All rates are subject to change without notice.
Fixed Rate Mortgages — Primary Residence and Second Homes
Payment does not include taxes and insurance.
Your payment may be greater.
| Program/Term | Current
Rate | Points | Annual Percentage Rate (e) | Payment Per $1000 |
| 10 Years | 4.250% | 0 | 4.316% | $10.25 |
| 15 Years | 4.375% | 0 | 4.421% | $7.59 |
| 20 Years | 4.875% | 0 | 4.912% | $6.54 |
| 30 Years | 5.125% | 0 | 5.152% | $5.45 |
These rates are effective for 1-4 family owner-occupied properties for Purchase Mortgage and Rate and Term Refinance Mortgage Loans up to $417,000 for up to 95% Loan-to-Value. Cash-Out Refinance Loans limited to 70% Loan-to-Value. Loans over $417,000 to $650,000 available. Please contact us for details. Other restrictions may also apply.
Adjustable Rate Mortgages — Primary Residence and Second Homes
Payment does not include taxes and insurance.
Your payment may be greater.
| Program/Term | Current
Rate | Points | Annual Percentage Rate (e) | Payment Per $1000
Borrowed Per Month |
| 1 Year | 5.250% | 0 | 3.545% | 1-12 $5.53
13-360 $4.52 |
3 Year Fixed /
1 Year ARM | 5.125% | 0 | 3.794% | 1-36 $5.45
37-360 $4.50
|
5 Year Fixed /
1 Year ARM | 5.000% | 0 | 3.983% | 1-60 $5.37
61-360 $4.55 |
10 Year Fixed /
1 Year ARM | 5.375% | 0 | 4.670% | 1-120 $5.60
121-360 $5.07 |
APRs assume a $180,000.00 loan with a 20% down payment for a 30-year term, unless otherwise specified. APR may increase after consummation.
Full index rate is based on the current 1 year index plus a 3.00% margin. The fully indexed rate is currently 6.25%.
For existing Berkshire Bank mortgages, the rate change is based on the average 1 year t-bill taking into consideration the caps and margin disclosed within the note and rider. Notice is mailed 45 days prior to change.
First-Time Homebuyer Mortages — Primary Residences Only
Payment does not include taxes and insurance.
Your payment may be greater.
| Program/Term | Current
Rate | Points | Annual Percentage Rate (e) | Payment Per $1000 |
30 Years —
MassHousing MassAdvantage | 5.375% | 0 | 5.400% | $5.60 |
5 Year Fixed /
1 Year ARM First Time Conv. | 4.625% | 0 | 3.847% | $5.15 |
APRs assume a $180,000.00 loan with a 20% down payment for a 30-year term, unless otherwise specified.
Note: These rates are effective for 1 family owner-occupied property for Purchase Mortgages only. 2-4 unit programs available. Please contact us for details. Other restrictions may also apply.
Land Loans
Payment does not include taxes and insurance.
Your payment may be greater.
| Program/Term | Current
Rate | Points | Annual Percentage Rate (e) | Payment Per $1000 |
| 3 Year Interest Only w/Balloon | 6.000% | 1 | 6.509% | $5.00 |
Other residential mortgage rates and terms are available. Please contact us for details.
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