Certificate (Savings and IRA)
Certificates & IRAs
These certificate, money market and IRA investment account rates are effective as of 5/4/2023.
Term | Dividend Rate | Annual Percentage Yield |
---|---|---|
6 Month | 1.48% | 1.50% |
9 Month | 0.99% | 1.00% |
12 Month | 1.73% | 1.75% |
**15 Month Special** | 4.40% | 4.50% |
18 Month | 1.98% | 2.00% |
24 Month | 2.10% | 2.13% |
36 Month | 2.22% | 2.25% |
48 Month | 2.46% | 2.50% |
60 Month | 2.71% | 2.75% |
IRA Savings Account
Effective as of 5/4/2023.
Product | Dividend Rate | Annual Percentage Yield |
---|---|---|
Savings | 0.14% | 0.15% |
Disclosures
IRA/Savings Certificate
There is a $500 minimum requirement to open and a minimum balance requirement of $500 to earn the advertised annual percentage yield. A penalty will be imposed for early withdrawal. Effective fees may reduce dividend earned. See fee schedule.
**15 Month Special rate promotion subject to end without notice. $500 minimum requirement to open and minimum of $500 to earn the advertised APY. Rolls over to a 12-month term at maturity at prevailing rate. A penalty will be imposed for early withdrawal. Effective fees may reduce dividends earned.
IRA Savings Account
There is a $5 minimum balance requirement to open the account and that minimum balance must be maintained to earn the advertised annual percentage yield. Effective fees may reduce dividend earned. See fee schedule.
APY = Annual Percentage Yield
Rate Information
The dividend rate and annual percentage yield may change at any time, as determined by the Credit Union Board of Directors.
Mortgage
Get a quote for our fixed rate, adjustable rate and jumbo mortgages.
Mortgage Rates
TODAY'S FEATURED RATES
Conventional
Home Equity
Mortgage Products And Disclosures
Fixed-Rate First Mortgage
- The actual interest rate and fees available to you will be based on your credit profile, property type, loan-to-value and other factors, and may be different than the rates advertised here
- The interest rates, annual percentage rates (APRs), points and rebates shown are subject to change without notice. Rates available for owner-occupied family residences
- The monthly payment amount shown includes principal and interest. Taxes, property insurance, and flood and mortgage insurance (if applicable) are not included in the monthly payment amount. Your actual monthly payment may be higher. An escrow account may be required
- Your APR will vary based on your final loan amount and finance charges
- Maximum 95% LTV for purchases. PMI will be required over 80% LTV
Adjustable Rate First Mortgage (ARM)
- The actual interest rate and fees available to you will be based on your credit profile, property type, loan-to-value and other factors, and may be different than the rates advertised here
- Payments do not include amounts for tax and insurance premiums (including flood insurance), if applicable, and the actual payment obligation may be greater
- Maximum 95% LTV for purchases. PMI will be required over 80% LTV
- Maximum loan amount is $453,100 for single family home
- Adjustable rate mortgages use the 1 Year Treasury Constant Maturity as the index, caps 2% and 6% and a floor of 2.75%
- 5/1 ARM has an interest rate that is initially fixed for five years then adjusts annually thereafter
- 7/1 ARM has an interest rate that is initially fixed for seven years then adjusts annually thereafter
Jumbo First Mortgage
- Payments do not include amounts for tax and insurance premiums, if applicable, and the actual payment obligation may be greater
- Available on mortgages over $424,100 for single family home
- Property and casualty insurance required. Flood insurance required if property in flood zone
- Maximum 90% LTV for purchases. PMI will be required over 80% LTV
MassHousing with Private Mortgage Insurance
- Up to 97% financing with no cash required on single family homes
- Up to 95% financing on 2-, 3-, and 4-family homes.
- Fixed rate terms; as little as 3% down
- Maximum income limits vary by city or town
- MI Plus™ mortgage insurance helps pay the mortgage in case of job loss
- Non-traditional credit allowed
Massachusetts Housing Partnership – One Mortgage
- No Private Mortgage Insurance (PMI) required
- 3% down payment—1.5% can be from a gift. Lower rates than conventional mortgages
- Property and casualty insurance required. Flood insurance required if property in flood zone
- Income restrictions apply
FHA Loan
- 5% down payment—can be from a gift or a Down Payment Assistance Program (DAP). Check with your city or town to see if they offer a DAP
- No need to qualify for Mortgage Insurance Program separately
- Lower rates than conventional mortgages
- Non-occupied, co-borrower allowed
- Debt-to-income ratio up to 55%
USDA Loan
- No down payment required
- Low monthly guaranteed fee required (lower than PMI on conventional or FHA loan)
- Income and location restrictions apply
VA Loan
- No down payment required
- No monthly mortgage insurance; one-time funding fee
Membership eligibility requirements apply.
Home Equity
Home Equity Lines Of Credit
Our home equity lines of credit rates are effective as of 5/4/2023.
Home Equity (80 Ltv)
Product/Terms | APR* | Payment Per $1,000 Borrowed |
---|---|---|
Home Equity Line of Credit** | 7.75% | Revolving |
Special Intro Rate+ | 1.95% | 12-month |
Home Equity Loan (80 Ltv)
Product/Terms | APR* | Payment Per $1,000 Borrowed |
---|---|---|
1–5 years, fixed rate | 5.50% | $19.10 (60 mo.) |
6–10 years, fixed rate | 5.75% | $10.98 (120 mo.) |
11–15 years, fixed rate | 6.00% | $ 8.44 (180 mo.) |
For more information, call us 413-739-6961 or email us at mortgage@freedom.coop.
*Annual Percentage Rate. Payments do not include amounts for tax and insurance premiums, if applicable, and the actual payment obligation may be greater.
**Variable Rate with a maximum potential rate of 15%. The Rate is based on Prime Rate as published in the Wall Street Journal on the first business day of each month MINUS .50%, not to go below 3% (floor rate). Mortgage recording fee paid by borrower.
+Special Intro Rate effective 5/4/2023 and good for 12 months with autopay from a Freedom account. Promotional intro rate subject to end without notice and based on qualified credit. After 12 months, HELOC up to 80% LTV becomes a line of credit with a variable rate ranging from 3% APR to a maximum potential rate of 15%. APR is based on Prime Rate as published in the Wall Street Journal on the 1st business day of each month MINUS .50%. Borrow up to 80% of the equity in your house. Minimum loan amount $10,000. Mortgage recording fee paid by the member. Available on 1–4 family owner occupied properties. Property and casualty insurance required. Flood insurance required if property in flood zone.
Home Equity (80 LTV) Disclosures
Home Equity Line of Credit (variable rate)
- Variable rate with a maximum potential rate of 15%. The rate is based on Prime Rate as published in the Wall Street Journal on the first business day of each month MINUS .50%, not to go below 3% (floor rate)
- Borrow up to 80% of the equity in your home. Minimum loan amount $10,000.
- Mortgage recording fee paid by the member. Available on 1–4 family owner occupied properties
- Property and casualty insurance required. Flood insurance required if property in flood zone
Fixed-Rate Home Equity Loan
- Borrow up to 80% of the equity in your home. Minimum loan amount $10,000.
- Mortgage recording fee paid by the credit union. Available on 1–4 family owner occupied properties
- Property and casualty insurance required. Flood insurance required if property in flood zone
Home Equity (100 Ltv)
Product/Terms | APR* | Payment Per $1,000 Borrowed |
---|---|---|
Home Equity Line of Credit** | 8.75% | Revolving |
Special Intro Rate+ | 2.95% | 12-month |
Home Equity Loan (100 Ltv)
Product/Terms | APR* | Payment Per $1,000 Borrowed |
---|---|---|
1–5 years, fixed rate | 6.50% | $19.57 (60 mo.) |
6–10 years, fixed rate | 6.75% | $11.48 (120 mo.) |
11–15 years, fixed rate | 7.00% | $8.99 (180 mo.) |
For more information, call us 413-739-6961 or email us at mortgage@freedom.coop.
*Annual Percentage Rate. Payments do not include amounts for tax and insurance premiums, if applicable, and the actual payment obligation may be greater.
**Variable Rate with a maximum potential rate of 15%. The Rate is based on Prime Rate as published in the Wall Street Journal on the first business day of each month PLUS .50%, not to go below 4% (floor rate). Mortgage recording fee paid by borrower.
+Special Intro Rate effective 5/4/2023 and good for 12 months with autopay from a Freedom account. Promotional intro rate subject to end without notice and based on qualified credit. After 12 months, HELOC 80.01–100% LTV becomes a line of credit with a variable rate ranging from 4% APR to a maximum potential rate of 15%. APR is based on Prime Rate as published in the Wall Street Journal on the 1st business day of each month PLUS .50%. Borrow up to 100% of the equity in your house. Minimum loan amount $10,000. Mortgage recording fee paid by the member. Available on 1–2 family owner-occupied properties. Property and casualty insurance required. Flood insurance required if property in flood zone.
Home Equity (100 Ltv) Disclosures
Home Equity Line of Credit (variable rate)
- Variable rate with a maximum potential rate of 15%. The rate is based on Prime Rate as published in the Wall Street Journal on the first business day of each month PLUS .50%, not to go below 4% (floor rate).
- Borrow up to 80.01–100% of the equity in your home. Minimum loan amount $10,000.
- Mortgage recording fee paid by the member. Available on 1–2 family owner-occupied properties.
- Property and casualty insurance required. Flood insurance required if property in flood zone.
Fixed-Rate Home Equity Loan
- Borrow up to 80.01–100% of the equity in your home. Minimum loan amount $10,000.
- Mortgage recording fee paid by the credit union. Available on 1–2 family owner-occupied properties.
- Property and casualty insurance required. Flood insurance required if property in flood zone