With assets of over $1.7 billion and history of more than 160 years, Farmington Bank is an old bank offering professional financial services in CT. For personal customers, the bank offers two main types of loans: home loans and personal loans.
Farmington Bank’s Home Loans
Farmington Bank can provide the best mortgage financing in CT for you to purchase, build a new home or refinance your existing home. There are various options designed for you to choose the right one.
It is only for those who are first time to buy home. The Federal Housing Administration will offer mortgage programs with low interest rates and down payments.
Fixed Rate Home Mortgages
The amount of this fixed rate mortgage is up to $417,000. With that loan, you will only need to pay a fixed payment.
Jumbo Fixed Rate Home Mortgages
With fixed payments, the amount of this type of loan is from $417,001 to $1,500,000.
Adjustable Rate Home Mortgages
It is a flexible type of loans with adjustable interest rates. And its amount is up to $1,500,000. It will come with a low initial interest rate and monthly payment. But the APR or monthly payment may be changed later.
Home Equity Loans
And you can use the Equity of your home to apply for a loan with fixed rate. That is Home Equity Loans.
Home Equity Line of Credit
It is a smart type of service which allows you to access your funds more freely even by writing a check to meet those recurring borrowing needs.
- Site: www.farmingtonbankct.com
- Tel: 877-376-2265