Conventional Mortgages
Torrington Savings Bank has conventional mortgages with more than conventional benefits. TSB mortgages offer great rates with flexible term options, and low fees & closing costs.
Get a Mortgage with a Leading Local Lender
There’s a reason why Torrington Savings Bank is consistently among the top rated lenders in the area – it’s because helping people find the best mortgage solutions for them is important to us.
- We offer terms of 15, 20, and 30 years
- We offer fixed rate and adjustable rate options
- We offer the option of paying for points to be able to lower our already great rates
- We have local lenders who are willing to listen to your needs to help you find workable solutions
- We have local decision makers who can often approve more flexible loan types than our non-local competitors
How Can We Help?
30 Year Fixed Rate Mortgage
Effective Date: December 2, 2022
20 Year Fixed Rate Mortgage
Effective Date: December 2, 2022
| Rate | APR | Points | ||
|---|---|---|---|---|
| 5.875 | 5.891 | 0 | Get a Personalized Rate | Learn More |
| 5.75 | 5.889 | 1 | Get a Personalized Rate | Learn More |
| 5.625 | 5.889 | 2 | Get a Personalized Rate | Learn More |
15 Year Fixed Rate Mortgage
Effective Date: December 2, 2022
| Rate | APR | Points | ||
|---|---|---|---|---|
| 5.5 | 5.519 | 0 | Get a Personalized Rate | Learn More |
| 5.375 | 5.548 | 1 | Get a Personalized Rate | Learn More |
| 5.25 | 5.579 | 2 | Get a Personalized Rate | Learn More |
Explore Our Other Options
Refi Boost
Torrington Savings Bank’s Refi Boost allows well-qualified borrowers to refinance and get competitive rates and No Mortgage Insurance.
Mortgage Refinancing
When it comes to a home loan, lower rates are not always better. Since you bought your home, your individual needs and circumstances might have changed, but are you a good candidate to refinance?
Construction Mortgage
A Torrington Savings Bank Construction Mortgage is a great option to finance home construction.
Jumbo Mortgage
Jumbo mortgage is the industry term for home loan amounts ranging from $647,200 to $1,000,000.
Buyer’s Boost
TSB Buyer’s Boost Mortgage Program allows well-qualified borrowers to get competitive rates while putting as little as 10% down.
First Time Homebuyers
TSB helps first time borrowers become new homeowners with a special program designed to make buying a first home more affordable.
Conventional Mortgages Details:
Maximum loan limit is $647,200.00. Conventional LTV (loan to value) 80.01% to 97% may require MI. Payment example: $100,000.00 loan at 4.75% for 360 months (30 years) is a monthly payment of $521.65. This does not include taxes and/or insurance. Property insurance is required. Flood insurance may be required. 60 day commitment. Any change of loan after commitment issued – $400.00 fee. Properties with underground fuel storage tanks are not eligible. Rates reflect discount for Auto-Pay from a Torrington Savings Bank account. Add 0.25% to rate without Auto-Pay. Application fee ranges from $578.59 to $605.87 on single family, $728.59 to $755.87 on two to four family properties; existing, owner occupied properties; $703.59 to $730.87 on investment properties; and $728.59 to $755.87 on new construction. Application fee includes cost of appraisal and credit reports. Consult a loan representative for more details. Interest rates are subject to change at any time, without notice and may vary according to the property and loan characteristics.
