Current Loan Rates at Washington Trust
Fixed Rate Mortgages (up to $548,250)
| Product Term | Points | Rate | APR* | Monthly Payment** | Payment Calculator |
|---|---|---|---|---|---|
| 30 Year | 0 | 2.875 | 2.939 | 4.15 | Your monthly cost |
| 20 Year | 0 | 2.750 | 2.839 | 5.42 | Your monthly cost |
| 15 Year | 0 | 2.500 | 2.614 | 6.67 | Your monthly cost |
| 10 Year | 0 | 2.375 | 2.540 | 9.37 | Your monthly cost |
All rates effective as of October 29, 2021
These rates are for Rhode Island, Connecticut and Massachusetts properties.
*Annual Percentage Rate (APR) subject to change without notice.
**Per $1,000 Borrowed. Payments shown do not include taxes or insurance. Your payments may be greater.
Owner-occupied single family properties only. APR based on 40% downpayment and 0 points. Downpayment of less than 20% requires mortgage insurance. Property and flood insurance where required.
Jumbo Fixed Mortgage (over $548,250)
| Product Term | Points | Rate | APR* | Monthly Payment** | Payment Calculator |
|---|---|---|---|---|---|
| 30 Year | 0 | 3.125 | 3.163 | 4.28 | Your monthly cost |
| 20 Year | 0 | 3.000 | 3.053 | 5.55 | Your monthly cost |
| 15 Year | 0 | 2.875 | 2.942 | 6.85 | Your monthly cost |
All rates effective as of October 29, 2021
These rates are for Rhode Island, Connecticut and Massachusetts properties.
*Annual Percentage Rate (APR) subject to change without notice.
**Per $1,000 Borrowed. Payments shown do not include taxes or insurance. Your payments may be greater.
Owner-occupied Rhode Island, Connecticut and Massachusetts single family properties only. APR based on 40% downpayment and 0 points. Downpayment of less than 20% requires mortgage insurance. Property and flood insurance where required.
Fixed Rate Mortgages (up to $548,250)
| Product Term | Points | Rate | APR* | Monthly Payment** |
|---|---|---|---|---|
| 30 Year | 0 | 2.875 | 2.939 | 4.15 |
| 20 Year | 0 | 2.750 | 2.839 | 5.42 |
| 15 Year | 0 | 2.500 | 2.614 | 6.67 |
| 10 Year | 0 | 2.375 | 2.540 | 9.37 |
These rates are for Rhode Island, Connecticut and Massachusetts properties.
*Annual Percentage Rate (APR) subject to change without notice.
**Per $1,000 Borrowed. Payments shown do not include taxes or insurance. Your payments may be greater.
Owner-occupied single family properties only. APR based on 40% downpayment and 0 points. Downpayment of less than 20% requires mortgage insurance. Property and flood insurance where required.
Jumbo Fixed Mortgage (over $548,250)
| Product Term | Points | Rate | APR* | Monthly Payment** |
|---|---|---|---|---|
| 30 Year | 0 | 3.125 | 3.163 | 4.28 |
| 20 Year | 0 | 3.000 | 3.053 | 5.55 |
| 15 Year | 0 | 2.875 | 2.942 | 6.85 |
These rates are for Rhode Island, Connecticut and Massachusetts properties.
*Annual Percentage Rate (APR) subject to change without notice.
**Per $1,000 Borrowed. Payments shown do not include taxes or insurance. Your payments may be greater.
Owner-occupied Rhode Island, Connecticut and Massachusetts single family properties only. APR based on 40% downpayment and 0 points. Downpayment of less than 20% requires mortgage insurance. Property and flood insurance where required.
Adjustable Rate Mortgage
| Product Term | Term | Rate | Points | APR* | Monthly Payment** |
|---|---|---|---|---|---|
| 5/6 Jumbo ARM Caps: 2% initial, 1% every six months, 5% lifetime | 30 years | 2.625 | 0 | 2.907 | For months 1 to 60, the payment per $1000 is $4.02 Based on the current index and margin, for months 61 to 360, the rate would be 2.250% and the payment per $1000 is $4.36 |
| 7/6 Jumbo ARM Caps: 5% initial, 1% every six months, 5% lifetime | 30 years | 2.750 | 0 | 2.922 | For months 1 to 84, the payment per $1000 is $4.08. Based on the current index and margin, for months 85 to 360, the rate would be 2.250% and the payment per $1000 is $4.64 |
| 10/6 Jumbo ARM Caps: 5% initial, 1% every six months, 5% lifetime | 30 years | 2.875 | 0 | 2.961 | For months 1 to 120, the payment per $1000 is $4.15. Based on the current index and margin, for months 121 to 360, the rate would be 2.250% and the payment per $1000 is $5.18 |
These rates are for Rhode Island, Connecticut and Massachusetts properties.
*Annual Percentage Rate (APR) subject to change without notice.
**Per $1,000 Borrowed. Payments shown do not include taxes or insurance. Your payments may be greater.
Index is the 30-day average SOFR. APR is variable and may increase after closing. Owner-occupied Rhode Island, Connecticut and Massachusetts single family properties only. APR based on 20% downpayment and 0 points. Downpayment of less than 20% requires mortgage insurance. Property and flood insurance where required. Subject to credit approval.
Rhode Island Housing, VA Loans & FHA Loans
Turn to the lender Rhode Islanders have trusted for 200+ years. Call (800) 475-2265 today for a quote.
Home Equity Loans
| Maximum Term | APR* | Monthly Payment** |
|---|---|---|
| 48 Months | 3.990 | $22.58 |
| 60 Months | 3.990 | $18.42 |
| 120 Months | 4.500 | $10.37 |
| 180 Months | 4.750 | $7.78 |
| 240 Months | 5.996 | $7.16 |
| 360 Months | 6.506 | $6.32 |
These rates are for Rhode Island, Connecticut and Massachusetts properties.
The above rates require auto deduction from a Washington Trust checking or savings account. Minimum loan amount of $15,000 up to $500,000. Interest rate is determined by individual credit worthiness and loan-to-value. Primary and secondary residence up to 80% LTV, up to $400,000. Property Insurance required.
*Annual Percentage Rate
**Per $1,000 Borrowed
Home Equity Line of Credit - Low Introductory APR
1.99% Intro APR* for initial 12 months or 2.40% Intro APR* for initial 24 months and then APR changes as shown below:
| Line Amount | APR as low as** |
|---|---|
| $25,000 - $99,999 | 3.375 % |
| $100,000 - $249,999 | 3.125 % |
| $250,000 - $1,000,000 | 2.875 % |
These rates are for Rhode Island, Connecticut and Massachusetts properties.
*As of 03/18/2019, 1.99% Introductory Annual Percentage Rate (APR) is for the initial 12 months; 2.40% Introductory Annual Percentage Rate (APR) is for the initial 24 months.
**As of 03/18/2019, after the initial 12 months or 24 months, your APR will vary monthly if the Prime Rate changes but will not exceed 18.00% or be less than 2.75%. As of 12/20/2018, the interest rate is as follows: Prime +.125% for line amounts of $25,000-$99,999; Prime -.125% for line amounts $100,000- $249,999; Prime - .375% for line amounts $250,000 - $1,000,000. Check the Wall Street Journal for the current Prime Rate. Account closure fee of $350 for lines up to $500,000 or $500 for lines over $500,000 will apply if line is paid off and closed within first three years. Best rate featured above requires line to be in first lien position; other rates apply to second lien position; a Washington Trust Personal Checking Account is required for this product. Annual fee of $50 is waived for the first year. Initial draw/transfer of $10,000 to a third party at closing is required. Some home improvement projects may be subject to property inspection fees of $100 to $300, final title inspection fee of $100 and a satisfactory completion certificate. Subject to recording fees of approximately $74 in RI, and $93-177 in MA and CT. Trust review fees of $100 to $250 may apply if property is held in a trust. Not intended for homes currently for sale or intended to be sold within 12 months of closing. Offer available for new lines only. Other restrictions may apply. Property insurance is required. Flood insurance where required by law. Single-family, owner-occupied primary residences or second homes only. Maximum loan-to-value of 80% up to $400,000. Subject to credit approval. Offer available for a limited time only and may be withdrawn at any time. Consult your tax advisor regarding the deductibility of interest. Above information is for Rhode Island, Connecticut and Massachusetts properties. MEMBER FDIC.
Home Equity Line of Credit
| Line Amount | APR as low as* |
|---|---|
| $15,000 - $99,999 | 3.375 % |
| $100,000 - $249,999 | 3.125 % |
These rates are for Rhode Island, Connecticut and Massachusetts properties.
*Annual Percentage Rate (APR). As of 3/18/2020, advertised APRs based on .25% reduction for Washington Trust personal checking account relationship and requires line to be in first lien position; other rates apply to second lien position. As of 3/18/2020, the interest rate is as follows with a Washington Trust personal checking account relationship and first lien position: Prime + .125% for line amounts of $15,000-$99,999; Prime - .125% for line amounts $100,000 - $249,999; Prime - .375% for line amounts $250,000 or greater. Your APR will vary monthly if the Prime Rate changes but will not exceed 18.00% or be less than 2.75%. Check the Wall Street Journal for the current Prime Rate. Account closure fee of $350 for lines up to $500,000 or $500 for lines over $500,000 will apply if line is paid off and closed within first three years. Annual fee of $50.00 applies; waived in first year with Washington Trust personal checking account. Some home improvement projects may be subject to property inspection fees of $100 to $300, final title inspection fee of $100 and a satisfactory completion certificate. Subject to recording fees of approximately $74 in RI, and $93-177 in MA and CT. Trust review fees of $100 to $250 may apply if property is held in a trust. Property insurance is required. Flood insurance where required by law. Single-family, owner-occupied primary residences or second homes only. Maximum loan-to-value of 80% up to $400,000. Subject to credit approval. Consult your tax advisor regarding the deductibility of interest. Above information is for Rhode Island, Connecticut and Massachusetts properties. MEMBER FDIC.