Today's Featured Rates

First time homebuyer options, construction lending, biweekly payment options-these are just a few of the many options we offer to meet your lending needs.

Click here to learn more about our products, or contact a mortgage specialist today and find the lending option that's right for you!

Interest rates are subject to change at any time without notice.   Rates Effective: 5/16/2018 2:02 PM
PAYMENTS DO NOT INCLUDE TAXES AND INSURANCE AND THEREFORE THE PAYMENT OBLIGATION WILL BE GREATER.
FIRST MORTGAGE LOANS HOME EQUITY LOANS AND LINES OF CREDIT
Rate Points (%) APR* $ PER $1000 Rate Points (%) APR* $ PER $1000
Conforming Rates (Loan amounts $453,100 or less) (1) Home Equity Loans (Loan amounts up to $300,000) (3)
30 Year Fixed     4.700% 0 4.776% $5.19 5 Year Fixed     3.240% 0 3.240% $18.08
359 payments of $1,426.25 and 1 payment of $1,426.25 on a loan amount of $275,000.00.              
7 Year Fixed     3.625% 0 3.625% $13.50
15 Year Fixed     3.990% 0 4.112% $7.39              
179 payments of $2,032.76 and 1 payment of $2,032.76 on a loan amount of $275,000.00. 10 Year Fixed     3.740% 0 3.740% $10.00
             
Jumbo Rates (Loan amounts over $453,100; up to $1,000,000) (2) 15 Year Fixed     4.240% 0 4.240% $7.52
30 Year Fixed     4.575% 0 4.631% $5.11              
359 payments of $2,555.76 and 1 payment of $2,555.76 on a loan amount of $500,000.00. Home Equity Lines of Credit (line amounts up to $300,000) (4)
Line of Credit - 10 Year Draw, 15 Year Repayment 4.240% 0 4.240%  
15 Year Fixed     3.865% 0 3.952% $7.33    Prime Rate minus .51%            
179 payments of $3,664.71 and 1 payment of $3,664.71 on a loan amount of $500,000.00.              
             
Please contact a loan officer for pricing on loans over $1,000,000. Please contact a loan officer for pricing on loans over $300,000.
*Annual Percentage Rate
Important Loan Information                            
(1) The information provided assumes the following: purpose of the loan is to purchase an existing single family home that will be used as a primary residence for the borrower(s);  a loan amount of $275,000, no subordinate financing, and an estimated property value of $459,000.00 (loan to value of less than or equal to 60.00%); property is located in CT or RI; representative credit score is 740 or greater. An escrow (impound) account is required; the actual monthly payment will include amounts for these item and are not included in the payments estimated above.   The available rate lock period is 60 days.
(2) The information provided assumes the following: purpose of the loan is to purchase an existing single family home that will be used as a primary residence for the borrower(s);  a loan amount of $500,000, no subordinate financing, and an estimated property value of $834,000.00 (loan to value of less than or equal to 60.00%); property is located in CT or RI; representative credit score is 740 or greater. An escrow (impound) account is required; the actual monthly payment will include amounts for these item and are not included in the payments estimated above.   The available rate lock period is 60 days.
(3) Annual Percentage Rate (APR) is for owner occupied homes with a minimum 20% equity. Loan terms 60 to 180 months for loan amounts from $5,000 to $300,000. Please contact us for loan amounts over $300,000. 5 year rate based on 5 year loan, 60 monthly payments per $25,000 at 2.99% APR is $449.11; 10 year rate based on 10 year loan, 120 monthly payments per $25,000 at 3.49% APR is $247.10; 15 year rate based on 15 year loan, 180 monthly payments per $25,000 at 3.99% APR is $184.80. Payments do not include taxes and insurance, therefore the payment obligation will be greater. Property cannot be listed for sale. Property insurance is required and flood insurance may be required. No Chelsea Groton application or closing costs apply. Properties held in trust are subject to a $150 fee. A pre-payment penalty will apply if loan is closed and discharged within 2 years of activation. The prepayment fee for first 2 years of activation is 2% of initial loan amount. Contact the bank for home equity loans without prepayment penalties. Subject to credit approval, not all applicants will qualify. This offer is not a commitment to lend. Program, rates, terms and conditions are subject to change at any time without notice. This offer is only available to properties located in CT and RI. Other restrictions may apply. 
(4) Annual Percentage Rate (APR) will be variable for the life of the loan. The annual percentage rates described includes only interest and no other costs.  The interest only draw period is approximately 10 years with the APR being based on an index minus 0.51%. The draw period index is the highest United States Prime Rate as published in the Eastern Edition of the Wall Street Journal preceding the start of each monthly billing period (4.50% as of 12/14/2017). The APR will never be less than 3.99% nor more than the lesser of 18% or the maximum permitted by applicable state law.   The repayment period is approximately 15 years, interest is calculated by adding a margin of 3.75% to the value of a U.S. Treasury Securities Index reviewed and adjusted annually. Offer valid for one-to-four unit family owner-occupied CT and RI properties only with a minimum of 20% equity (loan to value ratio equals 80% or less). Monthly payments of interest only during the draw period may cause your monthly payment to increase, possibly substantially, once your credit line transitions into the repayment period. Minimum line of credit is $5,000 and maximum is $300,000 for these terms. Please contact us for line amounts between $300,000 and $1,000,000. Offered rates and terms may change at any time and vary by loan amount and loan-to-value ratio. Other rates and terms available. Not available on homes currently listed for sale. Property insurance required. Flood insurance may be required. Subject to credit approval; not all applicants will qualify. No Chelsea Groton Bank application or closing costs apply. Properties held in trust are subject to a $150 trust review fee. A prepayment penalty will apply if line is closed and discharged within 36 billing cycles for CT properties, 12 billing cycles for RI properties. CT prepayment fee for 1st 24 complete billing cycles is 2% of line credit limit, next 12 complete billing cycles it is 1% of line credit limit. RI prepayment fee for 1st 12 complete billing cycles is 2% of line credit limit. Contact the bank for lines of credit without prepayment penalties. This offer is not a commitment to lend. Offer available for a limited time only and may be withdrawn at any time.