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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 January 31, 2012 |
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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" |
 Loan
Program |
Rate |
Annual Percentage Rate (APR) |
Payment per $1000 borrowed at maximum
term |
| 1 - 5 years |
3.750 % |
3.750 % |
$18.30 |
| 6 - 10 years |
4.500 % |
4.500 % |
$10.36 |
| 11 - 15 years |
4.990% |
4.990% |
$7.91 |
| 16 - 20 years |
5.250% |
5.250% |
$6.74 |
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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
position 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 up-charged a standard .625% over the published rate. Maximum Total Loan
to Value is 80%. 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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