Home Financing

1. More
Home Financing
Mortgage
Info
Looking to build, buy or refinance?
We can help you bring it home.
We Find a Way

2. More Mortgage Info
Webster Bank is one of the region’s leading We can help you bring it home.
residential lenders, with a branch network that As one of the region’s leading mortgage originators,
covers CT, Southeastern and Southwestern MA, Webster Bank offers the expertise and financing
Westchester County NY and RI, and lending expe- choices to make your dream a reality. Whether it’s
rience nationwide. We offer a wide array of home a new home purchase, refinancing or construction
financing products to fit most any needs. Your project, a Webster loan representative will help
Webster loan representative can help you make you find a way to make it happen — quickly
a clear and informed decision, and guide you and painlessly.
through a fast, simple and easy application process.
Mortgage Pre-Approvals
Webster Home Financing product choices include: Knowing what you can afford before you begin
o Fixed Rate Mortgages house-hunting can help you find the home that’s
o right for you and your budget. And when you do
Adjustable Rate Mortgages
find that dream home, we’ll process your mortgage
o Non-Conforming (Jumbo) Mortgages
request faster. Just call 1-888-681-7788. Once
o First-Time Home Buyer Programs you’re pre-approved, your Realtor and the seller
o Reverse Mortgages will know you’re ready to buy.
o Special Government Programs
o Interest-Only Mortgages Fixed Rate Mortgages
o Construction Mortgage Loans For those who want the same monthly payment
o and interest rate for the life of their loan, Webster’s
Bridge Loans
fixed rate mortgages are a great choice. We offer
o Home Equity Loans and Lines
these loans in both conventional and jumbo
loan amounts.
At Webster, We Find a Way to help you achieve
o Up to 40-year repayment terms
your financial goals by getting to know you,
o Predictable, stable payment terms
building a trusting relationship with you, and
o Interest-only options
providing you with responsive service and the
right solutions.
Adjustable Rate Mortgages
The flexibility of an adjustable rate mortgage
may be a more suitable option for some borrowers.
You have the ability to choose the adjustable
rate program that provides the fixed payment
period that best matches your needs.

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o Interest rate varies over the life of the loan o Federal Housing Authority (FHA)
according to the LIBOR Index and the margin o Veterans Administration (VA)
of the loan o HOPE—Home Ownership Possibilities for
o Lower initial interest rates increase your
Everyone. First-time home buyers program
borrowing power for low to moderate income borrowers in
o Annual and lifetime interest rate caps protect
designated cities in CT, MA, NY and RI.
you in a rising interest rate environment
o Interest-only payments available
Webster also offers a down payment assistance
program through housing authorities for qualified
Non-Conforming (Jumbo) Mortgages applicants for an MHFA or CHFA loan. Ask a
“Jumbo” mortgages can provide home financing Webster loan representative for details.
for individuals who are purchasing or refinancing
properties that require larger loan amounts than Interest-Only Mortgages
Fannie Mae and Freddie Mac guidelines will allow. An interest-only mortgage lets you defer principal
A jumbo mortgage typically has a higher interest payments during a specified period early in the
rate and different down payment requirements loan term, instead of paying principal and interest
than smaller loans due to certain underwriting every month like a regular mortgage. This means
requirements. Webster offers competitive fixed that your monthly payments could be lower during
or adjustable rates and quick approvals on the interest-only period and can be more affordable
jumbo mortgage loan amounts to $1,500,000 for you. An interest-only mortgage may also give
or greater. you the flexibility to make principal payments
when you want to build equity or put the money
Special Government Programs into other investments instead.
Webster works closely with a number of federal,
state and local government agencies to deliver
affordable mortgages and favorable interest
rates for eligible borrowers. The goal is to make
home ownership available to more families in
our communities. Listed below are some of
these agencies.
o Connecticut Housing Finance Authority (CHFA)
o Massachusetts Housing Finance Agency (MHFA)
o Rhode Island Housing Authority (RI Housing)
o State
of New York Mortgage Authority
(SONYMA)

4. More Mortgage Info
Construction Mortgage Loans the existing home, with financing available up to
Building a new home is a major undertaking, 80% of the existing property value.
but with Webster Bank on your team you’ll get
the help you need from start to finish. We’ll Reverse Mortgages
finance the construction costs of your home; even A reverse mortgage enables homeowners 62 years
combine it with your land purchase to save you of age or older to utilize the equity of their home
time and money by having just one closing. We as a tax-free source of cash. With a reverse
can help you determine whether a fixed rate, mortgage, seniors don’t make monthly payments —
adjustable rate or interest-only program fits your they can receive them. This special type of home
needs best. equity loan is not due or payable as long as seniors
o Funds disbursed as work progresses occupy their home as their primary residence.
o Interest-only payments during the
Home Equity Loans and Lines
construction phase on the amount used
o No principal payments until final disbursement
Tap into the available equity in your home with
o After construction, loan converts to a
a home equity loan or home equity line of credit.
Many homeowners, just like you, use their home’s
permanent mortgage without additional
equity to pay for home improvements, consolidate
paperwork or fees — one loan, one closing
high-interest-rate debt, pay for college expenses, or
Bridge Loans to purchase a new car. There are no application
A bridge loan allows for interim financing for fees or closing costs on lines and loans up to and
individuals who are buying or constructing a new including $500,000 (New York residents should
home but have not yet sold or closed on their consult with a tax advisor regarding mortgage
existing home. The “bridge” is a real estate-secured taxes). In most cases, the interest may be tax
line of credit in first or second lien position on deductible. (Please check with your tax advisor
for details.)
Home Equity Loans
A home equity loan offers a fixed rate payment
option. We can arrange for manageable
monthly payments.
Home Equity Lines of Credit
A home equity line of credit is a variable rate,
revolving loan based on the equity available in
your home.

5. More
Mortgage
Info
To apply for your Webster Home Financing, please call
a Webster Loan representative at 1-888-681-7788.
You may also visit a Webster branch to get started.
All loans are subject to credit approval.
Loan programs are subject to change without notice.
LENDER
EQUAL HOUSING
The Webster Symbol, Webster We Find a Way, and Webster Bank, N.A.
Webster Bank are registered in the U.S. Patent and Member FDIC
Trademark Office. Equal Housing Lender
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