Mortgage Loans

BCSB makes it easy for qualified buyers to buy, build, or refinance.

BCSB offers a wide variety of mortgage loans, including:

• See the chart below for a great rate on our Jumbo Mortgage for fixed rate loans of $560,000 or more
• Fixed or adjustable interest rates
• Terms up to 30 years
• Rate Lock Period: 50 days for purchase and 45 days for refinance
• Down payments as low as 5% on loan amounts up to $417,000
• Specializing in construction permanent loans
• Lot loans available

*If down payment is less than 20%, private mortgage insurance is required.

Call 410.256.5000 or click here to have a loan officer contact you.

Our Home Buying & Selling Calculators and Debt Calculators can help you decide on the right loan and payments for you.

Rates Effective as of September 5, 2008

Rates and terms subject to change without notice and may vary based on credit worthiness, loan to value, loan amount, etc., and to the extent valid for Maryland properties to which the loan differs from the one used for this mortgage quote only.
Additional loan types and terms available for qualified borrowers.

Fixed Rate Mortgage Loans
Term	Rate	Points	APR1	Max. Loan	Max. LTV Ratio2	Monthly Payment per $1000 Borrowed3
15-Year	6.000%	0.000	6.080%	$417,000	90%	$8.44
20-Year	6.250%	0.000	6.314%	$417,000	90%	$7.31
30-Year	6.375%	0.000	6.424%	$417,000	90%	$6.24
15-Year Jumbo	7.875%	0.625	8.007%	$1,000,000	80%	$9.48
30-Year Jumbo	8.375%	2.000	8.613%	$1,000,000	80%	$7.60

¹APR=Annual Percentage Rate

² LTV=loan-to-value. 80% LTV maximum for refinances and jumbo loans. For purchases, private mortgage insurance is required (PMI) on LTV’s in excess of 80%. 80% LTV maximum for all condominiums(refinances and purchases).

³ Escrow may be required. Escrow not included in cost per $1,000 amounts.

Click here for important Residential Mortgage information.