Competitive Mortgage Rates in Connecticut You Simply Can’t Ignore

CONVENTIONAL FIXED RATE MORTGAGES View Assumptions & Disclosure >

CONVENTIONAL FIXED RATE RATE MORTGAGES (FRM) – ASSUMPTIONS & DISCLOSURE

Pricing for loan amounts up to a maximum of $647,200 Max LTV (loan-to-value) 95%. Annual Percentage Rate (APR) is based on a $100,000.00 loan. Payment per $10,000 does not include taxes and insurance. Your payment will be greater. Max LTV is based on the lesser of the sale price (if purchase) or appraised value. Homes for sale ineligible. If property held in trust, trust review fee of $300 and attorney closing fees (Estimated $675) will apply. First Time Homebuyer programs available at modified terms. Private mortgage insurance is required on all mortgages that exceed 80% LTV. 10 Year option, Investment Properties, Seasonal Financing, and First Time Homebuyer program not charged for Loan Level Price Adjustments (LLPAs). Investment Properties: (1-4 family): Max Term 30 years, Max LTV 75% (Lead test may be required for all non-owner occupied units built prior to 1978). 10-year term is 50 basis points higher than the 10-year rate listed. 15, 20 or 30 yr term is 50 basis points higher than the 15, 20, or 30-year rates with an additional 1/2 point. Seasonal Financing: 50 basis points higher than 20, 15 or 10 yr rates; Max Term 30 years; Max LTV 75%.- Owner-Occupied Purchase Upon Completion, Second Home, and Construction to Permanent are subject to LLPAs. 120-day rate lock available for Purchase Upon Completion. Second Home must have functional heating/utilities on a year-round basis. Construction to Permanent: +.25 basis points to rate and LLPA, Max LTV 80%. Contact a Loan Officer for more details.

LOAN TERM POINTS RATE ANNUAL PERCENTAGE RATE1 PAYMENT PER $10,0002 APPLY NOW
30 years 0.00% 6.25% 6.41% $61.57 APPLY NOW
(FRM 30 YEAR)
20 years 0.00% 6.13% 6.34% $72.37 APPLY NOW
(FRM 20 YEAR)
15 years 0.00% 5.88% 6.14% $83.71 APPLY NOW
(FRM 15 YEAR)
10 years 0.00% 5.75% 6.12% $109.77 APPLY NOW
(FRM 10 YEAR
View Disclosures

1. Annual Percentage Rate (APR) is based on a $100,000.00 loan. The rate quoted above for the standard Fixed Rate and First Time Homebuyer (FTHB) products are published with a Guilford Savings Bank Access, Preferred Access or Prime Access checking account and having the monthly mortgage payment auto deducted from the account for the life of the loan. If you chose to not have a Guilford Savings Bank Access, Preferred Access or Prime Access checking account and having the monthly mortgage payment auto deducted from the account for the life of the loan the rate is 0.125% higher.
2. Payment per $10,000 does not include taxes and insurance. Your payment will be greater. Monthly payments: 30 year, 360 monthly payments; 20 year, 240 monthly payments; 15 year, 180 monthly payments; 10 year, 120 monthly payments.

Conventional Fixed Rate Mortgages (FRM) – Assumptions & Disclosure

Pricing for loan amounts up to a maximum of $647,200 Max LTV (loan-to-value) 95%. Annual Percentage Rate (APR) is based on a $100,000.00 loan. Payment per $10,000 does not include taxes and insurance. Your payment will be greater. Max LTV is based on the lesser of the sale price (if purchase) or appraised value. Homes for sale ineligible. If property held in trust, trust review fee of $300 and attorney closing fees (Estimated $675) will apply. First Time Homebuyer programs available at modified terms. Private mortgage insurance is required on all mortgages that exceed 80% LTV. 10 Year option, Investment Properties, Seasonal Financing, and First Time Homebuyer program not charged for Loan Level Price Adjustments (LLPAs). Investment Properties: (1-4 family): Max Term 30 years, Max LTV 75% (Lead test may be required for all non-owner occupied units built prior to 1978). 10-year term is 50 basis points higher than the 10-year rate listed. 15, 20 or 30 yr term is 50 basis points higher than the 15, 20, or 30-year rates with an additional 1/2 point. Seasonal Financing: 50 basis points higher than 20, 15 or 10 yr rates; Max Term 30 years; Max LTV 75%.- Owner-Occupied Purchase Upon Completion, Second Home, and Construction to Permanent are subject to LLPAs. 120-day rate lock available for Purchase Upon Completion. Second Home must have functional heating/utilities on a year-round basis. Construction to Permanent: +.25 basis points to rate and LLPA, Max LTV 80%. Contact a Loan Officer for more details.

Biweekly rates available upon request.

ADJUSTABLE RATE MORTGAGES 3, 4 View Assumptions & Disclosure >

ADJUSTABLE RATE MORTGAGES (ARM) – ASSUMPTIONS & DISCLOSURE

Pricing for loan amounts up to a maximum of $647,200 Max LTV (loan-to-value) 95%. Max. term up to 30 Years. Annual Percentage Rate (APR) is based on a $100,000.00 loan. Payment per $10,000 does not include taxes and insurance. Your payment will be greater. Rate may increase after consummation. Max LTV is based on the lesser of the sale price (if purchase) or appraised value. Homes for sale ineligible. If property held in trust, trust review fee of $300 and attorney closing fees (Estimated $675) will apply. First Time Homebuyer programs available at modified terms. Private mortgage insurance is required on all mortgages that exceed 80% LTV. Seasonal Financing: Rate is 50 basis points higher than 30, 20, 15 or 10 yr rates; Max Term 30 years; Max LTV 75%. Purchase Upon Completion and Owner-Occupied Second Home are subject to LLPAs. 120-day rate lock available for Purchase Upon Completion. Owner Occupied Second Home must have functional heating/utilities on a year-round basis. Contact a Loan Officer for more details.

LOAN TERM POINTS RATE ANNUAL PERCENTAGE RATE1 PAYMENT PER $10,0002 APPLY NOW
5/6 ARM 2.00% 4.38% 5.43% 60 @ $49.93 and 300 @ $63.21 APPLY NOW
(ARM 5/6 2PTS)
5/6 ARM 1.00% 4.63% 5.44% 60 @ $51.41 and 300 @ $63.21 APPLY NOW
(ARM 5/6 1PT)
5/6 ARM 0.00% 4.88% 5.44% 60 @ $52.92 and 300 @ $63.21 APPLY NOW
(ARM 5/6 0PT)
7/6 ARM 2.00% 4.50% 5.54% 84 @ $50.67 and 276 @ $63.21 APPLY NOW
(ARM 7/6 2PTS)
7/6 ARM 1.00% 4.75% 5.57% 84 @ $52.16 and 276 @ $63.21 APPLY NOW
(ARM 7/6 1PT)
7/6 ARM 0.00% 5.00% 5.60% 84 @ 53.68 and 276 @ $63.21 APPLY NOW
(ARM 7/6 0PT)
View Disclosures

1. Annual Percentage Rate (APR) is based on a $100,000.00 loan.
2. Payment per $10,000 does not include taxes and insurance. Your payment will be greater. Monthly payments: 30 year, 360 monthly payments; 20 year, 240 monthly payments; 15 year, 180 monthly payments; 10 year, 120 monthly payments.
3. The margin listed for all adjustable rate mortgages above is 2.75% and the fully indexed rate is 2.750%.
4. When the initial fixed interest rate term expires, the interest rate will change to an adjustable interest rate on the change date. The adjustable interest rate may change on the change date and every 6th month thereafter. The rate will be calculated based on an index, which is the 30-day average SOFR rate, as made available by the Federal Reserve Board. The most recent index figure available as of the date 45 days before each change date will be used. This will be called the current index. Before each change date, the new interest rate will be calculated by adding the margin to the current index, resulting in the fully indexed rate. The fully indexed rate is rounded to the nearest one-eighth of one percentage point. This is not a commitment to lend. Rates are subject to change without notice. Our lending area consists of the State of Connecticut, however, some of our products are only available in New Haven, Middlesex and New London Counties. For more information, contact a loan officer. GSB NMLS #517294.

HOME EQUITY LINE OF CREDIT (HELOC) VIEW ASSUMPTIONS & DISCLOSURE >

HOME EQUITY LINE OF CREDIT (HELOC) – ASSUMPTIONS & DISCLOSURE

No points. Credit line limits between $25,000 and $500,000. Maximum Combined Loan To Value (CLTV) is 80%. If existing first mortgage is non-GSB and exceeds $750,000, the maximum CLTV is 60%. Total term is 238 months which includes an interest-only draw period for the initial 9 years and 10 months and then a ten year principal repayment period. No balance transfer required. Annual Membership Fee is $50, waived for the first year. Early termination fee of the lesser of 2% of the initial credit limit or $500 for first two years. Auto pay feature must be maintained for life of loan for rate discount. Your rate will be calculated to the Index which is the Prime Rate which is found in the Money Rate Section of The Wall Street Journal. Annual Percentage Rate (APR) may adjust monthly based on changes in the Index. The minimum APR is 3.25%. The maximum APR is 17%. Loan amounts in excess of $250,000 require a full appraisal, paid by applicant. Title Insurance and property insurance are required. Homes for Sale or intended for sale within the next 6 months are not eligible. If property held in trust, trust review fee of $300 and attorney closing fees (Estimated $675) will apply. Primary residences only (single family, condominium, planned unit development (PUD), duplex).

LOAN TYPE INTEREST RATE GUIDELINES APR1 MAXIMUM AMOUNT MAXIMUM TERM LTV APPLY NOW
All Access Home Equity Line of Credit (primary residence only)
Introductory rate for the first 12 months. Variable rate after the first 12 months; Prime (as published in the Wall Street Journal) (MINUS) a margin (0.25 percentage points). Auto-Pay feature from GSB Access Relationship checking account required. Must maintain minimum draw of $25,000 for first 12 monthly billing cycles.
3.99%
$500,000
240 Months (10 year Draw, 10 year Repay)
80%
APPLY NOW (HELOC ALL ACCESS)
Home Equity Line of Credit (primary residence only)
Prime (as published in the Wall Street Journal) Auto-pay feature required for the life of the line.
Prime (as published in the Wall Street Journal) plus a margin (0.25 percentage points). No Auto-Pay feature required.
7.00%
7.25%
$500,000
$500,000
240 months
240 months
80%
80%
APPLY NOW {HELOC AUTO PAY)
APPLY NOW (HELOC)
HOME EQUITY LOAN VIEW ASSUMPTIONS & DISCLOSURE >

HOME EQUITY LOAN (HEL) – ASSUMPTIONS & DISCLOSURE

No points. Minimum loan amount is $15,000. Maximum loan amount is $500,000 for primary residences and second homes. Maximum loan amount of $250,000 for 1-4 family investment properties. Maximum term of 15 years. Maximum Combined Loan To Value (CLTV) is 80%. If existing first mortgage is non-GSB and exceeds $750,000, the maximum CLTV is 60%. One-to-four family investment properties have a maximum CLTV of 70%. Full appraisal required for loans greater than $250,000, paid by applicant. Title Insurance and property insurance are required. If property held in trust, trust review fee of $300 and attorney closing fees (Estimated $675) will apply. Homes for sale are ineligible. Seasonal and second homes-add 25 basis points to annual percentage rate (APR). All investment property rates are 2.00% higher than stated owner occupied home equity loan rates. All fixed rate home equity loans require an attorney at closing. Attorney fee of $250 paid by applicant.

LOAN TYPE INTEREST RATE GUIDELINES APR1 PAYMENT PER $1,000 MAXIMUM AMOUNT MAXIMUM TERM LTV APPLY NOW
Fixed Rate (owner occupied property only)
4.500%
5.250%
5.500%
4.500%
5.250%
5.500%
$18.64
$10.73
$8.17
$500,000
$500,000
$500,000
5 years
10 years
15 years
80%
80%
80%
APPLY NOW (HELOAN 5 YRS)
APPLY NOW (HELOAN 10 YRS)
APPLY NOW (HELOAN 15 YRS)
Fixed Rate (investment property)All investment property rates are 2.00% higher than stated owner occupied home equity loan rates above.$250,00015 years70%
APPLY NOW (HELOAN INVESTMENT)
View Disclosures

1. Annual Percentage Rate (APR) is based on a $100,000.00 loan.

PERSONAL & AUTO LOANS
LOAN TYPE INTEREST RATE GUIDELINES APR PAYMENT PER $1,0001 MAXIMUM AMOUNT MAXIMUM TERM LTV APPLY NOW
Personal Loans
9.50%
10.00%
9.50%
10.00%
$46.85
$32.27-$25.36
$10,000
$10,000
up to 24 mos
36-48 mos
n/a
n/a
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New Car Loans
3.75%
4.00%
4.25%
4.00%
4.25%
4.50%
3.75%
4.00%
4.25%
4.00%
4.25%
4.50%
$29.41
$22.58
$18.53
$29.52
$22.69
$18.64
$50,000
$50,000
$50,000
$50,000
$50,000
$50,000
3 years
4 years
5 years
3 years
4 years
5 years
80%
80%
80%
90%
90%
90%
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Used Car Loans
4.75%
4.75%
$22.92
$50,000
4 years
NADA Loan Value
LEARN MORE
View Disclosures

This is not a commitment to lend. Rates are subject to change without notice. Our lending area consists of the State of Connecticut, however, some of our products are only available in New Haven, Middlesex and New London Counties. For more information, contact a loan officer. GSB NMLS#517294.

Notes:
1. Monthly payment per $1,000.