00% 3.250% 3.764% 2 / 6 $4.35
7/1 Year ARM 20.00% 3.500% 3.806% 2 / 6 $4.49
10/1 Year ARM 20.00% 3.990% 4.051% 2 / 6 $4.77

 The interest rate on Adjustable Rate Mortgages may increase after consummation of the loan.

Annual percentage rate (APR) based on $100,000.00 loan, 20% down payment and a 30 year term.

Other down payment options are available.

Rates and Programs are subject to change without notice.

Private Mortgage Insurance required on loans with less than 20% down.

Fixed Rate Mortgage Loan

Description Points Down Payment Interest Rate Annual Percentage Rate(APR*) Payment Per $1,000.00***
10 Year Fixed 0 20.00% 2.999% 3.081% $9.65
15 Year Fixed 2 20.00% 3.000%

3.485%

$6.90
15 Year Fixed 1 20.00% 3.125% 3.463% $6.97
15 Year Fixed 0 20.00% 3.250% 3.567% $7.03
20 Year Fixed 2 20.00% 3.500% 3.786% $5.79
20 Year Fixed 1 20.00% 3.625% 3.795% $5.86
20 Year Fixed 0 20.00% 3.750% 3.805% $5.93
30 Year Fixed 2 20.00% 3.750% 3.957% $4.63
30 Year Fixed 1 20.00% 3.875% 3.998% $4.70
30 Year Fixed 0 20.00% 4.000% 4.040% $4.77

 Interest rate is based on a 30 day rate lock.

Annual percentage rate (APR) based on $100,000.00 loan, 20% down payment and the corresponding term of 10,15, 20 or 30 years.

Other down payment options are available.

Rates and Programs are subject to change without notice.

Rates are for single family homes and for loans up to $424,100.00.

Private Mortgage Insurance(PMI) required on loans with less than 20% down.

Jumbo Mortgage Loans

Special programs available for Jumbo Loans (over $424,100). Specific terms and conditions apply, please contact a loan officer for more details.

Land Loan

Type
Down Payment Interest Rate Annual Percentage Rate(APR)   Payment Per $1,000.00***
10 Year Fixed 25.00% 7.00% 7.307%   $11.61

 Annual percentage rate (APR) based on $50,000.00 loan amount. 

Rates and Programs are subject to change without notice.

Private Mortgage Insurance (PMI) is not available with Land Loans. 

Construction Loans

Type
Down Payment Interest Rate Annual Percentage Rate(APR) CAPS Payment Per $1,000.00***
12 Month Fixed Construction 20.00% 6.500%    9.362% N/A Interest only
One Step Construction 3/1 ARM 20.00% 3.500% 4.337% 2 / 6 $4.58

One Step Construction 5/1 ARM

20.00% 3.750% 4.012% 2 / 6 $4.72
One Step Construction 7/1 ARM 20.00% 4.00% 4.109% 2 / 6

$4.86

One Step Construction

30 Year Fixed

20.00% 4.50% 4.611% N/A $5.07

The Interest rate on Adjustable Rate Mortgages may increase after consummation of the loan.

Annual percentage rate (APR) based on $100,000.00 loan, 20% down payment and a 12 month term for the interest only construction loan.

Annual percentage rate (APR) based on $100,00.00 loan, 20% down payment and a 30 year term for one step construction.

Some restrictions apply.

Rates and Programs are subject to change without notice.

Private Mortgage Insurance required on loans with less than 20% down.

Home Equity Line of Credit

Type Interest Rate Annual Percentage Rate (APR*) Conditions
Home Equity Line of Credit*  4.75%  4.75% Maximum LTV 80%

Closing costs as low as $150.00 with $10,000.00 disbursed at closing with new indebtedness to Sugar River Bank.

Fixed rate for the first 12 months then rate can adjust quarterly to Wall Street Journal Prime plus .50%.  

Minimum rate of 4.75%, maximum rate of 18%. 

Monthly payments will be based on interest only over 10 years, a balance may be due at maturity.

No annual fee or prepayment penalty.

Home Equity Loan

Type Interest Rate Annual Percentage Rate (APR*) Conditions Payment Per $1,000***
Fixed Rate Home Equity*  4.99%   4.99%    Maximum LTV 80% $10.60

Closing costs as low as $150.00 with $10,000.00 disbursed at closing with new indebtedness to Sugar River Bank.

No annual fee or prepayment penalty.

APR for Fixed Rate Home Equity Loan based on 10 Year Term with no fees

Mobile Home Loan

Mobile Homes / New / Used / New in Park / Used in Park

New / Used Down Payment Interest Rate Annual Percentage
Rate (APR*)
CAPS Term Payment Per $1,000***
New or Used on Land - 1 Yr ARM 20.00% 4.25%  4.207%  2 / 6 240 Months $6.19
New or Used on Land - 3 Yr ARM 20.00% 4.75%  4.734%  2 / 6 240 Months $6.46
New or Used on Land - 5 Yr ARM 20.00% 5.25% 5.257% 2 / 6 240 Months $6.74
New in Park - 3 Yr ARM 20.00% 4.99%  5.008%  2 / 6 180 Months $7.90
New in Park - 5 Yr ARM 20.00% 5.49%   5.533%  2 / 6 180 Months $8.17
Used in Park- 3 Yr ARM 20.00% 5.99%  6.066% 2 / 6 120 Months $11.10
Used in Park - 10 Year Fixed 20.00% 6.49%   6.814% N/A 120 Months $11.35

 *Annual Percentage Rate (APR) based on $75,000.00 loan, 20% down payment and corresponding term of 10, 15 or 20 years for Manufactured home loans.

The APR may increase after consummation of the loan.

Other down payment options are available - call for details.

Private Mortgage Insurance (PMI) required on loans with less than 20% down and is not available on all mobile home loans.

Rates and Programs are subject to change without notice.

Boat Slip Loans

Type Down Payment Interest Rate Annual Percentage
Rate(APR*)
CAPS Payment Per $1,000***
1 Year ARM 20.00% 8.49% 9.754% 2 / 6 $9.84
3/1 Year ARM 20.00% 8.99% 9.566% 2 / 6 $10.14

*Annual Percentage Rate (APR) based on $30,000. Maximum term is 15 Years

** All rates subject to change without notice. Please verify rates by contacting your nearest branch office. Please note other terms, conditions, or restrictions may apply depending upon product offering. Please contact your nearest branch office for complete details.

***Payment per thousand does not include Escrow for real estate taxes or insurance and the actual payment with Escrows will be higher.

The APR may increase after consummation of the loan.

Private Mortgage Insurance (PMI)

To calculate an estimate of PMI, click https://www.mgic.com/micalculator/index.html, for MGIC's MI Options Calculator.  

Equity Builder Program (EBP)

Sugar River Bank participate's in The Equity Builder Program (EBP) which offers grants to households with incomes at or below 80% of the area median income with down-payment, closing-cost and home-buyer counseling.

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