Great mortgage rates with the benefits of Banking Local!

For a limited time, we're offering these low mortgage rates:

30-Year Fixed Rate

6.750% Rate  / 6.813% APR
0 points / Monthly Principal & Interest  Payment: $1,945.79

Welcome Home Mortgage

5.990% Rate  / 6.082% APR
0 points / Monthly Principal & Interest  Payment: $1,796.72

Compare and save! The current national average 30-year fixed rate mortgage for December 4, 2023 is 7.53%* (7.63%* for refinance).  Some lenders even charge up to 2 points at these rates!

As one of the largest mortgage lenders in Connecticut,  our team of lending professionals are ready to help you every step of the mortgage process - from fast pre-approvals to excellent local customer service and quick closings.  We look forward to assisting you.

Let's get started!

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Rates effective December 5, 2023

Assumptions and general disclosures

  • Rates shown above require a Newtown Savings Bank checking account with auto deduction payment (excluding FHA).
  • The information provided assumes the purpose of the loan is to purchase or refinance a property.
  • The property is located in Connecticut.
  • The property is an existing single family home and will be used as a primary residence.
  • The rate lock period is 60 days.
  • The assumed credit score is 760.
  • The Interest Rate and Annual Percentage Rate (APR) shown above are subject to change without notice.
  • The Annual Percentage Rate (APR) will vary based on your final loan amount and actual finance charges.
  • Payment does not include real estate taxes, homeowner's insurance premiums or mortgage insurance premiums. If applicable, the actual payment obligation will be greater.
  • Loans are subject to credit and property approval.

Fixed Rate Mortgages

  • The information provided assumes a loan amount of $300,000 and an estimated property value of
  • Examples shown assume 25% cash from borrower.
  • Other rates and terms available.


  • The maximum loan amounts are set by HUD and will change according to the area. Refer to the local FHA guidelines for the maximum loan amounts set by HUD for the area.
  • Total loan amount is $305,250. The base loan amount is $300,000.
  • The total loan amount includes the Upfront Mortgage Insurance Premium of 1.75% of the base loan amount.
  • For purchase transactions for loan amounts <=$625,500, Annual Mortgage Insurance Premiums will be required for 11 years and charged monthly. The amount is not included in the monthly payment example shown above.

Ready to Own

  • This program is specifically tailored to meet the needs of first-time home buyers or those who have not owned a home for a period of three years.
  • Learn more about First-Time Homebuyer Mortgages.

Welcome Home

  • This program is specifically tailored to meet the needs of first-time home buyers or those who have not owned a home for a period of three years.
  • Down payments as low as 3%
  • Combined Loan to Value (CLTV) of 105% 
  • Ability to use an approved down payment assistance program to help pay closing costs
  • Down Payment Assistance from Newtown Savings Bank
  • Learn more about First-Time Homebuyer Mortgages.
Welcome Home Mortgage is subject to application and approval. Home buyer education is required. Purchase price sales of home may not exceed low to- moderate-income (LMI) tract limits established for the specific LMI tract within the towns within Newtown Savings Bank’s Community Reinvestment Act (CRA) areas. Subordinate financing must be from a community agency (meeting GSE Requirements). Financing is for existing single-family homes and warrantable condominiums. Other conditions apply – speak with us for details.