Current Loan Rates at Washington Trust
Mortgages
- Fixed Rate Mortgage
- Jumbo Fixed Rate Mortgage
- Adjustable Rate Mortgage
- Rhode Island Housing
- VA Loans, FHA Loans
Home Equity
Personal Loans
Real Estate Loans
Fixed Rate Mortgages (up to $766,550)
Product Term | Points | Rate | APR* | Monthly Payment** | Payment Calculator |
---|---|---|---|---|---|
30 Year | 0 | 6.500 | 6.602 | 6.32 | Your monthly cost |
30 Year | 1 | 6.125 | 6.320 | 6.08 | Your monthly cost |
20 Year | 0 | 6.500 | 6.634 | 7.46 | Your monthly cost |
20 Year | 1 | 6.125 | 6.383 | 7.24 | Your monthly cost |
15 Year | 0 | 5.990 | 6.152 | 8.43 | Your monthly cost |
15 Year | 1 | 5.750 | 6.068 | 8.30 | Your monthly cost |
10 Year | 0 | 6.125 | 6.357 | 11.16 | Your monthly cost |
10 Year | 1 | 5.750 | 6.202 | 10.98 | Your monthly cost |
Payments shown do not include taxes or insurance. Your payments may be greater.
These rates are for Rhode Island, Connecticut and Massachusetts properties.
*Annual Percentage Rate (APR) subject to change without notice.
**Per $1,000 Borrowed.
Owner-occupied single family properties only. APR based on 40% downpayment and 0 points. Downpayment of less than 20% requires mortgage insurance. Property and flood insurance where required.
Jumbo Fixed Mortgage (over $766,550)
Product Term | Points | Rate | APR* | Monthly Payment** | Payment Calculator |
---|---|---|---|---|---|
30 Year | 0 | 6.875 | 6.942 | 6.57 | Your monthly cost |
30 Year | 1 | 6.625 | 6.788 | 6.40 | Your monthly cost |
20 Year | 0 | 6.875 | 6.962 | 7.68 | Your monthly cost |
20 Year | 1 | 6.500 | 6.713 | 7.46 | Your monthly cost |
15 Year | 0 | 6.750 | 6.858 | 8.85 | Your monthly cost |
15 Year | 1 | 6.500 | 6.766 | 8.71 | Your monthly cost |
Payments shown do not include taxes or insurance. Your payments may be greater.
These rates are for Rhode Island, Connecticut and Massachusetts properties.
*Annual Percentage Rate (APR) subject to change without notice.
**Per $1,000 Borrowed.
Owner-occupied single family properties only. APR based on 40% downpayment and 0 points. Downpayment of less than 20% requires mortgage insurance. Property and flood insurance where required.
Adjustable Rate Mortgage
Product Term | Term | Rate | Points | APR | Monthly Payment** |
---|---|---|---|---|---|
5/6 Jumbo ARM Caps: 2% initial, 1% every six months, 5% lifetime | 30 Years | 6.750 | 0 | 7.478 | For months 1 to 60, the payment per $1000 is $6.49. Based on the current index and margin, for months 61 to 360, the rate would be 7.125% and the payment per $1000 is $7.15. |
5/6 Jumbo ARM Caps: 2% initial, 1% every six months, 5% lifetime | 30 Years | 6.375 | 1 | 7.425 | For months 1 to 60, the payment per $1000 is $6.24. Based on the current index and margin, for months 61 to 360, the rate would be 7.125% and the payment per $1000 is $7.20. |
7/6 Jumbo ARM Caps: 5% initial, 1% every six months, 5% lifetime | 30 Years | 6.625 | 0 | 7.279 | For months 1 to 84, the payment per $1000 is $6.40. Based on the current index and margin, for months 85 to 360, the rate would be 7.125% and the payment per $1000 is $7.38. |
7/6 Jumbo ARM Caps: 5% initial, 1% every six months, 5% lifetime | 30 Years | 6.375 | 1 | 7.247 | For months 1 to 84, the payment per $1000 is $6.24. Based on the current index and margin, for months 85 to 360, the rate would be 7.125% and the payment per $1000 is $7.41. |
10/6 Jumbo ARM Caps: 5% initial, 1% every six months, 5% lifetime | 30 Years | 6.750 | 0 | 7.184 | For months 1 to 120, the payment per $1000 is $6.49. Based on the current index and margin, for months 121 to 360, the rate would be 7.125% and the payment per $1000 is $7.83. |
10/6 Jumbo ARM Caps: 5% initial, 1% every six months, 5% lifetime | 30 Years | 6.500 | 1 | 7.116 | For months 1 to 120, the payment per $1000 is $6.32. Based on the current index and margin, for months 121 to 360, the rate would be 7.125% and the payment per $1000 is $7.88. |
Payments shown do not include taxes or insurance. Your payments may be greater.
These rates are for Rhode Island, Connecticut and Massachusetts properties.
*Annual Percentage Rate (APR) subject to change without notice.
**Per $1,000 Borrowed.
Index is the 30-day average SOFR. APR is variable and may increase after closing. Owner-occupied Rhode Island, Connecticut and Massachusetts single family properties only. APR based on 20% downpayment and 0 points. Downpayment of less than 20% requires mortgage insurance. Property and flood insurance where required. Subject to credit approval.
Rhode Island Housing, VA Loans & FHA Loans
Turn to the lender Rhode Islanders have trusted for 200+ years. Call (800) 475-2265 today for a quote.
Home Equity Loans
Maximum Term | APR* | Monthly Payment** |
---|---|---|
60 Months | 7.125 | $19.86 |
120 Months | 7.375 | $11.80 |
180 Months | 7.625 | $9.34 |
240 Months | 7.875 | $8.29 |
360 Months | 9.000 | $8.05 |
Payments shown do not include taxes or insurance. Your payments may be greater. These rates are for Connecticut, Massachusetts, New Hampshire, and Rhode Island properties.
The above rates require auto deduction from a Washington Trust checking account. Single-family, owner-occupied primary residences or second homes only. Maximum loan-to-value of 80% up to $400,000. Property Insurance required.
*Annual Percentage Rate
**Per $1,000 Borrowed
Home Equity Line of Credit - Low Introductory APR
6.99% Intro APR* for initial 12 months and then APR changes as shown below:
Line Amount | APR as low as* |
---|---|
$25,000 - $249,999 | 7.875% |
$250,000 - $400,000 | 7.625% |
* Payments shown do not include taxes or insurance. Your payments may be greater. Properties must be located in Connecticut, Massachusetts, New Hampshire, or Rhode Island. All loans subject to credit and underwriting approval. Introductory Annual Percentage Rate (APR) of 6.99% is fixed for the first 12 months. After the introductory rate the APR is a variable rate and will be based on the Wall Street Journal’s Prime Rate which is 7.75% as of 11/8/2024. The APR becomes Prime Rate minus .125% on lines of $250,000 - $400,000; Prime Rate plus .125% on lines of $25,000 - $249,999. Your APR will vary monthly if the Prime Rate changes but will not exceed 18.00% or be less than 2.75%. Account closure fee of $350 for lines up to $500,000 or $500 for lines over $500,000 will be assessed if the account is closed within the first three years. A Washington Trust personal checking account is required. Annual fee of $50 due each year of the draw period beginning with the 13th billing cycle. Some home improvement projects may be subject to inspection fees and a satisfactory completion certificate. Subject to the recording fee of approximately $88 in RI and $110-$217 in CT, MA, and NH. Ownership must be personally held property only- No Trusts or LLCs allowed. 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. Other fees 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. Offer available for a limited time only and may be withdrawn at any time. Consult your tax advisor regarding the deductibility of interest.
Home Equity Line of Credit
Line Amount | APR as low as* |
---|---|
$25,000 - $249,999 | 7.875% |
$250,000 - $1,000,000 | 7.625% |
* Payments shown do not include taxes or insurance. Your payments may be greater. Properties must be located in Connecticut, Massachusetts, New Hampshire, or Rhode Island. All loans subject to credit and underwriting approval. The APR is a variable rate and will be based on the Wall Street Journal’s Prime Rate which is 7.75% as of 11/8/2024. Your APR will vary monthly if the Prime Rate changes but will not exceed 18.00% or be less than 2.75%. Account closure fee of $350 for lines up to $500,000 or $500 for lines over $500,000 will be assessed if the account is closed within the first three years. A Washington Trust personal checking account is required. Annual fee of $50 due each year of the draw period beginning with the 13th billing cycle. Some home improvement projects may be subject to inspection fees and a satisfactory completion certificate. Subject to the recording fee of approximately $88 in RI and $110-$217 in CT, MA, and NH. Trust review fees of $250 may apply if property is held in a trust. Other restrictions may apply. Other fees 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 $500,000. Consult your tax advisor regarding the deductibility of interest.
Unsecured Personal Loans
Loan Amount | Term | APR* | Monthly Payment** |
---|---|---|---|
$1,500 - $10,000 | 60 Months | 15.650 | $24.14 |
$10,001 - $15,000 | 60 Months | 13.750 | $23.15 |
This product is not available for debt consolidation or education purposes.
These rates are for Connecticut, Massachusetts, and Rhode Island residents.
The above rates require auto deduction from a Washington Trust checking account.
*Annual Percentage Rate
**Per $1,000 Borrowed
Overdraft Protection
APR** | Monthly Payment | |
---|---|---|
Credit Reserve* | 18.000 | Greater of 5% of outstanding balance or $25.00 |
These rates are for Connecticut, Massachusetts, and Rhode Island residents.
*Annual fee of $24.99 applies. Waived with a Freedom Plus or Ultra checking relationship Monthly late fee of $5.00 may apply.
**Annual Percentage Rate
Land Loans (Buildable Land)
Loan to Value | Maximum Term | APR* | Monthly Payment** |
---|---|---|---|
Up to 65% LTV | 60 Months | 8.240 | $20.39 |
120 Months | 8.540 | $12.42 | |
180 Months | 8.740 | $9.99 |
These rates are for Connecticut, Massachusetts, and Rhode Island properties.
The above rates require auto deduction from a Washington Trust checking account.
*Annual Percentage Rate
**Per $1,000 Borrowed
Manufactured Homes on Leased Land
70% Loan to Value
Maximum Term | APR* | Monthly Payment** |
---|---|---|
60 Months | 9.424 | $20.76 |
120 Months | 9.611 | $12.87 |
144 Months | 10.082 | $11.88 |
These rates are for Connecticut, Massachusetts, and Rhode Island properties.
The above rates require auto deduction from a Washington Trust checking account.
Original fee equal to 1% of loan amount.
*Annual Percentage Rate
**Per $1000 Borrowed
Prime Rate
Wall Street Prime Rate | 8.00 |
Prime Rate effective date September 19, 2024.