First Time Homebuyer Program Rates
For up-to-the minute rates, please call Mortgage Loan Originator Lori Grillo (NMLS #729931) at 860-688-8511. Rates at time of application are for illustrative purposes only, and are not locked at time of online applicaiton completion.  Please call for more details!

Rates as of Thursday, February 2, 2012
Points Interest Rate Annual Percentage Rate Payment per $1,000 Payments Apply
3 Year / 1 Year Adjustable Rate - FTHB
(3 year fixed rate to 1 year adjustable thereafter) 30 Year
0.000 3.625% 3.090% $4.56 Show Payments and Rates
5 Year / 1 Year Adjustable Rate - FTHB
(5 year fixed rate to 1 year adjustable thereafter) 30 Year
0.000 3.874% 3.277% $4.70 Show Payments and Rates
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. However, at no time will your rate ever be lower than 3.999% or higher than 18.00% regardless of the 1 year US Treasury rate.
  • Rates at time of application are for illustrative purposes only, and are not locked at time of online application completion.  Please call for more details!
  • 1 - 4 Family Owner Occupied First Time Homebuyer Residential Loans up to $292,455.
  • Maximum Sales Price: $301,500.
  • Income limit of $81,000 for a household of 2 or less; $93,150 for 3 or more.
  • Must be a First-Time Homebuyer.
  • As little as 3% percent down-payment. (Private Mortgage Insurance is required for down-payments less than 20%).
  • 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.
  • Minimum Credit Score: 620.
  • Minumum APR 3.999%; 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 3 or 5 years depending on product. The maximum increase could be 2% yearly cap with a maximum of 5% lifetime cap over the life of the loan.
  • Subject to credit approval.
  • Other terms and conditions may apply.
  • Rates subject to change at anytime without notice.
  • Lending Area: Hartford, Tolland and Litchfield counties only.