Buyer’s Boost Mortgage
10% down and No PMI
Our Special Home Loan Program for Borrowers with Strong Credit Scores.
Features of a TSB Buyer’s Boost Mortgage:
TSB Buyer’s Boost Mortgage Program allows well-qualified borrowers to get our competitive rates while putting as little as 10% down.
Even better – there’s no private mortgage insurance (PMI) to pay with this home loan program, so you get a mortgage with the all the benefits of a great rate and a lower down payment but without the extra monthly expense of PMI. Best still – this program is available to you whether you’re a first time home buyer or have bought houses before. If you’ve got a credit score of 720+ and the property is in Connecticut, you can apply for a Buyer’s Boost Mortgage to purchase your next home.
- Requires at least 10% down payment
- No PMI required
- Requires minimum credit score of 720
- Available up to $850,000
- Program available for qualified applicants on purchases of owner-occupied 1 or 2 family homes or condos in CT
How Can We Help?
Buyer’s Boost – Purchase – No MI – 30 Year Fixed Rate
Effective Date: May 9, 2025
| Rate | APR | Points | ||
|---|---|---|---|---|
| 3.000 | 3.042 | .50 | Get a Personalized Rate | Learn More |
Buyer’s Boost – Purchase – No MI – 30 Year Fixed Rate Jumbo
Effective Date: May 9, 2025
| Rate | APR | Points | ||
|---|---|---|---|---|
| 3.500 | 3.541 | .50 | Get a Personalized Rate | Learn More |
Explore Our Other Options
Refi Boost
Torrington Savings Bank’s Refi Boost allows well-qualified borrowers to refinance and get competitive rates and No Private Mortgage Insurance.
Mortgage Refinancing
When it comes to a home loan, lower rates are not always better. Since you bought your home, your individual needs and circumstances might have changed, but are you a good candidate to refinance?
Construction Mortgage
A Torrington Savings Bank Construction Mortgage is a great option to finance home construction.
Jumbo mortgage
Jumbo mortgage is the industry term for home loan amounts ranging from $548,251 to $2,000,000.
Conventional Mortgages
Torrington Savings Bank conventional mortgages offer great rates with flexible term options, and low fees & closing costs.
First Time Homebuyers
TSB helps first time borrowers become new homeowners with a special program designed to make buying a first home more affordable.
Buyer's Boost Details:
Buyer’s Boost – Purchase – No MI – Fixed Rate
Maximum loan limit is $647,200.00 Payment example: $100,000.00 loan at 4.75% for 360 months (30 years) is a monthly payment of $521.65. This does not include taxes or insurance escrow. APR’s based on $100,000.00 mortgage, 20% down payment. 60 day commitment. Any change of loan after commitment issued – $400.00 fee. Property insurance is required. Flood insurance may be required. Properties with underground fuel storage tanks are not eligible. Rates reflect discount for Auto-Pay from a Torrington Savings Bank account. Add 0.25% to rate without Auto-Pay. Application fee ranges from $578.59 to $605.87 on single family, existing, owner occupied properties; and $728.59 to $755.87 on new construction. Application fee includes cost of appraisal and credit reports. Available to borrower(s) at a maximum loan to value of 90% without the need for Mortgage Insurance. 1-2 Family, owner occupied or second home; no Investment. Purchase only. Minimum FICO of 720. Loans not fitting the requirements above will be required to qualify for and obtain borrower paid Mortgage Insurance. Conventional LTV (loan to value) 80.01% to 90% may require MI. No Prepayment Penalty. Consult a loan representative for more details. Interest rates are subject to change at any time, without notice and may vary according to the property and loan characteristics.
Buyer’s Boost – Purchase – No MI – Jumbo
Minimum loan limit is $647,201.00. Maximum loan limit $1,000,000.00. Payment example: $100,000.00 loan at 4.75% for 360 months (30 years) is a monthly payment of $521.65. This does not include taxes or insurance escrow. APR’s based on $100,000.00 mortgage, 20% down payment. 60 day commitment. Any change of loan after commitment issued – $400.00 fee. Property insurance is required. Flood insurance may be required. Properties with underground fuel storage tanks are not eligible. Rates reflect discount for Auto-Pay from a Torrington Savings Bank account. Add 0.25% to rate without Auto-Pay. Application fee ranges from $728.59 to $755.87 on single family, existing, owner occupied properties; and $828.59 to $855.87 on new construction. Application fee includes cost of appraisal and credit reports. Available to borrower(s) at a maximum loan to value of 90% without the need for Mortgage Insurance. 1-2 Family, owner occupied or second home; no Investment. Purchase only. Minimum FICO of 720. Loans not fitting the requirements above will be required to qualify for and obtain borrower paid Mortgage Insurance. Conventional LTV (loan to value) 80.01% to 97% may require MI. No Prepayment Penalty. Consult a loan representative for more details. Interest rates are subject to change at any time, without notice and may vary according to the property and loan characteristics.
