Jumbo Mortgage
When you need a bigger loan to buy a bigger home, a TSB Jumbo Mortgage can help you make your move.
Jumbo Mortgages at Torrington Savings Bank
Jumbo mortgage is the industry term for home loan amounts ranging from $766,551 to $2,000,000.
If your new home requires a jumbo loan, Torrington Savings Bank offers jumbo mortgages that come with the same benefits of flexible terms, great rates, low fees & closing costs that all our home loans enjoy. But with a TSB jumbo mortgage, you just get that much more of a good thing.
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.
Buyer’s Boost
TSB Buyer’s Boost Mortgage Program allows well-qualified borrowers to get competitive rates 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
TSB helps first time borrowers become new homeowners with a special program designed to make buying a first home more affordable.
Jumbo Mortgage Details:
Minimum loan limit is $766,551.00. Maximum loan limit $2,000,000.00. For loan amounts greater than $2,000,000.00, consult with a loan representative. 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 or insurance escrow. APR’s based on $100,000.00 mortgage, 20% down payment. 60 day commitment. Any change of loan after commitment issued – $400.00 fee. Property insurance is required. Flood insurance may be required. 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 on single family homes ranges from $785.59 to $850.46 up to $1,000,000.00. Over $1,00,000.00 application fee ranges from $1,706.30 to $1,771.18. Application fee includes cost of appraisal and credit reports. Single Family Homes, owner Occupied or second Home, no Investment. Conventional LTV (loan to value) 80.01% to 97% may require PMI. No Prepayment Penalty. 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.
