Mortgage Rates

Unless otherwise noted: Maximum Loan Amount $647,200
Jumbo Rates .250% above posted interest rates for all programs.
Construction to Permanent Loans: .250% above the posted rates for all programs.
All first time homebuyers will have appraisal fee waived
All loans are subject to Credit Approval

If you have any questions regarding interest rates or mortgage loan products, please call (860) 309-1422.

Please click on the APR hyperlink next to each rate to review the payment terms of the model loan that has been set.

Interest rates are subject to change at any time, without notice and may vary according to the property and loan characteristics. The actual Annual Percentage Rate (APR) and fees available to you may differ from the rates posted based on your credit history, loan amount, property type, product features, and loan to value (LTV) ratio. The rates posted are based on certain assumptions that may or may not apply to your loan. All rates and terms shown are subject to change without notice. Property insurance is required. Flood insurance may be required. APR assumes 20% down payment, purchase transaction, owner occupied, single family detached home, FICO score of 740, and no subordinate financing. Loan to Value ratios above 80% will require Private Mortgage Insurance (PMI). Other Terms and Conditions May Apply.

FIRST TIME HOMEBUYER PROGRAM

Applicants that are at or below the HUD Defined Area Median Household Income will be given a discounted rate by .125% below our 30-year 0 point fixed rate. Maximum LTV 95% PMI required on LTV above 80%. Please reach out to our dedicated loan officers to learn about our competitive first time homebuyer interest rates. Further restrictions apply – please ask us for details. Other Terms and Conditions May Apply.

90% LTV NO PMI LOAN

Available to our customers is a maximum loan to value of 90% mortgage product without the need for Mortgage Insurance. Single Family Homes, Purchase Only, Owner Occupied, Minimum FICO of 720, Maximum loan amount up to $647,200, Maximum debt to income ratio of 43%. First Time Homebuyer discounts are eligible to be combined with this product. Subject property must be located in CT. Any loans not fitting the requirements above will be required to carry borrower paid Mortgage Insurance.

LAND LOANS

Maximum $250,000; Maximum LTV 75%; Maximum Term 10 years. 1/1 ARM Change based off the One Year Treasury Bill. 4.00% Margin. Purchase Only. Full Appraisal Required. Must be approved for residential building.

For All Fixed Rate and ARM Programs : Interest rates are subject to change at any time, without notice and may vary according to the property and loan characteristics. The actual Annual Percentage Rate (APR) and fees available to you may differ from the rates posted based on your credit history, loan amount, property type, product features, and loan to value ratio. The rates posted are based on certain assumptions that may or may not apply to your loan. All rates and terms shown are subject to change without notice. Property insurance is required. Flood insurance may be required. Rate / APR assume 20% down payment, purchase transaction, owner occupied, single family detached home, FICO score of 740 and no subordinate financing. LTVs above 80% will require Private Mortgage Insurance (PMI). Other terms and conditions may apply.

For All Fixed Rate and ARM Programs : Cost per $1,000 does not include taxes and insurance. The actual payment will be higher if escrow payments for property taxes and/or insurance are made in addition to the regularly scheduled loan payment

ADJUSTABLE RATE MORTGAGES (ARM) ARMs offer an initial fixed interest rate period followed by a period when the rate may adjust annually. Rate caps limit interest rate changes over the life of the loan. The payment per $1,000 below is based on a term of 30 years and the initial interest rate, after which the rate and payments will be determined based on the One Year Treasury Index plus the margin.

Rate	Points	Annual Percentage Rate (A.P.R.)	Caps	Margin	Payment per $1,000
3/1 ARM 2-6 CAPS: Interest rate and payment amount is fixed for the first year, then is subject to change every year with caps of 2% per adjustment and 6% for the life of the loan.
4.250%	0.0	5.411%	2/6	2.750%	$4.92
5/1 ARM 2-6 CAPS: Interest rate and payment amount is fixed for the first five years, then is subject to change every year with caps of 2% per adjustment and 6% for the life of the loan.
4.375%	0.0	5.265%	2/6	2.750%	$4.99
7/1 ARM 2-6 CAPS: Interest rate and payment amount is fixed for the first seven years, then is subject to change every year with caps of 2% per adjustment and 6% for the life of the loan.
4.500%	0.0	5.175%	2/6	2.750%	$5.07
10/1 ARM 2-6 CAPS: Interest rate and payment amount is fixed for the first ten years, then is subject to change every year with caps of 2% per adjustment and 6% for the life of the loan.
4.625%	0.0	5.083%	2/6	2.750%	$5.14
LAND LOANS: Maximum LTV 75%; 10 year amortization, 1/1 ARM 2% annual and 6% lifetime caps: Interest rate and payment amount is fixed for the first year, then is subject to change every year with caps of 2% per adjustment and 6% for the life of the loan.
5.125%	1.0	6.969%	2/6	4.000%	$10.67

THERE ARE NO APPLICATION FEES OR CLOSING COSTS FOR LOANS UP TO $250,000. LOANS OVER $250,000 WILL INCUR CLOSING COSTS AND ARE REQUIRED TO CLOSE WITH AN ATTORNEY.

HOME EQUITY LINE OF CREDIT

No minimum draw required at closing. Loan available only for owner or secondary occupied single-family homes and approved condominiums; not available on properties listed for sale. Maximum Total Loan to Value for single family homes and condos is 80%. Property insurance is required. Flood insurance may be required. An appraisal fee may apply under certain circumstances. Minimum loan amount is $10,000. First or second lien position is required.

Adjustable Rate Line of Credit: Rate is equal to Prime rate minus .50 for the life of the loan with a MAXIMUM ANNUAL PERCENTAGE RATE (rate cap) of 18%. The current rate in effect using the index plus the margin is the current Prime Rate of 3.250% minus .50% = 2.750%. Rate can vary monthly.

Loan Program	Interest Rate	APR	Payment Per $50,000
HELOC	4.250%	4.250%	$174.65
Rate is equal to Prime rate -.50% for the life of the loan with a MAXIMUM ANNUAL PERCENTAGE RATE (rate cap) of 18%. The current rate in effect using the index plus the margin is the current Prime Rate of 4.750% minus .50% = 4.250%. Rate can vary monthly.

This is a variable rate loan with a 9 year, 9 month draw period during which payment of interest only monthly is required followed by a principal and interest repayment period of fifteen-years. There is a $35.00 Annual Fee (waived the first year.). Rate can vary monthly. There is a prepayment penalty of $200 if the loan is paid off (closed) within 24 months of the contract date. Loan available only for single family owner-occupied homes and approved condominiums; not available on properties listed for sale. Property insurance is required. Flood insurance may be required. An appraisal fee may apply under certain circumstances. Minimum loan amount is $10,000. Loan amounts exceeding $250,000 will be considered on an exception basis. First or second lien position is required. NY & MA residential properties and loans over $250,000 may incur closing costs.

Interest Rate	APR	Payment per $1,000
Home Equity Loan - 5 Years
3.750%	3.750%	$18.30
Home Equity Loan - 10 Years
4.000%	4.000%	$10.12
Home Equity Loan - 15 Years
4.250%	4.250%	$7.52
Home Equity Loan - 20 Years
4.500%	4.500%	$6.33

The payment example above does not include amounts for taxes and insurance premiums (if applicable) and, if the credit is secured by a first lien, the actual payment obligation may be greater. First or second lien position is required. Loan available only for single family owner-occupied homes and approved condominiums; not available on properties listed for sale. Property insurance is required. Flood insurance may be required. An appraisal fee may apply under certain circumstances. Minimum loan amount is $10,000. Loan amounts exceeding $250,000 will be considered on an exception basis. Requests for Home Equity Loans that are an exception to policy may be upcharged a standard .625% over the published rate. Maximum Total Loan to Value is 80%. NY & MA residential properties and loans over $250,000 may incur closing costs.

Mortgage Rates

Home Equity Line of Credit

Fixed Rate Home Equity Loan

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