Mortgage Loan & Home Financing Rates | The Village Bank, Massachusetts

Mortgage Rates

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Ready to buy, build, or refinance a home? We’re ready to help make it happen for you with a full line of home mortgages to meet virtually any need or budget. We offer the same low rates on jumbo mortgages, local servicing, and helpful guidance every step of the way.

The Village Bank (NMLS #: 408536) offers home loans in Massachusetts only.

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Mortgage Programs

Fixed Rate Mortgages – Owner Occupied

Program	Term	Interest Rate	Points	APR*	Monthly Payments per $1,000 borrowed
10-Year Fixed	10 years	6.250%	0	6.769%	$11.23
15-Year Fixed	15 years	6.500%	0	6.872%	$8.71
20-Year Fixed	20 years	6.750%	0	7.052%	$7.60
30-Year Fixed	30 years	6.990%	0	7.225%	$6.65
*Annual Percentage Rate (APR) effective December 19, 2024 and subject to change without notice. Fixed Rate Mortgages - Minimum down payment 20%. Payments noted do not include amounts for taxes and insurance premiums, if applicable, and the actual payment obligation may be greater. Property insurance is required. Subject to credit approval.

Adjustable Rate Mortgages – Owner Occupied

Program	Term	Interest Rate	Points	APR*	Monthly Payments per $1,000 borrowed
5/1 ARM	30 years	6.750%	0	7.279%	Months 1 to 60	$6.49
					Months 61 to 359	$6.79
					Month 360	$6.78
7/1 ARM	30 years	6.875%	0	7.285%	Months 1 to 84	$6.57
					Months 85 to 359	$6.78
					Month 360	$6.81
10/1 ARM	30 years	6.875%	0	7.231%	Months 1 to 120	$6.57
					Months 121 to 359	$6.76
					Month 360	$6.77
*Annual Percentage Rate (APR) effective December 19, 2024 and subject to change without notice. Adjustable Rate Mortgages – An ARM product offers a lower initial rate that is fixed for the initial term, and then periodically adjust based on the index and margin. Village Bank offers 5/1, 7/1, AND 10/1 ARMs which are fixed for the initial terms and adjust every 12 months. The interest rate adjustments are capped both annually and for the life of the loan. The adjustment period is based on the 1 Year Constant Maturity Treasury (index) and the Margin that is set at origination, rounded to the nearest .125%. During the adjustment period, the rate can never increase or decrease more than 2% within a 12 month period, has a life cap of 6% and a floor of 3%. Minimum down payment 20%. Payments noted do not include amounts for taxes and insurance premiums, if applicable, and the actual payment obligation may be greater. Property insurance is required. Subject to credit approval. Click here for the Adjustable Rate Mortgage Loan Program Disclosure. Click here for the Adjustable Rate Mortgage Construction Loan Program Disclosure.

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Mortgage Rates

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