When you are looking for a mortgage, you know that there are many different options out there. You want the best rate with the least hassle. That is the starting point with Powder House Mortgage Company. We excel at combining great loan options, great rates and quality, hands-on customer service. 

In short, we keep it simple.

Powder House Mortgage Company offers you a unique service in today's marketplace: We listen. We began as a family business and take that spirit into every transaction and relationship we begin. We take over 24 years of neighborhood lending experience and add the power of wholesale rates to provide the best value and benefit for our clients.  That personal touch is more than just good business, it is our mission. 

Find out today how the keep it simple approach to mortgages can work for you!

we keep it simple:

  • Great Rates, Low Costs, Honest Answers
  • Fast approvals, on-time closings
  • One-stop shopping - over 45 different wholesale investors
  • 24 years of experience in all markets, all types of programs, guarantees you the best program and rate for your needs
  • 24/7 access to your loan scenario
  • Application via phone, online or in person - no upfront fee
  • Online rate lock form puts you in control of your rate

Please visit us at: www.PHMCdirect.com

Call 1-800-783-0309 for additional program options

All Credit Types Welcome

Current Mortgage Rates

Program Rate Points APR Max Loan P & I
Per $1,000
Fees In
 30 YEAR FIXED 4.250 0.000 4.335 417,000 4.919  943.00
 30 YEAR FIXED 4.125 0.000 4.225 417,000 4.846  943.00
 20 YEAR FIXED 4.000 0.000 4.125 417,000 6.059  943.00
 20 YEAR FIXED 3.875 0.000 4.025 417,000 5.994  943.00
 15 YEAR FIXED 3.250 0.000 3.350 417,000 7.026  943.00
 15 YEAR FIXED 3.125 0.000 3.250 417,000 6.966  943.00
 10 YEAR FIXED 3.000 0.000 3.09 417,000 6.950  943.00
 10 YEAR FIXED 2.875 0.000 2.875 417,000 9.600  943.000
 5/1 YEAR ARM 3.000 0.000 3.125 417,000 4.216  943.00
 7/1 YEAR ARM 3.250 0.000 3.50 417,000 4.352  943.00
Rates as of 4/21/2014 and are subject to change.

“The above rates are based on a conforming loan amount of $175,000 and a Jumbo loan amount of $417,000 with a 60% loan to value. They are representative of actual rates for most loan applications and are based on a 30 day rate lock. These rates ALL require the payment of closing costs. No Closing Costs programs are available. APR fees are based on the fixed costs, points and one day’s interest. Additional closing costs WILL apply and are provided by requesting a Good Faith Estimate or visiting our website. Rates and/or costs are subject to change based on each scenario’s credit score, income, loan to value, combined loan to value, property type, occupancy type and loan purpose. All Fannie Mae and/or Freddie Mac adjustments will apply. Better rates may be available for certain scenarios.”

[The information on this page is updated directly by the lender using HSH's LiveEdit service. Please contact the lender with any questions or comments about the information posted here.]

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775 Broadway
Somerville, MA 02114
Phone: (617) 284-9212
Fax: (617) 284-9262

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powderhousemortgagecompany.com, Powder House Mortgage, PHMCdirect and myPHMC are all a service mark of Powder House Mortgage Company, Inc. 775 Broadway, Somerville, MA 02144 (617) 284-9212 Please note: these rates and terms are only available through this website. We are Licensed in Massachusetts. Mass Lender and Broker License: MC0147. Nothing in this web site should be construed as an offer to provide mortgages in any state where we are not licensed.