Receive a Personalized Rate Quote. See Disclosures for Details.

Rates and Terms are Subject to Change Without Notice

Rates shown are examples of rates available as of the effective date

Effective Date: February 23, 2024
For Residential Mortgage Loans up to $726,200 (conforming loan amount).
For rates on higher loan amounts, please speak to one of our Mortgage experts.

Residential Mortgage Loans - Rates

APR stands for Annual Percentage Rate

Product Rate1 APR1 Points
30 Year Fixed Rate Mortgage 7.250 7.260 0.00
15 Year Fixed Rate Mortgage 7.000 7.070 0.00
10 Year/6 Month Adjustable Rate Mortgage 7.250 7.539 0.00
7 Year/6 Month Adjustable Rate Mortgage 7.125 7.605 0.00
5 Year/6 Month Adjustable Rate Mortgage 7.000 7.666 0.00

1 Requires AutoPay (automatic deduction from First County Bank checking account).

Home Equity Line of Credit

Product Rate APR Fully Index Rate Discounted For
Prime2 8.50 8.50 8.50 n/a

2 Requires a First County Bank Checking Account and Online Banking.

Disclosures & Repayment Examples

  • The term APR stands for Annual Percentage Rate.
  • The Annual Percentage Rate on an Adjustable Rate Mortgage (ARM) may increase after consummation.
  • The interest rate and APR on an ARM loan is based on the 30-day average secured overnight financing rate, or “SOFR” (the “Index” of 5.33774 as of 12/18/2023) plus a margin of 2.75% (the “Margin”) and is variable and subject to increase or decrease, so your payments may increase or decrease every six months after the initial period.
  • The actual interest rate, APR, and payment may vary based on the specific terms of the loan selected, verification of information, your credit history, the location and type of property, and other factors as determined by us.
  • Interest Rates, APR, maximum loan-to-value and down-payment will differ for non-conforming loans or lines that exceed product limits.
  • The Monthly Payments shown below do not include amounts for real estate taxes and insurance premiums, such as homeowners or private mortgage insurance. For Residential Mortgage Loans escrow account for these amounts is required and will mean your actual Monthly Payment will be higher.
  • Rates are subject to change daily without notice.
  • There is no prepayment penalty.
  • All loans are subject to credit approval.
  • Residential Mortgage Loan Repayment Examples shown below are based on a credit score of 780 or higher.
  • For Residential Mortgage Loans, rates and terms are based on the purchase or refinance of an existing single family dwelling located in Connecticut, that will be used as your primary residence.  APRs are based on 0.0% discount points, $897 origination fees, and $0 in prepaid finance charges due at closing.  For purchases a 25% down payment and 75% maximum loan to value.  Rates shown require automatic deduction of monthly payments from a First County Bank checking account, alternate programs are available.
  • For Home Equity Lines of Credit, the property securing the loan is an existing one-to-four family home located in the State of Connecticut that will be used as your primary residence. Non-eligible properties include CO-OP, condo and investment properties. The disclosed APR is based on $0 origination fee and $0 in additional prepaid finance charges due at closing. A First County Bank Checking Account and Online Banking is required. Terms, conditions, and any fees associated with those services are disclosed in our Checking Account Disclosure, Online Banking Agreement and Consumer Deposit Account Schedule of Charges.

30 Year Fixed Rate Example (See the General Disclosures above for important information)

For a $726,200 loan amount with a 30-year fully amortizing repayment term at a 7.250% interest rate, the APR for this loan would be 7.260%. The monthly payment schedule would be:

  • 359 monthly payments of $4,953.96; and
  • 1 final monthly payment of $4,958.86

15 Year Fixed Rate Example (See the General Disclosures above for important information)

For a $726,200 loan amount with a 15-year fully amortizing repayment term at a 7.000% interest rate, the APR for this loan would be 7.070%. The monthly payment schedule would be:

  • 179 monthly payments of $4,832.89; and
  • 1 final monthly payment of $4,831.48.

10 Year/6 Month Adjustable Rate Mortgage Example (See the General Disclosures above for important information)

For a $726,200 loan amount with a 30-year fully amortizing term at an initial 7.250% interest rate, the APR for this loan would be 7.539%.  After the ten year initial period, the variable interest rate and payment will adjust by a maximum of 5.00% to equal the total of the Index plus the Margin, even if market rates do not change. Thereafter the variable interest rate and payment will adjust every six months and equal the total of the Index plus the Margin.  The maximum periodic change in the interest rate is 1.00%.  The maximum rate increase would be 5.00% above the initial interest rate and the maximum interest rate ever would be 12.250%.  If the interest rate adjusted to the maximum rate (which will not occur until after the tenth year), the maximum monthly payment would be $7,011.01.  Based on the initial interest rate, the payment schedule would be:

  • 120 monthly payments of $4,953.96; and
  • 239 monthly payments of $5,291.56; and
  • 1 final monthly payment of $5,290.39.

7 Year/6 Month Adjustable Rate Mortgage Example (See the General Disclosures above for important information)

For a $726,200 loan amount with a 30-year fully amortizing term at an initial 7.125% interest rate, the APR for this loan would be 7.605%.  After the seven year initial period, the variable interest rate and payment will adjust by a maximum of 5.00% to equal the total of the Index plus the Margin, even if market rates do not change. Thereafter the variable interest rate and payment will adjust every six months and equal the total of the Index plus the Margin.  The maximum periodic change in the interest rate is 1.00%.  The maximum rate increase would be 5.00% above the initial interest rate and the maximum interest rate ever would be 12.125%.  If the interest rate adjusted to the maximum rate (which will not occur until after the seventh year), the maximum monthly payment would be $7,146.68.  Based on the initial interest rate, the payment schedule would be:

  • 84 monthly payments of $4,892.54; and
  • 275 monthly payments of $5,315.85; and
  • 1 final monthly payment of $5,316.95.

5 Year/6 Month Adjustable Rate Mortgage Example (See the General Disclosures above for important information)

For a $726,200 loan amount with a 30-year fully amortizing term at an initial 7.000% interest rate, the APR for this loan would be 7.666%.  After the five year initial period, the variable interest rate and payment will adjust by a maximum of 2.00% to equal the total of the Index plus the Margin, even if market rates do not change. Thereafter the variable interest rate and payment will adjust every six months and equal the total of the Index plus the Margin.  The maximum periodic change in the interest rate is 1.00%.  The maximum rate increase would be 5.00% above the initial interest rate and the maximum interest rate ever would be 8.000%.  If the interest rate adjusted to the maximum rate (which will not occur until after the fifth year), the maximum monthly payment would be $7,169.12.  Based on the initial interest rate, the payment schedule would be:

  • 60 monthly payments of $4,831.43; and
  • 299 monthly payments of $5,332.74; and
  • 1 final monthly payment of $5,330.12.

*The monthly payments must be made by AutoPay (automatic deduction from a First County Bank checking account).

Home Equity Line of Credit – Prime (See the General Disclosures above for important information. The Loan to Value of the Home Equity Line of Credit and any other loan secured by the property does not exceed 70%.)

The Rate is indexed to the daily Prime Rate, as published in the Wall Street Journal (WSJ) (8.50% as of 12/18/2023) plus a margin of 0.00% for the full term of the loan. The rate is a variable rate and can change monthly, but will not exceed 18.00%. This loan will be secured by your dwelling. Property insurance is required. Consult a tax advisor regarding deductibility of interest and charges. A First County Bank Checking Account and Online Banking is required. Request a HELOC Important Terms disclosure for complete details. Terms, conditions, and any fees associated with those services are disclosed in our Checking Account Disclosure, Online Banking Agreement and Consumer Deposit Schedule of Charges.