 | First Home Program & Operation New Home |
| Rates Effective: 5/1/2008 |
| 30 Year Fixed Rates |
| Points | Rate | APR | Monthly Payment Factor | | 2 Points - Seller | 5.100% | 5.690% | $5.43 | | 2 Points - Buyer | 5.100% | 5.880% | $5.43 | | 0 Points | 5.400% | 5.990% | $5.62 | | 0 Points + Maine Assist | 5.700% | 6.300% | $5.80 |
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| 40 Year Fixed Rates |
| Points | Rate | APR | Monthly Payment Factor | | 2 Points - Seller | 5.250% | 5.790% | $4.99 | | 2 Points - Buyer | 5.250% | 5.950% | $4.99 | | 0 Points | 5.550% | 6.100% | $5.19 | | 0 Points + Maine Assist | 5.850% | 6.400% | $5.4 |
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| Mobile Home Self-Insured (leased land or parks only)* |
| Points | Rate | APR | Monthly Payment Factor | | 2 Points - Seller | 6.100% | 6.710% | $6.06 | | 2 Points - Buyer | 6.100% | 6.910% | $6.06 | | 0 Points | 6.400% | 7.010% | $6.26 | | 0 Points + Maine Assist | 6.700% | 7.310% | $6.45 |
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*Monthly Payment Factor Assumes a 30-year term
Mobile Homes
Loan term will be 20, 25, or 30 years depending on the age of the mobile home. 40-year terms are not available for mobile homes.
Rate Disclaimer
Interest rates are subject to change. Annual Percentage Rate (APR) is the cost of credit stated as a yearly rate. The APR calculation is based on a 30-year or 40-year term as indicated, and includes points and private mortgage insurance. The actual APR may be higher depending on additional mortgage loan fees the participating lender charges the borrower.
Monthly Payment Factor
Multiply the Monthly Payment Factor by the number of $1,000’s in your loan to get the estimated principal and interest payment. Your actual monthly payment will include escrowed property taxes and insurances and therefore will be higher.