Massena Savings & Loan

Loan Rates

Below are Massena Savings and Loan's current loan rates:

Last Updated: 1 October 2018

Conventional Real Estate Mortgages

Account Type Rate/APR Points Loan to Value % Max Term Index Caps
3 Year ARM 4.50% 0 Res 85% 25 yrs National Average Life: Max+6%, Min4.0%
3 Year ARM 7.50% 0 Rental 70% Mtg. Contract Rate Life: Max+6%, Min5%
5 Year ARM 4.50% 0 Res 85% 25 yrs National Average Life: Max+6%, Min4.0%
5 Year ARM 7.75% 0 Rental 70% Mtg. Contract Rate Life: Max+6%, Min5%
Fixed Rate 5.25% 0 Res 85% 15 yrs
Fixed Rate 8.00% 0 Rental 70% 15 yrs
Fixed Rate 5.75% 0 Res 85% 20 yrs
Fixed Rate 8.50% 0 Rental 70% 20 yrs
Fixed Rate 5.90% 0 Res 85% 25 yrs
Fixed Rate 9.50% 0 Rental 70% 25 yrs

Home Equity Lines of Credit

Account Type Rate/APR Points Loan to Value % Max Term Index Caps
HELC % 0 85% 5 yr Renewable Prime+ 1.50 Life: Max+6%, Min4%

Consumer Loans

Account Type Rate/APR Points Loan to Value % Max Term Index Caps
Home Improvement 9.00% Sec 100% 10 yrs Max 20,000
Home Improvement 14.00% Unsec 100% 10 yrs Max 20,000
Auto - New 3.50% Sec 100% of INV OR NADA RETAIL 6 yrs 2018 - 2016
Auto - Used 5.50% Sec 100% of INV OR NADA RETAIL 5 yrs 2015 - 2013
Auto - Used 6.75% Sec 100% of INV OR NADA RETAIL 4 yrs 2012 - Older
Other 6.50% Sec 100% 7-9 yrs
Other 7.00% Sec 100% 10-12 yrs
Other 7.50% Sec 100% 13-15 yrs
Other 12.00% Unsec 5 yrs
Fixed Deposit 4.5% Sec 90% 1-10 yrs
  • * Of appraised value or sale price, whichever is less.
  • ** Annual percentage rate same as interest rate.
  • **Rate/APR will be determined by credit score. (see below).
  • Tier 1 (score 700 - above) see rates above
  • Tier 2 (score 650 - 699) add 1% to rates above
  • Tier 3 (score 649 - below) add 3% to rates above
  • (Joint applicants will be based on higher score.)
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