15-Year Fixed Rate Mortgage

3.125% | 3.193%APR*

Your homeport is a special place, isn’t it? With great deals in the housing market these days, coupled with historically low rates, it’s a fantastic time to be considering buying a new home. Salem Seaport has many different home loan products and can walk you through the process; it’s our personalized, one-on-one service that you’ll especially value. Whether you’re a first-time homebuyer or you’re looking to refinance your current mortgage, let us show you the many ways we can keep you on the right course.

Salem Seaport Credit Union has competitive rates and lots of advantages. They include:

  • Truly personalized service, from application to closing
  • Traditional mortgage loans
  • First-Time Homebuyer Program designed to help families with low-to-moderate income become homeowners

Fixed Rate Mortgages*

  • Terms of 10, 15, 20 and 30 years
  • Rates that remain constant over the life of the loan
  • Refinancing your current higher-interest-rate mortgage can save you thousands of dollars over the life of your loan
These Rates Accurate as of
TermRatesPointsAPRPmt Per $1,000
30 Year4.000%04.045%$4.77
20 Year3.750%03.810%$5.93
15 Year3.125%03.193%$6.97
10 Year2.990%03.112%$9.65

NOTE: The minimum loan amount for no points/no closing costs loans is $200,000. No points/no closing costs for Rate/Term refinances and limited cash-out refinances only.

*Based on a $250,000 loan with 80% LTV. Offer subject to credit approval. Rates subject to change without notice. Other terms & rates available. Maximum loan amount $417,000. Fixed rate mortgages. Must live or work in Essex County to be eligible for Membership. Other Fixed-Rate terms & rates available. Please call, 978-744-1153 or email

= Annual Percentage Rate. The rates quoted are subject to change without notice.

Adjustable Rate Mortgages***

Adjustable rate mortgages are available; please contact a loan officer at 978‑744‑1153 for current terms and rates.

  • Adjustable rate mortgages are available; whether you’re buying or refinancing
  • Competitive terms and rates

***APR based on a 20% downpayment. 2% Annual Cap - 6% Lifetime Cap - 2.75% Margin on Adjustable Rate Mortgages.

First-Time Homebuyer Program

  • Helps families with low to moderate incomes enjoy the benefits of becoming homeowners
  • Offers below-market rates with no closing costs, special down payment considerations and flexible underwriting guidelines
  • Available for the purchase of a one- to three-family, owner-occupied home
  • Certain restrictions apply


  • Our comprehensive real estate lending department can help you with most any type of real estate loan
  • Our prequalification process benefits you whether you’re just starting out or you’re looking to purchase another home
  • We can help you decide how much you can afford

Are you ready? Tap into another Salem Seaport member advantage: our help through the prequalification process. Let’s get started! As always, please don’t hesitate to contact us at 978.744.1153 or if you have any questions.