Loan & Mortgage Rates

Rates are subject to change without notice. APR is defined to mean Annual Percentage Rate.  If the loan is secured by a first lien on a dwelling, payments do not include amounts for taxes and insurance premiums. Actual payments will be greater.

Residential Mortgage Rates

Effective Date: Thursday December 1, 2022

Program Name Rate APR

Estimated Monthly Payment*

15 Year/180 months (Fixed Conforming)1

5.375%

5.612%

$1,783.02
20 Year/240 months (Fixed Conforming)1

5.625%

5.815%

$1,528.93

30 Year/360 months (Fixed Conforming)1 6.000% 6.147%

$1,319.01

1st Time Buyer (Conforming)2 6.125% 6.273% $1,336.74
15 Year/180 months (Fixed Jumbo)3 5.875%

5.960%

$8,371.18

HELOC (Other)4 7.000% 7.000% $   583.33

*See assumptions listed below.

If an escrow account is required or requested, the actual monthly payment will also include amounts for real estate taxes and homeowner’s insurance premiums and the actual payment will be greater.

Payments do not include taxes and insurance premiums. The actual payment amount will be greater. An escrow account is required and the actual monthly payment will also include amounts for real estate taxes and homeowner's insurance premiums.

The information provided assumes the purpose of the loan is to purchase a property, with a loan amount of $220,000.00 and an estimated property value of $367,000.00. The property is located in CT and is within Litchfield county. The property is an existing single family home and will be used as a primary residence. An escrow (impound) account is required. The rate lock period is 45 days and the assumed credit score is 740.

2 The information provided assumes the purpose of the loan is to purchase a property, with a loan amount of $220,000.00 and an estimated purchase price of $231,600.00. The property is located in CT and is within Litchfield county. The property is an existing single family home and will be used as a primary residence. An escrow (impound) account is required. The rate lock period is 45 days and the assumed credit score is 700.

Payments do not include taxes and insurance premiums. The actual payment amount will be greater. An escrow account is required and the actual monthly payment will also include amounts for real estate taxes and homeowner's insurance premiums.

The information provided assumes the purpose of the loan is to purchase a property, with a loan amount of $1,000,000.00 and an estimated property value of $1,450,000.00. The property is located in CT and is within Litchfield county. The property is an existing single family home and will be used as a primary residence. An escrow (impound) account is required. The rate lock period is 45 days and the assumed credit score is 740.

If an escrow account is required or requested, the actual monthly payment will also include amounts for real estate taxes and homeowner's insurance premiums.

The information provided is based on a $100,000.00 loan. The property is located in Lakeville, Litchfield county in the State of CT. The property is an existing single family home and will be used as a primary residence. The rate lock period is 0 days. This assumes that the total of all existing mortgages does not exceed 80.% of the property value with an existing Salisbury Bank mortgage.

Interest Rate/APR: Prime Rate as published in the Wall Street Journal, floor rate is currently Prime, the rate is variable and subject to change.
Payment: Minimum monthly payment will be based on interest due.
Term: 10 year draw followed by 10 year repayment period.
Balance Due at End of Loan Term: If you make the minimum monthly payment during the repayment period of your loan on or before the due date, the loan will be paid in full after the repayment period ends.
Application Fee: $100.00 for lines of credit in the amount of $150,000.00 or less.  For lines of credit in the amount of $150,001.00 or greater additional closing fees may apply.

New York State properties will have an additional fee of mortgage tax
Annual Fee: $0.00 Membership or Participation fee: $0.00

Maximum APR is 16.00%

3/1, 5/1 and 7/1 Conforming and Jumbo Adjustable Rate Mortgages (ARMs) available.

Call 860.596.2444 for rates.

Note: Add .25% to published rates for Second Homes

Note: Cash-out refinances maybe subject to higher rates based on loan to values over 65%

Contact Us

Home Equity Lines of Credit are available only for 1-4 family owner-occupied homes and approved condominiums located in selected geographies in Connecticut, Massachusetts and New York and are not available on cooperatives or properties listed for sale.

The Home Equity Line of Credit  is a revolving line of credit which will result in a mortgage on the home. Flood insurance may be required. Minimum loan amount is $10,000. Maximum loan amount is $150,000. Subject to credit approval. Other loan programs available. For loan requests with a Salisbury Bank first mortgage you can borrow up to 80% of the equity in your home. There is a $100.00 application fee. New York State mortgage tax applies to loans secured by property located in New York State. Property insurance is required. Consult your tax advisor regarding the deductibility of interest.

Residential Mortgage Rates

Effective Date: Thursday December 1, 2022

Program Name Rate APR

Estimated Monthly Payment*

15 Year/180 months (Fixed Conforming)1

5.375%

5.612%

$1,783.02
20 Year/240 months (Fixed Conforming)1

5.625%

5.815%

$1,528.93

30 Year/360 months (Fixed Conforming)1 6.000% 6.147%

$1,319.01

1st Time Buyer (Conforming)2 6.125% 6.273% $1,336.74
15 Year/180 months (Fixed Jumbo)3 5.875%

5.960%

$8,371.18

HELOC (Other)4 7.000% 7.000% $   583.33

*See assumptions listed below.

If an escrow account is required or requested, the actual monthly payment will also include amounts for real estate taxes and homeowner’s insurance premiums and the actual payment will be greater.

Payments do not include taxes and insurance premiums. The actual payment amount will be greater. An escrow account is required and the actual monthly payment will also include amounts for real estate taxes and homeowner's insurance premiums.

The information provided assumes the purpose of the loan is to purchase a property, with a loan amount of $220,000.00 and an estimated property value of $367,000.00. The property is located in CT and is within Litchfield county. The property is an existing single family home and will be used as a primary residence. An escrow (impound) account is required. The rate lock period is 45 days and the assumed credit score is 740.

2 The information provided assumes the purpose of the loan is to purchase a property, with a loan amount of $220,000.00 and an estimated purchase price of $231,600.00. The property is located in CT and is within Litchfield county. The property is an existing single family home and will be used as a primary residence. An escrow (impound) account is required. The rate lock period is 45 days and the assumed credit score is 700.

Payments do not include taxes and insurance premiums. The actual payment amount will be greater. An escrow account is required and the actual monthly payment will also include amounts for real estate taxes and homeowner's insurance premiums.

The information provided assumes the purpose of the loan is to purchase a property, with a loan amount of $1,000,000.00 and an estimated property value of $1,450,000.00. The property is located in CT and is within Litchfield county. The property is an existing single family home and will be used as a primary residence. An escrow (impound) account is required. The rate lock period is 45 days and the assumed credit score is 740.

If an escrow account is required or requested, the actual monthly payment will also include amounts for real estate taxes and homeowner's insurance premiums.

The information provided is based on a $100,000.00 loan. The property is located in Lakeville, Litchfield county in the State of CT. The property is an existing single family home and will be used as a primary residence. The rate lock period is 0 days. This assumes that the total of all existing mortgages does not exceed 80.% of the property value with an existing Salisbury Bank mortgage.

Interest Rate/APR: Prime Rate as published in the Wall Street Journal, floor rate is currently Prime, the rate is variable and subject to change.
Payment: Minimum monthly payment will be based on interest due.
Term: 10 year draw followed by 10 year repayment period.
Balance Due at End of Loan Term: If you make the minimum monthly payment during the repayment period of your loan on or before the due date, the loan will be paid in full after the repayment period ends.
Application Fee: $100.00 for lines of credit in the amount of $150,000.00 or less.  For lines of credit in the amount of $150,001.00 or greater additional closing fees may apply.

New York State properties will have an additional fee of mortgage tax
Annual Fee: $0.00 Membership or Participation fee: $0.00

Maximum APR is 16.00%

Fixed Rate Home Equity Loans

Effective Date: Thursday December 1, 2022

Type Rate APR $ per $1,000 Terms
5 Year (60 Months) 6.250% 6.527% $19.45 Rate with automatic payment from your Salisbury Bank checking account.1
7 Year (84 Months) 6.750% 6.955% $14.97 Rate with automatic payment from your Salisbury Bank checking account.1
10 Year (120 Months) 7.000% 7.150% $11.61 Rate with automatic payment from your Salisbury Bank checking account.1
5 Year (60 Months) 6.750% 7.028% $19.68  
7 Year (84 Months) 7.250% 7.456% $15.22  
10 Year (120 Months) 7.750% 7.902% $12.00  

$ per $1,000.00 means monthly payment per $1,000.00 borrowed.

If the loan is secured by a first lien on a dwelling, payments do not include amounts for taxes and insurance premiums. Actual payments will be greater.

Geographic restrictions apply. For more information about consumer loans contact us.

Home Equity Loans available only for 1-4 family owner-occupied homes and approved condominiums located in selected geographies in Connecticut, Massachusetts and New York and are not available on cooperatives or properties listed for sale. The Home Equity loan is not a revolving line of credit, but a term loan, which will result in a mortgage on the home. Flood insurance may be required. Minimum loan amount is $25,000.00. Maximum loan amount is $100,000.00. Subject to credit approval. Loan program and rates apply to applicants with FICO scores of 700 or higher. Other loan programs available. For loan requests with a Salisbury Bank first mortgage you can borrow up to 80% of the equity in your home. There is a $500.00 closing fee. New York State mortgage tax applies to loans secured by property located in New York State. Property insurance is required. Consult your tax advisor regarding the deductibility of interest.

1Rate with automatic payment from your Salisbury Bank checking account. Rate discounts are subject to change without notice. Normal checking account service charges may apply; please refer to specific account disclosures for details

Home Improvement Loans

Effective Date: Thursday December 1, 2022

Type Rate APR $ per $1,000 Terms
36 Months 5.500% 5.500% $30.20 Unsecured, with automatic payment from your Salisbury Bank checking account.1
48 Months 6.000% 6.000% $23.49 Unsecured, with automatic payment from your Salisbury Bank checking account.1
60 Months 6.375% 6.375% $19.51 Unsecured, with automatic payment from your Salisbury Bank checking account.1
36 Months 6.250% 6.250% $30.54 Unsecured
48 Months 7.000% 7.000% $23.95 Unsecured
60 Months 7.375% 7.375% $19.98 Unsecured

 $ per $1,000.00 means monthly payment per $1,000.00 borrowed. 

If the loan is secured by a first lien on a dwelling, payments do not include amounts for taxes and insurance premiums. Actual payments will be greater.

Geographic restrictions apply. For more information about consumer loans contact us.

Subject to credit approval. Loan program and rates apply to applicants with FICO scores of 700 or higher. Other loan programs are available. Additional terms and conditions may apply. Loan proceeds available for improvements to1-4 family primary and secondary owner-occupied residences only. Minimum loan amount is $1,000.00. Maximum loan amount is $25,000.00.

1Rate with automatic payment from your Salisbury Bank checking account. Rate discounts are subject to change without notice. Normal checking account service charges may apply; please refer to specific account disclosures for details.

Consumer Loans

Effective Date: Thursday December 1, 2022

Fixed Rate Rate APR $ per $1,000 Terms
Salisbury Bank Deposit Secured Loan 6.250% 6.250% $19.45 60 months Max 95% LTV 
Home Improvement Loan 8.990% 8.990% $20.75 60 months, unsecured Max loan amount $10,000.00
New Auto Loan 5.250% 5.250% $23.14 Up to 48 months Max 90% LTV
New Auto Loan 5.500% 5.500% $19.10 Up to 60 months Max 90% LTV
Used Auto Loan
(2017-2021)
7.000% 7.000% $19.80 Up to 60 months Max 90% LTV
Used Auto Loan
(2013-2016)
7.250% 7.250% $30.99 Up to 36 months Max 90% LTV
Personal Loan 15.000% 15.000% $34.67 36 months, unsecured

 $ per $1,000.00 means monthly payment per $1,000.00 borrowed.

Geographic restrictions apply. For more information about consumer loans contact us.