Whether it’s downtown trendy or spacious suburban, you decide. Our friendly lenders are here to help you make it a reality.
Key Features
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Competitive Rates
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Flexible Repayment
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Local Processing
- Competitive rates for home purchase, refinance, or construction
- Available for primary residence, second homes, vacation homes, or investment properties
- A wide range of terms customized to your unique situation
- Let us find the right program for you:
- Fixed-rate mortgages
- Adjustable-rate mortgages (ARMs)
- First-time homebuyer specials
- FHLBank loan
- Free pre-approval for extra confidence when buying your home
- Refinance your current home to potentially lower your rate
- Quick, local decision-making and processing
- Helpful loan advisors with working knowledge of the Greater Boston real estate market
Avaliable Nationwide — Contact Us for More Information
FHA Loans
A great choice for purchase and refinancing for those with less-than-perfect credit, insured by the Federal Housing Administration (FHA).
- Down payments as low as 3.5% for single family, condo and 2-4 unit properties
- Easier credit and income requirements. Credit scores allowed as low as 500
- Very competitive interest rates.
- Popular with first-time homebuyers
VA Loans
Designed to honor and support our veterans and active-duty service members with exclusive benefits
- No down payment needed for purchases
- Up to 100% Loan To Value for cash-out refinance
- No monthly private mortgage insurance (PMI)
- Insured by the U.S. Department of Veterans Affairs
FHA and Fannie Mae Rehab Loans
- Purchase or refinance a property and borrow the funds needed for renovation
- Flexible guidelines to accomodate your financing needs
FHA Reverse Mortgage
For homeowners 62 and older, this option lets you access home equity while staying in your home.
- No monthly mortgage payments required for as long as your live in your home
- Recieve cash at closing, an avaliable line of credit or a lifetime monthly stipend. Or any combination of thse
- Stay in your home as long as it's your primary residence. Must pay property taxes, homeowner's insurance and general upkeep
- You maintain ownership of your home and stay on the deed
Home Possible ® and Home Ready Mortgages
Affordable mortgage options tailored for low-to-moderate income borrowers, including first-time buyers
- 3% minimum down payment for owner-occupied single-family properties and condos
- Flexible credit requirements
- Reduced interest rates
- Options for 2-4 unit properties
Non-QM/Non-Traditional Mortgages
Flexible alternatives to traditional mortgages for borrowers with unique financial profiles
- ideal for self-employed borrowers using non-traditional income doccumentation
- Tailored to non-standard credit or employment histories
- Unique properties can be accomodated for owner-occupied or investment properties
- Unique financing situations can be accomodated for owner-occupied or investment properties
| Program | Rate | APR* | Points | Payment Per $1,000 |
|---|---|---|---|---|
| 30 Year Fixed Conventional* | 6.250% | 6.491% | 0.000% | $6.16 |
| 15 Year Fixed Conventional** | 5.625% | 6.018% | 0.000% | $8.24 |
| 10 Year Fixed Conventional*** | 5.500% | 6.057% | 0.000% | $10.85 |
Important Loan Information
Programs, rates, terms, and conditions are subject to change without notice. These rates are for a purchase transaction and assume an 80% LTV, a 740 credit score, zero points paid, closing costs of $5,000 and a loan amount of $200,000. Rates are not guaranteed; your actual rate may vary based on your unique credit history, loan purpose, and other variable market conditions.
Not all applicants will qualify, and all loans are subject to underwriting approval. Additional fees may apply.
*A 30-year fixed rate of 6.25% has a payment per thousand of $6.16.
**A 15-year fixed rate of 5.625% has a payment per thousand of $8.24.
***A 10-year fixed rate of 5.50% has a payment per thousand of $10.85.
The payment amounts listed do not include taxes and insurance; therefore, your actual payment obligation may be higher.
Tremont Credit Union membership is required, and members must open and maintain a deposit account with a deposit balance of $5.00. As a credit union, we lend within a limited area; please consult your Loan Officer to confirm whether your loan meets membership requirements.
Not all applicants will qualify, and all loans are subject to underwriting approval. Additional fees may apply.
Tremont Credit Union acts as a loan broker in some cases. Tremont Credit Union may or may not be the lender of record or loan servicer for a loan.
Adjustable Rate Mortgages
| Term | Rate | APR* | Points | Payment Per $1,000 |
|---|---|---|---|---|
| 5/6* | 5.750% | 5.984% | 0.000% | $5.84 |
| 10/6** | 5.990% | 6.228% | 0.000% | $5.99 |
*5/6 Adjustable Rate Mortgage - Important Loan Information
Programs, rates, terms, and conditions are subject to change without notice. These rates are for a purchase transaction and assume an 80% LTV, a 740 credit score, zero points paid, closing costs of $5,000 and a loan amount of $200,000. Rates are not guaranteed; your actual rate may vary based on your unique credit history, loan purpose, and other variable market conditions.
Not all applicants will qualify, and all loans are subject to underwriting approval. Additional fees may apply
The 5/6 ARM is an adjustable-rate mortgage. The initial rate is fixed for 5 years and then adjusts every six months thereafter by adding 2.75% to the index (the 1year SOFR). This rate is a discounted rate and will increase in the future.
Your initial rate of 5.75% has a payment per thousand of $5.84 and will remain fixed for the first five years of your loan. In year six it would adjust to 6.38% and remain at 6.38% for the remainder of the loan if nothing changes. A rate 6.38% of has a payment per thousand of $6.24. These payments do not include property taxes or homeowners insurance so your payment will be higher.
Tremont Credit Union membership is required, and members must open and maintain a deposit account with a deposit balance of $5.00. As a credit union, we lend within a limited area; please consult your Loan Officer to confirm whether your loan meets membership requirements.
Tremont Credit Union acts as a loan broker in some cases. Tremont Credit Union may or may not be the lender of record or loan servicer for a loan.
**10/6 Adjustable Rate Mortgage - Important Loan Information
Programs, rates, terms, and conditions are subject to change without notice. These rates are for a purchase transaction and assume an 80% LTV, a 740 credit score, zero points paid, closing costs of $5,00 and a loan amount of $200,000. Rates are not guaranteed; your actual rate may vary based on your unique credit history, loan purpose, and other variable market conditions.
Not all applicants will qualify, and all loans are subject to underwriting approval. Additional fees may apply.
The 10/6 ARM is an adjustable-rate mortgage. The initial rate is fixed for 10 years and then adjusts every six months thereafter by adding 2.75% to the index (the 1year SOFR). This rate is a discounted rate and will increase in the future. Your initial rate of 5.99% has a payment thousand of $5.99 and will remain fixed for the first ten years of your loan. If everything remains the same in year ten this rate would adjust to 6.38% and remain at 6.38% for the remainder of the loan if nothing changes. A rate of 6.38% has a payment per thousand of $6.24. These payments do not include property taxes or homeowners insurance so your payment will be higher.
Tremont Credit Union membership is required, and members must open and maintain a membership account with a minimum deposit of $5.00. As a credit union, we lend within a limited area; please consult your Loan Officer to confirm whether your loan meets membership requirements.
Tremont Credit Union acts as a loan broker in some cases. Tremont Credit Union may or may not be the lender of record or loan servicer for a loan.
For fixed mortgage loans over $766,500 (also known as “jumbo mortgage") please call us at 781.843.5626
A Tremont Credit Union Regular Savings Account (membership share) is required to be open and maintained with a balance of at least $5.
Rates are subject to change without notice.