Great mortgage rates with the benefits of Banking Local!

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

30-Year Fixed Rate Mortgage

5.3750% Rate  / 5.448% APR
0 points / Monthly Principal & Interest  Payment: $839.96

Ready to Own 30-Year Fixed Rate Mortgage 

5.375% Rate  / 5.448% APR
0 points / Monthly Principal & Interest  Payment: $839.96

Welcome Home 30-Year Fixed Rate Mortgage 

5.250% Rate  / 5.322% APR
0 points / Monthly Principal & Interest  Payment: $828.31

Compare and save! The current national average 30-year fixed rate mortgage for the week of December 1, 2022 is 7.320%*.  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.

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Rates effective December 1, 2022
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 740.
  • 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 $150,000 and an estimated property value of
    $200,000.
  • Examples shown assume 25% cash from borrower.
  • Other rates and terms available.

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. 
Ready to Own  Mortgage is subject to application and approval. Home price and income limits apply. Other conditions apply – speak with us for details.
 

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.

*Source: Bankrate.com