Adjustable Mortgage Loan Rates

APR = Annual Percentage Rate and is subject to change at any time.

Current Index: 3.990%
Margin: 2.750%
Caps: 2% at each adjustment; 6% Lifetime
The maximum repayment term is 30 years.

*If property is located in a city/town within our CRA Assessment area (Arlington, Beverly, Danvers, Lexington, Lynn, Malden, Medford, Melrose, Peabody, Reading, Salem, Saugus, Stoneham, Wakefield, Winchester or Woburn) deduct .25% from rate.

*If borrower(s) are eligible for WSB Affordable Program, deduct .75% from rate if total household income is less than or equal to 80% HUD Median Income limit or deduct .50% from rate if total household income is greater than 80% HUD Median Income limit and less than or equal to 120% HUD Median Income limit. Loan must close with the WSB Affordable Program Product.

*A .25% discount from the standard rate is available through our Preferred Rate Discount Program. Eligibility for this program requires automatic monthly payments from a Winchester Savings Bank
checking account with recurring deposit.

*If applicable rate discounts are cumulative.

**Payments during the introductory period are based on the introductory rate; subsequent payments are based on the fully-indexed rate, which is based on the current index and margin.

*Rate may be increased after consummation

-Rates, APR (Annual Percentage Rate) may be higher based on factors such as loan amount, borrowers credit score, Loan-to-Value ratio and occupancy or property type.

-Rates shown are based on a down payment of 20% or more on owner-occupied, single family, excellent credit score 775 or greater and a maximum loan amount of $1,750,000*.

-For all the above programs, these payments do not include amounts for taxes and insurance. The actual payment will be greater if taxes and insurance are included. 

-Subject to credit approval and property appraisal. Rates, points and programs are subject to change at any time. This is not a commitment to lend.

-Ask about our Investment Property or Construction-To-Permanent Loan Financing. Investment Property and Construction-to-Permanent Loans are not eligible for Preferred Rate Discount Program.

-Loan amounts greater than $1,750,000 may be considered.  Speak to Residential Loan Officer for specifics.

Concessions made by Winchester Savings Bank to benefit the First Time Home Buyer:

• No points
• Rates discounted .125% from standard ARM rates

APR = Annual Percentage Rate and is subject to change at any time.

Current Index: 3.990%

Margin: 2.750%

Caps: 2% at each adjustment; 6% LIfetime

The maximum repayment term is 30 years.

Closing costs apply.

*If property is located in a city/town within our CRA Assessment area (Arlington, Beverly, Danvers, Lexington, Lynn, Malden, Medford, Melrose, Peabody, Reading, Salem, Saugus, Stoneham, Wakefield, Winchester or Woburn) deduct .25% from rate.

*If borrower(s) are eligible for WSB Affordable Program, deduct .75% from rate if total household income is less than or equal to 80% HUD Median Income limit or deduct .50% from rate if total household income is greater than 80% HUD Median Income limit and less than or equal to 120% HUD Median Income limit. Loan must close with the WSB Affordable Program Product.

*A .25% discount from the standard rate is available through our Preferred Rate Discount Program. Eligibility for this program requires automatic monthly payments from a Winchester Savings Bank checking account with recurring deposit.

*If applicable rate discounts are cumulative.

**Payments during the introductory period are based on the introductory rate; subsequent payments are based on the fully-indexed rate, which is based on the current index and margin.

*Rate may be increased after consummation

-Rates, APR (Annual Percentage Rate) may be higher based on factors such as loan amount, borrowers credit score, Loan-to-Value ratio and occupancy or property type.

-Rates shown are based on a down payment of 20% or more on owner-occupied single family residence excellent credit score 775 or greater and a maximum loan amount of $1,750,000*.

-Neither borrower nor co-borrower can have owned real estate used as a primary residence or as a second home in the past three (3) years.

-Must be owner-occupied purchase.

-For all the above programs, these payments do not include amounts for taxes and insurance.  

-The actual payment will be greater if taxes and insurance are included.

-Subject to credit approval and property appraisal. Rates, points and programs are subject to change at any time. This is not a commitment to lend.

-Loan amounts greater than $1,750,000 may be considered.  Speak to Loan Officer for specifics.