The Bank will be closed on Monday February 18th in observation of President's Day. We will resume regular hours on our next business day. We wish you a safe and happy holiday.
Apply for a Mortgage

Home Loan Rates

Check out today's Home Loan Rates.

Home Loan Rates

Rates and APRs are subject to change without notice

All loans are subject to the Bank’s underwriting standards and credit approval. Additional restrictions may apply.
LENDER NMLS#543601

View our mortgage rates
HOME LOAN RATES
January 18, 2019
INTEREST RATE
ANNUAL PERCENTAGE
RATE (APR)
POINTS
PAYMENT PER $1,000
CONVENTIONAL MORTGAGE
30 YEAR TERM
4.125%
4.375%
4.272%
4.438%
1.00
-0-
$4.846
$4.992
20 YEAR TERM
4.000%
4.250%
4.203%
4.337%
1.00
-0-
$6.059
$6.192
15 YEAR TERM
3.625%
3.875%
3.883%
3.985%
1.00
-0-
$7.210
$7.334
10 YEAR TERM
3.750%
3.908%
-0-
$10.006
FIRST TIME HOME BUYER
30 YEAR TERM
4.125%
4.187%
-0-
$4.846
View our home equity rates
HOME EQUITY 
LOANS & LINES 
OF CREDIT

December 20, 2018
TERM
RATE
ANNUAL
PERCENTAGE
RATE (APR)
AMOUNT
PER $1000
QUALIFIERS
Variable Rate Home 
Equity Line of Credit*
5 year draw
10 year 
repayment
5.000% Prime** -
.50 first 12 months
then converts to prime
5.000%

Maximum APR 
18%
N/A
Single family 
or condo, 
primary residence.
Max LTV 80%
Minimum 
amount $10,000
15 year term / 
5 year draw
$25.00 Annual Fee
Fixed Rate Home 
Equity Line of Credit
5 year draw
10 year 
repayment
5.990%
5.990%
N/A
Single family 
or condo, 
primary residence.
Max LTV 80%
Minimum 
amount $10,000
15 year term / 
5 year draw
$25.00 Annual Fee
Home Equity Loan
5 years
10 years
15 years
3.750%
4.250%
4.500%
3.750%
4.250%
4.500%
$18.30
$10.24
$7.65
Single family 
or condo, 
primary residence.
Max LTV 80%
Minimum 
amount $10,000

Do you still have questions?

Interested in opening an account? Have a question? Let us know how we can help!

Contact Us Today

You are now leaving the Salem Co-operative Bank Website

The site you have chosen is independent from Salem Co-operative Bank. We do not control these websites and do not guarantee the accuracy, completeness and security of the information contained therein. Please be aware that the Privacy Policy of the linked website is not that of Salem Co-operative Bank’s Privacy Policy. Thank you.

Continue to the Site Go back to Salem Co-operative Bank