Torrington Savings Bank

Construction Mortgages:

Torrington Savings Bank offers a single closing construction-to-permanent fixed rate mortgage program for the construction of a new owner-occupied home. The loan begins with a one year interest-only construction period followed by an automatic conversion to the repayment loan in the 13th month. Interest payments during the construction period are based on the portion of the loan that is advanced.

  
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Construction Loan - Fixed Rate

Rates as of Tuesday, December 4, 2018

Interest RateAnnual Percentage RatePointsPayment per $1,000Apply
15 Year Fixed Rate - Construction
4.375%4.498%0.000$7.97
4.250%4.524%1.000$7.91
4.125%4.552%2.000$7.85
20 Year Fixed Rate - Construction
4.625%4.723%0.000$6.60
4.500%4.717%1.000$6.53
4.375%4.712%2.000$6.47
30 Year Fixed Rate - Construction
4.750%4.822%0.000$5.30
4.625%4.784%1.000$5.22
4.500%4.747%2.000$5.15