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Our products are grouped into categories depending on the type of property, loan size and criteria.
We have a wide range of mortgage products to meet your needs. Review the list below, and click on the category that's right for you! You'll be able to review current rates and specific requirements once you select the type of mortgage that interests you.
Call Mortgage Origination at 802-485-5871 or 800-NSB-CASH for current rates.
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Primary/Second Saleable
Eligible properties include: single family dwellings, multiple family dwellings with 1 to 4 units with 1 unit owner-occupied. Loan amounts are up to $417,000 for single family, and $801,950 for multi-unit properties. These loans must meet national market investor standards.
Rates posted 3/12/2010, but may change at any time.
|
Type
|
Rate
|
PTS
|
Purch/Refi
APR
|
Term
in
Years
|
Adjustment
Formula
|
Review
CAP
|
Life
CAP
|
Monthly
Payment per
$1000
Borrowed
|
Fixed
|
4.625%
|
3.00
|
4.944%
|
30
|
N/A
|
N/A
|
N/A
|
$5.14
|
Fixed
|
4.750%
|
2.00
|
4.980%
|
30
|
N/A
|
N/A
|
N/A
|
$5.22
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Fixed
|
5.000%
|
0.00
|
5.054%
|
30
|
N/A
|
N/A
|
N/A
|
$5.37
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Fixed
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4.000%
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3.00
|
4.547%
|
15
|
N/A
|
N/A
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N/A
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$7.40
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Fixed
|
4.125%
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2.00
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4.519%
|
15
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N/A
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N/A
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N/A
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$7.46
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Fixed
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4.375%
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0.00
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4.466%
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15
|
N/A
|
N/A
|
N/A
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$7.59
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1 Yr ARM*
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4.750%
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0.00
|
3.403%
|
30
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1yr T + 2.875%
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2.00%
|
6.00%
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$5.22
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1 Yr ARM*
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4.875%
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0.00
|
3.413%
|
30
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1yr T + 2.875%
|
2.00%
|
4.00%
|
$5.29
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3/1 Fix/ARM*
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5.125%
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0.00
|
3.710%
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30
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1yr T + 2.875%
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2.00%
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6.00%
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$5.44
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5/1 Fix/ARM*
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5.250%
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0.00
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4.010%
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30
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1yr T + 2.875%
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2.00%
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5.00%
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$5.52
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VHFA Move Program - Fixed
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5.125%
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0.00
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5.669%
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30
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N/A
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N/A
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N/A
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$5.44
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VHFA Direct Program - Fixed
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7.500%
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2.00
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8.502%
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30
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N/A
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N/A
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N/A
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$6.99
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Jumbo Saleable
Eligible properties include: single family dwellings, multiple family dwellings with 1 to 4 units with 1 unit owner-occupied. Loan amounts from $417,001 to $650,000. Loans in this category must comply with the standards of national market investors and are frequently sold to an investor after closing. Custom quotes are available for loan amounts over $650,000. Downpayments vary from 5% (with private mortgage insurance and subject to maximum loan amounts determined by the insurer) for single family units, to 20% for primary residence properties with 3-4 units. This type of mortgage is available for purchase, refinance or permanent financing after construction.
Rates posted 3/12/2010, but may change at any time.
|
Type
|
Rate
|
PTS
|
Purch/Refi
APR
|
Term
in
Years
|
Adjustment
Formula
|
Review
CAP
|
Life
CAP
|
Monthly
Payment per
$1000
Borrowed
|
Fixed
|
5.750%
|
1.00
|
5.885%
|
30
|
N/A
|
N/A
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N/A
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$5.84
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Fixed
|
5.625%
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1.00
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5.852%
|
15
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N/A
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N/A
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N/A
|
$8.24
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3/1 Fix/ARM*
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5.500%
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1.00
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3.811%
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30
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1yr T + 2.750%
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2.00%
|
6.00%
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$5.68
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5/1 Fix/ARM*
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5.500%
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1.00
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4.111%
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30
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1yr T + 2.750%
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2.00%
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5.00%
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$5.68
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Primary - Second Portfolio
Eligible properties include: single family dwellings, multiple family dwellings with 1 to 4 units with 1 unit owner-occupied. All loan amounts. These loans may not meet national market investor standards, and are evaluated using NSB approval criteria.
Rates posted 3/12/2010, but may change at any time.
|
Type
|
Rate
|
PTS
|
Purch/Refi
APR
|
Term
in
Years
|
Adjustment
Formula
|
Review
CAP
|
Life
CAP
|
Monthly
Payment per
$1000
Borrowed
|
Fixed
|
5.750%
|
2.00
|
5.980%
|
30
|
N/A
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N/A
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N/A
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$5.84
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Fixed
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6.000%
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0.00
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6.042%
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30
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N/A
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N/A
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N/A
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$6.00
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Fixed
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5.500%
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2.00
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5.884%
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15
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N/A
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N/A
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N/A
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$8.17
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Fixed
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5.625%
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0.00
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5.695%
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15
|
N/A
|
N/A
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N/A
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$8.24
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1 Yr ARM*
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5.750%
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0.00
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3.627%
|
30
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1yr T + 3.000%
|
2.00%
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6.00%
|
$5.84
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1 Yr ARM*
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5.875%
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0.00
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3.647%
|
30
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1yr T + 3.000%
|
2.00%
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4.00%
|
$5.92
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3/1 Fix/ARM*
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6.000%
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0.00
|
4.059%
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30
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1yr T + 3.000%
|
2.00%
|
6.00%
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$6.00
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5/1 Fix/ARM*
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6.125%
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0.00
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4.418%
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30
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1yr T + 3.000%
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2.00%
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5.00%
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$6.08
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Investor Saleable
Eligible properties include: single family dwellings, multiple family dwellings with 1 to 4 units NON owner-occupied. Loan amounts are up to $417,000 for single family, and $801,950 for multi-unit properties. These loans must meet national market investor standards.
Rates posted 3/12/2010, but may change at any time.
|
Type
|
Rate
|
PTS
|
Purch/Refi
APR
|
Term
in
Years
|
Adjustment
Formula
|
Review
CAP
|
Life
CAP
|
Monthly
Payment per
$1000
Borrowed
|
Fixed
|
5.250%
|
1.75
|
5.464%
|
30
|
N/A
|
N/A
|
N/A
|
$5.52
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Fixed
|
4.500%
|
1.75
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4.859%
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15
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N/A
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N/A
|
N/A
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$7.65
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Investor Portfolio
Eligible properties include: single family dwellings, multiple family dwellings with 1 to 4 units NON owner-occupied. All loan amounts. These loans may not meet national market investor standards, and are evaluated using NSB approval criteria.
Rates posted 3/12/2010, but may change at any time.
|
Type
|
Rate
|
PTS
|
Purch/Refi
APR
|
Term
in
Years
|
Adjustment
Formula
|
Review
CAP
|
Life
CAP
|
Monthly
Payment per
$1000
Borrowed
|
1 Yr ARM*
|
5.750%
|
1.00
|
5.885%
|
25
|
Prime + 2.50%
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N/A
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N/A
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$6.29
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Land
Generally for lots suitable as home building sites. Minimum downpayment is 35%. A mortgage originator will be pleased to discuss our construction loan options with you.
Rates posted 3/12/2010, but may change at any time.
|
Type
|
Rate
|
PTS
|
Purch/Refi
APR
|
Term
in
Years
|
Adjustment
Formula
|
Review
CAP
|
Life
CAP
|
Monthly
Payment per
$1000
Borrowed
|
5/1 Fix/ARM*
|
6.250%
|
0.00
|
5.194%
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15
|
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2.00%
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5.00%
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$8.57
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Mobile Homes
Mobile homes permanently installed on owned or leased land. These mortgages are available for single-wide and double-wide mobile homes permanently located on owned or leased land. The mobile home site must include a slab or gravel pad and all normal amenities- power, septic, driveway, etc.
Minimum downpayment is 20%. If you are considering a mobile home for a rented site, we have installment loans available.
Rates posted 3/12/2010, but may change at any time.
|
Type
|
Rate
|
PTS
|
Purch/Refi
APR
|
Term
in
Years
|
Adjustment
Formula
|
Review
CAP
|
Life
CAP
|
Monthly
Payment per
$1000
Borrowed
|
Fixed
|
11.750%
|
1.00
|
12.022%
|
15
|
N/A
|
N/A
|
N/A
|
$11.84
|
1 Yr ARM*
|
8.000%
|
1.00
|
6.079%
|
15
|
1yr T + 5.00%
|
2.00%
|
6.00%
|
$9.56
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Notes
- Special quotes available for loan amounts over $650,000 and second homes.
- * This loan program has an adjustable rate feature. The initial interest rate is in effect for the first 1 year (1 year ARM) 3 years (3/1) or 5 years (5/1) of your mortgage loan. Thereafter, interest rate and payment amount may increase (or decrease).
- APR'S are based on 30% downpayment and a loan amount of $100,000.00
- With PMI some products are available with a downpayment as low as 5%
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| Maximum Loan Size - Saleable Loans: |
| 1 Unit: $417,000 |
| 2 Units: $533,850 |
| 3 Units: $645,300 |
| 4 Units: $801,950 |
ARM Adjustment Indexes:
The annual percentage rate on adjustable rate mortgages may increase in future years based on a change in the index or base rate.
1 Yr T = 0.340%
The weekly average yield of U.S. Treasury securities adjusted to a constant maturity of 1 year, as published by the Federal Reserve Board.
Prime = 3.250%
The Prime rate as quoted in the Wall Street Journal - Money Rate section.
Legend
APR:
Annual Percentage Rate
ARM:
Adjustable Rate Mortgage
ARM Adjustment Formula:
Published base rate used as a reference point for potential future rate changes.
Life Cap:
The maximum interest rate change during the life of an ARM
LTV:
Loan to Value (Loan amount expressed as a percentage of purchase price or appraised value)
PMI:
Private Mortgage Insurance (downpayment insurance)
Points:
1 Point equals 1% of the mortgage amount
Review Cap:
The limit on rate adjustments at each adjustment date for an ARM
Saleable:
Loans that meet national market investor standards
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Interest rates and other terms are subject to change at any time.
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