Get the Best Loan for Your First Home Mortgage!
Buying your first home is an exciting milestone, and Torrington Savings Bank takes great pride in helping first time buyers become new homeowners with a special program designed to make buying a first home more affordable.

Low Mortgage Rates for First Time Buyers
Mortgage rates can vary based on credit scores. With our flexible credit score requirements, those who qualify can lock in at the best 30-year fixed mortgage rate today.

TSB’s Easy Online Application
Get prequalified for a mortgage loan through TSB’s secure online application. It’s a simple process in taking the next step towards closing on your dream home.

Contact a TSB Mortgage Lender
Speak with a CT mortgage loan officer who can guide you through the homebuying process and help you find the right home loan for your first home.

Why Buying Your First Home Should Start
with Torrington Savings BankThere’s many reasons why first time home buyers turn to a local community bank for their first mortgage. (And why they return to us for future home loan needs!)
Through the TSB First Home Mortgage, we offer:
- $600 closing cost credit when home buyers education course is completed.
- Low or no Private Mortgage Insurance (PMI).
- Down payment options as low as 3% down.
- A great team that listens, guides, and explains the home purchasing process.
- Flexible credit requirements for first time homebuyers who qualify.
Let’s Get Moving on Your First Home Loan!
Have more questions around buying your first home in CT?
Dive in to our Mortgage Resource Center, where you can find FAQs, calculators, and other great information about purchasing your dream home.

Ready to buy and move?
We’re ready to help!
Explore Other TSB Mortgage Options
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 $806,501 to $1,209,750.
Buyer’s Boost
TSB Buyer’s Boost Mortgage Program allows well-qualified borrowers to get competitive rates with PMI waived even while putting as little as 10% down.
Conventional Mortgages
Torrington Savings Bank conventional mortgages offer great rates with flexible term options, and low fees & closing costs.
First Time Homebuyers Details:
Successful completion of our free Homebuyer education course is required to receive the $600 credit toward closing costs. This credit is for First Home Purchases Only. This credit is subject to qualification, credit approval and closing. The discount will be taken at closing time. Maximum loan limit is $806,500.00. Payment example: $100,000.00 loan at 6.750% for 360 months (30 years) is a monthly payment of $648.60.
Down Payments of 10–19% may require Private Mortgage Insurance. Less than 10% down requires Private Mortgage Insurance. 60-day commitment. Must be owner-occupied 1–2 family homes in Connecticut. Minimum 3% down payment on single-family homes and 5% down on two-family homes. Properties with underground oil storage tanks are not eligible. Application fee ranges from $657.92 to $745.13 on single-family, existing owner-occupied properties. Application fee includes cost of appraisal and credit reports.
Payment includes principal and interest calculated by the rate. Payment will be greater if taxes and/or insurance are escrowed. May require flood insurance. Rates subject to change. This information is being provided for informational purposes only and is neither a loan commitment nor a guarantee of any interest rate. Consult a loan representative for more details. Your rate will depend on various factors including loan product, loan amount, loan purpose, credit profile, property value, occupancy, and other factors. Rate / APR displayed assumes 20% down payment, purchase transaction, owner occupied, single family detached home, FICO score of 700 minimum.