Adjustable Rate Mortgages (ARM) Purchase
For up-to-the minute rates, please call our Loan Servicing Department at 860-688-8511.

Rates as of Wednesday, July 23, 2008
Points Interest Rate APR Payment per $1,000 Payments Apply
1 Year Adjustable 30 Year
0.000 4.999% 5.037% $5.37 Show Payments
3 Year / 1 Year Adjustable Rate (3 year fixed rate to 1 year adjustable thereafter) 30 Year
2.000 4.875% 5.185% $5.30 Show Payments
1.000 5.125% 5.157% $5.45 Show Payments
0.000 5.375% 5.130% $5.60 Show Payments
5 Year / 1 Year Adjustable Rate (5 year fixed rate to 1 year adjustable thereafter) 30 Year
2.000 5.125% 5.265% $5.45 Show Payments
1.000 5.375% 5.271% $5.60 Show Payments
0.000 5.625% 5.277% $5.76 Show Payments
7 Year / 1 Year Adjustable Rate (7 year fixed rate to 1 year adjustable thereafter) 30 Year
0.000 5.875% 5.480% $5.92 Show Payments
10 Year / 1 Year Adjustable Rate (10 year fixed rate to 1 year adjustable thereafter) 30 Year
0.000 6.124% 5.776% $6.08 Show Payments
The contract rates will remain fixed until the first adjustment date and are subject to increase or decrease after consummation. Adjustments based on the 1 year US Treasury weekly constant plus a 2.75% margin.
  • 1 - 4 Family Owner Occupied Residential Loans up to $417,000.
  • Annual Percentage Rates (APR) are based on $100,000 for conventional loans with a 20% down payment. Any down payment less than 20% would require a monthly PMI (Private Mortgage Insurance) payment.
  • Maximum APR 18%
  • Initial Unit Cost represents the monthly payment during the initial fixed term based on a $1,000.00 loan at the discounted rate for a 30 year term.
  • Payment per $1,000.00 represents the monthly payment based on a $1,000.00 loan at the rate and term indicated.
  • At the adjustment which could be in 1, 3, 5, 7 or 10 years depending on product. The maximum increase could be 2% yearly cap with a maximum of 5% lifetime cap (6% lifetime cap for 1 year) over the life of the loan.
  • Subject to credit approval.
  • Rates apply to the purchase or non cash out refinancing of owner occupied properties only and are subject to change without notice.
  • Other terms and conditions may apply.