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Whether you are just starting out, or moving up to the home of your dreams,
Dime can make it happen. We enjoy helping families like yours become homeowners.
Dime offers personal
service and affordable rates. Lending
Disclosures
Contact Residential Lending:
Chuck
Treat, Senior Vice President
Karen Roman, Vice President
Denise Magario, Vice President
Meg Polubiatko, Assistant Vice President
Rates effective
are subject to change.
MORTGAGES FIXED & ADJUSTABLE RATES, REVERSE
MORTGAGES
|
Fixed Rates
|
|
Type
|
Rate
|
Points
|
Annual Percentage
Rate*
|
Number of
Monthly
Payments
|
Terms of
Repayment
Payment per
$10,000
|
|
15-Year
|
|
|
|
|
|
|
|
3.7500%
|
0
|
3.7501%
|
180
|
$72.72
|
|
|
3.5000%
|
1
|
3.6460%
|
180
|
$71.49
|
|
|
3.3750%
|
2
|
3.6679%
|
180
|
$70.88
|
|
20-Year
|
|
|
|
|
|
|
|
4.1250%
|
0
|
4.1250%
|
240
|
$61.26
|
|
|
4.0000%
|
1
|
4.1156%
|
240
|
$60.60
|
|
|
3.8750%
|
2
|
4.1066%
|
240
|
$59.94
|
|
30-Year
|
|
|
|
|
|
| |
4.2500%
|
0
|
4.2501%
|
360
|
$49.19
|
|
|
4.1250%
|
1
|
4.2089%
|
360
|
$48.46
|
|
|
3.8750%
|
2
|
4.0416%
|
360
|
$47.02
|
Rates last changed on date listed above and are subject to change without
notice.
These rates are valid for mortgages up to $417,000.00. For 1 family residential
properties.
*^ Annual Percentage Rate (APR) is based on a $10,000 loan with a 20%
downpayment.
Private Mortgage Insurance (PMI) is required for loans with a downpayment
less than 20%.
Other rates and terms are available. Please contact us for details on
our CHFA loan products.
|
Adjustable Rates
|
|
Type
|
Rate
|
Points
|
Annual
Percentage
Rate*^
|
Caps
|
Number of
Monthly
Payments
|
Terms of
Repayment
Payment per
$10,000
|
|
1 year
ARM (1)
|
4.375%
|
|
3.225%
|
2/6
|
360
|
$49.93
|
|
3/3 year
ARM (2)
|
4.750%
|
|
4.175%
|
2/6
|
360
|
$52.16
|
|
5/5 year
ARM (3)
|
5.000%
|
|
4.992%
|
2/6
|
360
|
$53.68
|
|
10/10 year
ARM (4)
|
5.625%
|
|
5.799%
|
2/4
|
360
|
$57.57
|
(*) Annual Percentage Rate (APR) may increase after consummation of loan.
(^)Annual Percentage Rate (APR) is based on a repayment period of 360
months, $10,000 loan with a 20% downpayment.
(1) 1% prepayment penalty if loan paid off with first three years. Rate
adjustment will occur annually.
(2) Rate adjustment will occur after the fixed period of every 3 yrs.
(3) Rate adjustment will occur after the fixed period of every 5 yrs.
(4) Rate adjustment will occur after the fixed period of every 10 years.
Rates last changed on date listed above are subject to change without
notice.
These rates are valid for first mortgages up to $417,00.00, for 1-4 family
owner-occupied residential properties.
Private Mortgage Insurance (PMI) is required for loans with a downpayment
less than 20%.
Other rates and terms are available. Please contact us for details on
our CHFA loan products.
Jumbo mortgages available.
|
Fixed & Adjustable Rate Mortgage Fees
|
|
$300.00 Application Fee
$375.00 Appraisal fee (based on average cost)
|
Return to Personal Banking | Go
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CONSTRUCTION LOANS
Dime offers several options for construction mortgages. Please contact
any one of our convenient branches to speak with a loan officer for more
details.
|
Fixed Rate Construction Loans
|
|
Type
|
Rate
|
Points
|
Annual Percentage
Rate*
|
Number of
Monthly
Payments
|
Terms of
Repayment
Payment per
$10,000
|
|
15-Year
|
|
|
|
|
|
|
|
4.8750%
|
0
|
4.8750%
|
180
|
$78.43
|
|
|
4.6250%
|
1
|
4.7757%
|
180
|
$77.14
|
|
|
4.5000%
|
2
|
4.8024%
|
180
|
$76.50
|
|
20-Year
|
|
|
|
|
|
|
|
5.2500%
|
0
|
5.2501%
|
240
|
$67.38
|
|
|
5.0000%
|
1
|
5.1201%
|
240
|
$66.00
|
|
|
4.8750%
|
2
|
5.1156%
|
240
|
$65.31
|
|
30-Year
|
|
|
|
|
|
| |
5.6250%
|
0
|
5.6250%
|
360
|
$57.57
|
|
|
5.3750%
|
1
|
5.4655%
|
360
|
$56.00
|
|
|
5.2500%
|
2
|
5.4309%
|
360
|
$55.22
|
Rates last changed on date listed above are subject to change without
notice.
These rates are valid for first mortgages up to $417,00.00, for 1-4 family
owner-occupied residential properties.
|
Adjustable Rate Construction Loans
|
|
Type
|
Rate
|
Points
|
Annual
Percentage
Rate^*
|
Caps
|
Number of
Monthly
Payments
|
Terms of
Repayment
Payment per
$10,000
|
|
3/3 year
ARM (1,2)
|
4.750%
|
|
4.175%
|
2/6
|
360
|
$52.16
|
|
5/5 year
ARM (1,3)
|
5.000%
|
|
4.992%
|
2/6
|
360
|
$53.68
|
|
10/10 year
ARM (1,4)
|
5.625%
|
|
5.799%
|
2/4
|
360
|
$57.57
|
3, 5 and 10-year adjustable rate mortgage products can be used for a
construction loan.
^ Annual Percentage Rate (APR) is based on a $10,000 loan with a 20% downpayment.
APRs* above do not reflect the construction loan period (1)
(1) 1% prepayment penalty if loan paid off within first three years.
(2) Rate adjustment will occur after the fixed period of every 3 yrs.
(3) Rate adjustment will occur after the fixed period of every 5 yrs.
(4) Rate adjustment will occur after the fixed period of every 10 years.
Rates last changed on date listed above are subject to change without
notice.
These rates are valid for first mortgages up to $417,00.00, for 1-4 family
owner-occupied residential properties.
Construction Loan Fees:
$300.00 Application Fee and $375.00 Appraisal Fee (Based on average cost)
$600.00 Inspection Fee for up to 6, then $100.00 each thereafter
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JUMBO MORTGAGES
|
Fixed Rate Jumbo Mortgages*
|
|
Rate
|
Annual
Percentage
Rate*
|
Term (1)
|
Number of
Monthly
Payments
|
Terms of
Repayment
Payment per
$10,000
|
|
5.500%
|
5.5001%
|
15 Years
|
180
|
$81.71
|
|
5.750%
|
5.7501%
|
30 Years
|
360
|
$58.36
|
* Maximum LTV 70%
No prepayment penalty
Acceptable purpose: purchase and refinance. Construction loans will be
considered.
Rates last changed on date listed above are subject to change without
notice.
These rates are valid for first mortgages over $417,00.00, for 1-4 family
owner-occupied residential properties.
|
Fixed Rate Jumbo Mortgage Fees
|
|
$300.00 Application Fee
$375.00 Appraisal fee (based on average cost)
|
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REVERSE MORTGAGES
A Reverse Mortgage helps older Americans (age 62 and older) achieve financial
security by using the equity they’ve accumulated in their homes
to improve the quality of their life. By converting equity into
income, a Reverse Mortgage is a way to stay in your home and receive cash
to use for any purpose – whether it’s day-to-day living expenses,
home remodeling or repair, paying off your existing mortgage or debt,
earning a college degree, or traveling the world. You are able to retain
the title and remain living in your home. For a brochure or more
details, contact Karen Roman, Denise Magario, Donna Ceccarelli or Kathy
Morano at (860) 859-4300.
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LAND LOANS
|
Approved Building Lots
|
|
Type
|
Rate
|
Points
|
Annual Percentage Rate*^
|
Caps
|
Number of Monthly Payments
|
Terms of Repayment
Payment per $10,000
|
|
1 year
ARM (1)
|
5.500%
|
|
4.328%
|
2/6
|
180
|
$81.71
|
|
3/3 year
ARM (2)
|
5.750%
|
|
5.300%
|
2/6
|
180
|
$83.04
|
|
5/5 year
ARM (3)
|
6.000%
|
|
5.951%
|
3/6
|
180
|
$84.39
|
*Annual Percentage Rate (APR) may increase after consummation of loan.
^ Annual Percentage Rate (APR) is based on a repayment period of 180 months
(maximum term), $10,000 loan with a 30% (required) downpayment.
(1) Rate adjustment will occur annually.
(2) Rate adjustment will occur after the fixed period of every 3 yrs.
(3) Rate adjustment will occur after the fixed period of every 5 yrs.
Rates last changed on date listed above and are subject to change without
notice.
Fees:
$300.00 Application fee, No Processing Fee
$375.00 Appraisal fee (Based on average cost), No Underwriting Fee
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HOME EQUITY LOANS
|
Fixed Rate Home Equity Loan
|
|
Rate
|
Annual
Percentage
Rate*
|
Term (1)
|
Number of
Monthly
Payments
|
Terms of
Repayment
Payment per
$10,000
|
|
5.000%
|
5.000%
|
5 Years
|
60
|
$188.71
|
|
5.250%
|
5.250%
|
10 Years
|
120
|
$107.29
|
|
5.750%
|
5.750%
|
15 Years
|
180
|
$83.04
|
* Annual Percentage Rate (APR) is based on zero points, a $10,000 loan
with equity of 20% (if applicable)
Rates last changed on date listed above and are subject to change without
notice.
A maximum of 80% of value may be borrowed.
(1) There is a no prepayment penalty applied to this loan type.
|
Home Equity Line of Credit
|
|
As of
, the current APR* for new Home Equity Lines of Credit is 4.50%**,
which is the current minimum rate. Home Equity Lines of Credit have
a term of 9 years and 10 months. The APR is variable each day and
based on an Index equal to the Prime Rate as published in the Northeastern
edition of The Wall Street Journal.
As of
, Prime Rate is 3.25% APR*.
If the Prime Rate exceeeds 5.00%, the following tiered balances/rates
will then apply:
For loan balances of $50,000 and over, the APR is the Index minus
0.50% (as of
, the APR would be 4.50%).
For loan balances of $25,000 up to $49,999, the APR is the Index
(as of
, the APR would be 5.00%).
For loan balances of $24,999 and below, the APR is the Index plus
0.50% (as of
, the APR would be 5.50%).
Maximum APR is 15%; **minimum APR is 4.50%. Annual fee is
$50.00. A 1% prepayment penalty, based on the approved Line of Credit,
applies if account is closed within three years. Minimum loan amount
is $10,000. Maximum allowable loan to value is 80%. Flood insurance
required if applicable. Other terms and conditions may apply. Offer
valid for lines of credit approved as of
.
Consult a tax advisor regarding the deductibiity of interest.
|
*Annual Percentage Rate.
Rates disclosed are estimates.
|
Home Equity Fees *
|
|
• NO Application Fee
|
|
• NO Processing Fee
|
|
• NO Underwriting Fee
|
|
• NO Closing Fee
|
|
• NO Appraisal Fee
|
|
*Hazard Insurance required
|
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"CHAMP" - CREATING HOUSING - AFFORDABLE
MORTGAGE PROGRAM
Dime Bank is dedicated to meeting the housing needs of the low and moderate-income
population in its community. Learn more about "CHAMP", our flexible
loan program.
Go to CHAMP
ONE - FOUR FAMILY / NON-OWNER OCCUPIED
|
Adjustable Rates
|
|
Type
|
Rate
|
Points
|
Annual
Percentage
Rate*^
|
Caps
|
Number of
Monthly
Payments
|
Terms of
Repayment
Payment per
$10,000
|
|
1 year
ARM (1)
|
6.000%
|
|
4.407%
|
2/6
|
300
|
$64.43
|
|
3/3 year
ARM (2)
|
6.375%
|
|
5.383%
|
2/6
|
300
|
$66.74
|
|
5/5 year
ARM (3)
|
6.500%
|
|
6.150%
|
3/6
|
300
|
$67.52
|
|
10/10 year
ARM (4)
|
7.125%
|
|
7.125%
|
3/6
|
300
|
$71.48
|
20% down payment is required on non-owner occupied mortgages.
ADJUSTABLE RATE MORTGAGE MAXIMUM LOAN AMOUNT IS $750,000.
(*) Annual Percentage Rate
(**) Annual Percentage Rate may increase after consumation of loan.
(1) 1% prepayment penalty if loan paid off within three years. Rate adjustment
will occur annually.
(2) Rate adjustment will occur after the fixed period of every three years.
(3) Rate adjustment will occur after the fixed period of every five years.
(4) Rate adjustment will occur after the fixed period of every ten years.
Fees:
$300.00 Application fee
$375.00 Appraisal fee - additional fee may apply for multi-family homes.
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PERSONAL LOANS
Minimum loan amount:$1,000.00
|
Dime Deposit Account Holder
|
|
Number of Monthly
Payments
|
Rate
|
Annual
Percentage
Rate
|
Terms of
Repayment
Payment per
$1,000
|
|
12
|
10.00%
|
10.00%
|
$87.92
|
|
24
|
10.00%
|
10.00%
|
$46.14
|
|
36
|
10.00%
|
10.00%
|
$32.27
|
|
Non Dime Deposit Account Holder
|
|
Number of
Monthly
Payments
|
Rate
|
Annual
Percentage
Rate
|
Terms of
Repayment
Payment per
$1,000
|
|
12
|
12.00%
|
12.00%
|
$88.85
|
|
24
|
12.00%
|
12.00%
|
$47.07
|
|
36
|
12.00%
|
12.00%
|
$33.21
|
These interest rates and other loan terms are in effect as of the date
shown above. We may adjust any of our loan terms and rates at any time
without notice. Please call to obtain today's rates.
Other terms are also available.
Contact one of our Customer Service Representatives for our terms and
rates for Automobile Loans.
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|
