Deal of the Day: Institution for Savings Mortgage Rates at 3.125%

Institution for Savings

Individuals who are ready to purchase a new home have a number of challenges ahead of them. Along with the need to find a property they can call home, buyers need to find a financial institution offering an affordable mortgage loan rate.

Institution for Savings believes in helping its customers accomplish their homeownership goals by offering loans with affordable interest rates. For instance, qualified borrowers who secure a loan today can enjoy Institution for Savings mortgage rates as low as 3.125%.

Institution for Savings Mortgage Rates: Terms and Conditions

Institution for Savings is offering its amazing rate to individuals who take on 15-year terms. The rate comes with a 3.203% APR, zero points and would cost borrowers $6.97 per $1,000 borrowed.

Institution for Savings mortgage rates are based on a loan amount of $165,000 and a 20-percent down payment. The establishment assumes borrowers will have a credit score of 720 or higher.

About Institution for Savings

Institution for Savings was chartered in 1820 “for the purpose of receiving money on deposit and investing the same to the best advantage of the owners thereof.” When it opened, the establishment had a total of $465.10 on deposit. Almost two centuries later, assets total more than $1.4 billion.

Institution for Savings is a full-service financial institution with products and services that include deposit accounts, loans and online banking options. To learn more about the bank, contact one of its locations in Newburyport, Salisbury, Ipswich, Rowley, Topsfield and Byfield, Mass.

Click here to find competitive mortgage rates today.

Other Terms and Conditions may apply. Additionally, interest rates are based on the institution’s online published rates and may have changed since this offer was posted. Please contact the financial institution for the most recent rate updates and to review the terms of the offer.