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Litchfield Bancorp does not offer, broker, make or sell non-traditional, sub-prime or non-prime home loans as defined in Connecticut Public Act 08-176, an Act Concerning Responsible Lending and Economic Security.
There are no application fees or closing costs for loans up to $100,000.
| As of July 27, 2010 |
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FIXED HOME EQUITY LOANS
We'll take an additional 0.125% off any of our Fixed Home Equity loan rates if you have the payment automatically debited from your Litchfield Bancorp Freedom Plus Checking Account!
Rates below are for new customers only; existing customers must take at least $20,000 "new money" |
 Minimum Amount |
Maximum Amount |
Rate |
Annual Percentage Rate (APR) |
Maximum Term in Years |
Payment per
$1,000 Borrowed |
| $7,500 |
$49,999 |
5.000% |
5.000% |
3 |
$29.97 |
| $50,000 |
$100,000 |
4.750% |
4.750% |
3 |
$29.86 |
| |
| $7,500 |
$49,999 |
5.125% |
5.125% |
5 |
$18.97 |
| $50,000 |
$100,000 |
4.875% |
4.875% |
5 |
$18.81 |
| |
| $7,500 |
$49,999 |
5.250% |
5.250% |
7 |
$14.25 |
| $50,000 |
$100,000 |
5.000% |
5.000% |
7 |
$14.13 |
| |
| $7,500 |
$49,999 |
5.375% |
5.375% |
10 |
$10.79 |
| $50,000 |
$100,000 |
5.125% |
5.125% |
10 |
$10.67 |
| |
| $7,500 |
$49,999 |
5.500% |
5.500% |
15 |
$8.17 |
| $50,000 |
$100,000 |
5.250% |
5.250% |
15 |
$8.04 |
| |
| $7,500 |
$49,999 |
5.500% |
5.500% |
20 |
$6.89 |
| $50,000 |
$100,000 |
5.375% |
5.375% |
20 |
$6.81 |
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The payment example above does not include amounts for taxes and insurance premiums (if applicable) and, if the credit is secured by a first lien, the actual payment obligation may be greater. First or second lien postion is required. Loan available only for single family owner-occupied homes and approved condominiums; not available on properties listed for sale. Property insurance is required. Flood insurance may be required. Minimum loan amount is $7,500. Loan amounts exceeding $100,000 will be considered on an exception basis. Requests for Home Equity Loans that are an exception to policy may be upcharged a standard .625% over the published rate. Maximum Total Loan to Value is 75%. NY residential properties and loans over $100,000 may incur closing costs. |
| HOME EQUITY LINE OF CREDIT |
| Please contact us for Current Information on our Home Equity Line of Credit loans. |
RATES ARE SUBJECT TO CHANGE WITHOUT NOTICE.
PLEASE CONTACT OUR MORTGAGE ORIGINATOR
JENNIFER IVES-GROEBL For current rate quotes
(860) 393-9145 or (860) 482-9707
Evening interviews by appointment
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