Loan Center
Whether you are purchasing a new home or your first home or simply refinancing. Windsor Federal's lending solutions has competitive mortgage and refinance options to get you from an open house to a closing and to even leverage your mortgage budget.
Start with contacting Windsor Federal's Mortgage Originator:
Triston Crosdale (NMLS# 729928) at
860.280.4967,
Gregg Scalia (NMLS# 800920) at
860.906.6049, or
Jennifer Carreto (NMLS# 829975) at
860-422-5989!
Rates as of 3/18/2024
Fixed Rate Mortgages
Product |
Points |
Interest Rate |
APR |
Payment per $1,000 |
Date |
30 Year Fixed - Purchase/Refinance |
0.000 |
6.375% |
6.623% |
$6.24 |
3/18/2024 |
20 Year Fixed - Purchase/Refinance |
0.000 |
6.250% |
6.575% |
$7.31 |
3/18/2024 |
15 year Fixed - Purchase/Refinance |
0.000 |
5.990% |
6.391% |
$8.43 |
3/18/2024 |
12 Year Fixed - Purchase/Refinance |
0.000 |
5.750% |
6.227% |
$9.63 |
3/18/2024 |
10 Year Fixed - Purchase/Refinance |
0.000 |
5.750% |
6.310% |
$10.98 |
3/18/2024 |
- Rates are for illustrative purposes only and are not locked at time of submission.
- Illustrated Rates are for Single Family Owner Occupied residential mortgage loans up to $726,200 with 740 credit score.
- Annual Percentage Rates (APR) are based on $100,000 for conventional mortgage loans with a 20% down payment. Any down payment less than 20% require a monthly PMI (Private Mortgage Insurance) payment.
- All payments quoted do not include taxes and insurance and actual payment may be greater.
- Payment per $1,000.00 represents the monthly payment based on a $1,000.00 loan at the rate and term indicated.
- Illustrated Rates are for the purchase of owner occupied properties only.
- Subject to credit approval. Rates may also be impacted by other factors. Other terms and conditions may apply. Rates are subject to change without notice.
- Point options available upon request.
Jumbo Loan Rates
Are you looking to purchase a home with a purchase amount that is greater than $548,250 dollars? This might be the right option for you. Rates are subject to change without notice.
Product |
Points |
Interest Rate |
APR |
Payment per $1,000 |
Date |
Jumbo 30 Fixed |
0.000 |
6.500% |
6.751% |
$6.32 |
3/18/2024 |
Jumbo 15 Fixed |
0.000 |
6.115% |
6.519% |
$8.50 |
3/18/2024 |
- Rates are for illustrative purposes only and are not locked at time of online submission. Please call 860-688-8511 for more details.
- 1 - 4 Family Owner Occupied residential mortgage loans up to $970,200.
- Annual Percentage Rates (APR) are based on Single Family Owner Occupied Homes at $726,201 loan amount with a 20% down payment and 740 credit score.
- All payments quoted do not include taxes and insurance and actual payment may be greater.
- Payment per $1,000.00 represents the monthly payment based on a $100,000.00 loan at the rate and term indicated.
- Rates are for to the purchase of owner occupied properties only and are subject to change without notice.
- Subject to credit approval. Rates may also be impacted by other factors. Other terms and conditions may apply. Rates are subject to change without notice.
- Please call 860-688-8511 for loan amounts over $970,200
Adjustable Rate Mortgages
An adjustable rate mortgage or ARM, is a home loan that starts with a low fixed-interest rate for 3, 5, 7 or 10 years, followed by periodic rate adjustments. The Adjustable Rate Mortgage might be the right option for you. Rates are subject to change without notice.
Product |
Points |
Interest Rate |
APR |
Payment per $1,000 |
Date |
3 Year / 6 month Adjustable Rate* |
0.000 |
5.875% |
7.931% |
$5.92 |
3/18/2024 |
5 Year / 6 month Adjustable Rate** |
0.000 |
6.125% |
7.690% |
$6.08 |
3/18/2024 |
7 Year / 6 month Adjustable Rate*** |
0.000 |
6.250% |
7.499% |
$6.16 |
3/18/2024 |
10 Year / 6 month Adjustable Rate**** |
0.000 |
6.375% |
7.281% |
$6.24 |
3/18/2024 |
The interest rate will remain fixed until the first bi-annual adjustment date and is subject to increase or decrease after consummation. Adjustments are based on an index based on a 30-day compounded average of SOFR (SOFR Index) plus a 3.00% margin. Information about the index is published by the Federal Reserve Bank of New York and can be found at https://www.newyorkfed.org/markets/reference-rates/sofr-averages-and-index . However, at no time will the Annual Percentage Rate (APR) ever be higher than 18.00% regardless of this index which is based on a 30-day compounded average of SOFR (SOFR Index) rate.
Rates at time of application are for illustrative purposes only, and are not locked at time of online submission. Please call for more details!
- Illustrated rates are for 1 - 4 Family Owner Occupied Residential Loans up to $726,200. Additional property eligibility requirements apply.
-
Annual Percentage Rates (APR) are based on $100,000 for conventional loans with a 20% down payment and no escrow waiver fees.
-
Any down payment less than 20% would require a monthly PMI (Private Mortgage Insurance) payment and is subject to approval.
- Maximum APR of 18.000%.
- All payments quoted do not include taxes and insurance and actual payment may be greater.
- The illustrated interest rate is for the initial fixed term (10, 7, 5, or 3 years) based on a $100,000.00 loan amount amortized over a 30 year life of loan term.
- Payment per $1,000.00 represents the monthly payment based on a $100,000.00 loan at the rate and term indicated.
- Subject to credit approval. Rates may also be impacted by other factors. Other terms and conditions may apply. Rates are subject to change without notice.
********************************************************************************************************************************************************************************
*Repayment terms on the 3 Year/6 Month ARM with zero points are: 36 payments in the amount of $5.92 per $1,000 borrowed at an interest rate of 5.875%. Followed by 324 payments in the amount of $7.16 per $1,000 borrowed at an interest rate of 7.875% which represents the maximum interest rate at the time of the 1
st bi-annual adjustment. The minimum interest rate at the time of first bi-annual adjustment is 3.875% in the amount of $4.78 per $1000. The life of loan interest rate cap is 5.000% over the initial rate or 10.875% for this example. The life of loan interest rate floor is 3.00% .
**Repayment terms on the 5 Year/6 Month ARM with zero points are: 60 payments in the amount of $6.08 per $1,000 borrowed at an interest rate of 6.125%. Followed by 300 payments in the amount of $7.27 per $1,000 borrowed at an interest rate of 8.125% which represents the maximum interest rate at the time of the 1
st bi-annual adjustment. The minimum interest rate at the time of first bi-annual adjustment is 4.125% in the amount of $4.98 per $1000. The life of loan interest rate cap is 5.000% over the initial rate or 11.125% for this example. The life of loan interest rate floor is 3.00%.
***Repayment terms on the 7 Year /6 Month ARM with zero points are: 84 payments in the amount of $6.16 per $1,000 borrowed at an interest rate of 6.250%. Followed by 276 payments in the amount of $9.14 per $1,000 borrowed at an interest rate of 11.250% which represents the maximum interest rate at the time of the 1
st bi-annual adjustment. The minimum interest rate at the time of first bi-annual adjustment is 3.000% in the amount of $4.52 per $1000. The life of loan interest rate cap is 5.000% over the initial rate or 11.250% for this example. The life of loan interest rate floor is 3.00%.
****Repayment terms on the 10 Year/6 Month ARM with zero points are: 120 payments in the amount of $6.24 per $1,000 borrowed at an interest rate of 6.375%. Followed 240 payments in the amount of $8.94 per $1,000 borrowed at an interest rate of 11.375% which represents the maximum interest rate at the time of the 1
st bi-annual adjustment. The minimum interest rate at the time of first bi-annual adjustment is 3.000% in the amount of $4.69 per $1000. The life of loan interest rate cap is 5.000% over the initial rate or 11.375% for this example. The life of loan interest rate floor is 3.00% .
Tap into your home's equity.
Are you looking to make renovations and repairs to your existing home to improve the quality of your home?
Stop by any
local branch today or
call us and Windsor Federal will put you in touch with the right person to get you started!
Home Equity Fixed
Product |
Points |
Interest Rate |
APR |
Payment per $1,000 |
Date |
3 Years (36 Month) |
0.000 |
6.500% |
6.500% |
$30.65 |
3/18/2024 |
5 Years (60 Months) |
0.000 |
6.500% |
6.500% |
$19.57 |
3/18/2024 |
7 Years (84 Months) |
0.000 |
6.750% |
6.750% |
$14.97 |
3/18/2024 |
10 Years (120 Months) |
0.000 |
6.875% |
6.875% |
$11.55 |
3/18/2024 |
15 Years (180 Months) |
0.000 |
7.000% |
7.000% |
$8.99 |
3/18/2024 |
Windsor Federal Savings will pay the Appraisal Fee, Credit Report Fee, Title Search Fee and Recording Fee with the following exceptions:
Loans above $200,000 - Appraisal Fee collected at application and Title Search Fee , Lender's Title Insurance, and Recording Fees charged at closing.
- Maximum Combined Loan-To-Value 80% of subject property's appraised value.
- All payments quoted do not include taxes and insurance and actual payment may be greater.
- Subject to credit approval.
- Rates subject to change at anytime without notice.
- Consult your tax advisor regarding the duductibility of interest.
Partnership Plus Line of Credit (HELOC)
Product |
APR (Annual Percentage Rate) |
Payment per $1,000 |
Date Current As Of |
25 Years (10 Year Draw Period) |
8.000%* |
$6.58** |
3/18/2024 |
The annual percentage rate is variable and will be based on the value of an index and adding a margin of -0.50 to the value of the index. The index is the most recently published Prime Rate as of each day in the "Money Rates" table in The Wall Street Journal. (If more than one index value is published, we will use the highest published index value.).
**This means you will pay $6.58 in interest over a 30 day period for every $1000 of your line of credit drawn on during the interest only draw period if the APR of 8.000% does not change during that time.
For financing of Single Family Residential Dwellings with loan amounts between $10,000-$400,000 and the property is used as your primary residence or second home:
- Windsor Federal Bank will pay the Appraisal Fee, Credit Report Fee, Flood Certificate Fee, Appraisal Review Fee, Title Search Fee, and Recording Fee estmated to be between $404.15 - $524.15
For financing of 2-4 Family Residential Dwellings with loan amounts between $10,000-$400,000 and the property is used as your primary residence or second home:
- Windsor Federal Bank will pay the Credit Report Fee, Flood Certificate Fee, Title Search Fee, and Recording Fee estmated to be between $252.15 - $372.15
- You will be responsible to pay for the Appraisal Fee and Appraisal Review Fee after providing your intent to proceed with the application and prior to ordering these services estimated to be $785.00
For financing of 1-4 Family Residential Dwellings with loan amounts greater than $400,000 you are responsible to pay all closing cost estimated to be between $3,027.15 - $3147.15
The following terms and conditions apply:
- For applicants whos primary qualifying income is reportable on IRS form 1040 a direct depost of this income to a Windsor Federal Bank Consumer Deposit Account by the time of consumation is required.
- For applicants whos primary qualifying income is reportable on IRS form 1120,1120s, or 1065 a Primary Business Operating Deposit Account with Windsor Federal bank is required by the time of consumation.
- Maximum Combined Loan-To-Value 80% of subject property's appraised value.
- Minimum line of credit amount of $10,000 applies.
- All payments quoted do not include taxes and insurance and actual payment may be greater.
- Minimum Credit Advance Amount of $500.
- Annual fee of $30.
- Total Term is 25 years; 10-year draw period & 15-year repayment period.
- Hazard Insurance (flood insurance, if applicable) is required.
- The maximum Annual Percentage Rate (APR) will not exceed 18.000% and the minimum Annual Percentage Rate (APR) will not be below 3.500%.
- Subject to credit approval. Other terms and conditions may apply. Rates are subject to change without notice.