Massachusetts Credit Union Mortgage Rates – Best APR’s

July 3, 2011 No Comments »

After getting word on some mortgage rates offered in the state of Massachusetts which feature APR’s that beat the national average by healthy margins, we thought we’d create a post dedicated to the lowest mortgage rates in MA offered through credit unions. As a comparison, we’ve noted the lowest mortgage rates from small community banks in Massachusetts as well.

The products that we’re covering are 30 year fixed rate mortgages and 15 year fixed rate mortgages. The banks and credit unions offering these products also have a wide range of refinance rates and new home loan rates with different terms that you can review by visiting their individual website.

Lowest Mortgage Rates in Massachusetts offered through Credit Unions:

(Rates accurate as of July, 2011.)

- Financial Resources Federal Credit Union, based out of Raynham, MA, has a 30 year fixed rate mortgage with an APR of 4.538% assuming 20% down on new home loans valued at $417,000 or less.

- Freedom Federal Credit Union, based out of Turners Falls, MA, has a 30 year fixed rate mortgage with an APR of 4.631% assuming 20% down on new home loans valued at $417,000 or less.

Lowest Mortgage Rates offered by Massachusetts Community Banks:

(Rates accurate as of July 2011.)

- Nantucket Bank, a division of Sovereign Bank located in Nantucket, MA, has a 30 year fixed rate mortgage going for 4.50% with a 20% down payment.

- Sovereign Bank located in Worcester, MA, has a 30 year fixed rate mortgage going for 4.50% with a 20% down payment.

- North Shore Bank (a cooperative bank) located in Salem, MA, has a 30 year fixed rate mortgage featuring an APR of 4.583% assuming 20% down.

- Pentucket Bank located in HaverHill, MA, has a 15 year fixed rate mortgage featuring an APR of 3.765% assuming 20% down.

- United Bank located in Worcester, MA, has a 15 year fixed rate mortgage featuring an APR of 3.671% assuming a 20% down payment.

If you live in Massachusetts and recently obtained a new home loan (or refinanced an existing loan) with lower APR’s than what we’ve listed above, please share by leaving a comment!

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