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?
Explore Our Other Options
Refi Boost
Torrington Savings Bank’s Refi Boost allows well-qualified borrowers to refinance and get competitive rates and No Private Mortgage Insurance.
Home Equity Loan
A Home Equity Loan is a great borrowing option when you need a large fixed amount because it costs you less than most other methods to borrow.
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 $766,551 to $2,000,000.
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 $766,550.00. Conventional LTV (loan to value) 80.01% to 97% may require PMI. 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 $635.59 to $700.46 on single family homes or $785.59 to $850.46 on multiple family homes. 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. 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.
