Services at this location
- 24/7 full service ATM
Accepts cash and check deposits - Coin Machine
- Safe Deposit Boxes
- Drive Through Lanes
- Notary Services
Branch Manager
Mary Ann Ludtke
AVP, Branch Manager, Mortgage Specialist
NMLS# 1541989
Learn more
Mary Ann has over 35 years of experience in the banking industry. She enjoys leading, mentoring, and managing a branch team and has a strong commitment to ensuring customer satisfaction. Her community service includes serving as treasurer of the Agawam Rotary Club among other volunteer activities. She enjoys walking and hiking on local trails and spends her summers boating on the Connecticut River.
Lobby Hours
Monday - Wednesday 9:00 am - 5:00 pm
Thursday - Friday 9:00 am - 6:00 pm
Saturday 9:00 am - 1:00 pm
Drive-Up Hours
Monday - Wednesday 8:30 am - 5:00 pm
Thursday - Friday 8:30 am - 6:00 pm
Saturday 8:30 am - 1:00 pm
Apply with Agawam
View current ratesFixed Rate Mortgages
Product | Interest Rate | Annual Percentage Rate (APR) | Points | Payment Per $1,000 Borrowed1 |
---|---|---|---|---|
10 Year Fixed Rate | 2.750% | 2.988% | 0 | $9.59 |
15 Year Fixed Rate | 2.750% | 2.913% | 0 | $6.78 |
20 Year Fixed Rate | 3.000% | 3.127% | 0 | $5.54 |
30 Year Fixed Rate | 3.125% | 3.215% | 0 | $4.28 |
First Time Homebuyer Program - "WB First"
Product | Interest Rate | Annual Percentage Rate (APR) | Points | Payment per $1,000 Borrowed1 |
---|---|---|---|---|
30 Year Fixed Rate | 6.000% | 6.127% | 0 | $6.00 |
A first-time homebuyer is an individual who has no ownership in a principal residence during the 3-year period preceding the date of the purchase of the property.
Adjustable Rate Mortgages*
Product | Term | Interest Rate | Annual Percentage Rate (APR) | Points | Payment per $1,000 Borrowed | Payment per $1,000 After First Adjustment |
---|---|---|---|---|---|---|
5/1 Adjustable Rate Index 0.08%-Caps 2%, 6% |
30 Years |
3.500%2 3.750% |
3.673%2 3.763% |
0 0 |
$4.49 $4.63 |
$5.67 $5.83 |
7/3 Adjustable Rate Index 0.32%-Caps 2%, 6% |
30 Years |
3.750%2 4.00% |
3.910%2 4.029% |
0 0 |
$4.63 $4.77 |
$5.83 $5.99 |
Construction Loans (loan amounts up to $999,999)
Product | Term | Interest Rate | Annual Percentage Rate (APR) | Points | Payment per $1,000 Borrowed1 | Payment per $1,000 After First Adjustment1 |
---|---|---|---|---|---|---|
Fixed Rate | 30 Years | 6.125% | 6.405% | 0 | $6.08 | N/A |
7/3 Adjustable Rate* Index 4.030%-Caps 2%, 6% |
30 Years |
4.750%2 5.000% |
6.334%2 6.487% |
0 0 |
$5.22 $5.37 |
$6.49 $6.65 |
Construction Loans (loan amounts of $1,000,000+)
Product | Term | Interest Rate | Annual Percentage Rate (APR) | Points | Payment per $100,000 Borrowed1 | Payment per $100,000 After First Adjustment1 |
---|---|---|---|---|---|---|
Fixed Rate | 30 Years | 6.375% | 6.458% | 0 | $62.41 | N/A |
7/3 Adjustable Rate* Index 4.030% - Caps 2%, 6% |
30 Years |
5.000%2 5.250% |
6.271% 6.427% |
0 0 |
$53.70 $55.24 |
$66.56 $68.25 |
Land Loans
Product | Term | Interest Rate | Annual Percentage Rate (APR) | Points | Payment per $1,000 Borrowed1 |
---|---|---|---|---|---|
3 Year Fixed Rate | 3 Years | 6.250% | N/A | 0.50 | Interest Only |
Investment Loans
Product | Term | Interest Rate | Annual Percentage Rate (APR) | Points | Payment per $1,000 Borrowed1 |
---|---|---|---|---|---|
3/3 Adjustable Rate** | 20 Years |
4.500%2 4.750% |
4.694% 4.946% |
0.50 0.50 |
$6.32 $6.46 |
15 Year Fixed Rate | 15 Years | 3.750% | 3.993% | 0.50 | $7.27 |
30 Year Fixed Rate | 30 Years | 4.125% | 4.264% | 0.50 | $4.84 |
Investment loans are for non-owner occupied residential real estate.
General Disclosures Applicable to All Mortgages
Unless otherwise noted, Annual Percentage Rates (APR) and payments assume a $100,000 mortgage, 20% down payment and 30-year term.
Loans with loan-to-value ratios greater than 80% require private mortgage insurance.
The program description is not an offer to extend credit. The extension of credit is dependent upon your credit history, loan-to-value ratio, and other factors.
1 The monthly payment per $1,000 borrowed does not include taxes and insurance. If applicable, taxes and insurance would increase your payment.
2 Customers who request and maintain an automatic payment withdrawal from a new or existing Westfield Bank checking account are eligible for an interest rate reduction of 0.250 percentage points during the fixed interest rate period on select WB ARM loan products. New accounts must be opened prior to closing.
Disclosures applicable to all Adjustable Rate Mortgages (ARM)
The APR on all ARMs may increase after closing. The interest rate may increase during the life of the loan which may result in a higher monthly payment.
* Adjustable Rate Mortgage interest rates are based on a margin plus an index rounded to the nearest 1/8th of 1 percent. The margin is currently 3.50 percent. The index is the most recent monthly average yield on U.S. Treasury Securities adjusted to a constant maturity of 1 year, 3 years, or 5 years of the loan as published in the Wall Street Journal . For example, the 5/1 Adjustable Rate Mortgage has a fixed period of five years and every year thereafter the index would adjust to the most recent monthly average yield on U.S. Treasury Securities adjusted to a constant maturity of 1 year.
** Adjustable Investment Rate Mortgage interest rates are based on a margin plus an index rounded to the nearest 1/4th of 1 percent. The margin is currently 4.50 percent. The index is the most recent monthly average yield on U.S. Treasury Securities adjusted to a constant maturity of 1 year, 3 years, or 5 years of the loan as published in the Wall Street Journal. For example, the 3/3 Adjustable Rate Mortgage has a fixed period of three years and every three years thereafter the index would adjust to the most recent monthly average yield on U.S. Treasury Securities adjusted to a constant maturity of 3 years.
Maximum Conforming Loan Amounts
1 Unit - $548,250
2 Unit - $702,000
3 Unit - $848,500
4 Unit - $1,054,500
Home Equity Line of Credit Special | 10 Year Draw | 80% CLTV
HELOC Special | Annual Percentage Rate (APR) |
---|---|
• Introductory fixed rate for the first 3 months; variable rate thereafter | 1.993% (First 3 Months) |
• 10 year draw period, 15 year repayment period | Prime + 0% (After 3 Months) |
• 1st & 2nd Lien | |
• CLTV ≤ 80% | |
• Requires monthly payments to be automatically deducted from a Westfield Bank Checking Account. |
The minimum loan amount is $10,000. A borrower paid appraisal is required if loan request is greater than or equal to $400,000.
The index is Prime Rate as published in the Wall Street Journal, currently 7.500% and can change monthly after remaining fixed for 1 day. An increase in the interest rate will result in a higher monthly payment. The maximum APR is 18%. Homeowners Insurance is required on the property securing these loans
The Home Equity Line of Credit is subject to an early termination fee of $550.00 if prepaid in full and closed within 24 months.
The 10 year draw period is interest only and the remaining 15 year repayment period will be the principal balance remaining at the end of the draw period divided by the number of months in the repayment period, plus interest.
After the 3 month introdutory period, the interest rate will be Prime Rate with a minimum interest rate of 3.750%
Home Equity Line of Credit Special | 10 Year Draw | 80.01-85% CLTV
HELOC Special | Annual Percentage Rate (APR) |
---|---|
• Introductory fixed rate for the first 3 months; variable rate thereafter | 1.993% (First 3 Months) |
• 10 year draw period, 15 year repayment period | Prime + 0.50% (After 3 Months) |
• 1st & 2nd Lien | |
• CLTV > 80.01% to 85% | |
|
The minimum loan amount is $10,000. A borrower paid appraisal is required if loan request is greater than or equal to $400,000. For lines greater than 80.01% to 85% CLTV, the maximum loan amount is $50,000 and a borrower paid appraisal is required.
The index is Prime Rate as published in the Wall Street Journal, currently 7.500% plus a margin of 0.50% and can change monthly after remaining fixed for 1 day. An increase in the interest rate will result in a higher monthly payment. The maximum APR is 18%. Homeowners Insurance is required on the property securing these loans.
The Home Equity Line of Credit is subject to an early termination fee of $550.00 if prepaid in full and closed within 24 months.
The 10 year draw period is interest only and the remaining 15 year repayment period will be the principal balance remaining at the end of the draw period divided by the number of months in the repayment period, plus interest.
After the 3 month introductory period, the interest rate will be Prime Rate plus a margin of 0.50% with a minimum interest rate of 4.250%. .
Home Equity Loan (First Lien) | 80% CLTV
Term | Interest Rate1 | Annual Percentage Rate (APR) | Payment per $1,0002 |
---|---|---|---|
5 Years | 5.625% | 5.666% | $19.15 |
10 Years | 5.875% | 5.897% | $11.04 |
15 Years | 6.125% | 6.141% | $8.51 |
20 Years | 6.375% | 6.387% | $7.38 |
Home Equity Loan (Second, Subordinate, Junior Liens) | 80% CLTV
Term | Interest Rate1 | Annual Percentage Rate (APR) | Payment per $1,0002 |
---|---|---|---|
5 Years | 6.000% | 6.159% | $19.33 |
10 Years | 6.250% | 6.338% | $11.23 |
15 Years | 6.625% | 6.691% | $8.78 |
Home Equity Loan (Second, Subordinate, Junior Liens) | > 80% to 85% CLTV
Term | Interest Rate | Annual Percentage Rate (APR) | Payment per $1,0002 |
---|---|---|---|
5 Years | 6.875% | 7.037% | $19.74 |
10 Years | 7.125% | 7.219% | $11.68 |
15 Years | 7.375% | 7.445% | $9.20 |
The minimum Home Equity Loan amount is $5,000. An appraisal is required for loans less than or equal to 80% CLTV if loan request is greater than or equal to $400,000. For loans greater than 80% to 85% CLTV, the maximum loan amount is $50,000 and a borrower paid appraisal is required.
1 Interest rate reflects a 0.25 discount as long as you maintain an automatic payment withdrawal from a new or existing Westfield Bank checking account. The account must be opened prior to the settlement of your loan.
2 The monthly payment does not include taxes and insurance. Your actual payment may be greater.
General Disclosures Applicable to All Home Equity Loans and Lines
Home Equity Loan and Home Equity Line of Credit products are available for one to four unit owner occupied primary residences including condominiums. Homeowners insurance is required on the property securing the loan.
Subject to individuals residing or working in Massachusetts, Connecticut.
Rates are subject to change without notice.
CLTV = Combined Loan to Value. These program descriptions are not an offer to extend credit.The extension of credit is dependent upon your credit history, combined loan-to-value ratio, and other factors.
You must pay certain third party fees for loans greater than or equal to $250,000. These fees total between $0.00 and $2,457.00. If you ask, we will give you an itemization of the fees that you will have to pay third parties.
Auto Loans
Product Description | Interest Rate | APR | Payment Per $1,000 |
---|---|---|---|
New 60 Months |
4.000%* | 4.102% | $18.42 |
New 48 Months |
4.000%* | 4.126% | $22.58 |
New 36 Months |
4.000%* | 4.166% | $29.52 |
Used 60 Months Model Years 2020-2023 |
4.000%* | 4.102% | $18.42 |
Used 48 Months Model Year up to 2019 |
4.000%* | 4.126% | $22.58 |
Used 36 Months Model Year up to 2018 |
4.000%* | 4.166% | $29.52 |
New car loans are only available on model year 2023 up to
- 100% of the purchase price for loan amounts up to $50,000.
- 90% of the purchase price for loan amounts up to $50,001 - $70,000.
- 80% of the purchase price for loan amounts up to $70,001 or more
APRs based on 100% LTV
Pre-owned car loan maximum financing 2018-2023.
- Model year 2018 has a maximum term of 36 months, Lesser of 80% of the purchase price or 80% NADA Clean Retail
- Model year 2019 has a maximum term of 48 months, Lesser of 80% of the purchase price or 80% NADA Clean Retail
- Model years 2020-2023 have a maximum term of 60 months, Lesser of 90% of the purchase price or 90% NADA Clean Retail
Personal Line of Credit
Annual Percentage Rate (APR) | Minimum Loan | Maximum Loan | Annual Fee |
---|---|---|---|
18.00% | $500 | $2,500 | $0 |
No annual fee. You only pay finance charges on the amount you borrow.
Recreational Vehicles
Product Description | Interest Rate | APR | Payment Per $1,000 |
---|---|---|---|
Motorcycle, RV & Boat Loans 12 Months | 6.750%* | 6.750% | $86.41 |
Motorcycle, RV & Boat Loans 24 Months | 6.750%* | 6.750% | $44.66 |
Motorcycle, RV & Boat Loans 36 Months | 6.750%* | 6.750% | $30.76 |
Motorcycle, RV & Boat Loans 48 Months | 6.750%* | 6.750% | $23.83 |
Motorcycle, RV and Boat APRS based on 80% LTV. 20% down payment required.
Pool and Spa Loans
Product Description | Interest Rate | APR | Payment per $1,000 |
---|---|---|---|
Pool & Spa 60 Months | 5.250% | 5.250% | $18.99 |
Pool & Spa 48 Months | 5.250% | 5.250% | $23.14 |
Pool & Spa 36 Months | 5.250% | 5.250% | $30.08 |
Pool & Spa 24 Months | 5.250% | 5.250% | $43.98 |
Pool & Spa 12 Months | 5.250% | 5.250% | $85.72 |
90% of the purchase price with a maximum loan amount of $10,000. (Equity Loans or Equity Lines may be available for any loans over $10,000.)
APRs based on 90% LTV
Buy, build, or refinance.
Retail Lending Services
Kristin Gravanis
AVP, Mortgage Loan Officer
NMLS# 40053
206 Park Street
West Springfield, MA