North Scituate, MA Mortgage Rates - September 2026
Brian McKay
Brian McKay
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Current 30-year fixed mortgage rates in North Scituate, Massachusetts include Institution for SavingsInstitution for SavingsA+5.0 ★Texas Ratio: 0.22% at 5.50%, Florence BankFlorence BankA+5.0 ★Texas Ratio: 2.70% at 5.62%, Commonwealth Co-operative BankCommonwealth Co-operative BankA+5.0 ★Texas Ratio: 2.29% at 5.99%, First Citizens Federal Credit UnionFirst Citizens Federal Credit UnionA+5.0 ★Texas Ratio: 1.15% at 6.00%, and St Annes Credit UnionSt Annes Credit UnionA+5.0 ★Texas Ratio: 1.33% at 6.12%. Mortgage rates as of September 22, 2026 according to verified data from MonitorBankRates.
North Scituate borrowers can compare 325 mortgage rates from 64 lenders serving the Massachusetts area, with mortgage rates as low as 5.50% from Institution for Savings. Use the tabs below to compare available loan types. Rates are continually updated, so we recommend checking back frequently.
Mortgage Rates reflect actual verified offers from lenders actively lending to Massachusetts borrowers. Your final approved rate will depend on your credit profile, loan-to-value ratio, and daily market movements. Last Updated and Verified: September 22, 2026
Compare Mortgage Rates Today in North Scituate, Massachusetts & the Surrounding Area
North Scituate 30 Year Fixed Mortgage Rates
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Minimum loan amount is $100,000. Payments do not include property taxes or insurance. Your payment may be greater if the loan is secured by a first lien. Property insurance is required. Flood insurance may be required. All rates are subject to change without notice. Other restrictions may apply.
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Up to 89% financing with no mortgage insurance required.
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Term: 30-Year Fixed Rate With No LLPA's
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11% Down1; Special Offer; Composite APR includes prepaid finance charges such as, $88.00 Tax Service Fee, $80.00 Hazard Tracking Fee, $14.50 Flood Certificate Fee, and $200.00 Employment/Income Verification Fee.
20% Down; Max. Loan Amount: See note 1
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CAPS: N/A
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CAPS: N/A
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As low as
Rates, terms, and fees as of 9/18/2026 10:15 AM Eastern Daylight Time and subject to change without notice. Select a product to view important disclosures, payments, assumptions, and APR information. Please note we offer additional home loan options not displayed here.
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Caps: N/A
Owner Occupied Only
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North Scituate 15 Year Fixed Mortgage Rates
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Add .25% for loans less than $100,000. Minimum loan amount is $100,000. Payments do not include property taxes or insurance. Your payment may be greater if the loan is secured by a first lien. Property insurance is required. Flood insurance may be required. All rates are subject to change without notice. Other restrictions may apply.
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Rates are effective September 17, 2026 and are subject to change at any time. Rates apply to Conforming mortgages and must meet secondary market guidelines. Conforming Purchase loan sizes up to $806,500.00 on one-unit properties. Conforming rates and APR based on $806,500.00 Purchase loan amount with FICO credit scores of 740 and loan to value no greater than 75%. Sample Rates are shown. Rates are based on certain factors including loan amount, creditworthiness, loan-to-value (LTV), loan purpose, etc., and your rate may be higher. Additional loan programs are available.
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Rates and APRs effective August 3, 2026 and are subject to change without notice. Rates, APR, payments, and fees are based on 25% down payment and excellent credit history. Your actual interest rate, APR, payment, and fees may be different than what is displayed here and will be based on several factors, including but not limited to: your credit history, property type, and transaction type. All mortgages and home equity loans require property insurance.
20% Down; Max. Loan Amount: See note 1
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20% Down; Max. Loan Amount: See note 1
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As low as
Get peace of mind with predictable monthly payments. Both traditional and short-term options available. As low as 6.250%
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Initial Interest Rate: 6.250%; Interest Only Term: 0 Months; Permanent Loan Payment Stream; Payment Month(s): 1 - 179; Monthly Mortgage (P&I): $2,057.81; Payment Month(s): 180; Monthly Mortgage (P&I): $2,059.19
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Rates, terms, and fees as of 9/18/2026 10:15 AM Eastern Daylight Time and subject to change without notice. Select a product to view important disclosures, payments, assumptions, and APR information. Please note we offer additional home loan options not displayed here.
Purchase transaction, 80% LTV, 740 credit score, closing costs of $5,000, loan amount of $200,000. Payment per thousand of $8.98. Does not include taxes and insurance.
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North Scituate 5/1 ARM Mortgage Rates
with closing costs
Enjoy a low initial rate that adjusts with the market. Various terms and options available. As low as 5.625%
See all adjustable Rate mortgages
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Term: 5 years initial fixed, then adjusts every six months; Purchase transaction, 80% LTV, 740 credit score, loan amount of $200,000. Initial rate fixed for 5 years, then adjusts every six months by adding 3.64% to the index (1year SOFR). Discounted rate. Payment per thousand of $5.84. In year six it would adjust to 6.75% and remain at 6.375% for the remainder of the loan if nothing changes. Payments do not include property taxes or homeowners insurance.
Initial Rate Period # of Monthly Payments: 60; Fully Indexed Rate: 6.250%; Fully Indexed Rate # Monthly Payments: 300; Fully Indexed Rate EMP Per $1,000: $6.18; Effective Date: 7/16/2026
The APR may increase during the life of the loan. At the time of an interest rate change, the new interest rate will be determined by adding the Index at the time (1 Year Constant Maturity Treasury weekly average rate) to the Margin (2.75%), rounded to the nearest one-eighth percentage point. Each interest rate adjustment is limited to 2% from the current interest rate, with a total adjustment over the life of the loan, limited to 6% from the original Note rate. Payment amounts shown do not include real estate taxes and insurance premiums, if applicable, and that the actual payment obligation will be greater. For investment properties, add 0.50% to the interest rate.
APR indicated requires auto pay from an Alltrust Credit Union personal checking account. The 15 Year 5/6 SOFR ARM is fixed for the first 5 years then adjusts every 6 months to the 30-day average SOFR index plus 3.00%. APR reflected is for a loan amount of $35,000 with a combined loan to value up to 80% on a 1-4 family primary residence or 1 unit second home. Minimum 700 FICO score required. Maximum 45% maximum debt to income ratio. Payment does not include taxes and insurance premiums therefore payment obligation will be greater. Real Estate Taxes and Property insurance is required. Flood insurance where required by law. Borrower responsible for real estate taxes and property insurance.
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Fully Indexed Rate: 6.375%; Loan Amount: Up to $832,750
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Months 1 - 60
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Months 1 to 60; Margin: 2.875%; Index: 4.05%
Fully Indexed Rate: 7.000%
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30-year term/amortization; The advertised rates are for conforming loans with a loan example of $450,000 and are based on the loan characteristics noted below. Payment examples do not include taxes or insurance premiums, monthly payment obligations will be higher.; Initial Rate Period # Monthly Payments: 60; Fully Indexed Rate # Monthly Payments: 300; Closing Fees: Yes
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Rate Caps: 2% / 2% / 5%; Margin/index: 2.75% / 4.24%
NY ONLY - APR*: 6.375%
no closing costs
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60 [email protected] %; 12 [email protected]%; 287 [email protected]%; 1 [email protected]%; Margin: 2.750%; Monthly Payments: 360; Payments Per $1,000 (Fully Indexed): 60@$5.60; 12@$6.60; 287@$6.60; 1@$6.61
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2/5 Caps
Initial Interest Rate Period: 5 Years
ARM terms available.; 5/1 ARM- Your interest rate under this ARM can change after 60 months and every 12 months thereafter. Your interest rate cannot increase or decrease more than 5 percentage points at first adjustment and 2 percentage points per subsequent adjustment from the initial interest rate excluding any buydown. Your interest rate will never be greater than 5 percentage points above the initial interest rate or lower than 2.75%.
Term: 60 monthly payments of: then 299 monthly payments of: and 1 payment of:
Rate Caps: 2%/2%/5%; Fully Indexed Rate: 6.740%
Fully Indexed Rate: 7.125%
caps 2/2/6 repayment schedule based on 30 years
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Caps: 1/1/5; Fully Indexed Rate: 7.125%
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Index: 1 YR Treasury; Cap: 2/6; Margin: +2.75%
Index: 1 YR Treasury; Cap: 2/6; Margin: +2.750%
Your Mortgage Journey
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Yrs 1-5; Composite APR includes prepaid finance charges such as $88.00 Tax Service Fee, $80.00 Hazard Tracking Fee, $600.00 Processing Fee, $14.50 Flood Certificate Fee, and $200.00 Employment/Income Verification Fee. Rates may increase after consummation. Subject to credit and property approval. Hazard insurance is required. Flood insurance may be required. Property must be 1 to 4-family owner-occupied. Maximum loan-to-value varies based on property, number of units, and product. Loans over 80% LTV will require PMI approval. Amount of PMI varies. Requires Automatic Loan Payment from a TSB checking account with direct deposit of your income for the life of the loan. All Interest Rates and program guidelines may change without prior notice. Other restrictions may apply. Please contact TSB for details.
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Index: 1 YR Treasury; Cap: 2/6; Margin: +2.750%
North Scituate 30-Year Jumbo Mortgage Rates
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Loans up to $2Million
Fully Indexed Rate: 6.375%; Loan Amount: $832,751 to $2,000,000
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Minimum loan amount is $100,000. Payments do not include property taxes or insurance. Your payment may be greater if the loan is secured by a first lien. Property insurance is required. Flood insurance may be required. All rates are subject to change without notice. Other restrictions may apply.
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Fully Indexed Rate: 6.375%
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caps 2/2/6 repayment schedule based on 30 years
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Term: 7/1 Adjustable CAP 2/4 Index 1 YR Treasury + 2.75% Margin + 3.00% Margin (Jumbo); Rate: Index 1 YR Treasury + 2.75% Margin + 3.00% Margin (Jumbo)
Payments per thousand do not include taxes and insurance. Your actual monthly payment will be higher.
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Fully Indexed Rate: 6.375%; Loan Amount: $832,751 to $2,000,000
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20% Down; Max. Loan Amount: See note 2
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up to $2; 30-year term/amortization; The advertised rates are for conforming loans with a loan example of $900,000 and are based on the loan characteristics noted below. Payment examples do not include taxes or insurance premiums, monthly payment obligations will be higher.
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Term: JUMBO 30-Year Fixed Rate
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up to $2; 30-year term/amortization; The advertised rates are for conforming loans with a loan example of $900,000 and are based on the loan characteristics noted below. Payment examples do not include taxes or insurance premiums, monthly payment obligations will be higher.
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Caps 2/6 - Margin 2.875; Year 1-7, rate 6.000%, 84 payments of $6.00; Year 8-30, rate 7.125%, 276 payments of $6.61
Caps 5/2/6 - Margin 2.875; Year 1-10, rate 6.250%, 120 payments of $6.16; Year 11-30, rate 7.125%, 240 payments of $6.59
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Finance higher-priced homes without a large down payment or multiple mortgages. As low as 6.875%
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Index: 1 YR Treasury; Margin: + 3.000%; Cap: 2/6
Index: 1 YR Treasury; Margin: +3.000%; Cap: 2/6
Term: 7/1 Adjustable CAP 2/4 Index 1 YR Treasury + 2.75% Margin + 3.00% Margin (Jumbo); Rate: Index 1 YR Treasury + 2.75% Margin + 3.00% Margin (Jumbo)
Index: 1 YR Treasury; Margin: + 3.000%; Cap: 2/6
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Index: 1 YR Treasury; Margin: + 3.000%; Cap: 2/6
Term: JUMBO 30-Year Fixed Rate With No LLPA's
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Fully Indexed Rate: 6.375%
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North Scituate 15-Year Jumbo Mortgage Rates
Minimum loan amount is $100,000. Payments do not include property taxes or insurance. Your payment may be greater if the loan is secured by a first lien. Property insurance is required. Flood insurance may be required. All rates are subject to change without notice. Other restrictions may apply.
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North Scituate 5/1 Jumbo ARM Mortgage Rates
Fully Indexed Rate: 6.375%; Loan Amount: $832,751 to $2,000,000
Fully Indexed Rate: 6.375%
caps caps 2/2/6 repayment schedule based on 30 years
up to $2; 30-year term/amortization; The advertised rates are for conforming loans with a loan example of $900,000 and are based on the loan characteristics noted below. Payment examples do not include taxes or insurance premiums, monthly payment obligations will be higher.
Caps 2/6 - Margin 2.75; Year 1-5, rate 5.625%, 60 payments of $5.76; Year 6-30, rate 7.000%, 300 payments of $6.55
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Index: 1 YR Treasury; Cap: 2/6; Margin: +3.00%
up to $2; 30-year term/amortization; The advertised rates are for conforming loans with a loan example of $900,000 and are based on the loan characteristics noted below. Payment examples do not include taxes or insurance premiums, monthly payment obligations will be higher.
Index: 1 YR Treasury; Margin: +3.000%; Cap: 2/6
Index: 1 YR Treasury; Margin: +3.000%; Cap: 2/6
Index: 1 YR Treasury; Margin: +3.000%; Cap: 2/6
Yrs 1-5; Composite APR includes prepaid finance charges, such as points, as well as the following additional fees: $88.00 Tax Service Fee, $80.00 Hazard Tracking Fee, $600.00 Processing Fee, $14.50 Flood Certificate Fee, and $200.00 Employment/Income Verification Fee.
Yrs 1-5; Composite APR includes prepaid finance charges such as $88.00 Tax Service Fee, $80.00 Hazard Tracking Fee, $600.00 Processing Fee, $14.50 Flood Certificate Fee, and $200.00 Employment/Income Verification Fee. Rates may increase after consummation. Subject to credit and property approval. Hazard insurance is required. Flood insurance may be required. Property must be 1 to 4-family owner-occupied. Maximum loan-to-value varies based on property, number of units, and product. Loans over 80% LTV will require PMI approval. Amount of PMI varies.
North Scituate FHA Loan Rates
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Important Assumptions
North Scituate VA Loan Rates
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Rates, terms, and fees as of 9/18/2026 10:15 AM Eastern Daylight Time and subject to change without notice. Select a product to view important disclosures, payments, assumptions, and APR information. Please note we offer additional home loan options not displayed here.
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Banks and Credit Unions: If you need to update your rate data or request removal from MonitorBankRates.com, please contact us here.
North Scituate, MA Mortgage Rate Trends
Compare local North Scituate, MA mortgage rate quotes against the statewide average
Daily mortgage rate averages tracked across our database of verified mortgage rate quotes, updated every evening.
Massachusetts 30-year fixed rates fell 0.019 points over the past 7 days to 6.669%.
Massachusetts 15-year fixed rates rose 0.073 points over the past 7 days to 6.378%.
Massachusetts Mortgage Rate Forecast, Next 12 Months
Where are Massachusetts mortgage rates headed through September 2027?
Based on Fed funds rate futures, 10-year Treasury path, and historical mortgage spread model. Not financial advice.
What Forecast Rates Mean for North Scituate, MA Home Buyers
Monthly principal & interest payment on North Scituate, MA median home of $824,800 (20% down, 30-year fixed, city-level Census ACS median)
| Scenario | Rate | Mo. Payment | vs. Today | % of Income |
|---|---|---|---|---|
| Today (MA avg) | 6.669% | $4,244 | — | 36.3% |
| 6-Month Forecast | 6.669% (6.32–6.97%) | $4,244 | +$0/mo | 36.3% |
| 12-Month Forecast | 6.919% (6.57–7.22%) | $4,354 | +$110/mo | 37.2% |
Income column = annual mortgage payment as % of North Scituate, MA median household income ($140,329). Above 30% is generally considered cost-burdened.
MonitorBankRates Housing Affordability Index (MBR-HAI)
A daily-updated affordability score for North Scituate, Massachusetts , computed from local Census Bureau data combined with current Massachusetts mortgage rates.
What This Score Means for North Scituate, Massachusetts Home Buyers
With a score of 78.3, North Scituate, Massachusetts is 20 points less affordable than the national average of 98.3. The area’s median home value of $824,800 against a median household income of $140,329 produces a price-to-income ratio of 5.9x , modestly above the national norm. At the current Massachusetts mortgage rate of 6.669%, a buyer purchasing the median-priced home with 20% down would carry a monthly payment of approximately $4,244 in principal and interest.
Beyond the mortgage payment, the median total monthly owner cost in this area is $3,037, covering mortgage, property taxes, insurance, and utilities. Property taxes alone average $727/month ($8,720/year). These ongoing costs factor directly into the MBR-HAI alongside the mortgage rate and income data.
Score computed from local U.S. Census Bureau ACS 5-Year Estimates (2024) and CPS/HVS Q4 2025 data, combined with the current Massachusetts live mortgage rate. Score of 100 = national average at 6.5% reference rate. Full methodology →
How Mortgage Rates Impact Home Affordability in North Scituate, Massachusetts
North Scituate, Massachusetts Housing Market Overview
According to the U.S. Census Bureau, the median owner-occupied home value in North Scituate, Massachusetts is approximately $824,800. The 2026 FHFA conforming loan limit for this area is $832,750 — meaning most buyers financing at 80% LTV will qualify for conforming loan pricing, making rate comparison across local lenders especially valuable.
North Scituate, Massachusetts Homeownership Rate
The homeownership rate in North Scituate, Massachusetts stands at 62.3%, near the national average of 65.7%. The homeowner vacancy rate of 0.7% signals a tight market with limited available inventory, making it critical to secure the best possible rate quickly when a suitable property becomes available.
Monthly Payment Estimates for North Scituate, Massachusetts Buyers
Even a small difference in your interest rate can add up to tens of thousands of dollars over the life of a loan. The table below shows monthly principal and interest payments on a $660,000 mortgage, based on a 20% down payment on the North Scituate, Massachusetts median home value.
| Interest Rate | Loan Term | Monthly Payment | Total Interest Paid |
|---|---|---|---|
| 6.169% | 30-year fixed | $4,029 | $790,450 |
| 6.669% Current Avg | 30-year fixed | $4,245 | $868,298 |
| 7.169% | 30-year fixed | $4,466 | $947,818 |
| 6.378% | 15-year fixed | $5,705 | $366,925 |
A 0.500% rate increase on a $660,000 loan adds roughly $221 per month and over $79,520 in total interest over a 30-year term. That’s why comparing verified, current rates from multiple lenders, using the rate table above, is one of the most impactful financial decisions a North Scituate, Massachusetts buyer can make.
Data sources: U.S. Census Bureau; Federal Housing Finance Agency (FHFA). Monthly payments shown are principal & interest only; taxes, insurance, and PMI not included.
North Scituate, Massachusetts Income & Housing Affordability
At a price-to-income ratio of 5.9x, North Scituate, Massachusetts is a moderately expensive housing market. That ratio, median home value divided by median household income, is a standard benchmark used by housing economists to gauge how accessible homeownership is relative to local earnings. The national baseline is approximately 3.8x.
What This Means for North Scituate, Massachusetts Buyers
With a median household income of $140,329 per year in North Scituate, Massachusetts ($11,694/month) and a median home value of approximately $824,800, a buyer financing at 80% LTV at the current average rate would commit roughly 36.3% of gross monthly income to principal and interest alone. That places most buyers above the 30% threshold housing economists use to define "cost burdened", before taxes, insurance, HOA fees, or PMI are factored in.
Compared to the Massachusetts statewide price-to-income ratio of 5.4x, North Scituate tracks closely with the broader Massachusetts market on income-adjusted affordability. In either case, even a 0.25% improvement in your mortgage rate meaningfully reduces both the income needed to qualify and the total cost over the loan term.
Data sources: U.S. Census Bureau. Monthly payment estimate assumes 80% LTV at current average rate; principal and interest only.
Full Cost of Homeownership in North Scituate, Massachusetts
A mortgage payment is just the starting point. Property taxes, insurance, and utilities add hundreds of dollars per month to the true cost of owning a home in North Scituate, Massachusetts. Understanding the full picture before you buy is the difference between a home you can afford and one that stretches you thin.
Owner vs. Renter Costs
In North Scituate, Massachusetts, the median homeowner with a mortgage pays approximately $3,037/month in total housing costs, covering the mortgage payment, property taxes, insurance, and utilities. The median renter pays $1,595/month including utilities. That $1,442/month gap between owning and renting reflects both the premium for ownership and the reality that mortgaged homeowners are building equity with each payment while renters are not. Property taxes alone account for $727/month of the ownership cost, a figure that can vary dramatically by location and is often underestimated by first-time buyers.
Housing Cost Burden
The federal standard defines “cost burdened” as spending more than 30% of gross household income on housing. “Severely cost burdened” means spending 50% or more. Both thresholds leave little room for savings, emergencies, or other financial goals.
In North Scituate, Massachusetts, 36.5% of homeowners with mortgages are cost burdened and 77.8% of renters are cost burdened. Renters face significantly higher burden rates than owners, a pattern that often reflects lower renter incomes rather than lower rental costs, and one that can make the path from renting to owning financially difficult even when mortgage payments might be affordable. The 36.5% owner burden rate, well above the national average of 28.0%, underscores why securing the lowest possible mortgage rate is especially important here. Even a 0.25% rate reduction on a median-priced home can move a buyer from cost-burdened to within the manageable threshold.
Data sources: U.S. Census Bureau, American Community Survey 5-Year Estimates. Monthly owner costs include mortgage payment, taxes, insurance, and utilities. Property taxes reflect median annual taxes for mortgage holders. Rent reflects median gross rent including utilities. Cost burden figures reflect households spending 30%+ of gross income on housing.
North Scituate, Massachusetts Mortgage Payment Calculator
See your estimated monthly principal & interest payment at today’s North Scituate, Massachusetts rates. The home price is prefilled with the local median home value. Adjust anything, or click a current rate on the right to apply that loan type’s rate and term instantly.
Principal & interest only, excludes property taxes, homeowners insurance, PMI, and HOA dues. See the Full Cost of Homeownership section above for those figures. Estimates are for informational purposes only.
Run the Numbers on Your North Scituate, Massachusetts Home Loan
Rates are only part of the equation. Use these calculators to translate current North Scituate, Massachusetts mortgage rates into real numbers for your specific situation before you talk to a lender.
Enter your loan amount, interest rate, and term length to see your estimated monthly principal and interest payment. Adjust any variable to model different scenarios: a larger down payment, a shorter term, or a rate a quarter-point lower than what you were quoted.
CalculateTell us your gross income, monthly debt obligations, and how much you have for a down payment. We’ll show you the home price range you’re likely to qualify for at current North Scituate, Massachusetts rates, so you can shop with a realistic number in mind rather than discovering your ceiling after you’ve fallen in love with a property.
CalculateIf you already own a home, enter your current rate, remaining loan balance, and the rate you’ve been quoted to refinance. The calculator shows your new monthly payment, how much you’d save each month, and the break-even point, the number of months it takes for your savings to cover the closing costs of refinancing.
CalculateBuying isn’t always the better financial decision, and renting isn’t always throwing money away. This calculator weighs the full cost of each path: mortgage payments, taxes, insurance, and maintenance against rent increases and the opportunity cost of a down payment, to show which option builds more wealth over your intended time horizon in North Scituate, Massachusetts.
CalculateTypes of Mortgages Available in North Scituate, Massachusetts
Not every loan program is right for every buyer in North Scituate, Massachusetts. Rates, down payment requirements, eligibility rules, and long-term costs vary significantly across products, and the right choice depends on your credit profile, how long you plan to stay, and whether you qualify for any government-backed programs.
Fixed-Rate Mortgage
A fixed-rate mortgage locks your interest rate in for the entire loan term. Your principal and interest payment on day one is identical to payment 360. That predictability is valuable for long-term financial planning, especially in markets where housing costs represent a large share of household income.
Available in 10-, 15-, 20-, and 30-year terms. The 30-year minimizes monthly payments; the 15-year cuts total interest paid dramatically but requires a higher monthly commitment. The payment comparison table above shows exactly how those trade-offs look at today’s North Scituate, Massachusetts rate levels.
Adjustable-Rate Mortgage (ARM)
An ARM offers a fixed introductory rate for an initial period, commonly 5, 7, or 10 years, after which the rate adjusts periodically based on a market index. The starting rate is typically lower than a comparable fixed-rate loan, which reduces your monthly payment during the initial window.
ARMs work best when you have a defined exit timeline: if you plan to sell or refinance before the fixed period ends, you capture the lower rate without exposure to future adjustments. Rate caps govern how much the rate can move at each adjustment and in total, so read those terms closely before committing.
FHA Loan
Backed by the Federal Housing Administration, FHA loans are built for buyers who don’t yet meet conventional loan standards. You can qualify with a credit score of 580 and just 3.5% down, and some lenders will consider scores as low as 500 with a 10% down payment.
The cost of that lower barrier is mortgage insurance. FHA loans carry an upfront MIP of 1.75% of the loan amount (which can be rolled in) plus an annual MIP of 0.15%–0.75% depending on your term and LTV. For buyers who would otherwise wait years to save a larger down payment, given ongoing home price trends in North Scituate, Massachusetts, FHA is often the faster path to ownership.
VA Loan
Available to eligible active-duty service members, veterans, reservists, National Guard members, and qualifying surviving spouses, VA loans are among the most favorable mortgage programs available anywhere. No down payment is required, there is no monthly mortgage insurance, and rates are generally competitive with, and often better than, conventional loan rates.
A one-time funding fee applies, 2.15% of the loan for first-time VA borrowers with no down payment, which can be financed into the loan. In North Scituate, Massachusetts, where home prices require substantial savings for a conventional down payment, the zero-down VA benefit is an enormous advantage for those who qualify.
Jumbo Loan
The 2026 FHFA conforming loan limit for North Scituate, Massachusetts is $832,750. Mortgages above that amount are classified as jumbo loans and are not eligible for purchase by Fannie Mae or Freddie Mac, which means lenders carry the full risk and price that risk accordingly.
Jumbo underwriting is stricter: lenders typically require a credit score of 700 or higher, substantial cash reserves, thorough income documentation, and a down payment of at least 10–20%. Rates may run slightly above conforming levels, though the gap narrows in competitive lending environments.
Methodology & Data Sources
Independent, Free, and Unbiased Rate Comparisons: MonitorBankRates.com is an independent rate comparison service. Our North Scituate, Massachusetts mortgage rate tables are free for consumers to use, and we do not receive payment from any lender to be included or to be ranked in any particular order. Listings are based solely on the rates each lender publicly advertises on its own website.
A Note on Third-Party Rate Tools: Some pages on our site also feature rate comparison widgets and tools provided by third-party partners. These tools may include sponsored listings or affiliate links, and we may receive compensation when users click through them. We clearly label these widgets so you can tell at a glance which rates come from our independent MonitorBankRates.com tables and which come from our advertising partners.
Direct-Sourced & Verified Mortgage Rate Data: We aggregate mortgage and refinance rates for North Scituate, Massachusetts directly from the official websites of local lenders, credit unions, and national mortgage originators using our proprietary rate aggregation technology and a dedicated team of rate updaters. Every rate displayed is highly accurate and trustworthy.
Local, Regional, and National Coverage: Our systems constantly monitor the market to provide a complete picture of available home loan products in North Scituate, Massachusetts. We feature a comprehensive mix of licensed NMLS financial institutions, from neighborhood credit unions and competitive regional banks to large national originators available to borrowers in MA.
Daily Updates & Time-Stamped Accuracy: Our rate updaters verify and update mortgage rates daily. Because rates and APRs can fluctuate rapidly based on bond markets and economic conditions, every loan product features its own “last updated” date for full transparency.
Proprietary Lender Health & Safety Grades: Beyond tracking rates, MonitorBankRates evaluates the financial stability of every listed institution. Our Health Grades (A+ to F) and Star Ratings are composite metrics calculated using objective regulatory data, including the Texas Ratio, ensuring you compare rates from secure, reliable lenders.
How a Mortgage Works in North Scituate, Massachusetts
A mortgage is a loan used to buy a home in North Scituate, Massachusetts, secured by the property itself as collateral. The borrower repays the amount over a set term, most commonly 30 or 15 years, in monthly installments that cover both principal and interest. Because the loan is secured, the lender can foreclose on the home if payments are not made, which is part of why mortgage rates are lower than rates on unsecured debt.
Fixed-Rate vs. Adjustable-Rate Mortgages for North Scituate, Massachusetts Buyers
A fixed-rate mortgage keeps the same interest rate for the entire term, so a North Scituate, Massachusetts homeowner’s principal-and-interest payment never changes. For example, Institution for Savings is listing a First-Time/Affordable Homebuyer Loan - 30 Year Fixed at 5.50%. An adjustable-rate mortgage (ARM) starts with a fixed period, often five, seven, or ten years, and then adjusts periodically based on a market index. ARMs usually open with a lower rate, but the payment can rise once the fixed period ends, so they tend to suit North Scituate, Massachusetts borrowers who expect to move or refinance before that point. On the adjustable-rate side, Taupa Lithuanian Federal Credit Union is listing a 5/1 Year ARM at 5.50%.
How North Scituate, Massachusetts Mortgage Rates Are Set
Mortgage rates move with the broader bond market, particularly the yield on the 10-year Treasury, plus a spread that reflects lender costs and risk. On top of that national baseline, the rate a Massachusetts borrower is offered depends on individual factors: credit score, down payment size, loan amount, loan type, and the property itself. This is why the advertised rates above are a starting point, and a borrower’s final rate is set once an application is underwritten.
Points and Closing Costs in North Scituate, Massachusetts
The interest rate is not the only cost of buying a home in North Scituate, Massachusetts. Discount points are an optional upfront fee (one point equals one percent of the loan amount) paid to lower the rate over the life of the loan. Closing costs cover items such as origination fees, appraisal, title insurance, and recording, and typically run two to five percent of the loan. Comparing the annual percentage rate (APR) alongside the note rate helps North Scituate, Massachusetts shoppers account for these costs when weighing lenders.
When North Scituate, Massachusetts Homeowners Should Consider Refinancing
Refinancing replaces an existing mortgage with a new one, usually to secure a lower rate, change the term, or tap home equity. For North Scituate, Massachusetts homeowners, the general guideline is that refinancing makes sense when the savings from a lower rate recoup the closing costs within the time the borrower plans to stay in the home, known as the break-even point. Borrowers also refinance to switch from an adjustable rate to a fixed rate, or to remove mortgage insurance once enough equity has built up. Current North Scituate, Massachusetts refinance rates from local lenders are listed on our refinance page.
Frequently Asked Questions about Mortgage Rates in North Scituate, Massachusetts
How does my credit score affect my rate in Massachusetts?
What is a 30-Year Fixed Mortgage?
What are closing costs in Massachusetts?
Should I lock my mortgage rate?
What is an Adjustable-Rate Mortgage (ARM)?
What is a Jumbo Loan in North Scituate, Massachusetts?
Do I need 20% down to buy a house in Massachusetts?
What is the difference between Interest Rate and APR?
How do I find the best lender in North Scituate, Massachusetts?
What is the median home value in North Scituate, Massachusetts?
What is the homeownership rate in North Scituate, Massachusetts?
What is the conforming loan limit in North Scituate, Massachusetts?
What is the median monthly cost of homeownership in North Scituate, Massachusetts?
What are the median property taxes in North Scituate, Massachusetts?
What is the median rent in North Scituate, Massachusetts?
What percentage of homeowners are cost burdened in North Scituate, Massachusetts?
What percentage of renters are cost burdened in North Scituate, Massachusetts?
What are the best Mortgage rates in North Scituate, Massachusetts?
- Institution for Savings: 5.50% (First-Time/Affordable Homebuyer Loan - 30 Year Fixed)
- Florence Bank: 5.62% (Welcome Home - 30-Year Fixed Rate)
- Commonwealth Co-operative Bank: 5.99% (Mortgage Rates - 30 Year Fixed)
- First Citizens Federal Credit Union: 6.00% (30-Year Fixed)
- St Annes Credit Union: 6.12% (30-Year Fixed Rate Mortgage)
North Scituate, Massachusetts Rates & Resources
