Loan and Mortgage Rates

Rates are subject to change without notice. APR is defined to mean Annual Percentage Rate. $ per $1,000 means monthly payment per $1,000 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.

Residential Mortgages - Current Rates

Effective Date: Monday, November 23, 2020

Residential Mortgages - Current Rates

Program Name RateAPR

15 Year/180 months (Fixed Conforming)1

2.6252.758Apply

20 Year/240 months (Fixed Conforming)1

2.7502.853Apply

30 Year/360 months (Fixed Conforming)1

2.8752.948Apply

1st Time Buyer (Conforming)2

3.0003.054Apply

Make A Change (Conforming)3

3.1253.200Apply

15 Year/180 months (Fixed Jumbo) 4

3.1253.173Apply

HELOC (Other)5

4.0004.000Apply

3/1, 5/1 and 7/1 Conforming and Jumbo Adjustable Rate Mortgages (ARMs) available. Call 860.596.2444 for rates.

Contact Us

1 The information provided assumes the purpose of the loan is to purchase a property, with a loan amount of $220,000 and an estimated property value of $367,000. 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 and the actual payment will be greater.

2 The information provided assumes the purpose of the loan is to purchase a property, with a loan amount of $220,000 and an estimated purchase price of $231,600. 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.

3 The information provided assumes the purpose of the loan is to purchase a property, with a loan amount of $220,000 and an estimated purchase price of $245,000. 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.

4 The information provided assumes the purpose of the loan is to purchase a property, with a loan amount of $1,000,000 and an estimated property value of $1,450,000. 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.

5 The information provided is based on a $100,000 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 4.00%, 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.
Closing Fees: $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 Loans1

Effective Date: Monday, November 23, 2020

Fixed Rate Home Equity Loans1

RateAPR$ per $1,000Terms
5 Year (60 Months) 3.995.057 18.75Rate with automatic payment from your Salisbury Bank checking account.2Apply
7 Year (84 Months)4.99 5.77614.37Rate with automatic payment from your Salisbury Bank checking account.2Apply
10 Year (120 Months)5.255.82010.90Rate with automatic payment from your Salisbury Bank checking account.2Apply
5 Year (60 Months)4.25 5.31918.86Apply
7 Year (84 Months) 5.256.03914.49Apply
10 Year (120 Months)5.756.32611.14Apply

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.

1Home 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. Maximum loan amount is $100,000. 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 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.

2Rate 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 Equity Line of Credit1

Effective Date: Monday, November 23, 2020

Home Equity Line of Credit1

RateAPR$ per $1,000Terms
View current rates and termsApply

Geographic restrictions apply. For more information about home equity lines of credit, contact us.

1Home 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.

Home Improvement Loans1

Effective Date: Monday, November 23, 2020

Home Improvement Loans1

RateAPR$ per $1,000Terms
36 Months 3.99% 3.99%$29.52Unsecured, with automatic payment from your Salisbury Bank checking account.2How to Apply
48 Months4.50%4.50% $22.80Unsecured, with automatic payment from your Salisbury Bank checking account.2How to Apply
60 Months4.99%4.99%$18.87Unsecured, with automatic payment from your Salisbury Bank checking account.2How to Apply
36 Months4.99%4.99%$29.97UnsecuredHow to Apply
48 Months5.50%5.50% $23.26UnsecuredHow to Apply
60 Months5.99%5.99%$19.33UnsecuredHow to Apply

Geographic restrictions apply. For more information about home improvement loans contact us.

1Subject 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. Maximum loan amount is $25,000.

2Rate 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: Monday, November 23, 2020

Consumer Loans

Fixed RateRateAPR$ per $1,000Terms
Salisbury Bank Deposit Secured Loan4.50%4.50% $18.64 60 months Max 95% LTVHow to Apply
Home Improvement Loan6.99%6.99%$19.8060 months, unsecured Max loan amount $10,000.00How to Apply
New Auto Loan 4.25% 4.25%$22.69Up to 48 months Max 90% LTVHow to Apply
New Auto Loan 4.50% 4.50% $18.64 Up to 60 months Max 90% LTVHow to Apply
Used Auto Loan (2015-2019)5.00%5.00%$18.87Up to 60 months Max 90% LTVHow to Apply
Used Auto Loan (2011-2014)5.25%5.25%$30.08Up to 36 months Max 90% LTVHow to Apply
Personal Loan 15.00% 15.00%$34.6736 months, unsecuredHow to Apply

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