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Mortgage Rates






Today's mortgage rates

05/16/2023












Fixed Rate Products

FIXED RATE SALEABLE: Servicing Retained; Primary Residence, 1-4 Family Owner Occupied
Second Homes (Single Family Residences & Condos)
Term in Years  Interest Rate Points Annual Percentage Rate (APR) 1 Maximum  LTV 2 Monthly Payment Per $1000 3
15 5.990% 2.00 6.427% * 8.43
15 6.250% 0.00 6.368% * 8.57
20 6.250%
 2.00 6.601% * 7.31
20 6.375%
 0.00 6.469% * 7.38
30 6.625% 2.00 6.897% * 6.40
30 6.750% 0.00 6.823% * 6.49

 
 
FIXED RATE PORTFOLIO: Servicing Retained; Primary Residence, 1-4 Family Owner Occupied

Term in Years Interest Rate  Points Annual Percentage Rate (APR)1  Maximum LTV2 Monthly Payment Per $10003
15 6.625% 0.00

6.744%

 * 8.78
20 6.750% 0.00

6.846%

 * 7.60
30 7.125% 0.00

7.200%

 * 6.74

            

FIXED RATE PORTFOLIO SECOND HOMES: Servicing Retained (Single Family Residences & Condos)

Term in Years Interest Rate  Points Annual Percentage Rate (APR)1  Maximum LTV2 Monthly Payment Per $10003
15 6.625% 1.00

6.906%

 * 9.78
20 6.750% 1.00

6.976%

 * 7.60
30 7.125% 1.00

7.302%

 * 6.74

* Second Homes Down Payment Requirements:    
20% with minimum credit score 750
     25% with minimum credit score 720     
                                                                          30% with minimum credit score 650 (bank policy limit)    

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FIXED RATE SALEABLE Investment Properties: Servicing Retained; Non-Owner Occupied Single Family Residences or 1-4 Units

Term in Years Interest Rate  Points Annual Percentage Rate (APR)1  Maximum LTV2 Monthly Payment Per $10003
15 6.250% 2.00

6.691%

 * 8.57
15 6.500% 1.00

6.780%

 * 8.81
30 6.875% 2.00

7.151%

 * 6.57
30 6.990% 1.00

7.165%

 * 6.65


FIXED RATE PORTFOLIO Investment Properties: Servicing Retained; Non-Owner Occupied Single Family Residences or 1-4 Units

Term in Years Interest Rate  Points Annual Percentage Rate (APR)1  Maximum LTV2 Monthly Payment Per $103003
20 7.125% 1.00

7.354%

 75 7.98

  




FIXED RATE HOME EQUITY LOAN: Primary Residence or Second Home 1st or 2nd lien
Term in Years  Interest Rate Points Annual Percentage Rate (APR) 1 Maximum  LTV 2 Monthly Payment Per $1000 3
5 4.990% 0.00 5.236%  70 18.87
10 5.750% 0.00 5.882% 70 10.98

 
TINY HOMES
Now financing Tiny Homes with a minimum of 480 sq. ft. on its own land.
For more information, contact a Mortgage Officer today.


MANUFACTURED HOMES
Eligible Properties: June 1976 or newer double-wide manufactured home on its own land.
 
Ineligible Properties: Double-wide or single-wide manufactured homes in a park, single-wide manufactured homes on its own land, or manufactured homes with less than 600 square feet.

  • No prepayment penalties on residential mortgage products.
  • Maximum Loan Amount on Saleable conforming fixed rate mortgages is $726,200.00.


HOME EQUITY LINE OF CREDIT (HELOC) PRODUCT
Portfolio Financing: Primary Residence or Second-Home − 1st or 2nd lien (seasonal, investment, and land only properties ineligible).

Beautiful white kitchen with vase of flowers on kitchen island
  • 15/15 HELOC: Minimum loan amount $10,000, Maximum $1,000,000. Introductory rate of 4.99% for the first 12 months (APR 5.059%). Maximum 30 year term.  Draw Period 15 years, Repayment period 15 years.  Years 2-30 is a variable rate tied to the Wall Street Journal Prime Rate and is subject to change monthly.  APRs are based on interest only. Maximum Rate 18%. NO PREPAYMENT PENALTIES. 
  • Annual Credit fee of $50
  • Maximum Combined LTV 70% based on current appraised value or current tax assessed value.
            • Home Equity Fees generally range between $500-$1500.


CONSTRUCTION LOANS
Eligible Occupancy Type: Primary Residence and Second-Home single family residences (tiny homes are ineligible).


  • Primary Residences: Maximum Loan to Value (LTV) is 80% of the acquisition costs or the appraised value, whichever is less.
  • Second Homes: Maximum LTV is 70% of the total acquisition costs or the appraised value, whichever is less.
 

 

MORTGAGE OFFICERS

Helen Wachtel | (802) 275-3902 | hwachtel@brattbank.com | NMLS#488141

Linda Hescock | (802) 464-7537 | lhescock@brattbank.com | NMLS#1536097

Mia DeAngelis | (802) 275-3903 | mia@brattbank.com | NMLS#487902

All Rates are subject to change. Please discuss Rate lock options with your Mortgage Officer.
Brattleboro Savings and Loan NMLS#446356


1.  Annual Percentage Rate (APR), points, and interest rates are indications only, and are subject to change without notice. Qualification is subject to credit, underwriting and property approval. The annual percentage rate (APR)* quote are based on a loan amount of $100,000.

2.  Maximum Loan to Value (LTV) – contact one of our Mortgage Officers for Maximum LTV options. LTVs are based on a 20% down payment. Down payments less than 20% will require Private Mortgage Insurance (PMI) 

3.  Monthly Payment Per $1000.00 represents the monthly principal and interest only, and, does not include monthly taxes, homeowner's insurance, HOA type fees or monthly private mortgage insurance premiums. 

4.  Home Equity Loans and Home Equity Lines Or Credit cannot exceed a combined total Loan to Value (TLTV) of 70% based on the appraised value or the current Town Tax Assessment. At discretion, BS&L has the right to require an appraisal by an independent certified appraiser.

5.  Rates and terms are subject to change without notice.

 

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