Mortgage Loan Rates

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Mortgage Loan Rates  |  Personal Deposit Rates  |  Business Deposit Rates  |  Personal Loan Rates

Fixed Rate Mortgages (Purchase or Refinance) Rates effective as of September 30, 2023
Term Interest Rate Points APR Maximum
Loan Amount
Monthly Payments
Per $200,000 Borrowed:
30 Year 7.250% 0.00 7.334% $647,200 $1,364.35
20 Year 7.125% 0.00 7.233% $647,200 $1,565.64
15 Year 6.875% 0.00 7.008% $647,200 $1,783.71
10 Year 6.750% 0.00 6.936% $647,200 $2,296.48
The disclosed payment amount does not include taxes and insurance. The actual payment amount may be greater. Rates noted based on purchase of an owner-occupied single-family property in Rhode Island, Southeastern Massachusetts, and Eastern Connecticut are eligible. FICO score of 740 or greater. Down payment of less than 20% requires mortgage insurance for conventional products. Property insurance is required. Flood insurance where required. Annual Percentage Rate (APR) subject to change without notice and are dependent on loan terms. May include points, $13 flood certification fee, $474 origination fee, $375 underwriting fee, $650 settlement agent fee, and $88 tax service fee. APR based on a loan amount of $200,000. Approval subject to credit analysis.

ARM Residential Lending Rates

ARM Rates Rates effective as of September 30, 2023
ARM Term Interest Rates Points APR1 Monthly Payments
based on a loan amount
of $200,000
3-1 Months 1-36/Months 37-360 5.625%/8.250% 0.00 7.553% $1,151.31/$1,471.15
5/1 Months 1-60/
Months 61-360
6.250%/8.250% 0.00 7.507% $1,231.43/$1,471.84
5/5 Months 1-60/
Months 61-360
6.375%/7.250% 0.00 6.977% $1,247.74/$1,351.30
7/1 Months 1-84/
Months 85-360
6.500%/8.250% 0.00 7.402% $1,264.13/$1,464.20
10/1 Months 1-120/
Months 121-360
6.750%/8.250% 0.00 7.319% $1,297.19/$1,453.64

1Annual Percentage Rates (APR) are subject to change and may increase after consummation.  The index is the weekly average yield on U.S. Treasury Securities adjusted to a constant maturity of one-year.  Information about the index is available in the Federal Reserve Statistical Release H-15.  APRs are based on a 20% down payment, lower down payments are available and a minimum FICO score of 740.  Programs for applicants with FICO scores below 740 may be available.  Closing Costs apply.  Subject to credit approval.  Homeowners insurance is required.  Flood Insurance may apply.  Other programs and terms may be available.  Other terms and conditions apply.  Rates are available for 1 – 4 family primary residences in Rhode Island, Massachusetts, and Connecticut are eligible.  Payments do not include taxes and insurance.  Your payments may be greater. 
Please contact a Centreville representative at 401.821.9100 or 800.377.4424 for details.

Fixed Rate Jumbo Mortgages (Purchase or Refinance) Rates effective as of September 30, 2023
Term Interest Rate Points APR Minimum
Loan Amount
Monthly Payments
Per $200,000 Borrowed
30 Year 7.250% 0.000% 7.273% $726,201 $1,364.35
20 Year 7.125% 0.000% 7.155% $726,201 $1,565.64
15 Year 6.875% 0.000% 6.911% $726,201 $1,783.71
10 year 6.750% 0.000% 6.801% $726,201 $2,296.48
*The disclosed payment amount does not include taxes and insurance. The actual payment amount may be greater. Rates noted based on purchase of an owner-occupied single-family property in Rhode Island, Southeastern Massachusetts, and Eastern Connecticut are eligible. FICO score of 740 or greater. Down payment of less than 20% requires mortgage insurance for conventional products. Property insurance is required. Flood insurance where required. Annual Percentage Rate (APR) subject to change without notice and are dependent on loan terms. May include points, $13 flood certification fee, $474 origination fee, $375 underwriting fee, $650 settlement agent fee, and $98 tax service fee. APR based on a loan amount of $726,300. Approval subject to credit analysis.

Construction Mortgages

Contact a member of our Mortgage Team for rate and product information.

Home Equity Loans Rates effective as of September 30, 2023
Term APR1 Monthly Payment2
(payments shown do not include
taxes or insurance premiums
therefore payment
obligation will be greater)
APR with Auto-Pay3 Monthly Payment2
(payments shown do not include
taxes or insurance premiums
therefore payment
obligation will be greater)
10 yr 6.500% $11.35 6.250% $11.23
15 yr 6.625% $8.78 6.375% $8.64
1Annual Percentage Rate (APR) subject to change without notice.

2Per $1,000 Borrowed. Rate offer is subject to change at any time. Minimum loan amount $10,000, maximum loan amount $500,000. Maximum loan amount not to exceed 80% of property value on a 1-4 family owner occupied home. The payment on a 10-year Fixed-Rate Loan at 6.500% for $50,000 is 119 payments of $567.74 and a final payment of $567.74. The APR of 6.500% is fixed for the 10-year term. Payment does not include taxes and insurance premiums therefore payment obligation will be greater. Borrower responsible for property insurance. Subject to credit approval. Other terms available.

3APR indicated requires automatic payment from a Centreville Bank deposit account
HELOC Rates effective as of September 30, 2023
Loans up to 80% loan to value Loans over 80% loan to value Minimum Loan Amount Initial Disbursement
at Closing
8.75% APR3
Variable Based on Prime +0.25%
9.50% APR3
Variable Based on Prime + 1.00%
$10,000.00 N/A

3The Annual Percentage Rate (APR) is accurate as of 9/30/2023. The APR is variable and subject to change without notice based on the Prime Rate as published by The Wall Street Journal in effect on the last day of each month plus a margin of 0.25 basis point for loans up to 80% loan to value (LTV) and a margin of 1.00% for loans over 80% LTV.  Maximum LTV 90% . Discounted Rate: If you open and/or maintain a personal plus or personal premium checking account with auto payment, at the time of account closing, the rate will be discounted by 0.25 basis points.  If the account and/or auto payment are closed/discontinued the Discount Rate will cease and the original terms of the agreement will apply.  

Homeowners insurance is required. Flood insurance may be required.  Minimum loan amount $10,000, Maximum loan amount $1,000,000, amounts are subject to change without notice. Fees will apply if held in trust or with power of attorney ranging from $0.00 to $500. Title insurance is required on loans over $250,000 and in first position.  The premium is $2.50 per $1,000 in RI and MA and for loans in Connecticut the premium is $3.27 per $1,000 for loan amounts of $200,001 to $500,000 and $2.73 for loan amounts of $500,001 up to $1,000,000.  A Recapture Fee will be imposed If the account is paid off and closed within 24 months of the Agreement Date, the Bank will recapture the bona fide third-party charges paid by the lender, up to $350.00, in connection with the transaction. This is not a prepayment penalty.  Please consult a tax advisor regarding the deductibility of interest.  Available on one-to-four family, owner-occupied primary residence or second homes only. Rhode Island, Massachusetts and Connecticut properties are eligible only.  Annual maintenance of $50, which is waived if the tax reported owner opens and maintains a personal premium checking account.  Subject to credit approval.   Other conditions may apply.

Please contact a Centreville representative at 401.821.9100 or 800.377.4424 for details.