Buyer’s Boost Mortgage
10% down and No PMI
Our Special Home Loan for Borrowers with Strong Credit Scores.
Buyer’s Boost Mortgage: Increase Your Home Buying Power
A mortgage loan which allows well-qualified borrowers to maximize their buying power by putting as little as 10% down, without PMI and getting our best rates on a residential or new construction home loan.
Low Mortgage Rates for Excellent Credit
Your credit score is one of the most important factors that determines your mortgage rate. Our team will review loan options to help find you the right mortgage to fit your home buying budget.
How Much Can You Afford
Down payment? Monthly payment? Fifteen or 30-yr mortgage? Run different scenarios and see what is best financially. If you need more assistance contact one of our residential loan specialists.
TSB Home Loan Application
Need a prequalification or ready to apply? Take the next step towards closing on your dream home. Apply for a residential home loan through TSB’s secure online mortgage loan application.
Elevate your Home Purchasing Power with a Boost from Torrington Savings Bank
Purchasing or building a home is a big investment and having the right team on your side to help you elevate your home buying power, can make the experience a happy one.
Buyers with a credit score of 720+ can qualify for a boost of benefits with this home loan. A down payment as low as 10% without PMI. Connect with a TSB residential loan lender today and boost your home purchasing power!
With the Buyers Boost Mortgage Loan:
- No PMI required
- Requires a minimum of 10% down
- Minimum credit score of 720
- Maximum loan limit $1,089,300.00
- Available for qualified applicants on purchases of owner occupied single or 2 family homes or condos in CT
Great Rates
We offer competitive rates to help make owning your forever home possible in CT. Plus, enroll in auto-pay and receive a 0.25% interest rate* reduction with a TSB checking account. Click below to get your personalized rate.
*Rate shown reflects interest rate reduction.
| Buyer’s Boost | |
|---|---|
| Rate | 6.625 |
| APR | 6.799 |
CT Community Bank Expertise Matters
- Where is the best place to get a mortgage?
- While mortgage companies may have better access to a wide range of loan products, working with a local bank like Torrington Savings Bank gives you more control and costs less.
- Torrington Savings Bank will never sell or transfer your loan. We retain and service all our residential loans so you always know who to contact if you have questions about your mortgage or need to review different types of residential loans and terms: (like a refinance loan, a home equity line of credit (HELOC) loan, a new construction loan, and jumbo loans.
- Our trusted mortgage advisors explain the process step-by-step answering common home buyer questions and guiding you to a team of trusted experts who can help get you to the closing table, stress-free!
Low Closing Costs
Closing costs are fees you pay to get a residential home loan, and can include attorney fees, taxes, title insurance, appraisals and other expenses related to closing on a home loan.
We are among the few with the lowest closing and application fees in the area.
Plus, at TSB, you can earn a $600 closing cost credit with our first time home buyer program by participating in our homebuyer education course.
Increase Your Buying Power And Get Moving Into Your Forever 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 $766,551 to $2,000,000.
Conventional Mortgages
Torrington Savings Bank conventional mortgages offer great rates with flexible term options, and low fees & closing costs.
Buyer's Boost Details:
Buyer’s Boost – Purchase – No PMI – Fixed Rate
Maximum loan limit is $766,550.00 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 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. Available to borrower(s) at a maximum loan to value of 90% without the need for Private Mortgage Insurance. 1-2 Family, owner occupied or second home; no Investment. Purchase only. Minimum FICO of 720. Loans not fitting the requirements above will be required to qualify for and obtain borrower paid Private Mortgage Insurance. 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.
Buyer’s Boost – Purchase – No PMI – Jumbo
Minimum loan limit is $766,551.00. Maximum loan limit $1,089,300.00. 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 ranges from $785.59 to $850.46 on single family homes. Application fee includes cost of appraisal and credit reports. Available to borrower(s) at a maximum loan to value of 90% without the need for Private Mortgage Insurance. 1-2 Family, Owner Occupied or Second Home; no Investment. Purchase only. Minimum FICO of 720. Loans not fitting the requirements above will be required to qualify for and obtain borrower paid Private Mortgage Insurance. 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.
