Jumbo Loans

Jumbo Loan Features

Loans greater than the Federal National Mortgage Association (FNMA), commonly known as Fannie Mae limits
Competitive rates
Accessible, experienced and local Mortgage Loan Officers

Effective as of 12/6/2023

Term	Rate	APR¹	Points	Monthly P&I ² Payment (per $1,000) Payment amounts do not include taxes and insurance. Your payments may be greater.
30-Year Fixed Rate ^3,4	7.750%	7.808%	0	$7.16 (360 payments)

1 Annual Percentage Rate (APR) is based on a single-family primary residence property with a loan amount of $800,000 and using the current 30-day SOFR average index. APR is subject to change based on factors such as points, loan amount, loan-to-value, borrower’s credit and property type. Subject to credit approval.

2 Principal and Interest (P&I)

3 Jumbo Loan Fixed rates for loans above the conventional limit of $726,200. Limited to a 1-unit, primary residence, purchase or rate and term with a loan to value of 80% or less and FICO Score 700 or greater. Rates may vary based on other scenarios. These rates are eligible for Owner-Occupied, Single-Family Residences and Condos.

4 High Balance County loan limits may be restricted.

Effective as of 12/6/2023

Product	Term	Initial Interest Rate	Fully Indexed Rate ^*	Points	APR¹	Monthly P&I² Payment (per $1,000) Payment amounts do not include taxes and insurance. Your payments may be greater.
5/6 ARM^3,4,5	30 years	6.750%	8.375%	0.000	7.750%	60 payments of $6.49 300 payments of $7.48
7/6 ARM^3,4,5	30 years	6.990%	8.375%	0.000	7.684%	84 payments of $6.65 276 payments of $7.45

All rates are subject to change without notice. If an escrow account is required or requested, the actual monthly payment will also include amounts for real estate taxes and homeowner's insurance premiums.

* The Fully Indexed Rate is rounded to the nearest 1/8.

1 Annual Percentage Rate (APR) is based on a single-family primary residence property with a loan amount of $800,000 and using the current 30-day SOFR average index. APR is subject to change based on factors such as points, loan amount, loan-to-value, borrower’s credit and property type. Subject to credit approval.

2 Principal and Interest (P&I)

3 High Balance County loan limits may be restricted.

4 Jumbo Adjustable Rate Mortgage (ARM) Rates are available on a 1 unit, primary residence, purchase or rate and term refinance above the conforming loan limit ($726,200). Maximum loan to value of loan to value of 75% and with a FICO Score of 700. Rates may vary based on other scenarios. The ARM programs are based on a 30-year term. Rates and payments (number of payments 61-360 or 85-360, based on program) after the initial fixed period (either five or seven years, based on program) on ARM programs are based on the margin plus the current index. The interest rate on ARM programs may increase after the initial term, the rate may change every 6 months and is based on the 30-day SOFR average index as published by the Federal Reserve Bank of New York plus a margin of 3.00%. StonehamBank updates the SOFR index weekly each Wednesday. It’s important to note that potential increase applies to overall payment, not just the rate. Subject to credit approval.

5 Jumbo Loans over $1,000,000 add 0.240% to the rate for 5-year Adjustable Rate Mortgage (ARM) and 0.260% to the rate for 7-year Adjustable-Rate Mortgage (ARM). APR subject to change based on rate and loan amount. Loans over $1,000,000 are limited to 75% loan to value (LTV.