Swansea, MA Mortgage Rates and Refinance Rates

Mortgages in Swansea, MA: Find the best Swansea, MA mortgage rates today from banks and credit unions. When results are displayed for mortgage rates in Swansea, MA, you can easily sort your search results by lender, rate, APR and points so you can easily compare results. Whether you’re looking for conforming, jumbo, adjustable or interest-only mortgage rates in Swansea, MA. Another option is searching for Swansea, MA refinance rates if you're looking to refinance a loan. Best of all you don't have to provide any personal information to see a list of Swansea, MA mortgage rates or refinance rates.

Search and Compare Swansea, MA Mortgage Rates & Refinance Rates



Swansea, Massachusetts Conforming Mortgage Rates and Refinance Rates

Conforming home mortgage rates in Swansea, MA are the most popular type of mortgages rates you can find advertised for home buyers in Swansea, MA. Conforming mortgages, also known as conventional mortgages, are mortgages that meet certain criteria set out by Federal Housing Finance Agency (FHFA). There is a loan limit set for each county in the United States. Higher mortgage loan limits are set for high housing cost areas. Swansea, MA mortgages that 'conform' to the standards set out by the Federal Housing Finance Agency can be purchased by government sponsored entities (GSE) like Freddie Mac and Fannie Mae. This process guarantees Swansea, MA banks, mortgage companies and credit unions are able to resell home mortgage loans that they make. This process also makes Swansea, MA conforming mortgage rates and refi rates lower than Swansea, MA jumbo mortgage rates and jumbo refinance rates because the GSE's can’t purchase jumbo mortgages that are made by Swansea, MA home finance companies, credit unions and banks.

Jumbo Mortgage Rates and Refinance Rates in Swansea, Massachusetts

Jumbo mortgage rates in Swansea, MA are advertised for home loans that have a dollar amount that is higher than conventional loan amounts. Jumbo mortgage rates and jumbo refinance rates are always higher than conventional mortgage rates for both fixed mortgage rates in Swansea, MA and adjustable mortgage rates in Swansea, MA. Interest rates are higher because third party investors buy the home loans credit unions, banks and mortgage companies in Swansea, MA make.

Swansea, Massachusetts Fixed Mortgage Rates and Fixed Refinance Rates

Swansea, MA fixed rate mortgages are the most common mortgage available to borrowers. With a fixed mortgage the interest rate stays the same for the entire loan period. Fixed mortgages are available in 40 years, 30 years, 20 years, 15 years and 10 years. The longer the mortgage term the lower the monthly mortgage payment will be.

Swansea, Massachusetts Adjustable Mortgage Rates

Adjustable Swansea, MA mortgage rates are fixed for a period of time and then the mortgage rate adjusts every year after. The most common adjustable mortgages terms available in Swansea, MA are 1 year, 3 year, 5year and 7 year. Adjustable rate mortgages are advertised as 1 year, 3/1, 5/1 and 7/1. Adjustable mortgages are available for conforming dollar amounts and jumbo dollar amounts in Swansea, MA. Most adjustable mortgages in Swansea, MA have yearly caps and life time maximum caps on how high the interest rate can fluctuate.



Google Map for Swansea, MA Rates & Resources


Swansea FDIC Insured Banks

Bank Name

FDIC Cert Number

Address

BankFive

23286 497 Milford Road, Swansea, MA 02777

Citizens-Union Savings Bank

90196 554 Wilbur Avenue, Swansea, MA 02777

Mechanics' Co-operative Bank

26634 201 Gar Highway, Swansea, MA 02777

Rockland Trust Company

9712 2388 Gar Highway, Swansea, MA 02777

Webster Bank, National Association

18221 One Firstfed Park, Swansea, MA 02777