Mortgages - Fixed Rates

Fixed Rate Mortgage - Full Closing Cost Program

Term in Years
Rate
Points
APR
Term in Years30 Year
Rate 4.000% 3.875% 3.750%
Points 0.000 0.625 1.375
APR 4.042% 3.969% 3.906%
Term in Years20 year
Rate 3.750% 3.625% 3.500%
Points 0.000 0.500 1.250
APR 3.808% 3.740% 3.701%
Term in Years15 year
Rate 3.250% 3.125% 3.000%
Points 0.000 0.875 1.375
APR 3.324% 3.326% 3.274%
Term in Years10 year
Rate 3.000% 2.875% 2.750%
Points 0.000 0.875 1.375
APR 3.107% 3.167% 3.147%

Fixed Rate Jumbo Mortgage - Full Closing Cost Program

Term in Years
Rate
Points
APR
Term in Years30 Year
Rate 4.000% 3.875% 3.750%
Points 0.000 0.625 1.375
APR 4.008% 3.934% 3.871%
Term in Years20 year
Rate 3.750% 3.625% 3.500%
Points 0.000 0.500 1.250
APR 3.761% 3.692% 3.653%
Term in Years15 year
Rate 3.250% 3.125% 3.000%
Points 0.000 0.875 1.375
APR 3.263% 3.265% 3.213%
Term in Years10 year
Rate 3.000% 2.875% 2.750%
Points 0.000 0.875 1.375
APR 3.107% 3.167% 3.147%

Rates accurate as of

APR = Annual Percentage Rate. Rates subject to credit evaluation. Actual rates may vary.

All rates are quoted based on a 45-day rate lock and are for properties located in upstate New York. Rates for longer rate locks may be higher.

Counties in upstate New York include:  Allegany, Broome, Cattaraugus, Cayuga, Chautauqua, Chemung, Chenango, Clinton, Cortland, Delaware, Erie, Essex, Franklin, Fulton, Genesee, Hamilton, Herkimer, Jefferson, Lewis, Livingston, Madison, Monroe, Montgomery, Niagara, Oneida, Onondaga, Ontario, Orleans, Oswego, Otsego, St. Lawrence, Saratoga, Schenectady, Schoharie, Schuyler, Seneca, Steuben, Tioga, Tompkins, Warren, Washington, Wayne, Wyoming, and Yates.

Conventional Loans: Balance less than or equal to $417,000 for single family, owner occupied; Balance less than or equal to $533,850 for two-family, owner occupied.

Rate lock options:

  • The ESL standard mortgage rate lock option is 45 days and there is no lock fee.
  • 90-day and 120-day rate locks: 1/2 point fee paid at time of lock.
  • 150-day and 180-day rate locks: 1 point fee paid at time of lock.
  • The fee associated with the rate lock is non-refundable if the borrower fails to close. These fees are fully refundable if ESL declines the loan.
  • For loans that do not close prior to the rate lock expiration date, the interest rate and total points can change. This determination will be made by ESL as of the day after the rate lock expires. If the new interest rate is the same or lower than the old locked rate, the new interest rate will be the same as the old locked rate and the member will pay the total points associated with that rate and an additional 1/4 of 1-point at closing. If the new interest rate is higher than the old locked rate, then the new interest rate will be the higher interest rate and the member will pay the total points associated with that rate and no additional fees will be charged. Under each situation, the rate will be re-locked for 30-days.
  • Material changes in loan terms brought about by credit qualifications, collateral value or other factors may void a rate lock.

Payment Examples


Home Possible® Mortgage - Purchase

Term in Years
Rate
Points
APR
Term in Years30 year
Rate 4.000%
Points 0.000
APR 4.042%
Term in Years20 year
Rate 3.750%
Points 0.000
APR 3.808%
Term in Years15 year
Rate 3.250%
Points 0.000
APR 3.324%

Rates accurate as of

 

APR = Annual Percentage Rate. Rates subject to credit evaluation. Actual rates may vary.

All rates are quoted based on a 45-day rate lock and are for properties located in upstate New York. Rates for longer rate locks may be higher.

Counties in upstate New York include:  Genesee, Livingston, Monroe, Ontario, Orleans, and Wayne.

Conventional Loans: Balance less than or equal to $417,000 for single family, owner occupied; Balance less than or equal to $533,850 for two-family, owner occupied.

Rate lock options:

  • The ESL standard mortgage rate lock option is 45 days and there is no lock fee.
  • 90-day and 120-day rate locks: 1/2 point fee paid at time of lock.
  • 150-day and 180-day rate locks: 1 point fee paid at time of lock.
  • The fee associated with the rate lock is non-refundable if the borrower fails to close. These fees are fully refundable if ESL declines the loan.
  • For loans that do not close prior to the rate lock expiration date, the interest rate and total points can change. This determination will be made by ESL as of the day after the rate lock expires. If the new interest rate is the same or lower than the old locked rate, the new interest rate will be the same as the old locked rate and the member will pay the total points associated with that rate and an additional 1/4 of 1-point at closing. If the new interest rate is higher than the old locked rate, then the new interest rate will be the higher interest rate and the member will pay the total points associated with that rate and no additional fees will be charged. Under each situation, the rate will be re-locked for 30-days.
  • Material changes in loan terms brought about by credit qualifications, collateral value or other factors may void a rate lock.

Payment Examples

Home Possible® Advantage Mortgage - Purchase

Term in Years
Rate
Points
APR
Term in Years30 year
Rate 4.000%
Points 0.000
APR 4.042%
Term in Years20 year
Rate 3.750%
Points 0.000
APR 3.808%
Term in Years15 year
Rate 3.250%
Points 0.000
APR 3.324%

Rates accurate as of

 

APR = Annual Percentage Rate. Rates subject to credit evaluation. Actual rates may vary.

All rates are quoted based on a 45-day rate lock and are for properties located in upstate New York. Rates for longer rate locks may be higher.

Counties in upstate New York include:  Genesee, Livingston, Monroe, Ontario, Orleans, and Wayne.

Conventional Loans: Balance less than or equal to $417,000 for single family, owner occupied.

Rate lock options:

  • The ESL standard mortgage rate lock option is 45 days and there is no lock fee.
  • 90-day and 120-day rate locks: 1/2 point fee paid at time of lock.
  • 150-day and 180-day rate locks: 1 point fee paid at time of lock.
  • The fee associated with the rate lock is non-refundable if the borrower fails to close. These fees are fully refundable if ESL declines the loan.
  • For loans that do not close prior to the rate lock expiration date, the interest rate and total points can change. This determination will be made by ESL as of the day after the rate lock expires. If the new interest rate is the same or lower than the old locked rate, the new interest rate will be the same as the old locked rate and the member will pay the total points associated with that rate and an additional 1/4 of 1-point at closing. If the new interest rate is higher than the old locked rate, then the new interest rate will be the higher interest rate and the member will pay the total points associated with that rate and no additional fees will be charged. Under each situation, the rate will be re-locked for 30-days.
  • Material changes in loan terms brought about by credit qualifications, collateral value or other factors may void a rate lock.

Payment Examples

FHA Mortgage

Term in Years
Rate
Points
APR
Term in Years30 year
Rate 3.875%
Points 0.000
APR 4.867%

Rates accurate as of


APR = Annual Percentage Rate. Rates subject to credit evaluation. Actual rates may vary.

All rates are quoted based on a 60-day rate lock and are for properties located in Monroe, Ontario, Orleans, Wayne, Livingston, and Genesee Counties in the state of New York. Not available on properties listed for sale or second homes.

FHA Loans: Current FHA loan limits for one family, owner occupied property in counties we serve is $271,050. Higher limits are available for multiple family dwellings.

Rate lock options:

  • The ESL standard mortgage rate lock option is 60 days and there is no lock fee.
  • 90-day and 120-day rate locks: 1/2 point fee paid at time of lock.
  • 150-day and 180-day rate locks: 1 point fee paid at time of lock.
  • The fee associated with the rate lock is non-refundable if the borrower fails to close. These fees are fully refundable if ESL declines the loan.
  • For loans that do not close prior to the rate lock expiration date, the interest rate and total points can change. This determination will be made by ESL as of the day after the rate lock expires. If the new interest rate is the same or lower than the old locked rate, the new interest rate will be the same as the old locked rate and the member will pay the total points associated with that rate and an additional 1/4 of one point at closing. If the new interest rate is higher than the old locked rate, then the new interest rate will be the higher interest rate and the member will pay the total points associated with that rate and no additional fees will be charged. Under each situation, the rate will be re-locked for 30-days.
  • Material changes in loan terms brought about by credit qualifications, collateral value, or other factors may void a rate lock.

Payment Examples