Natick Federal Savings Makes It Easier
To Buy or Refinance Your Home
At Natick Federal Savings, you'll get more than a competitive mortgage rate. You'll get a wide variety of mortgage program options, quick turnaround time on your loan application, and responsive personal service from an experienced staff of knowledgeable banking professionals.
Obtaining a Natick Federal Savings mortgage is easy. When you need personalized service, simply call one of the loan service professionals at your hometown bank. We'll work hard to get you the best mortgage possible at terms you can live with and rates you can afford.
Mortgage Program Choices
Whenever you're ready to take the important step of buying or refinancing a home, you'll be comforted to know that we offer a variety of mortgage plans to suit any individual's financial or personal needs. Some program choices include loans where servicing is retained by the bank, while in other programs servicing will not be retained. Other advantages include:
- Pre-qualifications available.
- Various terms and options available.
- Low competitive rates and closing costs.
- First Time Homebuyer Programs available.
- Prompt Approvals.
- Automatic payment from a Natick Federal Savings Account or any checking account.
Take a look at some of your options with Natick Federal Savings:
Adjustable Rate Mortgages
An adjustable rate mortgage is a mortgage loan with an interest rate that changes periodically based on a predetermined index. We offer mortgages based on the Cost-of-Funds index as well as the 1-year U.S. Treasury. The initial interest rate is normally lower than on a fixed-rate mortgage and may result in substantial savings over the life of the loan. See our Lending Rates.
Fixed Rate Mortgages
Have the comfort of knowing exactly how much is due each month. Fixed rate mortgages guarantee your rate for the life of the mortgage and are available with zero point and low point options with terms from 10 to 30 years. See our Lending Rates.
First Time Home Buyer Program
Let us help you through the process of financing your first home. Our First Time Home Buyer Program includes substantial reductions in closing costs and, if you choose an adjustable rate mortgage, we'll reduce yearly and lifetime interest rate caps. Our mortgage professionals will guide you through the application and processing and be here for servicing you throughout the life of the loan. See our Lending Rates.
Pre-Qualification
Go shopping for your new home, knowing that you have mortgage financing waiting for you when you're ready. The process is simple, the response is fast, and there is no fee. Call one of our mortgage professionals at (508) 653-2340 to find out what information we need to make your shopping for a new home easier. See our Mortgage Pre-Qualification Worksheet.
Jumbo Mortgages
Let us work with you to personalize a mortgage for your dream home. Call our Lending Department at (508) 653-2340 and talk to one of our banking professionals about how we can meet your dream home financing needs.
Once you know approximately how much home is in your price range, use the guide below or our convenient
Mortgage Calculators to estimate your monthly payments based on the principal and interest. Closing costs are normally paid in a lump sum at the time you take out the loan. Other annual costs such as taxes and insurance and are also not included on the chart, but may be added to your monthly payments.
Equal Monthly Payment
to Amortize a Loan of $1,000>
| Rate |
15 years |
20 years |
25 years |
30 years |
| 5.00% |
$7.91 |
$6.60 |
$5.85 |
$5.37 |
| 5.25% |
$8.04 |
$6.74 |
$6.00 |
$5.53 |
| 5.50% |
$8.18 |
$6.88 |
$6.15 |
$5.68 |
| 5.75% |
$8.31 |
$7.03 |
$6.30 |
$5.84 |
| 6.00% |
$8.44 |
$7.17 |
$6.45 |
$6.00 |
| 6.25% |
$8.58 |
$7.31 |
$6.60 |
$6.16 |
| 6.50% |
$8.72 |
$7.46 |
$6.76 |
$6.33 |
| 6.75% |
$8.85 |
$7.61 |
$6.91 |
$6.49 |
| 7.00% |
$8.99 |
$7.76 |
$7.07 |
$6.66 |
| 7.25% |
$9.13 |
$7.90 |
$7.23 |
$6.82 |
| 7.50% |
$9.28 |
$8.06 |
$7.39 |
$7.00 |
| 7.75% |
$9.42 |
$8.21 |
$7.56 |
$7.17 |
| 8.00% |
$9.56 |
$8.37 |
$7.72 |
$7.34 |
| 8.25% |
$9.71 |
$8.53 |
$7.89 |
$7.52 |
| 8.50% |
$9.85 |
$8.68 |
$8.06 |
$7.69 |
| 8.75% |
$10.00 |
$8.84 |
$8.32 |
$7.87 |
| 9.00% |
$10.15 |
$9.00 |
$8.40 |
$8.05 |
| 9.25% |
$10.30 |
$9.16 |
$8.57 |
$8.23 |
| 9.50% |
$10.45 |
$9.33 |
$8.74 |
$8.41 |
| 9.75% |
$10.60 |
$9.49 |
$8.92 |
$8.60 |
The above rates are for illustrative purposes only. They are based on the Annual Percentage Rate (APR) indicated for principal and simple interest. We offer a variety of mortgage plans. See our
Lending Rates or
Contact Us for more information.
Whether you apply with us for a new mortgage to buy the home you want, or to refinance your present mortgage, ask about a Homeowner's Credit Line. It can help you save on fees when you apply; interest when you want to borrow money; and, on taxes at the end of the year.
For more details, speak to one of our mortgage loan experts at
508-653-2340
or Apply Today.
