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Loan Rates

 

Fixed Rate Mortgages (up to $417,000)

Product TermPointsRateAPR**Monthly Payment
Per $1,000 Borrowed
30 Year
Payments shown do not include taxes or insurance. Your payments may be greater.
04.1254.197$4.85
20 Year
Payments shown do not include taxes or insurance. Your payments may be greater.
03.8753.974$5.99
15 Year
Payments shown do not include taxes or insurance. Your payments may be greater.
03.3753.501$7.09
10 Year
Payments shown do not include taxes or insurance. Your payments may be greater.
03.0003.181$9.66

All rates effective as of July 25, 2014
These rates are for Rhode Island, Connecticut and Massachusetts properties.
Please contact one of our mortgage professionals
for the rate in your state.

**Annual Percentage Rate (APR) subject to change without notice.
Owner-occupied properties (1-4 family) only.
APR based on 25% downpayment and 0 points. Downpayment of less than 20%
requires mortgage insurance. Property and flood insurance where required.

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Jumbo Fixed Mortgage (over $417,000)

We offer competitive rates on Jumbo Loans up to $3 million.
Turn to the lender New Englanders have trusted for more than 212 years.
Call 800-475-2265 today for a quote or click here to find a mortgage specialist.

 

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Adjustable Rate Mortgage (ARM up to $417,000)

Product TermTermRatePointsAPR**Monthly Payment
Per $1,000 Borrowed
(figured on 360 payments)
5/1 ARM(br)Caps: 2% annual,(br)5% lifetime
Payments shown do not include taxes or insurance. Your payments may be greater.
30 years3.25003.182For months 1 to 60, the payment per $1000 is $4.35Based on the current index and margin, for months 61 to 360, the rate would be 2.875% and the payment per $1000 is $4.15
7/1 ARM(br)Caps: 2% annual,(br)5% lifetime
Payments shown do not include taxes or insurance. Your payments may be greater.
30 years3.50003.334For months 1 to 84, the payment per $1000 is $4.49. Based on the current index and margin, for months 85 to 360, the rate would be 2.875% and the payment per $1000 is $4.15.

All rates effective as of July 25, 2014
These rates are for Rhode Island, Connecticut and Massachusetts properties.
Please contact one of our mortgage professionals
for the rate in your state.

**Annual Percentage Rate (APR) subject to change without notice.
Index is the 1-year T-bill. APR is variable and may increase after closing.
Owner-occupied Rhode Island, Connecticut and Massachusetts properties (1-4 family) only.
APR based on 20% downpayment and 0 points. Downpayment of less than 20%
requires mortgage insurance. Property and flood insurance where required.

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Rhode Island Housing Mortgages


Turn to the lender Rhode Islanders have trusted for more than 212 years.
Call 800-475-2265 today for a quote or click here to find a mortgage specialist.

 

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Home Equity Loan*

Maximum TermAPR**Monthly Payment
Per $1,000 Borrowed
48 Months2.991$22.12
60 Months2.995$17.96
120 Months3.995$10.12
180 Months4.995$7.90
240 Months5.996$7.16
360 Months6.506$6.32

The above rates require auto deduction from a Washington Trust checking or savings account. Minimum loan amount of $15,000 up to $500,000. Interest rate is determined by individual credit worthiness and loan-to-value. Primary and secondary residence up to 80% LTV, up to $400,000. Twenty percent (20%) new money requirement for WTC refinanced loans. Property Insurance required.

All rates effective as of July 25, 2014
These rates are for Rhode Island, Connecticut and Massachusetts properties.
Please contact one of our mortgage professionals
for the rate in your state.
**Annual Percentage Rate

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Home Equity Line of Credit - Low Introductory APR

1.99% Intro APR* for initial 6 months
 and then APR changes as shown below:

Line AmountAPR as low as**
$25,000 - $74,9994.058 %
$75,000 - $149,9993.550 %
$150,000+3.297 %

*As of 4/2/14, 1.99% Introductory Annual Percentage Rate (APR) is for the initial 6 months.
** As of 4/2/14, after the initial 6 months, your APR will vary monthly if the Prime Rate changes but will not exceed 18.00% or be less than 3.00%. As of 4/2/14, the interest rate is as follows: Prime + .75% for line amounts of $25,000-$74,999; Prime +.25% for line amounts $75,000-$149,999; Prime +0% for line amounts $150,000 or greater. Check the Wall Street Journal for the current Prime Rate. Account closure fee of $350 for lines up to $500,000 or $500 for lines over $500,000 will apply if line is paid off and closed within first three years. Freedom Plus Checking account is required for this product. Annual fee of $50 is waived for the first year. Initial draw/transfer of $25,000 to a third party at closing is required. Some home improvement projects may be subject to property inspection fees of $100 to $300, final title inspection fee of $100 and a satisfactory completion certificate. Subject to recording fees of approximately $74 in RI, and $93-177 in MA and CT. Trust review fees of $100 to $250 may apply if property is held in a trust. Not intended for homes currently for sale or intended to be sold within 12 months of closing. Offer available for new lines only. Other restrictions may apply. Property insurance is required. Flood insurance where required by law. Single-family, owner-occupied primary residences or second homes only. Maximum loan-to-value of 80% up to $400,000. Subject to credit approval. Offer available for a limited time only and may be withdrawn at any time. Consult your tax advisor regarding the deductibility of interest. Above information is for Rhode Island, Connecticut and Massachusetts properties. MEMBER FDIC.

All rates effective as of July 25, 2014
These rates are for Rhode Island, Connecticut and Massachusetts properties.
Please contact one of our mortgage professionals
for the rate in your state.

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Home Equity Line of Credit

Line AmountAPR as low as**
$15,000 - $74,9994.058 %
$75,000 - $149,9993.550 %
$150,000+3.297%

**Annual Percentage Rate (APR).As of 8/27/13, advertised APRs based on .25% reduction for Freedom Plus checking account relationship. As of 8/27/13, the interest rate is as follows with a Freedom Plus checking account relationship: Prime + .75% for line amounts of $15,000-$74,999; Prime +.25% for line amounts $75,000-$149,999; Prime +0% for line amounts $150,000 or greater. Your APR will vary monthly if the Prime Rate changes but will not exceed 18.00% or be less than 3.00%. Check the Wall Street Journal for the current Prime Rate. Account closure fee of $350 for lines up to $500,000 or $500 for lines over $500,000 will apply if line is paid off and closed within first three years. Annual fee of $50.00 applies; waived in first year with Freedom Plus checking account. Some home improvement projects may be subject to property inspection fees of $100 to $300, final title inspection fee of $100 and a satisfactory completion certificate. Subject to recording fees of approximately $74 to $93. Trust review fees of $100 to $250 may apply if property is held in a trust. Property insurance is required. Flood insurance where required by law. Single-family, owner-occupied primary residences or second homes only. Maximum loan-to-value of 80% up to $400,000. Subject to credit approval.Consult your tax advisor regarding the deductibility of interest. Above information is for Rhode Island, Connecticut and Massachusetts properties. MEMBER FDIC.

All rates effective as of July 25, 2014
These rates are for Rhode Island, Connecticut and Massachusetts properties.
Please contact one of our mortgage professionals
for the rate in your state.

**Annual Percentage Rate

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Unsecured Personal Loans

Loan AmountTermAPR**Monthly Payment
Per $1,000 Borrowed
$1,500 - $10,00060 Months15.40$24.01
$10,001 - $15,00060 Months13.50$23.02

The above rates require auto deduction from a Washington Trust checking or savings account.

All rates effective as of July 25, 2014
These rates are for Rhode Island, Connecticut and Massachusetts loans.
Please contact one of our mortgage professionals
for the rate in your state.
**Annual Percentage Rate

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Auto/Truck Loans

Loan to ValueTermAPR**Monthly Payment
Per $1,000 Borrowed
NEW*(2014/2013) Up to 100% LTV36 Months4.253$29.55
 48 Months4.253$22.62
 72 Months5.254$16.16
USED*(2013-2008) Up to 85% LTV36 Months4.995$29.97
 48 Months5.506$23.26
 54 Months5.996$21.18
USED*(2007 or Older) Up to 75% LTV24 Months8.510$45.46

The above rates require auto deduction from a Washington Trust checking or savings account.

All rates effective as of July 25, 2014
These rates are for Rhode Island, Connecticut and Massachusetts loans.
Please contact one of our mortgage professionals
for the rate in your state.
**Annual Percentage Rate

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Motorcycles

Loan to ValueTermAPR**Monthly Payment
Per $1,000 Borrowed
NEW* Up to 85% LTV48 Months10.00$26.36
 60 Months10.507$21.34
USED*(2013 - 2008) Up to 80% LTV36 Months11.010$32.74

The above rates require auto deduction from a Washington Trust checking or savings account.

All rates effective as of July 25, 2014
These rates are for Rhode Island, Connecticut and Massachusetts loans.
Please contact one of our mortgage professionals
for the rate in your state.
**Annual Percentage Rate

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Marine and RV

Loan to ValueTermAPR**Monthly Payment
Per $1,000 Borrowed
NEW Up to 70% LTV Max Loan Amount $50,00084 Months9.50$16.35
 120 Months9.75$13.09
 144 Months10.00$11.96
USED Up to 60% LTV Max Loan Amount $25,00036 Months10.50$32.51
 48 Months11.00$25.85
 60 Months11.50$22.00

The above rates require auto deduction from a Washington Trust checking or savings account.

All rates effective as of July 25, 2014
These rates are for Rhode Island, Connecticut and Massachusetts loans.
Please contact one of our mortgage professionals
for the rate in your state.
**Annual Percentage Rate

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Overdraft Protection***

 APR**Monthly Payment
Per $1,000 Borrowed
Credit Reserve18.00*n/a

*n/a - monthly payment equal to the greater of 5% of outstanding balance or $25.00

All rates effective as of July 25, 2014
These rates are for Rhode Island, Connecticut and Massachusetts loans.
Please contact one of our mortgage professionals
for the rate in your state.
**Annual Percentage Rate
***Annual fee of $24.99 applies.  Waived with a Freedom Plus checking relationship.  Monthly late fee of $5.00 may apply.

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Land Loans (Buildable Land)

Loan to ValueMaximum TermAPR**Monthly Payment
Per $1,000 Borrowed
Up to 70% LTV60 Months7.99$20.28
 120 Months8.29$12.29
 180 Months8.49$9.85

The above rates require auto deduction from a Washington Trust checking or savings account.

All rates effective as of July 25, 2014
These rates are for Rhode Island, Connecticut and Massachusetts loans.
Please contact one of our mortgage professionals
for the rate in your state.
**Annual Percentage Rate

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Manufactured Homes on Leased Land*

70% Loan to Value
Maximum TermRateAPR**Monthly Payment
Per $1,000 Borrowed
60 Months5.746.152$19.41
120 Months6.096.311$11.26
144 Months7.747.938$10.80

The above rates require auto deduction from a Washington Trust checking or savings account.
Original fee equal to 1% of loan amount.

All rates effective as of July 25, 2014
These rates are for Rhode Island, Connecticut and Massachusetts loans.
Please contact one of our mortgage professionals
for the rate in your state.
**Annual Percentage Rate

 

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