Mortgages

Purchasing or building a new home, need to refinance an existing mortgage, want to use the equity in your home for renovations, tuition or debt consolidation …you’ve come to the right place. Naugatuck Savings Bank can help you make your dreams come true. With an array of financing options, we have the loan to suit your borrowing needs.

Fixed Rate Mortgages

If you are looking for the stability of a fixed rate for the life of your mortgage, then a Fixed Rate Mortgage is the right choice for you. Monthly payments change only if your taxes or insurance premiums change. The 30 year mortgage is the most common term and it's the plan that families find most appealing because of its predictable monthly payments. Other terms offered are 15 and 20 year mortgages which also offer you the security of a fixed interest rate. Apply Now

Bi-weekly Mortgages

Our bi-weekly mortgage option allows you to make payments on your mortgage every two weeks. Our bi-weekly alternative may better coincide with your paycheck schedule and will help you pay off your mortgage earlier. We offer 15 and 30 year fixed bi-weekly mortgages.

Adjustable Rate Mortgages

An adjustable rate mortgage (ARM) may be a good option if you are a first time homebuyer, if you plan on selling your home before your mortgage is paid off or if you anticipate a growing income stream. These types of loans typically offer a lower initial interest rate than a fixed rate mortgage. Since the rate is lower, the monthly principal and interest payments are lower, which may help you qualify for a larger mortgage amount. You may choose to fix the initial rate for 1, 3 or 5 years. Your rate will adjust annually after that. Terms are available up to 30 years. Apply Now

Jumbo Fixed Rate Mortgages

For those who need to borrow larger amounts, we offer Jumbo Mortgages. These fixed rate mortgages are available in terms up to 30 years.

First Time Home Buyers and Government Sponsored Loan Programs

We have developed special loan programs tailored especially for the needs of first time home buyers. With specially allotted funding to qualified buyers in our surrounding communities, this program features below market interest rates and low down payment options. Your appraisal fee is refundable at closing. Click here to learn more.

Government sponsored loan programs such as CHFA Mortgages are also available. Click here to learn more.

Construction Financing

Naugatuck Savings Bank offers a One Step Construction mortgage that requires just one closing for those who need to borrow funds for the construction of a new home. Rates and terms vary with the type of loan.

Reverse Mortgages

Reverse Mortgages are a financing alternative for older borrowers who want to take advantage of the equity in their homes. A Reverse Mortgage is a loan against your home that you do not have to pay back as long as you live there. It can be paid to you all at once, as a regular monthly advance, or at times and in amounts that you choose. You pay the money back plus interest when you die, sell your home, or permanently move out of your home. Click here to learn more. Certain restrictions apply.

3 Easy Ways to Apply

Apply Online

Naugatuck Savings Bank offers you the convenience of applying for a mortgage online! You can apply any day and any time from the convenience of your home or office. Simply log on and complete the application. You will hear from an experienced mortgage representative once your application is received. Apply Now

Visit a Branch

Naugatuck Savings Bank has 14 conveniently located offices for you to apply for a mortgage. Visit one nearest you.

Schedule an Appointment

If you would like to meet with someone to complete an application and can't make it into one of our branches, you can call and schedule an appointment with one of our mortgage lenders. They are available to meet with you at your convenience. To set up an appointment, call Bruce Fitzgerald at 203.525.7763, Marco Cabral at 203.560.3526, Donna DiMichele at 203.217.5767 or Diane Dornfried-Jacobson at 203.528.8853 or 860.251.0762.