Mortgage Loans

Rates Effective as of Monday, February 06, 2012

Rates and terms subject to change without notice and may vary based on credit worthiness, loan to value, loan amount, etc. Rates are for primary single-family owner-occupied residences on Maryland properties only. Rate chart below is based on a loan amount of $200,000 to $249,000 and can differ from your loan request based on credit score, loan amount, loan to value, cash out, etc.
Additional loan types and terms available for qualified borrowers.

Fixed Rate Mortgage Loans
Term	Rate	Points	APR1	Max. Loan2	Max. LTV Ratio3	Monthly Payment per $1000 Borrowed4
15-Year	3.125%	0.875	3.407%	$417,000	90%	$6.97
30-Year	3.875%	0.375	3.994%	$417,000	90%	$4.70
15-Year *Conforming/Hi Balance	3.250%	0.500	3.396%	$625,500	80%	$7.03
30-Year *Conforming/Hi Balance	4.000%	0.500	4.084%	$625,500	80%	$4.77
15-Year Jumbo	5.500%	1.000	5.710%	$1,000,000	80%	$8.17
30-Year Jumbo	5.500%	1.000	5.624%	$1,000,000	80%	$5.68

¹ APR=Annual Percentage Rate

² Maximum loan amount may vary by county for Maryland

³ 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).

⁴ Escrow for real property taxes and insurance may be required. Escrow not included in cost per $1,000 amounts.

*Conforming high-balance loans maximum LTV %65, credit scores of 720 or above, and 6 months reserves required.

BCSB offers a wide variety of mortgage loans, including:

• Fixed terms up to 30 years
• Adjustable Rate Mortgages available upon request
• Rate Lock Period: 50 days for purchase and 45 days for refinance
• Specializing in construction permanent loans
• Lot loans available

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

Click here to view our loan officer Nationwide Mortgage Licensing System registration identification information.

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

Annual Percentage Rate (APR) is based on a minimum loan amount of $200,000 on conforming loans. Jumbo (non-conforming) loan APR calculation is based on a loan amount of $600,000, with a 20% down payment. Rates are for primary single-family owner-occupied residences on Maryland properties only. All purchase loans require a 10% or more down payment. Down payments of 10% available on loan amounts up to $625,500 with Private Mortgage Insurance (PMI). PMI is required on loan to values (LTVs) in excess of 80%. For refinances and jumbo loans there is a maximum loan to value (LTV) of 80%. For condominium purchase and refinances there is a maximum loan to value (LTV) of 80%. Adequate property and flood insurance may be required. All loan approvals are subject to BCSB’s normal underwriting standards.