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Mortgage Loan Products

Whether you are a first time homebuyer or refinancing your existing home, Watertown Savings Bank offers a variety of financing options to help make the process easier for you. Plus, we service our mortgages in-house. That means it stays right here with us. Servicing our own loans provides you with better customer service if you should ever have any questions or concerns about your mortgage. And we truly believe that creates a better loan experience for you.

Our Mortgage Products

Watertown Savings Bank offers several programs with flexible terms and competitive rates to fit your needs.


Our fixed rate mortgages are originated, approved and serviced locally and our rates are always competitive. We offer 10, 15, 20 and 30 year fixed rate mortgages. Choose the term that works best for you.

Term Interest Rate APR
25 - 30 Year Fixed 5.0000% 5.033%
20 Year Fixed 4.625% 4.669%
10 - 15 Year Fixed 4.250% 4.282%
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Our Adjustable Rate Mortgages (ARM) feature a fixed interest rate for an initial period of either one (1) year or five (5) years before adjusting to a variable interest rate. Once adjusted, the variable interest rate may fluctuate, over the remaining life of the loan, depending on market conditions. You'll have the option of choosing No Closing Costs and may finance your loan for up to thirty (30) years. Our ARM's also include built-in limitations on future interest rate increases for additional protection.

Term Interest Rate APR
1/1 Year ARM 4.000% 4.026%
5/1 Year ARM 4.750% 4.782%
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Now that you have worked hard to build equity in your home, its time to let that equity start working for you. The equity in your home can provide financial solutions for your child’s education, medical expenses, a small business start-up, debt consolidations and much more.

Term Interest Rate Loan Amount
5 Years - 20 Years 4.49% APR Fixed for the first 3 years, then Prime + 1.00% thereafter $15,000 - $49,999.99
5 Years - 20 Years 3.99% APR Fixed for the first 3 years, then Prime + 0.00% thereafter $50,000 - $200,000.00
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A Home Equity Loan can provide a fixed interest rate, a fixed monthly payment and No Closing Costs for a variety of personal expenses, or debt consolidation.

Term Interest Rate Loan Amount
5 Years Fixed 5.00% APR Fixed for 5 Years $15,000 - $50,000.00
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Build your new home on the solid foundation of Watertown Savings Bank. We offer some of the lowest rates around on construction loans and our knowledgeable staff can help you meet your financial goals, freeing you to focus on floor plans and faucet styles. We can make the financing of your new home simple and stress-free.

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Summertime in the North Country is always enjoyable, especially if you’re by the water. We can help you finance the purchase of your new cottage, seasonal camp or even refinance your existing seasonal home. Come in and talk with us about a seasonal mortgage today.

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Renovate, remodel and make those much needed improvements to your home at a competitive rate without refinancing your mortgage.

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