Adjustable Mortgage Loan Rates

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

Current Index: 3.950%
Margin: 2.750%
Caps: 2% at each adjustment; 6% Lifetime
The maximum repayment term is 30 years.

*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 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.

*Rate may be increased after consummation

**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.

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 $1,500,000.

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. Loans are available for properties located within a 30-mile radius of Winchester Savings Bank. 

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.

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.

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: 3.970%

Margin: 2.750%

Caps: 2% at each adjustment; 6% LIfetime

The maximum repayment term is 30 years.

Closing costs apply.

*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 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.

*Rate may be increased after consummation
**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. 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 $1,500,000
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.

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.