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To discuss our rates and residential loan products, please call Jessica Andiorio Foster at (617) 243-4425.
Or feel free to send her an e-mail at: jfoster@firstcommonsbank.com
Jessica has over 20 years of experience as a residential lender.
She also has an extensive background as a real estate broker.
Jessica believes that the process of obtaining a mortgage should be about building relationships and helping customers achieve their home financing goals.
Rates
These are the rates as of June 14, 2013
In Market Mortgage Programs
Residents of Newton, Wellesley, and Waltham – take an extra 1/8% off any of the residential mortgage lending rates listed below.*
| TERM | RATE | POINTS | APR |
Conforming Fixed Rate Loan Products |
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| 30 Year | 4.250% | 0.00 | 4.43% |
| 20 Year | 3.875% | 0.00 | 3.92% |
| 15 Year | 3.125% | 0.00 | 3.19% |
| 10 Year | 3.000% | 0.00 | 3.09% |
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Adjustable Rate Mortgage Products to $750,000 |
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5/1 ARM 30 year amortization |
2.875% | 0.00 | 2.94% |
| 2.93% = Fully Indexed Rate | |||
|
7/1 ARM 30 year amortization |
3.250% | 0.00 | 3.23% |
| 2.93% = Fully Indexed Rate | |||
*To get the 1/8% rate reduction, residents of Newton, Wellesley, and Waltham must maintain an account with a minimum relationship balance of $10,000 or more with an auto-debit payment option from a First Commons Bank-eligible account.
Payments shown do not include taxes and insurance. Your payment may be greater.
Out of Market Mortgage Programs
Outside of Newton, Wellesley and Waltham, Massachusetts
| TERM | RATE | POINTS | APR |
Adjustable Rate Mortgage Products to $750,000 |
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|
5/1 ARM 30 year amortization |
3.375% | 0.00 | 3.09% |
| 2.93% = Fully Indexed Rate | |||
|
7/1 ARM 30 year amortization |
3.875% | 0.00 | 3.47% |
| 2.93% = Fully Indexed Rate | |||
Payments shown do not include taxes and insurance. Your payment may be greater
***ASK US ABOUT OUR 1 & 2 POINT RATE BUYDOWN OFFERINGS!***
***Rates per thous. Based on Loan of $417,000 & costs of $2,000***
Home Equity Line of Credit(out of market add .25%) |
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10 Year Draw 10 Year Repayment
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$10,000-$1,000,000 WSJ PRIME - .25
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Home Equity Line of Credit Floor 3.00% APR Cap 18.00% APR Property Insurance Required $50.00 Annual Fee
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The Home Equity Line is a variable rate account.
variable rate. Rates may change after opening.
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These rates are as of May 30, 2013
CD Rates
Get an 18-month CD with a 1.15%* APY
*The Annual Percentage Yield (APY) is accurate as of November 8, 2012. This Certificate of Deposit (CD) requires a minimum deposit of $50,000 and is the minimum to earn APY. This promotion requires a checking account with 5 transactions per statement cycle. Transactions are defined as Any Checks Written, ATM/Debit Card Transactions, Direct Deposit, Online Billpay or Any Deposit/Withdrawal (Bank Initiated Fees do not qualify). If the requirements are not during the statement cycle, the APY will be reduced to 0.55%. The checking account must be kept open until the end of the CD term. This promotion requires funds that are new to the bank. A penalty will apply for early withdrawal. Other CD accounts are available but lower rates may apply. Other account terms and conditions may apply. This is a limited-time offer. First Commons Bank may end this promotion at any time without notice.
| Term | Without Checking | With Checking* |
| 3 Months | .15% APY** | .30% APY |
| 6 Months | .25% APY | .40% APY |
| 12 Months | .45% APY | .60% APY |
| 13 Months | .55% APY | .70% APY |
| 18 Months | .55% APY | 1.15% APY |
| 24 Months | .55% APY | .70% APY |
| 36 Months | .85% APY | 1.00% APY |
| 48 Months | .95% APY | 1.10% APY |
| 60 Months | 1.05% APY | 1.20% APY |
*A checking account with direct deposit is required for these rates
**Rates are based on annual percentage yields (APY)
Minimum daily balance to earn APY is $1000.00
Penalty may apply for early withdrawals
Money Market Rates
| Tier | Without Checking | With Checking* |
| $2,500-$9,999.99 | .05% APY** | .30% APY |
| $10,000-$24,999.99 | .15% APY | .40% APY |
| $25,000-$99,999.99 | .25% APY | .50% APY |
| $100,000-$249,999.99 | .35% APY | .60% APY |
| $250,000-$1,999,999.99 | .35% APY | .60% APY |
| $2,000,000+ | .10% APY | .35% APY |
*A checking account with direct deposit is required for these rates
**Rates are based on annual percentage yields (APY)
Minimum daily balance to earn APY is $2,500.00
Fees may reduce earnings
Business Money Market rates are also available. To find out more please call us at 617-243-4400 or visit us at either of our branches at 718 Beacon St. Newton Centre, MA 02459,
right next to the Post Office or
161 Linden St. Wellelsey, MA 02482 (In Linden Square)
Rates are subject to change at any time without notice after the account is opened
Member FDIC
