WAINWRIGHT BANK & TRUST COMPANY
 

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Welcome to Wainwright Bank, once you've determined which loan is best for your particular needs and situation, you can conveniently and securely apply online.
Simply click the "Apply" button to the right of the Product Description below and follow the prompts on the page.
If you have any questions, please contact our Residential and Consumer Lending Department during regular business hours (Monday through Friday 8:30AM to 5:00PM) at 617-478-4000 or click here to contact us.
We look forward to serving your banking needs!

For a personalized rate quote, click here.

Fixed Rate Mortgages

Rates as of Thursday, July 2, 2009
Product Description Points Interest Rate APR Payment per $1,000 Payments Apply
WB&T 30YR Fixed Portfolio Product, with 2 points
30 Year Portfolio Product   2.000 5.625% 5.978% $5.76 Show Payments
WB&T 30YR Fixed Portfolio Product, with 1 point
30 Year Portfolio Product   1.000 5.875% 6.138% $5.92 Show Payments
WB&T 30YR Fixed Portfolio Product
30 Year Portfolio Product   0.000 6.125% 6.297% $6.08 Show Payments
30 Year Fixed, with 2 points
30 Year Conforming (1)   2.000 5.250% 5.593% $5.52 Show Payments
30 Year Fixed 1 Point
30 Year Conforming (1)   1.000 5.500% 5.755% $5.68 Show Payments
30 Year Fixed
30 Year Conforming (1)   0.000 5.750% 5.915% $5.84 Show Payments
15 Year Fixed, with 2 points
15 Year Conforming (1)   2.000 4.875% 5.353% $7.84 Show Payments
15 Year Fixed, with 1 point
15 Year Conforming (1)   1.000 5.125% 5.448% $7.97 Show Payments
15 Year Fixed
15 Year Conforming (1)   0.000 5.375% 5.544% $8.10 Show Payments
20 Year Refinance Loan
20 Year Refinance   0.000 6.000% 6.000% $7.16 Show Payments
15 Year Refinance Loan
15 Year Refinance   0.000 5.375% 5.375% $8.10 Show Payments
10 Year Refinance Loan
10 Year Refinance   0.000 5.125% 5.125% $10.67 Show Payments

Equity Loans

Rates as of Thursday, July 2, 2009
Product Description Points Interest Rate APR Payment per $1,000 Payments Apply
15YR Home Equity Loan
15 Year Equity   0.000 5.375% 5.375% $8.10 Show Payments
10 YR Home Equity Loan
10 Year Equity   0.000 5.125% 5.125% $10.67 Show Payments
5YR Home Equity Loan
5 Year Equity   0.000 5.075% 5.075% $18.91 Show Payments
The maximum loan amount on equity loans is $417,000.
 
 
Equity Lines 

Rates as of Thursday, July 2, 2009
Product Description Points Interest Rate APR Apply
Equity Line of Credit (2% Principal Plus Interest Payment Option)
2% Principal + Interest Option   0.000 4.000% 4.000%
Equity Line of Credit (Interest Only)
Interest Only Option   0.000 4.000% 4.000%
WSJ Prime Rate minus 1% for lines of $200,000 or more and WSJ Prime Rate minus .50% for lines under $200,000.
Subject to minimum APR of 4.00% and max APR of 18%. Requires Personal Relationship account and automatic deduction from a Wainwright Bank checking account.
For lines over $500,000 call for pricing. APR may change monthly.
For payment schedule on lines of credit or interest-only products, please contact our Residential and Consumer Lending Department at 617-478-4000.
 
Adjustable Rate Mortgages 

Rates as of Thursday, July 2, 2009
Product Description Points Interest Rate APR Payment per $1,000 Payments Apply
7 Year ARM Jumbo
7 Year Jumbo   0.000 5.750% 4.893% $5.84 Show Payments
5 Year ARM Jumbo
5 Year Jumbo   0.000 5.250% 4.450% $5.52 Show Payments
3 Year ARM Jumbo
3 Year Jumbo   0.000 5.125% 4.214% $5.44 Show Payments
7 Year ARM Conventional
7 Year Conventional   0.000 5.750% 4.893% $5.84 Show Payments
5 Year ARM Conventional
5 Year Conventional   0.000 5.000% 4.353% $5.37 Show Payments
3 Year ARM Conventional
3 Year Conventional   0.000 4.875% 4.152% $5.29 Show Payments
Interest-only Variable Rate Loan Jumbo
Interest-Only Jumbo   0.000 6.375% 4.783% $5.31 Show Payments
Adjustable Rate Mortgages are tied to the 1YR Treasury Index, plus a margin of 3.25%.
The rate and payment may increase after the initial fixed period.

(1) Assumes 20% down payment purchase of owner occupied single family dwelling, and borrowers with FICO scores greater than 740.  Adjustments may apply. These rates are subject to market and are therefore indicative only as of the time this rate sheet was published. Please call and ask for one of our Loan Officers for live, custom rate quote.  Loans must meet secondary market guidelines, and the loan will be sold. 45 day rate lock.
1-4 family owner occupied residences only; property insurance required; flood insurance may be required. APR calculated on 80% loan to value for a $100,000 loan. Prepayment penalty may apply. The rate and payment can increase after the initial fixed period on adjustable rate loans.
Please note: Our lending area for loans and mortgages is primarily Eastern Massachusetts.
Rates for Home Equity Loans, Refinance Loans, and Green Loans include automatic deduction of your monthly payment from a Wainwright Bank checking account. Contact the Bank for rates without automatic deduction.
Rates, Terms and Fees subject to change without notice.
 

Wainwright Bank & Trust Company, 63 Franklin Street, Boston, MA 02110-1301
617-478-4000 or 1-888-428-BANK

Equal Housing Lender
Equal Housing Lender

The SUM Program is administered by and a registered service mark of the NYCE Corporation.