Mortgage Rates from Webster Bank February 15, 2010

Webster Bank is a Connecticut based bank that offers mortgages in all 50 states.  Webster Bank not only offers a variety of mortgage loans with competitive mortgage rates but also provides traditional consumer banking, business banking, mortgage banking, insurance, financial planning, trust and investment services with a network of over 180 bank branch locations in four states.

Webster Bank offers a comprehensive selection of home loan products from FHA loans to new construction financing. 

Webster Bank offers standard fixed rate mortgages on a variety of programs for both conventional and jumbo loans.  The bank offers adjustable rate mortgages for borrowers who may be looking for a lower initial rate to help qualify for a larger loan.  Webster Bank also offers competitive fixed and adjustable rates on jumbo home loans. 

Government loan programs available through Webster Bank include FHA loans, VA loans and Connecticut Housing Finance Authority loans.  Webster Bank FHA loans offers low interest rates combined with low down payment requirements.

The bank’s construction lending options provide one consolidated loan for land and new construction, so there is only one loan closing.  Construction loans are available for stick-build, modular, or pre-fabricated homes.  Mortgage loans for new construction are available with various interest rate options, including fixed rate and interest-only programs.

A sample of current mortgage rates offered by Webster Bank includes the following terms:

A 15 year fixed rate mortgage has a mortgage rate of 4.250% with no points and an APR of 4.363%. 

A 30 year fixed rate mortgage has a mortgage rate of 4.875% with no pints and an APR of 4.942%.

A 5/1 adjustable rate mortgage has a rate of 4.000% with no pints and a 3.328% APR.

For shorter fixed period, the bank offers a 3/1 adjustable rate mortgage with a rate of 4.875% with no pints and a 3.152% APR.

Mortgage rates are subject to change.  The mortgage rates posted are current as of February 15, 2010; actual rates may vary based on credit qualifications, loan amount, down payment, term and property location.  All home loans are subject to credit approval and the bank approval process.

Mortgage loans are available in all states some restrictions may apply.  For current mortgage rates or to speak with a Webster Bank mortgage loan representative about their home loan products, call 1.888.681.7788.